Brussels will on Wednesday propose measures giving it more authority over the national budgets of euro zone states, including a requirement to submit tax and spending plans to European Union authorities before their national parliaments. The FT reports.
Investors are increasingly loath to trust the debt of many euro zone sovereigns. That is the most important lesson of recent events. Many European politicians wish to declare war on the markets. They need to remember that they want people to buy their debt, writes Martin Wolf in the FT.
The debt situation on either side of the Atlantic is unlikely to improve for some time, but the United States remains the key engine for growth in the world, albeit hampered by political partisanship, while Europe will continue to suffer because of lack of liquidity in the banking system, Anthony Fry, UK Chairman of Espirito Santo Investment Bank told CNBC.
Noted bank analyst Dick Bove tells Larry Kudlow the stress tests aren't an indication that the Fed has a particular concern about the state of American banks.
Holiday shopping is being held out as a potential bright spot for markets, discouraged by failure in Washington and fumbling in Europe.
You know all about the January effect for stocks, but history suggests the euro could get interesting in December.
Insight on what should investors make of the euro trading near session highs, with Dennis Gartman, The Gartman Letter editor.
Following the daily swings of the euro zone debt crisis, it can be difficult to focus on the long-term, bigger picture.
Billionaire investor George Soros believes the euro zone bond market is facing a similar situation to the banking system in 2008 and wants the European Central Bank to step in to stop a self-fulfilling crisis of confidence.
Austrian bank supervisors have instructed the country banks to limit future lending in their east European subsidiaries, a further sign of the potential knock-on effects of the euro zone crisis for economies around the world.
Amid debt concerns in both the U.S. and Europe, Cramer explains what the bulls need to see happen for things to turn around.
The pain of a euro zone breakup would be too great, this strategist says, and Europeans know it.
CNBC's Michelle Caruso-Cabrera has the details on Spain's new prime minister-elect Mariano Rajoy and what that means for the European debt crisis.
U.S. futures and European stocks are just off their lows for the day on more tail risk in Europe and the failure of the U.S. debt-reduction committee to come to an agreement.
Europe's debt crisis weighs on the market, and the U.S. deficit debate piles on - it's time for your FX Fix.
The message from Germany is clear: there will be no bailout of the euro zone via monetizing debt through bond purchases by the European Central Bank. This stance, according to Chris Tinker, an equity strategist at Libra Investment Services in London, means higher borrowing costs acting as a mechanism for pushing through structural reforms.
Ireland is viewed by many on the outside as the best performer from the struggling euro zone peripheral economies, but there are plenty of voices within the country who doubt this can continue.
If a week is a long time in politics, two weeks covering affairs of state in Italy can seem like an eternity. Maybe that's why Rome got its moniker, but having covered the fall of Berlusconi and the rise of Monti's technocrats, there's some relief things moved along quicker than I and investors feared.
Signals of market stress are increasing, with a growing number of measures now flashing yellow and some on the verge of flashing red. The longer this persists, the greater the risk of very large market moves - in either direction, depending on the economic and financial catalysts.
Investor attention will swing between the U.S. and Europe as politicians on both sides of the Atlantic struggle with debt and deficits that hang like a threatening pendulum over markets.