Economic Regions The European Union

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    What is to be done? To find an answer, listen to the markets. They are saying: borrow and spend, please. Yet those who profess faith in the magic of the markets are most determined to ignore the cry. The fiscal skies are falling, they insist, according to the FT.

  • As the 10-year Treasury yield hit its the lowest level in 60 years, Robert Doll, BlackRock's chief equity strategist, said investors who are piling into Treasurys rather than investing in equities are using "ludicrously conservative assumptions."

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    While a recent report showed that U.S. financial companies have nearly $200 billion in net exposure to Greece, Ireland, and Portugal, the amount is "manageable," according to a letter Fed Chairman Ben Bernanke wrote to members of Congress.

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    Debt-crippled Greece's borrowing costs reached a new record high Tuesday on fears about the country's austerity program, a new blow as Prime Minister George Papandreou chaired a cabinet meeting aimed at finding ways to speed up delayed structural reforms.

  • Given the Swiss National Bank's pegging or linking their currency to the EUR at 1.2000 (+10% from spot), the market is now starting to believe there is a possibility that the Bank of Japan will do something similar with the Japanese yen.

  • Civil War in Europe?

    Gary Kaminsky looks at the financials, and Stephane Deo, UBS, shares his thoughts on why the Euro should not exist in its current form, with Stephane Deo, UBS.

  • European Central Bank

    As leaders in Europe try to contain a deepening financial crisis, they are also increasingly talking about making fundamental changes to the way their 17-nation economic union works. The NYT reports.

  • The Swiss National Bank strikes back and European officials talk togetherness - it's time for your FX Fix.

  • Piazza Venezia, Rome, Italy

    Italy has been allowed to backtrack because the European Central Bank bought Italian bonds before an austerity package had been agreed, Nick Firoozye, head of European rates strategy at Nomura told CNBC Tuesday.

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    The cost to Germany of leaving the euro could reach €8,000 for each adult and child in the country and spell disaster for the global economy, according to economists at UBS.

  • SNB Exchange Rate Target

    Speaking of the SNB's decision to peg the Swiss Franc to the Euro, Julia Coronado, North America chief economist at BNP Paribas, told CNBC, "There are a lot of tensions in the currency world right now, and as we have seen, it is not always easy to effectively have control over that."

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    Europe is on the verge of recession and the US is already in a growth recession – an expression used by economists to show that growth is so slow that more jobs are lost than added, a strategist told CNBC Monday.

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    The exit of any of the countries in the euro region from the single currency would cause "complete chaos" in that country and is "almost inconceivable", Erik Nielsen, global chief economist at UniCredit, told CNBC Tuesday as the euro zone debt crisis continued to loom over European markets.

  • Three laboratory technicians using microscope

    Singapore’s economy could get a shock if the U.S. falls into recession, warned both ratings agency Fitch and investment bank, Daiwa Capital Markets.

  • Recession-themed newsprint cuttings

    Sometimes a summer vacation can set you up for the autumn, allowing you some-hard earned rest to recharge the batteries before returning to the office, light of heart and confident about the prospects for the rest of the year.

  • World Bank President Robert Zoellick addresses the media during a press conference following his meeting with Chinese Premier Wen Jiabao on September 2, 2009 in Beijing, China.

    The current liquidity support measures being used by the European Union to stem the region's banking and sovereign debt crisis won't be enough, World Bank President Robert Zoellick told CNBC in an interview on Tuesday.

  • Europe's Effect on the U.S.

    Why what goes on in European economies has such an impact on the U.S. markets, with CNBC's Michelle Caruso-Cabrera. And a trader triple play, with Eric Wilkinson, independent trader; Boris Schlossberg, GFT Forex; and Bill O'Neill, Logic Advisors, on gold. And can the EuroZone be saved, with Tony Nash, Economist Intelligence Unit, and CNBC's Simon Hobbs.

  • Close-up of a pen on stock price chart

    European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.

  • Big Ben

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  • EU building flags brussels

    The man who ran Germany when the euro began trading has an idea to save the euro zone: the creation of a "United States of Europe."