Economic Regions The European Union

  • European Markets Extend Gains

    CNBC's Kelly Evans reports on Europe's stocks, bonds and investor hopes ahead of Wednesday's summit with European Union leaders.

  • Oscar Wilde

    The odds are rising of a Greek exit from the euro - but what happens next is another question.

  • The Greek national flag is seen flying above the parliament building on Syntagma Square in Athens, Greece, on Thursday, Feb. 16, 2012.

    Christine Lagarde, managing director of the International Monetary Fund, vowed that the organization, which is part-funding Greece’s bailout, will “never leave the table” with its new government.

  • OECD Sees Europe's Crisis Hurting World Economy

    "The problems in the euro zone are now affecting the mood, in Asia, the United States, Japan and elsewhere," says Angel Gurria, OECD Secretary-General, discussing the outlook on the euro zone's economic recovery and the impact of Greek debt on global markets.

  • Market uptick

    The markets have been oversold amid intense pessimism and a relief rally will be on its way within the next month, David Murrin, chief investment officer at alternative investment firm Emergent Asset Management, told CNBC’s “Worldwide Exchange”.

  • Government spending cuts in developed countries are hurting job creation and exacerbating global youth unemployment, which remains close to the peak hit during the 2009 crisis, the International Labour Organization said on Tuesday.

  • A man holds a placard bearing the Greek flag.

    The Greek electorate has already bloodied the nose of its centrist parties, and now the number of undecided voters could help determine whether it remains in the euro zone.

  • Gold coins and bar

    Gold, used an alternative to the U.S. dollar by investors in search of safety, could see a move higher once markets have greater clarity on a resolution to the Greek debt crisis, Marcus Grubb, managing director of investment at the World Gold Council, told CNBC on Monday.

  • A Petroleos Mexicanos (PEMEX) oil rig near the shores of the state of Campeche, Mexico.

    Oil prices are set to extend declines as uncertainty persists over the euro zone's future, growth slows in China and the dollar rises. But international talks in Baghdad scheduled on Wednesday around Iran's nuclear program may contain losses if the country's leadership resists pressure to curb uranium enrichment, CNBC's weekly survey showed.

  • 1040_tax_return_check_200.jpg

    The Institute of Directors has endorsed a radical proposal that recommends replacing part of the UK tax system with a single income tax rate of 30 percent and reducing the government’s share of the national economy to one-third, the Financial Times reports.

  • World in Hand

    The weekend’s summit of leaders from the G8, representing eight of the world’s largest economies, appeared to mark a policy shift away from austerity measures and toward stimulating economic growth – but that could be misleading.

  • Euro coins in hand

    "If the currency is not going to exist, it shouldn't be at $1.27," one strategist said, referring to the euro's exchange rate versus the U.S. dollar.

  • Obama Turns Up Heat on Euro

    The European debt crisis will be the main course at Camp David tonight as G-8 leaders gather, with CNBC's John Harwood; Don Luskin, CNBC contributor; and Jack Bouroudjian, Bull and Bear Partners CEO.

  • Tower Bridge and City of London financial district

    Europe is scary right now, no question. Here's how one strategist plans to take shelter from the storm.

  • The Parthenon in Greece

    It is increasingly conceivable that Greece may leave the euro zone, not just because of its own political dysfunction but also because the consequences of such an exit for the rest of the Europe and the global economy no longer seem quite so scary. The New York Times reports

  • trap_with_money_200.jpg

    How much interest would you want back if you lent to huge amounts of money to someone on an unsecured basis, and if that person had unaudited accounts and a history of playing dirty when the chips are down?

  • London Stock Exchange

    The euro zone is facing its darkest hour but will emerge more competitive than in the past, the chief executive of the London Stock Exchange told CNBC on Friday, though he noted that smaller businesses are very important to Europe’s recovery.

  • Fitch Downgrades Greece on Euro Exit Risk

    "Greece has its back against the wall with nowhere to go. Austerity is too hard to be socially acceptable," Domenico Crapanzano, head of European rates sales and trading at Jefferies, told CNBC.

  • Greece

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