Economic Regions The European Union

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  • A Euro sign sculpture stands in front of the European Central Bank's (ECB) headquarters.

    Euro zone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe's floundering economy.

  • E.U. Flags

    Chancellor Angela Merkel cemented her political ascendancy in Europe on Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.

  • Reichstag Parliment building, Berlin, Germany

    Germany's unemployment rate fell to a record low in January, data showed, though subdued retail sales figures suggested concern about the euro zone crisis rather than a healthy jobs market had driven consumer spending in the run-up to Christmas.

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    The dollar is getting a lift as worries about Greece and the European Union summit dent risk appetite. Whether it will last is another matter.

  • greece_flag_cracked_200.jpg

    A person familiar with the negotiations to slash Greece's massive debt said private creditors participating in the deal would face an overall loss on their bondholdings of around 70 percent.

  • Greece

    There are two primary questions: will a default by Greece actually occur? And, if a default occurs, what will happen?

  • Global Markets Update: Europe Extends Losses as Wall Street Slumps

    Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.

  • Gold

    Gold priced in euros broke above of key trend line Monday morning, as safe-haven buying and upward technical momentum continue to help the precious metal rally.

  • fx_fix_1_200.jpg

    Slow progress on Greek debt and a looming EU summit sap risk appetite and lift the buck — it's time for your FX Fix.

  • american_bank.jpg

    With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is going to pay out, the New York Times reports.

  • Jim Rogers

    No country will exit the euro zone this year but a solution to the debt crisis remains elusive, Jim Rogers, CEO and chairman at Rogers Holdings, told CNBC Monday.

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Iran’s parliament is to debate a “double-urgency bill” which would halt all oil exports to the European Union in response to expanded sanctions by the bloc.

  • Oil Rig

    Benchmark crude oil prices will likely rise this week as risk appetite improves on optimism that Greece and private sector creditors are nearing a deal on a debt swap, CNBC's weekly survey showed.

  • Greek Default Not in Cards: German Finance Minister

    "I am convinced we can avoid a Greek default," Wolfgang Schauble, Germany Federal Minister of Finance tells CNBC's Maria Bartiromo. "We are trying to do a growth friendly deficit deduction," he adds. Oilli Rehn, European Commissioner for Economic and Financial Affairs, also weighs in.

  • eu_building__flags_brussels_140.jpg

    During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.

  • Money In Motion: Trading EU Confidence

    Sharing his currency trade on the Australian dollar vs the Mexican peso, with Willie Williams, Societe Generale institutional derivatives sales director.

  • Jean-Claude Trichet: Future of Euro Zone

    Former president of the European Central Bank discusses the future of the euro zone, bondholders clashing on Greek interest rates and whether or not Europe will have a more centralized power.

  • Ford Misses Estimates; Europe to Blame?

    Ford fell after missing earnings estimate on weaker sales in Europe and higher input costs. Alan Mulally, Ford Motor president & CEO, explains the earnings shortfall, with CNBC's Phil LeBeau.

  • fx_fix_1_200.jpg

    The euro rises on happy talk, GDP hangs over the dollar - it's time for your FX Fix.

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

    This is a live blog from "The Future of the Eurozone," an event at the World Economic Forum in Davos, Switzerland, in which our panelists will debate the question, "How will the Eurozone economies emerge from the euro crisis?"