Economic Regions The European Union

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  • Greece

    If Greece goes: An exit is likely to shatter faith in the eurozone’s integrity for ever. The Financial Times reports.

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    Senior U.S. officials say President Obama will use his time with G8 leaders at Camp David this weekend to urge Europe to use the tools it has created to handle its financial crisis and to use them aggressively.

  • The Parthenon, illuminated at night, sits at the top of Acropolis hill in Athens, Greece, on Monday, Feb. 13, 2012.

    National Bank of Greece, the oldest Greek commercial bank, saw its financial condition so damaged by the crisis that it was operating with negative shareholder equity at the end of 2011.

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    Based on past bouts of big market swings, the dollar could get a meaningful lift if volatility rises. 

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    The Greek tragedy weighs on the euro, but Japan's GDP lifts the yen - it's time for your FX Fix.

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    A growth compact to sit alongside the existing fiscal compact is a certainty for the euro zone as it battles the flames of discontent fanned by the harsh austerity measures implemented in struggling economies, one expert told CNBC Thursday.

  • European Central Bank

    The European Central Bank has reacted to uncertainty over Greece’s future in the eurozone by excluding four of the country’s banks from its regular liquidity providing operations.

  • Businessman with crystal ball

    Wondering if today's bounce in the euro is an aberration? This strategist has an answer.

  • EU: Breaking Up is Hard to Do

    Daniel Stecich, TJM Institutional Services and CNBC's Rick Santelli discuss the ECB and credit risk, and Greek recapitalization.

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    Austerity is imposing intolerable unemployment and political chaos in Greece, and won’t permit it to repay its debts. Athens must abandon the euro and reintroduce the drachma.

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    Euro Slips, Pound Trips, Asian Central Banks Intervene — it's time for your FX Fix.

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    A senior executive at a Greek bank says the pace of withdrawals has slowed further on Wednesday, after a large spike on Monday. Late Tuesday, data inadvertently revealed by the country's president showed 700 million euros ($889.7 billion) worth of withdrawals on Monday alone.

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    “Very little of the bail-out money so far has gone to the Greeks. It has all gone to the bankers,” one analyst tells CNBC.

  • The Parthenon in Greece

    A Greek exit from the euro zone would not make things better for the stricken country or for Europe, Thomas Mirow, the president of the European Bank for Reconstruction and Development (EBRD), told CNBC.com in an interview.

  • The Parthenon in Greece

    When Greece announced on Tuesday that it had made a €436 million bond payment to the hold-out investors who rejected the country's historic debt revamping deal in March, the decision came as no surprise, the New York Times reports.

  • Breaking News: Transcript From Greek Meeting

    CNBC's Michelle Caruso-Cabrera reports that a transcript from a Greek meeting shows deposits have left the banking system.

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    The risks of a Greek exit from the euro zone could include a spiral downward for the bloc that will include financial turmoil spreading to the rest of the euro zone’s peripheral economies, the chief investment officer of Citi Private Bank said on Tuesday.

  • European Bank Note

    Euro zone finance ministers are calling talk of a Greek exit from the euro zone simply “propaganda,” even as the market awaits news on whether Greek politicians can agree to form a new government and meet its commitments to the European Union and International Monetary Fund.

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    Oil prices could possibly test $90 a barrel, after U.S. employment data missed forecasts and election results in France and Greece  showed voters rejecting German-led austerity measures, CNBC's weekly survey of market sentiment showed.

  • Still Political Risk With Greece?

    Amelia Bourdeau, Westpac Institutional director of foreign exchange, offers her view on the euro ahead of the euro zone's Q1 GDP data tomorrow. "There will be continued headlines about the Greek risk," she adds.