Central Banks European Central Bank

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    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.

  • You could get motion sickness watching the U.S. markets these days. But the real sick man is Europe.

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    The Swiss franc and yen are flying high as investors bail out of riskier currencies — it's time for your Tuesday FX Fix.

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    Now that Standard & Poor's has done the unthinkable, you need to know who might take the next ratings hit. Here's the list, and how to trade it.

  • ECB Steps In: Is it Enough?

    Discussing the choppy day in European markets despite intervention from the ECB, with Peter Westaway, Nomura chief European economist, and CNBC's Michelle Caruso-Cabrera.

  • European Central Bank

    The European Central Bank's bailout, estimated to be about 2 billion euros in Italian and Spanish debt, will cost France and maybe even Germany their triple-A ratings, Kyle Bass, managing partner of Hayman Capital, told CNBC Monday.

  • ECB Buying Bonds

    CNBC's Michelle Caruso-Cabrera reports on the ECB buying Italian and Spanish bonds in an effort to reassure the markets, and a play on global currencies, with Andy Busch, BMO Capital Markets.

  • Piazza Venezia, Rome, Italy

    While austerity measures — cuts in social benefits such as pensions and health care — are unpopular with the citizens of Europe, they haven’t seen anything yet.

  • European Central Bank

    The European Central Bank decided it had to act over the weekend, but they could have taken bolder action by making a "drastic cut in interest rates" because they have a couple trillion euros as a backstop, Cramer said Monday.

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    In the U.S., is it the fall of the Roman Empire or will our anemic growth pick up steam and help us out of the economic doldrums? Here are five questions to ask.

  • Euro bills

    The interest rates on Spanish and Italian bonds plummeted Monday after the European Central Bank expanded its purchases of government debt to support Madrid and Rome for the first time, the New York Times reports.

  • Cramer Sounds Off on Trichet

    CNBC's Jim Cramer says ECB's president may be a "moron and a buffoon," and is not demonstrating leadership.

  • Big Ben

    The UK, with its high level of public debt, low growth, closeness to the US and reliance on financial services, was once viewed as one of the European economies most in danger of a double-dip recession.

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    The dollar deflates, the euro loses steam, and Moody's wants Japan to leave the yen alone - time for your FX Fix.

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    Silvio Berlusconi’s administration has lost sovereignty and its lack of credibility has hit Italy’s reputation abroad, according to former European Competition Commissioner Mario Monti.

  • Reichstag Parliment building, Berlin, Germany

    Germany is showing more commitment to the resolution of the euro zone debt crisis, and is likely to expect even greater influence on the fiscal discipline of its neighbors in return, analysts told CNBC.

  • European Central Bank

    Following a dramatic end to the trading week that saw Italy pledge to speed up its austerity measures, the European Central Bank decided this weekend it had to act.

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    The crisis threatening to envelop Spain and Italy is moving faster than euro zone policy makers can keep up with, William Rhodes, senior advisor at Citigroup, told CNBC Monday.

  • Timothy Geithner

    “So what Europe needs to do is to make sure that there's an unequivocal financial backstop, so there is no doubt in anyone's mind that those countries across Europe have the ability and the will to meet their obligations," the US Treasury secretary told CNBC.

  • Jean-Claude Trichet

    Recent days have highlighted what some critics say are policy mistakes by Jean-Claude Trichet, or at least the institution he leads, the European Central Bank, the New York Times reports.