The crisis plaguing the euro zone has reached a "systemic dimension", outgoing European Central Bank President Jean Claude Trichet said on Tuesday, warning that the risk of economic shocks spreading further across the financial sector has increased.
Since August the market has been very volatile. Huge market swings for stocks added to a sense of crisis as investors fretted over Greek default, the global banking system and a slowdown in the US economy.
CNBC's Ross Westgate reports that the Dexia Board has agreed to the rescue plan after its marathon meeting.
Regulators in the United States and overseas are cracking down on computerized high-speed trading that crowds today’s stock exchanges, worried that as it spreads around the globe it is making market swings worse. The New York Times reports.
The prospect of guaranteeing the debt of richer but more spendthrift countries like Greece, Portugal and even Italy has led to public outrage in tiny Slovakia, the second-poorest country in the euro zone where the average worker earns just over $1,000 a month. Now it is threatening to derail a collective European bailout . The New York Times reports.
Greece faces a key debt-payment deadline on October 14. Here's how to get ready.
As Europe's debt crisis grows, Fitch cuts Spain's credit rating and maintains a negative outlook. And the currency trade in light of Greece's debt crisis, with CNBC's Melissa Lee and the Money in Motion traders. With Sean Egan, Egan-Jones Ratings Co.
Investing in the U.S. isn't really about the U.S. anymore. It's about parsing the daily news coming out of Europe and figuring out whether the debt crisis there is fixed yet.
Spain and Italy's debt was downgraded Friday by Fitch ratings agency, sending stocks lower and dealing another blow to Europe's efforts to resolve its credit crisis.
The U.S. is facing a dangerous threat from Europe's debt crisis, said former Fed chief Alan Greenspan. Sharing perspective on why understanding Europe's market is so important, with Joshua Raymond, City Index chief market strategist.
Hopes rise for euro debt resolution and lift risk-on currencies — it's time for your FX Fix.
The ECB is not a fiscal agency of the European Union, says Alan Greenspan, former chairman of the Federal Reserve. "Jean Claude-Trichet may be French, but he acts like a German." Greenspan also weighs in on the US economy.
"For a long time, it appeared the single currency system in Europe system worked," pointed out Alan Greenspan, former chairman at the Federal Reserve.
The euro zone will need political unification to save the euro, Alan Greenspan, former chairman of the US Federal Reserve, wrote in an opinion piece in the Financial Times.
Despite the significant cerebral power of those in attendance at the Barefoot Economic Summit, even if one adheres to a likely scenario of events, the outcome of euro zone debt crisis is still impossible to predict.
Insight on the overall market and financials rally, with Guy Adami, Drakon Capital; Steve Cortes, Veracruz Research; Patty Edwards, Trutina Financial; Steve Grasso, Stuart Frankel; and CNBC's Steve Wapner. Also, sharing predictions on the fourth quarter, with Peter Boockvar, Miller Tabak & co. equity strategist.
Jean-Claude Trichet defended his run as European Central Bank president in an interview with CNBC on Thursday, saying the bank had delivered its key objective of price stability and that the euro was here to stay.
ECB chief Jean-Claude Trichet talks to CNBC about what needs to be done in Europe and his legacy with the European Central Bank.
The Bank of England launches QE2 and the European Central Bank has everyone on tenterhooks - time for your FX Fix.
Jean-Claude Trichet will chair his last monetary policy meeting at the ECB, with CNBC's Silvia Wadhwa.