Former Italian Prime Minister Silvio Berlusconi was laughed at last year when he doubted Italy was in such bad shape and insisted that in Rome, "the restaurants are all full." It was a silly thing to say in the midst of a crisis, but there's some truth to it.
International lenders want Greece to get back on track before giving the country more time to meet the tough targets they have set it under the terms of a second bailout Greece received earlier this year, but the country’s finance minister still hopes Greece will be granted an extension to get its economy back on track.
Euro zone disappoints again and British workers are on a roll — it's time for your FX Fix.
"I think people want to see a real severing between the link between the sovereigns and the banks in Spain, so lend the Spanish banks the money and don't have the Spanish government on the hook for it, that would be helpful in Europe," says Alec Young, S&P Capital IQ, discussing the latest signs of financial crisis in the euro zone, and weighing in on ways to ease the fiscal problems there.
Having spent two and a half years following the euro zone debt crisis, one economist has decided to throw in the towel because he says EU leaders have failed to prevent Italy from losing access to the funding markets.
Hartmut Issel, Head of CIO research, APAC, UBS Wealth Management thinks there will undoubtedly be pain ahead for Spanish banks, but they will end up being stronger for it.
Robert Rennie, Global Head of FX Strategy at Westpac Bank says that Germans are close to saying no to the ESM as its liability on Germany is unknown.
Investors yawned when the European Central Bank cut interest rates last week. This strategist says they were wrong.
Nigel Farage, UK Independence Party leader, discusses Europe's looming fiscal crisis, and the problems with bailouts, with CNBC's Rick Santelli.
The euro's slide stalls and Chinese consumer price inflation keeps slowing — it's time for your FX Fix.
"Dr. Doom" Nouriel Roubini says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
John Noonan, Senior FX Analyst at Thomson Reuters says that the Euro, instead of the Japanese yen, is now the funding currency for carry trade.
Fears of the euro zone providing a “Lehman moment” – an event which puts the final spark to the tinderbox of a global economic crisis – have been growing for months.
Greece’s new government has dropped a plan to seek softer terms for its second bailout following warnings that it would be rejected by international lenders, the Financial Times reports.
Gillian Tett of the Financial Times says markets may be headed for another "summer curse" and she points to five reasons why.
High-yield corporate bonds in Europe offer some good value investment, Patrick Legland, Societe Generale’s global head of research told CNBC.
With her insistence on deeply unpopular austerity measures, German Chancellor Angela Merkel has won few friends in debt-laden southern European counties. But suggestions that she bowed to pressure from other euro zone leaders at a key summit last week have left her with new enemies, this time closer to home.
Oil prices could be back up at $110 per barrel by the end of the year, according to Harry Tchilinguirian, Head of Commodity Markets Strategy at BNP Paribas.
Market participants will continue to "riot" to get policy makers to integrate fiscal policy across the euro zone and help restore consumers' confidence in the banking system, creating weakness in stock markets, Nancy Curtin, Chief Investment Officer of Close Brothers Asset Management told CNBC on Wednesday.
The European Central Bank may “have room” to cut interest rates on Thursday’s meeting, but this is not necessarily the best way to deal with the euro zone debt crisis at the moment, Christine Lagarde, managing director of the International Monetary Fund, told CNBC.