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  • Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    When chancellor of the exchequer, George Osborne, got up to speak at the Conservative party conference on Monday, he knew he had to tread a fine line between optimism that the British economy could recover and wasn’t going to fall into a "double-dip" recession, versus facing down calls from the Liberal Democrats to ease public spending cuts and those on the right of his own political party calling for an end to the 50p tax rate at the very least.

  • Mohamed El-Erian

    "This time around there's going to be a lot more burden sharing. I don't think the market has quite understood that it's not simply a matter of recapitalization," says the CEO of the world's largest bond fund.

  • Turkey gets tough and the Australians go shopping - it's time for your FX Fix.

  • El-Erian Between Very Concerned & Scared

    The market and global economy have lost their anchors, including the US losing its credit rating, Switzerland losing is "safe-haven" status, and the European banks in crisis, says Mohamed El-Erian, PIMCO CEO & co-CIO. "The reality is the dog is Europe," he adds.

  • The Parthenon in Greece

    It would be better if policymakers let a disorderly default of Greece take place and recapitalized banks, an analyst told CNBC Wednesday.

  • european_union_crack2_200.jpg

    The euro zone was launched on a wing and a prayer. The wing has fallen off and the deities are not listening to prayers. Everyone focuses on averting a crash. But it is as vital to ask how to fly securely, the FT reports.

  • rare_books_200.jpg

    The guest blogs are carrying some smart currency-related commentaries today. Here's a guide.

  • Dexia Plunges on Greek Exposure Fears

    Executives at Franco-Belgian bank Dexia are scrambling to put forth a restructuring plan, in the face of a market onslaught, with CNBC's Mary Thompson and Steve Liesman.

  • global_currency_200.jpg

    The 17 families meeting the last few days — and I can't remember if it was the EU, the ECB, the IMF, the EIB, CIA, FBI or what- decided to make no decision except to cancel the meeting scheduled for October 13, and meet in November.

  • greece_church_flag_200.jpg

    The euro ministers are working on a restructuring for Greece that includes much larger haircuts for the private sector and that they don’t want to make a payout until this is settled.

  • european_union_crack2_200.jpg

    The chances of the US being able to help bailout Europe are minimal because of weaknesses in the American economy, influential Citi banker William Rhodes told CNBC Tuesday.

  • euro_drowning_200.jpg

    Think the euro can't fall much further? Think again, this strategist says.

  • Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The UK’s finance minister, Chancellor of the Exchequer George Osborne vowed to continue the coalition government’s austerity program on Monday telling delegates at his Conservative party’s annual conference in Manchester, UK, that Britain would “ride out the storm.”

  • euro_drowning_200.jpg

    As the enlargement of the European Financial Stability Facility (EFSF) draws nearer, opinion is still divided on whether changes to the bailout fund will be enough to stench the flood of problems facing the eurozone.

  • Bank of France governor Christian Noyer leaves the Elysee Palace after a meeting with French President Nicolas Sarkozy about the financial crisis.

    European Central Bank member Christian Noyer said on Monday it is unrealistic to expect an increase in Europe's bailout fund beyond what was agreed in July, but that he is open to schemes that would allow leveraging to expand capacity.

  • greece_church_flag_200.jpg

    Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.

  • greece_athens_academy_200.jpg

    Greece was expected to unveil its plan on Sunday to begin laying off state workers, the most contentious part of a reform package demanded by the EU and IMF.

  • greece_church_200.jpg

    Greece and debt inspectors have apparently agreed that older civil servants near retirement age will bear the brunt of personnel cuts in the public sector, according to media reports.

  • European Central Bank

    The euro's being whipsawed by talk of debt plans. Here's how to trade an actual European event.