Economic Regions The European Union

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  • Bernanke Testifies to Congress on U.S. Monetary Policy

    Fears over the continuing European sovereign debt crisis and weaker than expected economic data from the US helped to push the price of US Treasurys up and take yields to a six month low on Thursday as investors looked for safety.

  • Budapest, Hungary

    Investors should not focus just on the politics in Eastern Europe but rather turn their eyes towards its underpriced commercial property markets, Holger Schmidtmayr, Board Director at Austrian real estate investment company Sparkassen Immobilien, told CNBC.com.

  • Asian investor appetite is boosting the euro and sending kiwis skyward. Time for your FX Fix.

  • BELGRADE, SERBIA - FEBRUARY 24: A Serbian Radical party supporter holds a photo of war crimes suspect Ratko Mladic at a rally in Belgrade February 24, 2006. A Serbian ultranationalist party on Thursday urged fugitive Bosnian Serb general Ratko Mladic not to surrender to the UN warcrimes court, despite mounting pressure on Belgrade to hand over one of the most wanted suspects of the Balkan wars in 1990s. (Photo by Milos Bicanski/Getty Images)

    The arrest of war criminal Ratko Mladic, alleged architect of the Srebrenica massacre in 1995, tears down one of the remaining barriers preventing Serbia joining the European Union.

  • greece_church_flag_200.jpg

    Greece may be forced out of the euro if tough austerity measures are not successful, a high-profile Greek politician said in a statement on her website.

  • Vince_Cable_200.jpg

    The UK has failed to make enough structural changes to its economic model to avoid another financial crisis, Vince Cable, the UK’s Secretary of State for Business, Innovation and Skills told the New Statesman magazine.

  • Souk Waqif at dusk Doha, Qatar.

    The Doha round of negotiations on world trade faces collapse unless world leaders can reach a final agreement to lift trade tarrifs before the end of the year, a new report by the governments of the UK, Germany, Turkey and Indonesia warned on Wednesday.

  • Trader at London Stock Exchange, England.

    A group of Canadian banks and pension funds said on Wednesday it will take its C$3.6 billion ($3.7 billion) bid for TMX Group directly to shareholders after the exchange operator rejected the bid in favor of a friendly offer from the London Stock Exchange.

  • global_markets_3_200.jpg

    The US and Japan “have yet to produce credible medium-term plans” to stabilize their debt, while other countries need to provide more clarity on how their fiscal consolidation targets will be met, according to the Organisation for Economic Cooperation and Development’s 2011 Economic Outlook, which says that risks to the global recovery remain significant.

  • fx_fix_1_200.jpg

    European debt worries go well beyond the Continent, and U.S. durable goods dent the dollar. Your FX Fix, right here.

  • dublin commuters the earl

    Ireland’s economy will take longer to recover from its current slump than from the recession of the 1980s, John Bruton, former Prime Minister of Ireland and European Union Ambassador to the US, told CNBC.com on Wednesday.

  • european_union_cracked_200.jpg

    Greece should receive another tranche of aid from the European Union to enable it to have a second chance and restructure later, according to an analyst.

  • Greece

    Greece will not have a snap election, the office of the Greek Prime Minister told CNBC Wednesday in response to market speculation that affected the euro late Tuesday.

  • european_union_200.jpg

    Belgium became the latest small European nation to come under the cloud of having its credit ratings outlook cut on Monday. As rating agencies themselves are increasingly criticized, is this the threat it once was?

  • greece_church_flag_200.jpg

    The Greek government is unsurprisingly unable to find consensus on new, even stronger austerity measures aimed meeting the terms of its bailout by the European Union and the International Monetary Fund.

  • greece_flag_cracked_200.jpg

    European leaders are pushing to impose measures that would ensure the Greek government lives up to its promise to deliver €50 billion ($70 billion) in privatization proceeds, amid skepticism that Athens can carry out the sell-offs reports the FT.

  • William H. Gross

    Private debtholders, including euro zone banks, should accept a debt extension or other form of "soft default" to alleviate the debt burden for countries such as Greece if Europe wants a solution to the sovereign debt crisis, Bill Gross, Co-CIO of PIMCO told CNBC on Tuesday.

  • President Barack Obama

    It has almost been two years since US President Barack Obama took the stage at Cairo University, reaching out to a mesmerized audience and seeking "a new beginning between the United States and Muslims around the world".

  • European Central Bank

    The best type of restructuring for investors is austerity, a type of debt default that sees a government renege on its obligations to its own people rather than bond holders according to Christian Gattiker-Ericsson, the chief strategist and head of research at Julius Baer.

  • Aerial view of a town square Bruges Belgium

    Fitch became the second ratings agency to threaten Belgium with a credit downgrade on Monday, saying a lack of government undermined budget efforts in one of the euro zone's most indebted states.