×

Economic Regions The European Union

  • Cypriots line up at a Laiki Bank ATM to withdraw their money.

    Cyprus is expected to take some dramatic measures this weekend to secure an EU bailout, including approving some type of tax on big savers.

  • The Chancellor is under pressure after the UK lost its AAA credit rating last month and the lack of growth in the economy, is predicted to reveal plans to continue with his austerity strategy to cut the UK's deficit.

    Fitch ratings agency warns that they may cut the UK's AAA credit rating due to the country's deep economic problems.

  • Cyprus' lawmakers geared up to vote on a series of bills put forward in a renewed effort to strike a bailout deal with European partners on Friday after talks with Russia collapsed.

  • European Markets Close: Bond Rally

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the latest in Cyprus, and a rally in European bond markets.

  • Markets are 'Over-Exuberant': Expert

    Ronnie Chopra, head of strategy at Tradenext, tells CNBC that investors should be careful as the market gets carried away on a wave of positive news from the U.S. and ignores potentially dangerous European problems.

  • With Europe locked in a multi-billion-dollar game of chicken with Cyprus, markets Friday were watching closely to see which side would blink first.

  • Why Slovenia Isn't the New Cyprus

    Peter Attard Montalto, emerging market economist at Nomura International, tells CNBC that Slovenia's fiscal situation is quite different to Cyprus, despite the fact it may too be forced to ask for a bailout.

  • National Bank to Get 'Tremendous Power': CEO

    Takis Phidias, acting CEO of Laiki Bank, tells CNBC that the proposed Cypriot resolution will hand 'tremendous powers' to the national bank in an attempt to deal with the country's huge financial problems.

  • It's 2010 All Over Again: Expert

    Simon Derrick, chief currency strategist at BNY Mellon, tells CNBC that the market's steady response to Cyprus is reminiscent of its movement as the first Greek crisis loomed large in 2010.

  • Cyprus Looks For a Deal

    Cypriot leaders are scrambling to make a deal with the European Union, reports CNBC's Michelle Caruso-Cabrera.

  • Crunch Time For Cyprus

    What's the next step for the island nations and how should investors prepare for it? Julian Callow, Barclays chief international economist, weighs in.

  • Cypriot Parliament in Emergency Talks

    CNBC's Michelle Caruso-Cabrera reports lawmakers in Cyprus are working on a bailout plan after the country's finance minister failed to secure a funding deal from Russia.

  • Banking System in Cyprus 'Artificial': Ross

    CNBC's Michelle Caruso-Cabrera has the update on the financial crisis in Cyprus. And Wilbur Ross, WL Ross & Co. chairman & CEO, explains how overexposure to Greece helped create banking problems in Cyprus.

  • Cypriot Parliament Debates Bailout Bill

    CNBC's Michelle Caruso-Cabrera has the latest details on bailout talks in Cyprus. And, Gillian Tett, Financial Times columnist, explains how a growing rift between the European Union and Russia is keeping investors on edge around the globe.

  • Cyprus Update: ECB Threatens to Withdraw Emergency Funding

    CNBC's Karen Tso reports European markets are trading lower on Friday, as talks collapse between Russia and Cyprus.

  • 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.