Economic Regions The European Union

  • The guardian of the euro - Mario Draghi, president of the European Central Bank, ECB, behind a glass euro coin.

    In an historic mix of monetary policy and fiscal politics, the European Central Bank plans buy the short-term debt of troubled European governments if they enter a program to solve their debt and deficits problems.

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    ECB President Mario Draghi has finally announced a bond buying plan, and now the experts are weighing in.

  • ECB’s New Bond Plan: OMT! Crisis Averted, for Now

    The European Central Bank’s new bond buying program buys time for the embattled euro zone but leaves the ball in the court of  Madrid and Rome, telling them that purchases of  sovereign bonds would come with strict conditions.

  • Will ECB's 'Conditionality & Sterilization' Plan Work?

    CNBC's Rick Santelli, and Mark Grant, Southwest Securities, discuss why the ECB's plan to rescue the euro may provide limited success.

  • Global markets are at an inflection point and the focus is about to shift from crisis in the euro zone to a crisis in the United States according to David Bloom, the global head foreign exchange strategy at HSBC.

  • Part of the giant euro sign outside the Eurotower, home of the European Central Bank, in Willy-Brand-Platz, Innenstadt district.

    The European Central Bank will refrain from publishing any formal cap on bond yields when it announces a new plan to buy distressed eurozone sovereign debt at its governing council meeting on Thursday, two people familiar with the matter said. The FT reports.

  • Can Draghi Win Over the Germans?

    David Malpass, President, Encima Global believes that ECB chief Mario Draghi can win over German opposition to the central bank's bond-buying plans. He explains why.

  • The euro gained versus the dollar and European stocks got a short-lived boost after a report that Mario Draghi, the European Central Bank chief, would propose unlimited bond buying at a meeting on Thursday.

  • The cost of freedom under austerity is weighing on ex-prisoners who struggle with financial instability on release from jail and become more likely to re-offend, continuing a vicious circle of crime and punishment -just as prisons approach full capacity across Britain and the rest of Europe, charities told CNBC.

  • U.K. and German government bonds sold off on Wednesday after weak bond auctions in both countries initially spooked investors, though analysts said it was more likely a sign of investor caution ahead of the ECB meeting on Thursday.

  • Dutch Prime Minister and leader of the pro-euro center-right Liberal Party (VVD) Mark Rutte came in for serious criticism at an election debate on Tuesday night when he said that Greece should not get any more financial help from Europe.

  • Greeks should operate a six-day working week for all sectors, international creditors said in a letter to the Greek government, a measure which forms part of a wider set of demands in return for aid to the country.

  • Greece needs to leave the Euro and reintroduce its own currency if it wants to return to growth, Manfred Neumann, an influential German economist who supervised the Bundesbank chief's doctoral thesis told CNBC on Wednesday.

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    A slowdown in Germany could make politicians there even more averse to a bailout for the neighbors, this strategist says.

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    'Super Mario' is in the spotlight and the Swiss economy is shrinking - it's time for your FX Fix.

  • Another day, and another EU official talks up the future of the euro zone and its besieged currency. On Monday EU Monetary Affairs Commissioner Olli Rehn used a speech to lawmakers to outline his vision for a monetary union 2.0. Outlining plans to put the supervision of the European banking system in the hands of the European Central Bank, Rehn said even Europe’s smaller banks needed to be monitored by officials in Frankfurt.

  • The euro zone will stay intact even if a vulnerable country ends up leaving the currency bloc, Luxembourg’s Finance Minister told CNBC.

  • Spain

    Many who worry that Spain’s economic tailspin could eventually force the country’s withdrawal from the euro and a return to its former currency, the peseta. That direct outcome is still considered a long shot, even if Spain might eventually require a Greek-style bailout. But there is no doubt that many of those in a position to do so are taking their money — and in some cases themselves — out of Spain. The NYT Reports.

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    Interest rates paid by companies in the eurozone’s weaker economies have surged, highlighting the bloc’s fragmentation as the European Central Bank loses control of borrowing costs. The FT reports.

  • The debate about a Greek Euro exit continues to make headlines in Germany.