CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the European Central Bank lowering growth and inflation estimates.» Read More
Portugal and Spain provide as good as an example as The Netherlands. In both countries, the drug is illegal, but you'd never know it based on some quirky technicalities. The general trend is about prevention, not punishment.
The sell-off in oil has intensified as much of Europe is still paralyzed by air travel disruptions caused the the volcanic ash cloud hovering above parts of the continent.
Distortions in the global economy that provided the backdrop to the financial crisis threaten to widen again and upset the world-wide recovery, the European Central Bank has warned.
Greece easily sold a bunch of short term bills Tuesday morning with demand far exceeding the supply. An originally planned sale of 1.2 billion Euros in 6 and 12 month bills was expanded to 1.56 billion Euros. The yields were so high, however, as to be painful.
Big brother and big sister came to the rescue—sort of—and said they would throw in 60 billion of Euros—maybe—if Greece needed it. If they need it?
Over the weekend, the EU and IMF announced a support package for Greece that appeared initially to mollify German constitutional concerns.
The next 24 hours will be critical for Greece and its economy. After news over the weekend that the euro zone put together a rescue package, Athens will now test the markets reaction.
1st paragraph of story should go here
Scores of Carlsberg workers walked off their jobs in protest Thursday after the Danish brewer tightened laid-back rules on workplace drinking and removed beer coolers from work sites, a company spokesman said.
Attempts to rescue Greece are simply making matters worse and the quicker the crisis comes, the better for the world.
Growing soverign debt speculation has renewed anxiousness about Greece's financial footing as borrowing costs sharply increase.
Today, the Euro came under pressure with after a series of stories have emerged over the last 24 hours on the details for a Greek bailout.
A new UK government should make dealing with the budget deficit and cutting spending its main priority immediately after the election, a CNBC survey of 300 business leaders showed Tuesday.
Credit default swaps (CDS) will be looked at closely to ensure transparency but they aren't necessarily going to be banned, EU Financial markets commissioner Michel Barnier told CNBC.
The talk around the deal agreed by EU leaders to support Greece in case it needs more liquidity hurt the country more than it helped, Petros Christodoulou, director general of Greece's Public Debt Management Agency, told CNBC.
Of all the regions in the world, Bhaskar Laxminarayan, chief investment officer at Pictet Asia, told CNBC he has the least confidence in Europe right now and warned that there could be more negative surprises coming out of the region.
If EU nations want to sustain a currency union with Germany, they have to implement economic and budgetary changes that bring their performance into alignment with Germany, according to Marc Ostwald, strategist at Monument Securities.
European Central Bank Governing Council member Axel Weber said current interest rate levels are appropriate, signaling that the central bank will stick to low rates for some time, the Nikkei newspaper reported on Sunday.
The Times and The Sunday Times newspapers will begin charging for Internet access to content in June, offering subscriptions at 1 pound ($1.48) a day or 2 pounds a week, News International announced Friday.
If Greece believes the easiest way out of its financial crisis would be with the help of the International Monetary Fund instead of its European neighbors, it could be in for an unpleasant surprise.