Economic Regions The European Union

  • 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

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    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.

  • european_flags_200.jpg

    Senior U.S. officials say President Obama will use his time with G8 leaders at Camp David this weekend to urge Europe to use the tools it has created to handle its financial crisis and to use them aggressively.

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

    National Bank of Greece, the oldest Greek commercial bank, saw its financial condition so damaged by the crisis that it was operating with negative shareholder equity at the end of 2011.

  • dollar-with-thermometer_200.jpg

    Based on past bouts of big market swings, the dollar could get a meaningful lift if volatility rises. 

  • fx_fix_1_200.jpg

    The Greek tragedy weighs on the euro, but Japan's GDP lifts the yen - it's time for your FX Fix.

  • european-union-map-200.jpg

    A growth compact to sit alongside the existing fiscal compact is a certainty for the euro zone as it battles the flames of discontent fanned by the harsh austerity measures implemented in struggling economies, one expert told CNBC Thursday.

  • European Central Bank

    The European Central Bank has reacted to uncertainty over Greece’s future in the eurozone by excluding four of the country’s banks from its regular liquidity providing operations.

  • Businessman with crystal ball

    Wondering if today's bounce in the euro is an aberration? This strategist has an answer.

  • EU: Breaking Up is Hard to Do

    Daniel Stecich, TJM Institutional Services and CNBC's Rick Santelli discuss the ECB and credit risk, and Greek recapitalization.

  • greek_drachma_200.jpg

    Austerity is imposing intolerable unemployment and political chaos in Greece, and won’t permit it to repay its debts. Athens must abandon the euro and reintroduce the drachma.

  • fx_fix_1_200.jpg

    Euro Slips, Pound Trips, Asian Central Banks Intervene — it's time for your FX Fix.

  • greece_flag_200.jpg

    A senior executive at a Greek bank says the pace of withdrawals has slowed further on Wednesday, after a large spike on Monday. Late Tuesday, data inadvertently revealed by the country's president showed 700 million euros ($889.7 billion) worth of withdrawals on Monday alone.

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    “Very little of the bail-out money so far has gone to the Greeks. It has all gone to the bankers,” one analyst tells CNBC.

  • The Parthenon in Greece

    A Greek exit from the euro zone would not make things better for the stricken country or for Europe, Thomas Mirow, the president of the European Bank for Reconstruction and Development (EBRD), told CNBC.com in an interview.

  • The Parthenon in Greece

    When Greece announced on Tuesday that it had made a €436 million bond payment to the hold-out investors who rejected the country's historic debt revamping deal in March, the decision came as no surprise, the New York Times reports.

  • Breaking News: Transcript From Greek Meeting

    CNBC's Michelle Caruso-Cabrera reports that a transcript from a Greek meeting shows deposits have left the banking system.