A cloud of uncertainty has been lifted as Greece’s lenders agree on new debt targets, paving the way for the country to receive another tranche of aid, but one expert says Greece needs growth.
Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat.
Laura Fitzsimmons, VP, Futures & Options, JPMorgan Investment Bank says that many investors have "closed shop" for the year as the risk heading into January over the fiscal cliff is too uncertain.
Laura Fitzsimmons, VP, Futures & Options, JPMorgan Investment Bank says that no politician wants to be held responsible for driving the U.S. into a recession and that there will be signs of intent to solve the fiscal cliff.
Charles Dallara, Managing Director, Institute of International Finance says that no amount of disbursement will help Greece, if economy remains stagnant.
Michael Gayed, Chief Investment Strategist, Pension Partners says that dividend plays could bring better returns compared to U.S. Treasuries.
Though the crisis in Europe has been pushed aside in recent months, the new year is likely to bring new concerns that more countries are in line for debt defaults.
Catalan's independence vote could come sooner than you think. That may be bad news for the euro's survival.
The euro zone may be in recession but the region’s efforts to repair budgets, cut labor costs and improve competitiveness is signaling a more dynamic future for its economy, according to a report commissioned by a European think tank The Lisbon Council and Germany-based Berenberg Bank.
CNBC's Ross Westgate reports on all the market moving events from Europe, including
As international creditors to Athens prepare to meet on Monday, one German newspaper says policymakers are considering a haircut on Greek debt to make it more sustainable.
Some of Barclays’ biggest investors have urged Antony Jenkins, the bank’s new chief executive, to take an axe to its investment bank. The FT reports.
EU finance ministers must urgently dispel doubts over their “political will” to create a single bank supervisor so talks do not drag on and upset “fragile markets”, the official spearheading the reforms has warned. The FT reports.
Breaking up is hard to do. However, tough economic times appear to be encouraging people to try. Catalans are trying to break up with Spain. Scots want to ditch England. And the British are trying to leave the EU. The Globalpost reports.
As the euro zone debt crisis weighs on the German “strong man of Europe”, Germany’s slowdown puts Eastern Europe’s growth at risk too, analysts told CNBC.
Here’s why the answer might be neither. The Globalpost reports.
Uwe Parpart, Managing Director, Head of Research, Reorient Financial Markets says that bringing Greek debt down to 120% of GDP by 2020 or even by 2022 cannot be achieved under present circumstances.
The dispute over the EU's long-term budget risks pushing Britain further toward an exit from the union it joined 39 years ago, further weakening the bloc as it struggles with recession and a debt crisis. The Globalpost reports.
The euro has rallied against the Australian dollar, but this pro says it can't last.
Despite the European Union budget struggles, this pro sees the euro hitting $1.35 by year end.