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Economic Regions The European Union

  • CNBC Anchor Grills Barroso and Medvedev

    CNBC's Steve Sedgwick grilled the president of the EU commission, José Manuel Barroso and the Russian prime minister, Dmitry Medvedev, on the relationship between Europe and Russia at a press conference in Moscow.

  • Cyprus: No Russia Funding Deal

    CNBC's Michelle Caruso-Cabrera reports the Cypriot finance minister has left Moscow without a major deal, while lawmakers now work on Plan C.

  • Former Slovenian Prime Minister Janez Jansa

    Slovenia, which is struggling to avoid a bailout, must issue a bond by June 6 to meet its financial obligations, the former Prime Minister said.

  • Credit Suisse CEO: More Tough Times Ahead for Financials

    Pay for Credit Suisse Chief Executive Brady Dougan rose by more than one third to 7.77 million Swiss francs ($8.22 million) in 2012, the Swiss bank said on Friday.

  • A woman carrying her baby withdraws money at an ATM machine in the Mediterranean city of Limassol.

    Standard & Poor's cut the sovereign long-term foreign currency credit rating on Cyprus deeper into junk status on Thursday, lowering the rating to CCC from CCC-plus.

  • A man holds a protest sign that says " no to the shutting down of banks"

    The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system.

  • Too Late For Russia To Help Cyprus?

    Douglas Rediker, Visiting Fellow at Peterson Institute for International Economics, explains why he thinks it's too late for Russia to play the role of white knight for Cyprus.

  • Turkey could challenge any move by Cyprus to speed up offshore natural gas exploration as a way of attracting investment to save its economy, Turkish officials said.

  • For Cyprus—and for Europe—the clock is ticking, with the prospect of the eastern Mediterranean island exiting the euro zone or defaulting on its debt looming ever larger. Click ahead to see how the crisis has unfolded.

  • ATM Lines Grow as Europe Sets a Deadline

    The banks are still closed in Cyprus but the ATM lines are growing, reports CNBC's Michelle Caruso-Cabrera.

  • When Going Gets Tough, Italians Get Going

    Riccardo Monti, president of Italian Trade Promotion Agency, tells CNBC that as Italians traditionally do best in the most difficult situation, he expects Italy to form a government in the near future.

  • UK Debt Level 'Concerning': Expert

    Simon Hayes, chief UK economist at Barclays, tells CNBC that the level of UK debt is far too high, and is set to rise still further after Wednesday's budget.

  • Why Cyprus is 'Too Small to Fail'

    Ana Armstrong, CEO of Armstrong Investment Managers LLP and David Kelly, chief global strategist at JP Morgan Funds, tell CNBC why the markets are steady despite the crisis surrounding Cyprus.

  • Cyprus Searching For Plan B

    Carmen Reinhardt, Harvard Kennedy School professor, discusses the likely outcome of the financial crisis in Cyprus.

  • Euro Zone's Alarm Over Cyprus

    CNBC's Julia Chatterly speaks with Eurogroup Chairman Jeroen Dijsselbloem about the imposing capital controls to insulate the region from a possible collapse of the Cypriot economy.

  • Santell: Is Cyprus Another 'Unique & Special' Case?

    CNBC's Rick Santelli talks to Mark Grant, Southwest Securities, about why he believes there's "more than a fifty percent chance" of Cyprus leaving the euro zone, and what will happen i the ECB cuts off emergency funding to Cypriot banks.

  • More Long Lines Forming at ATMs in Cyprus

    CNBC's Michelle Caruso-Cabrera reports the Cypriot government has come up with several new proposals in an attempt to avert financial disaster.

  • Deutsche Bank, Frankfurt

    German markets watchdog Bafin is set to tell Deutsche Bank of "organizational flaws" in how it supervised its contribution to setting Libor rates, sources familiar with the investigation said.

  • ECB Ultimatum to Cyprus: Strike a Deal or Else

    The European Central Bank is ready to cut off emergency funding for the tiny island country if it doesn't reach a bailout deal by Monday. Martin Wolf, Financial Times, weighs in with the details.

  • Global Markets: European Markets Open Lower

    CNBC's Kelly Evans reports data from Germany showed a slowing of business activity in March, sending the euro lower against the dollar on the news.