Economic Regions The European Union


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    A slowdown in Germany could make politicians there even more averse to a bailout for the neighbors, this strategist says.

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    'Super Mario' is in the spotlight and the Swiss economy is shrinking - it's time for your FX Fix.

  • Another day, and another EU official talks up the future of the euro zone and its besieged currency. On Monday EU Monetary Affairs Commissioner Olli Rehn used a speech to lawmakers to outline his vision for a monetary union 2.0. Outlining plans to put the supervision of the European banking system in the hands of the European Central Bank, Rehn said even Europe’s smaller banks needed to be monitored by officials in Frankfurt.

  • The euro zone will stay intact even if a vulnerable country ends up leaving the currency bloc, Luxembourg’s Finance Minister told CNBC.

  • Spain

    Many who worry that Spain’s economic tailspin could eventually force the country’s withdrawal from the euro and a return to its former currency, the peseta. That direct outcome is still considered a long shot, even if Spain might eventually require a Greek-style bailout. But there is no doubt that many of those in a position to do so are taking their money — and in some cases themselves — out of Spain. The NYT Reports.

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    Interest rates paid by companies in the eurozone’s weaker economies have surged, highlighting the bloc’s fragmentation as the European Central Bank loses control of borrowing costs. The FT reports.

  • The debate about a Greek Euro exit continues to make headlines in Germany.

  • Fresenius pulled the plug on plans to take over Rhoen-Klinikum, discouraged by healthcare industry investors who had sought to prevent the emergence of a dominant private-sector hospitals operator in Germany.

  • Benchmark oil prices will likely extend gains this week after Fed Chief Ben Bernanke kept stimulus in play at his speech in Jackson Hole and as the industry assesses the damage in the Gulf of Mexico after tropical storm Isaac forced the closure of almost all offshore oil production.

  • A European Union flag, left, hangs beside a Greek national flag beneath the Parthenon temple on Acropolis hill in Athens, Greece.

    Only a quarter of Germans think Greece should stay in the eurozone or get more help from other countries in the currency union, a Financial Times/Harris poll has found.

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    Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone. The NYT Reports.

  • Greece is committed to meeting the terms of its bailout program and remaining in the euro zone, International Monetary Fund First Deputy Manager David Lipton told CNBC on Friday.

  • The powers of the European Central Bank (ECB) over individual banks are set for expansion under plans set to be announced on September 12 by European Commission President José Manuel Barroso – but the question of how much will be another thorny political issue for the region.

  • Since March 2009, when European indices sunk to the lowest in over a decade, continued volatility has meant many investors have been underweight equities. But a turnaround may be on the horizon for European stocks, according to some strategists, who say new policies in Europe could boost equities.

  • Luxury goods firms in Europe reported booming retail sales in Europe, Asia and emerging markets on Friday bucking the downturn seen in other retail sectors.

  • A rumor that Bundesbank President Jens Weidmann, one of the most strident holdouts against a potential European Central Bank (ECB) bond-buying plan, might resign swept through European markets on Friday.

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    The European Central Bank would be given sweeping authority over all 6,000 eurozone banks under a plan being drawn up by the European Commission, putting Brussels on a collision course with Germany and the ECB itself, which have urged a more decentralised first step towards “banking union”, the Financial Times Reports.

  • The chief executive of Japanese technology giant Sony promised an “aggressive,” product-focused turnaround in an interview with CNBC.

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    Draghi's comments lift the euro and Spain and the EU make a deal - it's time for your FX Fix.

  • European Central Bank President Mario Draghi testifies before the European Parliament's economic affairs committee in his role as the head of the European Systemic Risk Board on May 31, 2012 in Brussels.

    This month, Mr. Draghi stared down bearish international traders who were convinced that Europe’s common currency project would collapse. The NYT Reports.