William Hobbs, head of investment strategy UK and Europe at Barclays Wealth and Investment Management, says there’s a lot that needs to be done for Italy’s banks, and recapitalization won’t completely fix that. » Read More
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.
The cost of insuring Italian debt against default rose to a record high on Monday one day before a key bond sale, while Greek credit default swaps also hit historic highs on growing worries that the country may go bankrupt.
Carl Weinberg, the chief economist at High Frequency Economics is very worried about Europe. His central forecast is that the debt crisis will lead Europe into a depression that will mean soaring unemployment, deflation and zero interest rates for the foreseeable future.
Angel Gurria, secretary-general of the Organisation for Economic Co-Operation and Development, issued a strong defense of the euro over the weekend.
It has been another dramatic weekend in the euro zone. On Friday, Germany’s representative on the European Central Bank's governing council, Juergen Stark, resigned in protest at the bank's decision to buy Italian and Spanish bonds. He will be replaced by German deputy finance minister Joerg Asmussen.
Major Asian stock markets dropped between 2 and 3 percent on Monday after the resignation of European Central Bank’s de facto chief economist Juergen Stark heightened uncertainty for investors. A number of analysts and investors told CNBC they forecast a further global selloff given a lack of clear policy solutions from Europe.
Greece is unable to repay its debts, according to Richard Bove, banking analyst at Rochdale Securities, and given that the euro zone banking system has yet to mark sovereign debt holdings to market, many banks will be forced to raise new capital.
CNBC's Maria Bartiromo questioned Frederic Oudea, Societe Generale chairman & CEO, regarding exposure to the debt crisis and rumors about the company's capitalization.
The euro is in free fall as panic over Europe heats up. Discussing how low the euro will go, with CNBC's Melissa Lee and the Money in Motion traders. Will the Greeks get the boot from the Eurozone?
CNBC's Steve Liesman and Silvia Wadhwa have the details on ECB board member Juergen Stark's resignation and reaction from the ECB.
Currency intervention gains steam, economic reports lose it - it's time for your FX fix.