CNBC's Simon Hobbs reports on all the market moving events in Europe today, including top gainers in the European market.» Read More
Britain's economy is unlikely to grow as fast as before the financial crisis because its most productive sectors have been hardest hit, jeopardising government plans to cut the deficit, reports the FT.
Rumor in the market today is that another 60 billion Euros will be flowing to Greece from the EU or the IMF, or maybe both. It really should come from the IMF in my mind since they are the yahoo's that predicted long term interest costs for Greece would be 5.6% in 2012. While there is always a chance for a miracle, long term Greek bonds are at an almost 16% yield. So if Greece is to get money, it'll have to come from the EU or the IMF.
Germany and the rest of Europe will loan Athens more money to keep Greece servicing its debt and prevent writedowns by European governments and banks on loans they've already made to Greece.
The euro has dropped more than 5% against the dollar in a matter of days. But this strategist says it won't last.
Rumor time for the euro, good times for commodity currencies. Time for your daily FX Fix.
CNBC's Simon Hobbs has the story on what the Greeks owe that makes the rest of Europe so scared.
The plan to deal with the euro zone debt crisis and avoid restructuring before 2013 is failing, Willem H. Buiter, Chief Economist at Citi Investment Research and Analysis said on Tuesday.
Europe should help countries that are in trouble but these countries need to show that they are tackling their deficit problems themselves, like Britain has done, UK Chancellor of the Exchequer George Osborne told CNBC in an interview Tuesday.
Greece on Tuesday denied a Dow Jones report that it expects a new aid package of nearly 60 billion euros ($85.71 billion) to deal with its debt crisis.
As far as Europe’s real economy is concerned, the problems on the periphery are just that, peripheral, according to Credit Suisse’s Robert Barrie.
Last week spelt the end of the inflation story and this is a reason to be bullish. That is the view of UK-based Michael Browne, a fund manager at Martin Currie.
Discussing changes in Greece's bailout program, and European economic outlook and investment opportunities, with David Marcus, Evermore Global Advisors and CNBC's Steve Liesman.
On May 4, I recommended shorting the euro against the British pound. Here's an update.
Weighing in on S&P lowering its rating on Greek debt today and what it means for investors, with Sean Egan, Egan Jones Ratings Company
Probably the most important thing you can read today is the op-ed by Timo Soini, the leader of the True Finn party, in the European edition of the Wall Street Journal.
Speculation over the weekend that Greece could leave the euro zone was “utterly unrealistic" and would be a “catastrophe” for the country and for the wider European Union, Yiannos Papantoniou, former Greek finance minister and president of the Centre for Progressive Policy Studies told CNBC on Monday.
The boss of the French banking giant has told CNBC that the European banking sector could absorb a restructuring of Greek debt, whatever form it took.
Jean Claude Trichet says the European Central Bank wants to remain flexible. Let us hope his flock of hawks and doves means this, because the next few months are going to be a bumpy ride.
Following a very volatile week for commodities and a weekend of speculation on Greek restructuring, investors are questioning if the risk-off trade is now dominating.
In recent months the euro has ignored a wall of worry about the health of three of its members and moved higher against the dollar, but this is no longer the case according to Jens Nordvig, global head of G-10 currency strategy at Nomura.