Central Banks European Central Bank

  • The Parthenon in Greece

    The present crisis of the Eurozone is a direct consequence of a half hearted, half considered, half explained and therefore half finished integration process, writes the former Prime Minister of Hungary.

  • US Debt Clock

    Like Americans trying to raise quick cash by unloading their unwanted goods, the federal government is considering a novel way to reduce the deficit: holding the equivalent of a garage sale, reports the NY Times.

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    After watching the politicians cause havoc for investors for the last three months, can we hope at all that things will be any different in the fourth quarter?

  • "Policymakers are in control today and they are driving this car very erratically; they’re not even telling you what the destination is, especially in Europe; and instead of looking through the windscreen, they’re arguing among each other. It feels really volatile and unsettling," said Pimco's Mohammed El-Erian.

  • Dare Buy a Greek Bond?

    Jon Najarian, Optionmonster.com, explains how you can make money on Greek debt. "You can buy it for 41 cents on the dollar," he tells CNBC's Brian Sullivan.

  • EU building flags brussels

    The German Parliament's vote to expand the role of the European Financial Stability Facility has given the markets a "confidence boost," but it is only a short-term fix to Europe's solvency issues, Dino Kos, former N.Y. Fed executive vice president, told CNBC Thursday.

  • Explaining Greece

    CNBC's Michelle Caruso-Cabrera explains how much debt Greece actually has and why the U.S. should care.

  • Euro bills at teller window

    So much for the idea of a levered Euro-TARP. German Finance Minister Wolfgang Schaeuble told lawmakers the European Financial Stability Facility would not be used to create a leveraged bailout vehicle, according to Dow Jones Newswires.

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    LONDON—Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds. After a number of investors struck gold by betting against French banks, many have turned their attention to the hot yet risky euro zone trade of the moment: buying Greek government bonds that traders say are changing hands for as little as 36 cents for each euro of face value.

  • Banks, Europe & the U.S.

    Insight on the issues in Europe and what it means for the U.S., with Dino Kos, former NY Federal Reserve Bank executive VP.

  • Liberal Democrat Leader Nick Clegg takes part in a question and answer session with community groups at the Frontline Church in Liverpool, England.

    The U.K. deputy prime minister said on Thursday that any solution to the euro zone crisis must not lead to some member states dictating terms to other European nations—such as the U.K.—that are outside the currency union.

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    Recent declines in banking and financial stocks are part of a "banking crisis in slow motion," one investor told CNBC as the markets awaited the outcome of a key vote on the European Financial Stability Facility (EFSF) in Germany.

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    Economists at Citigroup have again cut their global gross domestic product forecasts for 2011 and 2012 as growth prospects “continue to deteriorate quickly.”

  • German Chancellor Angela Merkel

    Germany's parliament has approved reforms to the European Financial Stability Facility (EFSF) that would allow the fund to participate in the primary market and to recapitalize European banks in a much-anticipated vote in the Bundestag.

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    Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds, the New York Times reports.

  • annuities

    Stocks rallied on Monday and Tuesday on hopes that policy makers where about to get their act together and unveil a credible solution to the euro zone debt crisis. On Wednesday the bears where back in charge as stocks and commodities came under renewed pressure amid fears a euro zone resolution was not as close as had been hoped.

  • Investors Still Anxious Over Europe

    Thomas Lee, JPMorgan chief US equity strategist, says investors remained sidelined thanks to the uncertainty over Europe.

  • Looking for a euro-dollar trading strategy among the torrent of European news reports? Here's an idea.

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    Amid a debt crisis that threatens to engulf the global economy, the European Union this week will try again to address a serious flaw in the construction of the euro: the lack of fiscal rules tough enough to provide a foundation for the currency.

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    Encouraging comments from a top EU official lift the euro, but all eyes are on the "euro-skeptic" Finns — it's time for your FX Fix.