European Central Bank President Mario Draghi has said he will do “whatever it takes” to defend the euro and Ben Bernanke’s Federal Reserve has gone to infinity and beyond in an attempt to revive the U.S. economy, but a growing number of market watchers are beginning to doubt unconventional monetary policy will actually work.
Spanish share prices tumbled nearly four percent on Wednesday, as investors worried whether the European Central Bank and its partners have sufficient resources to rescue the ailing Spanish economy.
Today, Spain is at the forefront in the headlines and media with ugly protests in Madrid ahead of Thursday’s budget announcement.
Violent protests erupted on the streets of Athens on Wednesday. They could help the Greek government make its case for less stringent bailout conditions to its international creditors.
Germany and its two closest allies in the euro zone appeared to step back on Tuesday from a key agreement that would free Spain and Ireland of billions in debt incurred through bailing out their banks, the FT reports.
The biannual Paris Motor Show kicks off on Wednesday, with carmakers eager to show off the latest technologies to help them compete in a market that is looking increasingly crowded.
Larry Kudlow and Gen. Barry McCaffrey look at the latest events in the Mideast and just how serious a threat Iran poses.
While financial markets remain focused on Spain, analysts are touting ex-Yugoslav Slovenia as another candidate to tap the euro zone’s new bailout fund, the European Stability Mechanism (ESM).
European Central Bank President Mario Draghi said on Tuesday that EU governments, not the central bank, must take “fundamental” measures to solve the region’s debt crisis.
A Spanish bailout could give the euro a short-term boost, but the currency remains highly vulnerable to developments in the euro zone and prospects for European banks in particular, analysts said on Tuesday.
Chinese growth is set to stabilize in the coming months and will slow to 6 percent in the next decade, according to new research from Barclays.
Governing like a mafia boss, obsessed with power and the source of the euro zone’s misery – not the usual epithets ascribed to German Chancellor Angela Merkel. But these are latest to be leveled at her by Gertrud Höhler, author of “The Godmother: How Angela Merkel is Reconstructing Germany”.
Paper and packaging firm Mondi, online betting company Paddy Power, U.S tax preparer H&R Block and Cisco, the world's biggest maker of computer-networking equipment represent good investment opportunities with plenty of potential, Alex Gunz, fund manager at Heptagon Capital told CNBC.
Greek officials vehemently refuted weekend reports that the country will fail to qualify for further international aide until the country closes a 20 billion euro budget gap.
"Super" Mario Draghi of the European Central Bank has a super problem: the markets might love him, the bankers might love him, politicians from Athens to Dublin might love him, but the German people don't. He's been called anything from "bankers' buddy" to "counterfeiter of coins", and depicted by the tabloid press as a devil sporting horns and a trident, set against a distinctly angelic Bundesbank president Jens Weidmann.
Euro zone leaders have been trying to keep the currency union intact, but some—including a high school teacher from Bavaria—say a better solution lies in local currencies, an idea that is now being pitched to Greek politicians.
Rosen Plevneliev, President of Republic of Bulgaria, discusses how to solve the global economic crisis without taxing citizens to death.
The euro zone’s latest bailout fund hasn’t even come into existence yet, and there are already high-level discussions about whether it can be leveraged to more than $2.6 trillion - more than five times its planned lending capacity.
Three years into the global financial crisis, multinational companies that had made huge profits during the consumer boom that preceded it faced a major dilemma: people were no longer buying the expensive premium products that once sold well in Europe, the Global Post Reports.
Praise all around for Mario Draghi and his ECB's bold strategy of "conditional" bond buying across the euro zone, if and when deemed necessary. "This is the big game changer", insists Polish finance minister Jacev rostowski, echoing what virtually all of his colleagues both inside and out of the EU have voiced over these past weeks.