Europe: Economy European Debt Crisis

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  • The European sovereign debt crisis continues to rattle global markets as uncertainty over austerity measures and a proposed bailout have people questioning whether the Eurozone will be able to survive more financial trauma. At the center of concerns are the "PIIGS" nations - Portugal, Italy, Ireland, Greece and Spain - heavily indebted countries in danger of default that could trigger an economic domino effect around the globe. In an April 2010 report, the Swiss-based  (BIS), a clearinghouse for

    So, which countries are most exposed to the PIIGS? Click for a country-by-country breakdown.

  • With both economic growth and corporate profits under extreme pressure these days, corporate tax rates are under greater scrutiny around the globe. The (OECD) has tracked corporate tax data from its member countries every year since 1981. The tax rates listed here are “combined corporate income tax rates,” a number that includes both national and local levies. It should be noted that the OECD only compiles corporate tax data on its which do not include the BRIC nations, as these countries are no

    With economic growth and corporate profits under extreme pressure these days, corporate tax rates are under greater scrutiny. Click to see which countries have the highest corporate tax rates.

  • European Union logo

    The euro nears parity with the dollar, the Bank of England undertakes its own QE2 and Greece opts to restructure its debt.

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    Seven of 91 European banks failed stress tests aimed at measuring their strength in case the continent's government debt crisis takes a turn for the worse, regulators said Friday. European Union officials hope the results will reassure markets worried about hidden bank losses from the crisis.

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    Three European banks have revealed capital-raising plans  before the results of stress tests were due to be made public, the FT reports.

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    Friday at noon, New York time, 91 banks in Europe will reveal how strong they would be if the region went back into recession over the next two years and the sovereign debt they hold plunged in value.

  • Forget about stress tests as a way of gauging the health of Europe's banking sector. Instead you should look to the biggest-spending soccer team, according to Jim O'Neill, chief global economist for Goldman Sachs.

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    The National Bank of Greece is confident it will pass the European Union stress tests and is not looking for an increase of capital or a merger at the moment, its chairman told CNBC Wednesday.

  • Portugal

    Investors do not see Portugal's rating downgrade by Moody's as an event that will shake the markets, but it confirms the fact that the outlook for the euro zone is still cloudy.

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    Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.

  • Depending on country of residence, dramatic differences exist in the working lives of citizens from different nations. CNBC.com took a look at several major factors that can significantly affect the quality of work life - average income, income taxes, retirement age, average work week and average vacation days - over 22 select countries around the world to compare how these factors vary. The characteristics of a working life within a country also have an effect on the macroeconomic situation, su

    Depending on country of residence, dramatic differences exist in the working lives of citizens from different nations. CNBC.com took a look at several major factors that can significantly affect the quality of work life — average income, income taxes, retirement age, average work week and average vacation days — over 22 select countries around the world.

  • If you chose to move from your current country of residence, where would be the best place for you to go? That's the question this year's HSBC Expat Explorer Survey 2009 is trying to uncover.The report focuses on the experiences of expats and their ease of integration into local society, compared to the country in which they used to live. The rankings are based on a set of 23 criteria measuring quality of life and ease of integration that were answered by over 3,100 expats living in 26 different

    If you chose to move from your current country of residence, where would be the best place for you to go? That's the question this year's HSBC Expat Explorer Survey 2009 is trying to uncover.

  • Foreign direct investment (FDI) has traditionally been defined as a physical investment into a country from a foreign entreprise - like the construction of an industrial building - but is also recognized as large-scale, long-term investment outside an investor's domestic economy. In this case, investors are most often multi-national corporations and investment firms.Following the global economic crisis, the amount of investment capital shrank, with total global FDI inflows falling from the all t

    So, which countries boast the biggest amount of foreign direct investment? Click to find out!

  • The influence of the world's central bankers has never been more pronounced than during the global economic crisis when these captains of monetary policy had the daunting task of preventing a total financial collapse. But which central bankers have most effectively combated economic issues to avoid disaster? Who should have done things differently? recently graded 31 central bank chiefs in its "Central Banker Report Cards 2009" series based on their performance in confronting problems and creati

    Global Finance Magazine recently graded 31 central bank chiefs in its "Central Banker Report Cards 2009" based on their performance. Here's a look at 15 key bankers and how they scored.

  • Have you ever been in another country and thought," These folks really have some beautiful money?" Whether it was the colors, the portraits, or the overall design, good looking money is just a little more fun to spend. So, what are the most beautiful currencies in the world? David Standish, author of , shares his comments and top picks. And even though he says the European Single Currency has driven many of the beautiful currency notes into extinction, he says there are still some spectacular no

    So, what are the most beautiful currencies in the world? David Standish, author of The Art of Money, shares his comments and top picks.

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