Economic Regions The European Union


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    Demand for gold hit an all-time high in 2011 as European, Indian and Chinese demand soared.

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    Portugal’s economy minister sought to dispel impressions that the country could follow a similar path as Greece in an interview with CNBC, pointing out that the tough economic reforms it is carrying out enjoy the support of the population and stressing Portugal will not turn its back on the single currency.

  • A man walks outside the Bank of Greece headquarters during a demonstation against government's austerity measures in central Athens.

    The finance ministers of the euro zone want to put Greece under even tighter surveillance in return for a 130 billion euros ($170 billion) bailout, even after Athens managed to deliver on several key demands Wednesday.

  • Breaking News: EU's Juncker Get Assurances From Greek Leaders

    CNBC's Simon Hobbs has the latest details on Greece's debt problems and when to expect some resolution.

  • Eurogroup President Jean-Claude Juncker

    The cancellation of Wednesday’s special meeting of euro zone finance ministers, which was planned to rubber-stamp Greece’s latest bailout deal, shows that other euro zone members are increasingly bargaining harder with Greece, economists told CNBC.

  • Global Markets Update: Strong Earnings Results Boost European Equities

    US Futures point to a higher open for Wall Street after a mixed trading session yesterday. European stocks rose on Wednesday following better-than-feared GDP figures for Germany and France, and as debt-stricken Greece appeared to be nearing a political consensus on painful budget cuts. In Asia markets rose on Greece while comments from China's central bank governor saying Beijing would continue to invest in euro zone government debt aided sentiment.

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    As it turns out, the agencies aren't really all the great at rating sovereign debt.

  • European Union Flag

    Fears of a double-dip recession in the embattled euro zone are expected to be stoked by negative growth figures for the euro area on Wednesday.

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    The warning by ratings agency Moody’s that it may cut the triple-A ratings of two of the euro zone’s largest countries, France and the United Kingdom, was met with resignation by analysts and economists Tuesday.

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    Rating agency Moody's warned on Monday it may cut the triple-A ratings of France, the United Kingdom and Austria, while it downgraded the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta.

  • Europe Carbon Tax: Cooler Heads to Prevail

    Andrew Herdman, Director General, Association of Asia Pacific Airlines talks to CNBC about the aviation sector's reaction towards the EU's carbon tax.

  • With the Greece parliament passing the new austerity measures, the foreign exchange markets are buying risk with AUD, NZD and ZAR the top performers.

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    It's only a matter of time before the central bank's easy-money policy affects inflation expectations and inflation itself, spooking investors.

  • Journalists accused of writing in support of Greece's austerity measures have recently become targeted by protesters.

    "We are facing destruction. Our country, our home, has become ripe for burning, the center of Athens is in flames. We cannot allow populism to burn our country down," one  lawmaker told parliament as protesters took their rage to the streets.

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    This could be a make or break weekend for Greece, strategists say. Here's how to play the uncertainty.

  • Mario Monti

    "The distinction between Greece and Italy from the point of view of markets is massively different" than a few years ago, Italian Prime Minister Mario Monti told CNBC.

  • Mario Monti on Italy's Economic Future

    Mario Monti, Prime Minister of Italy, discusses his meeting with President Obama: "The goal was to explain to the President what Italy is doing in terms of budgetary discipline but also for preparing for conditions for growth."

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    If Greece doesn't have to pay what it owes, why should anyone?

  • Greek Turmoil Sparks Selloff

    Greek lawmakers continue to rangle over the country's austerity measures. Will recent events inspire investors to get out of the market? David Darst, Morgan Stanley Smith Barney, and Meg McClellan, J.P. Morgan Private Bank, discuss.

  • The Parthenon in Greece

    The setback on the Greek austerity plan is sapping euro strength.