Economic Regions The European Union

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    Despite the laundry list of troubles—and constant predications of an American decline— many analysts say the U.S. is far from losing its ranking as the number one economy on the globe.

  • Frederic Oudea

    Societe Generale CEO Frederic Oudea once again dismissed rumors about his bank's solvency, saying exposure to the sovereign debt of Europe's troubled nations is limited.

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    Global financial markets continue to be roiled by the complex and alarming newsflow surrounding the European debt crisis. But the trading strategy for the upcoming votes on the bailout is straightforward.

  • Goldman, Greece and the Euro

    Goldman Sachs breaks the $100 level, with Rob Cox, Reuters Breaking Views, and a look at the deteriorating debt crisis in Greece, with Dennis Gartman, The Gartman Letter founder.

  • Finland

    As the euro zone enters the most dangerous phase of its debt crisis, bailout patience is eroding in the fiscally responsible tier of the zone. While Brussels wonders whether the Finns have become Euro-skeptic, the reality is the reverse. Europeans are turning into Finns.

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    Greece's problems are scaring everybody in the euro zone,  but the Bulgarians still want in - it's time for your FX Fix.

  • Europe Sparks Market Fears

    The European contagion is still causing market fears. Insight on today's trading session, with Jim Rickards, Tangent Capital Partners senior managing director and Bob Iaccino, Traderoutlook.com.

  • The cost of insuring Italian debt against default rose to a record high on Monday one day before a key bond sale, while Greek credit default swaps also hit historic highs on growing worries that the country may go bankrupt.

  • Map of Europe

    Carl Weinberg, the chief economist at High Frequency Economics is very worried about Europe. His central forecast is that the debt crisis will lead Europe into a depression that will mean soaring unemployment, deflation and zero interest rates for the foreseeable future.

  • Outgoing European Central Bank’s executive board member Juergen Stark

    It has been another dramatic weekend in the euro zone. On Friday, Germany’s representative on the European Central Bank's governing council, Juergen Stark, resigned in protest at the bank's decision to buy Italian and Spanish bonds. He will be replaced by German deputy finance minister Joerg Asmussen.

  • Tokyo Exchange

    Major Asian stock markets dropped between 2 and 3 percent on Monday after the resignation of European Central Bank’s de facto chief economist Juergen Stark heightened uncertainty for investors. A number of analysts and investors told CNBC they forecast a further global selloff given a lack of clear policy solutions from Europe.

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    Greece is unable to repay its debts, according to Richard Bove, banking analyst at Rochdale Securities, and given that the euro zone banking system has yet to mark sovereign debt holdings to market, many banks will be forced to raise new capital.

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    Britain’s banks will face an annual bill of as much as £6 billion ($9.5 billion) to comply with the reforms of the Vickers Commission, according to the panel’s final report, published on Monday. The FT reports.

  • ECB Confirms Stark's Resignation

    CNBC's Steve Liesman and Silvia Wadhwa have the details on ECB board member Juergen Stark's resignation and reaction from the ECB.

  • French finance minister Christine Lagarde is seen as a front-runner to succeed Strauss-Kahn.

    Christine Lagarde, the managing director of the International Monetary Fund, warned that the global economy is entering a "dangerous new phase" on Friday, ahead of the G7 summit in Marseilles, France.

  • Yahoo shares surged Thursday after an activist investment hedge fund announced it had purchased a stake in the company and amid rumors that Yahoo's co-founder may be trying to buy back the company.

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    So far the Greeks' implementation has been anything but impeccable. The end will probably come towards the end of the year, writes CNBC's Guy Johnson.

  • Tower Bridge and City of London financial district

    The United Kingdom should lose its AAA credit rating and be cut by four notches to A+, according to analysts at Danske Bank in Copenhagen.

  • Tower Bridge and City of London financial district

    The United Kingdom should lose its AAA credit rating and be cut by four notches to A+, according to analysts at Danske Bank in Copenhagen.

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    The clouds of gloom hanging over the US, Europe and Japan darkened Thursday with stark outlooks from both influential investment bank Goldman Sachs and the Organisation of Economic Co-Operation and Development (OECD).