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  • Lack of Clarity Fueling Euro Debt Crisis

    "The problems in the European markets are based on a lack of clarity and a lack of a long term solution," Gemma Godfrey, head of research at Credo Capital told CNBC. "Things are getting a lot worse......the ECB is using debt to solve a problem of debt," she added.

  • gavel and money

    European leaders are scurrying from one crisis to the next, and it doesn't bode well for the euro, this strategist says.

  • fx_fix_1_200.jpg

    Tough talk from the Swiss works on the franc and debt worries dog the euro — it's time for your FX Fix.

  • British-born actor Elizabeth Taylor in costume as the Egyptian queen Cleopatra, for the film, 'Cleopatra,' directed by Joseph Mankiewicz, 1963.

    It’s all getting a bit Elizabeth Taylor and Richard Burton in the euro zone recently. The European Union seems to think that if it’s worth doing in the first place, its worth fighting for

  • Unemployed men queuing for coffee and bread at a soup kitchen run by the Bahai Fellowship at 203 East 9th Street, New York, circa 1930.

    As the European markets were braced for another turbulent day, one analyst at Citi warned that a decade of economic slowdown could follow if Italy and Spain default on their debt repayments.

  • bear_only_200.jpg

    A 15-day short selling ban , which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop  market turbulence.

  • French minister says broader GDP and deficit-cut targets remain, with CNBC's Ross Westgate.

  • Piazza Venezia, Rome, Italy

    High labor taxes and low visibility on economic growth and business climate are just some of the reasons that are keeping Italian businesses from offering jobs, especially long term contracts.

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

    U.K. finance minister George Osborne has called upon his euro zone peers to do whatever it takes to ensure stability, indicating the British government would back a so-called euro bond to avoid a disastrous break up of the euro.

  • euro_drowning_200.jpg

    There's a currency worry behind all the selling of Italian and Spanish bonds, this economist says.

  • Getting the U.S. Back on Track

    Insight on how strong the U.S. banking system is, with William Isaac, former FDIC chairman.

  • Piazza Venezia, Rome, Italy

    Italy has one of the highest savings rates in the OECD and holds considerable household wealth. In fact, the country's household wealth is five times as high as the country's gross domestic product (GDP). None of this appears to add up with the country's miserable public finances.

  • Societe General Stirs Markets

    CNBC's Ross Westgate has the story on the concerns surrounding SocGen's stock as well as other European banks.

  • France

    Nicolas Sarkozy, the French president, has given his finance and budget ministers one week to come up with new measures to cut France's crippling debt burden as concerns mount over prospects for growth and the country's ability to meet its deficit reduction targets. reported the FT.

  • investor_worried.jpg

    The past week's market drops and swings are dizzying. Everyday people are commenting that it is scarier than 2008. Now, that probably isn't true because no one is anticipating the inability to take money out of ATMs or the commercial paper market shutting down. Yet, there is something unnerving about the market declines, the uncertainty surrounding the economy and the lack of confidence in political leaders.

  • australia_sydney2_200.jpg

    The Australian dollar has had quite a run. Is it over?

  • fx_fix_1_200.jpg

    The Bank of England is gloomy and the Swiss franc can't stop rising - it's your daily FX Fix.

  • BOE_buses_200.jpg

    The Bank of England (BoE) cut its 2011 GDP growth forecast for the UK for the seventh time since the end of the recession on Wednesday as more weak economic figures suggested the economy was struggling to maintain momentum.

  • bank_vault_200.jpg

    The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.

  • russia_building_200.jpg

    By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.