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Prime Minister Silvio Berlusconi's government won a confidence vote on Wednesday in the lower house of parliament on a 54 billion euros ($74 billion) austerity package aimed at staving off financial crisis in Italy.
Markets around the world have been waiting for decisions from euro zone leaders on greater fiscal integration and euro bonds since July.
Insight on which institutions in Europe had the highest amount of sovereign exposure that have yet to be written up, with James Chanos, Kynikos Associates president/founder, who says the ECB will pull out all the stops and the crisis is more of a solvency issue instead of a liquidity issue.
The US Treasury would effectively accommodate a possible Federal Reserve stimulus to drive down long-term interest rates, according to people familiar with the matter. The FT reports.
As Europe's debt crisis worsens further, one analyst says China may be their only savior.
Investors will have to deal with an avalanche of news flow from Europe on Wednesday ahead of a crucial meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner on Friday.
Italy's lower house of parliament is expected to approve the centre-right government's much revised austerity plan on Wednesday as Rome struggles to stem a financial market crisis now threatening the whole euro zone.
European leaders are in the driver's seat when it comes to markets Wednesday, but traders will also be taking a hard look at U.S. economic data to see if the string of negative surprises is coming to an end.
Everybody's worried about the euro zone, but Turkey gets some good news — it's time for your FX Fix.
Greece should leave the euro zone in order to prevent the sovereign debt crisis engulfing major economies and threatening its very existence, a fund manager told CNBC.
Reports that the Italian government has held talks with the Chinese sovereign wealth fund about investing in its debt-laden economy spurred a stock market rally and a boost to the euro Monday.
"I've no regrets." Federico Ghizzoni, chief executive of UniCredit, told the FT after his first year in the top job at Italy's largest bank by assets.
Markets can't help but remain caught in the latest cross currents of news from Europe, but the question is whether it's going to feel like high or low tide.
Armed with its own currency, Greece could make its exports more competitive, increase debt servicing capacity, and placate Germany — says blogger Peter Morici.
The idea of a European Union sounded so good, but the question always was when push came to shove, what would prevail: country or union?
Global financial markets continue to be roiled by the complex and alarming newsflow surrounding the European debt crisis. But the trading strategy for the upcoming votes on the bailout is straightforward.
Whatever happens in Greece it is not an issue for Societe General, which has 41 billion Euros in capital, says Frederic Oude, Societe Generale CEO, who explains that the debt issue in Europe is not significantly impacting the bank. Oude also explains how the financial is cutting costs and steps to reduce its balance sheet.
As the euro zone enters the most dangerous phase of its debt crisis, bailout patience is eroding in the fiscally responsible tier of the zone. While Brussels wonders whether the Finns have become Euro-skeptic, the reality is the reverse. Europeans are turning into Finns.
Greece's problems are scaring everybody in the euro zone, but the Bulgarians still want in - it's time for your FX Fix.
The European contagion is still causing market fears. Insight on today's trading session, with Jim Rickards, Tangent Capital Partners senior managing director and Bob Iaccino, Traderoutlook.com.