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Economic Regions The European Union

  • German Chancellor Angela Merkel

    German Chancellor Angela Merkel said Thursday Germany is committed to do everything they can to maintain the euro and renewed her call for fiscal discipline by praising Canada for not "living on borrowed money" and saying it should serve as a model for Europe.

  • European Union Flag

    “The best laid plans are laid to waste” so the saying goes, and according to the latest report from Nomura, plans by Germany and the European Central Bank (ECB) to stabilize and indeed salvage the euro zone are in serious jeopardy.

  • off shore oil rig

    China’s sluggish growth and contractions in oil supply and demand should be enough to convince oil market bulls that the oil rally can’t continue for long, Neil Atkinson, Director of Energy Research and Analysis at Data Monitor, told CNBC.

  • Karsan-Otomotiv-Sanayii-Auto-Factory-turkey-200.jpg

    The U.S. may have committed a strategic error in not recognizing Turkey as a geographic bridge and trade center earlier.

  • Hagia Sofia and Blue Mosque seen from Topkapi Palace in Istanbul, Turkey.

    Turkey’s roaring economy has earned it the nickname “New Tiger” among foreign investors -— who are pouring money into the country.

  • The coal fueled Fiddlers Ferry power station emits vapour into the night sky in Warrington, United Kingdom.

    Ankara’s effort at energy self-sufficiency will mean dishing out big contracts without offending any of its major trade partners.

  • Traders work on the floor of the Istanbul Stock Exchange in Istanbul, Turkey.

    Dominated by a highly-regarded banking sector and flourishing consumer goods industry, Turkey’s stock market is easy for foreign investors to access.

  • Banks complain that tighter regulation means that too much capital is tied up in regulatory funds and not enough gets to consumers.  But they should get used to it as this is the “new normal” if we want economic growth, Professor Andrew Sentance, senior economic adviser at PricewaterhouseCoopers (PwC) told CNBC.

  • The Greek national flag is seen flying above the parliament building on Syntagma Square in Athens, Greece, on Thursday, Feb. 16, 2012.

    Another day, another prediction of a Greek exit from the euro zone. But unlike the vast majority who give a medium term timeline for a "Grexit", one strategist told CNBC it could come as early as next month.

  • Oil refinery and petrochemical complex, Mahshahr, Iran,

    Iran has struggled to find a reliable consumer base given international sanctions pressure, and its recent production levels suggest the Islamic republic is retreating somewhat from the international energy sector.

  • What's Next?

    A recent gathering in Maine at the invitation of David Kotok of Cumberland Advisors, over 30 financial experts shared their views about the near term economy, writes William Dunkelberg, Economics Professor at Temple University.

  • European Union Flag

    The euro is “irreversible,” but leaders must implement changes to prevent the euro zone debt crisis from cascading across the continent, Olli Rehn told CNBC Tuesday.

  • Wilbur Ross, chairman and chief executive officer of WL Ross & Co. LLC.

    Though other parts of the continent are improving, Greece actually is worse up close than it appears from the outside, investor Wilbur Ross told CBNC.

  • Germany’s reputation as the healthy man of Europe has been reinforced by better-than-expected growth in gross domestic product for the second quarter, as growth contracted in the broader euro zone.

  • A one Euro coin stands on a map of Brussels.

    The euro currency could face significant negative pressure as fears that the stagnating euro zone crisis continues unabated and global economic growth remains muted according to analysts.

  • Reichsstrasse houses in historic centre.

    Despite yielding extremely low or even negative returns, German Bunds have not lost their safe haven appeal, underscoring the huge appetite among investors for low risk assets as the euro zone debt crisis drags on. But a new asset class is on the rise – and many believe it has a lot more to offer.

  • European Union (EU) flags fly outside the the European Commission headquarters in Brussels.

    The euro zone economy shrank in the April to June period, the European Commission's statistics agency Eurostat said on Tuesday, but  French and German second-quarter economic growth came in better than expected on Tuesday.

  • Brandenburg Gate, Berlin

    A growing number of Germans may want to see the euro zone dissolve, but Dagmar Bollin-Flade, owner of a small machinery company here, is not among them. Like many German businesspeople, she is keenly aware of the economic benefits of a common currency — and willing to pay a price to keep the euro intact, the New York Times reports.

  • E.U.

    For most of the euro zone debt crisis, the distinction between the core and peripheral countries of the euro zone have been quite clear — the periphery seemed to cause all the trouble, and the core picked up the bill.