Economic Regions The European Union

  • The former Greek Prime Minister, George Papandreou

    The "drama" in Greece has to end for the sake of Greece itself and the euro zone, George Papandreou, former Prime Minister of the country, told CNBC Monday.

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    The euro's upward move on the outcome of the Greek election was short lived, to say the least. Time to look elsewhere for a trade.

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

    The likelihood of Greece exiting the euro zone over the next 12 to 18 months remains between 50 and 75 percent even after pro-bailout parties that plan to stick to European Union-imposed austerity won a victory in Sunday's elections, analysts at Citigroup Global Markets, the brokerage and securities arm of Citigroup, said on Monday.

  • Greek and EU Flags

    Greece's current chapter offers us a valuable lesson into the impact of democracy in action, writes Robert Diamond of Fernbrook Partners. What are the other lessons learned?

  • Will the EU Take Bold Action?

    CNBC's Steve Liesman and Rick Santelli, discuss the impact of the Greek elections on global markets, the euro and Spanish bonds, with Austan Goolsbee, Booth School of Business professor.

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    The euro gives back gains as post-election euphoria fades, and risk-on currencies follow — it's time for your FX Fix.

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    Spiraling unemployment, biting austerity measures and political uncertainty have led to an upsurge in Greeks quitting the country for sunnier economic climes.

  • Denmark

    The head of Denmark’s central bank has warned that the Danish krone is coming under intense pressure from investors seeking a haven in Europe and betting that the currency’s peg to the euro could be cracked by the crisis. The FT reports.

  • The pro-bailout conservative party won Greece's cliffhanger euro election today against the anti-austerity Syriza.

    Risk assets rallied in early Asian trade after Greece's pro-bailout New Democracy Party won the most number of votes in elections on Sunday, helping to ease concerns the country would leave the euro zone.

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    Wilbur Ross, the billionaire investor and Chairman of private equity firm, WL Ross & Co., says the real question facing Greece is what policies the new government will implement after the pro-bailout New Democracy party won the most votes in Sunday’s vote.

  • G20 Meeting Preview

    Ian Bremmer, President at Eurasia Group says to expect more conversations between major central banks at the G20 meeting.

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    Antonis Samaras, the leader of the New Democracy party which won the most votes in Sunday’s election, told CNBC that investors should be reassured by his parties victory over radical leftist Syriza party.

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    New Democracy may have won the largest share of the vote in the Greek elections which have held markets in thrall for weeks — but leader Antonis Samaras is unlikely to be cracking open the ouzo quite yet.

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    Recent weeks have seen the rhetoric from both sides of the Greek tragedy ramped up with naysayers claiming the days of the Hellenic Republic’s membership of the euro zone are numbered, and others insisting the bloc will stay intact come what may.

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    The estimated 1.4 billion euros ($1.8 billion) spent on bribes by Greeks last year wouldn’t pay off its bailout debts, but it might give its people more spare cash to deal with belt-tightening elsewhere.

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

    Ready for the Greek election this Sunday? Here are the currencies to watch.

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    To "Mad Money" host Jim Cramer, the Greek elections will only bode well for the markets.

  • Hillside Vineyard, Samos, Greece.

    Amid Greece's economic woes, there is some good news: importers and top sommeliers are becoming more interested in the increasing quality (and rising prices) of Greek wines.

  • Greece

    To put it simply, Greece's financial woes have been brewing for decades as the Greeks consistently voted in representatives across the political spectrum who promised the people more than the economy could deliver.

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    The very existence of deposits in Greek banks is a mystery to many outside observers. Why on earth would anyone—including Greeks—still have money in a bank located in Greece?