European Commission President Jose Manuel Barroso called for more European integration to help tackle the euro zone debt crisis in his State of the Union speech on Wednesday through the creation of a “federation of nation states”.
Last week’s decision by the European Central Bank to make unlimited purchases of government bonds in secondary markets was both necessary and bold. Mario Draghi, the ECB’s president, deserves credit for having obtained agreement for this controversial step, against the sole, albeit significant, opposition of Jens Weidmann, president of Germany’s redoubtable Bundesbank. It is a pity that the ECB did not do this before the crisis in sovereign debt reached Spain and Italy. Yet this delay is not surprising: eurozone policy makers have, perhaps inevitably, done too little, too late.The FT reports.
Greece can still offer business opportunities for the savvy and creative entrepreneur, according to a new enterprise helping start-up businesses in Greece conquer the home market, and beyond.
Creeping inflation could be the next big swing factor in equity markets, particularly if central banks continue to inject more liquidity into the markets, a number of economists and strategists have warned.
Spanish Prime Minister Mariano Rajoy said on Monday he expected the European Union to set reasonable conditions for Spain if the country sought a bailout, saying he should not be told exactly where to trim public spending and would not cut pensions.
Investors should be looking at European stocks for value and returns despite the higher risk associated with the region and overlook U.S. stocks, according to Peter Toogood, Director of Investment at Old Broad Street Research.
David Kotok, Chairman and Chief Investment Officer, Cumberland Advisors says the ECB agreed to buy season bonds because when the ESM kicks in all bonds will be issued with the same collective action clauses in the Euro Zone.
Lower rates don’t make that much difference anymore, and in between bouts of market volatility, investors can actually get back to stock picking, Dinakar Singh, founder and CEO of TPG-Axon Capital, told CNBC’s “Squawk Box” on Monday.
Dinakar Singh, TPG-Axon Capital CEO, discusses the best way to play the health care space.
Dinakar Singh, TPG-Axon Capital CEO, discusses the best way to trade financials after the banking crisis.
The 2013 general elections in Italy will allow for the government’s so-called “Monti approach” to continue, the Italian minister of economic development Corrado Passera, told CNBC in an exclusive interview.
A “terrible price” will be paid for the euro zone crisis eventually, whether the European Central Bank (ECB) embarks on mass bond purchases or not, Jim Rogers, investor and co-founder of the Quantum Fund with George Soros, told CNBC Monday.
Europe’s big banks could be forced to ringfence trading assets under a plan emerging as the consensus recommendation of an EU-wide review of the structure of banking, the FT reports.
George Soros has issued a passionate plea to the German government to lead the eurozone out of recession by boosting growth, creating a joint fiscal authority and guaranteeing common bonds, or itself leave the currency union to save the future of Europe. The FT reports.
CNBC's Maria Bartiromo talks to Italian Prime Minister Mario Monti about the Italian economic situation and whether Italy will see an upturn in its economy and stay on a disciplined fiscal course.
Germany must break its reliance on exporting to the rest of Europe if it is to thrive despite the world economic slowdown, Pimco Managing Director Andrew Bosomworth told CNBC.com.
Ireland has emerged as a poster boy for austerity within the euro zone, and the country’s Tanaiste (Deputy Prime Minister) told CNBC that the secret is determination from its people and quick decision-making.
Thursday was a big day for the euro. European Central Bank (ECB) president Mario Draghi unveiled a plan that could see the central bank buying up unlimited amounts of bonds in a move he believes makes the euro irreversible and will draw a line under the euro zone debt crisis. Markets reacted positively to the news, but as always with the euro zone debt crisis, there is a snag.
The European Central Bank's bond buying program has been received with skepticism by the Bundesbank and the German press, but Chairmen of two major banks have come out to back Draghi's latest plan.
European markets may have breathed a sigh of relief on Thursday after the European Central Bank announced its new unlimited bond-buying program, but some economists have said that it won’t help Greece get out of its “debt trap.” Indeed, one economist told CNBC that Greeks fear that in the process of “saving” the euro zone Greece itself will be sacrificed.