Economic Regions The European Union

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    The European Central kept the pressure on troubled euro zone countries on Thursday, sending a clear signal that while the bank may take further measures to bring sky-high borrowing costs down, struggling countries must act and take responsibility for their finances.

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    The European Central Bank is preparing “concerted action” with euro zone countries to bring down the borrowing costs of heavily indebted countries including Spain and Italy, German newspaper Sueddeutsche Zeitung reported on Thursday.

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    European politicians are already heading off to chateaux and caravans across the continent, but this may mean an even tougher challenge when they return to their desks in September.

  • Mario Monti

    Mario Monti has taken a step towards bridging Europe’s north-south divide over how to support the euro zone’s weaker economies by finding common ground with Finland over the need for concerted intervention to reduce excessively high borrowing costs, the Financial Times reports.

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    Inaction in Washington could hurt overseas, this strategist says.

  • Spain

    As two of Spain’s largest regional governments rebel against attempts by the Mariano Rajoy government to rein in their spending, there are increasing concerns about Madrid’s ability to attract the foreign capital needed to finance itself, the FT reports.

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    Remember how the euro jumped when European Central Bank President Mario Draghi pledged to preserve it? That is so last week.

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    The currency is strong against its closest neighbor, the euro, and the cost of its long-term debt is at almost Germanic levels. Yet, to many, the UK doesn’t feel like the safe haven this implies.

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    As European banks continue to pull back in Asia, reeling under the debt crisis back home, regional banks are filling in the gap by buying their assets and increasing lending, say analysts.

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    Global equities have rallied in the past several sessions on expectations that central bank meetings this week would result in more monetary easing measures. But some analysts tell CNBC that further stimulus is unlikely and markets are setting themselves up for a selloff.

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    The Swiss National Bank is sitting on a pile of euros, and the size of that pile says a lot about where the euro is headed.

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    Germany’s finance minister ruled out making more concessions to help Greece, on the eve of talks with U.S. Treasury Secretary Timothy Geithner, who has urged euro zone leaders to act, the FT reports.

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    As investors prepare for another trading week, stocks are in risk mode on expectations that euro zone policy makers will do whatever it takes to preserve the euro.

  • A jeweller weighs gold jewellery at a shop in Ahmedabad on October 7, 2010. Gold surged to a record 1,356.50 USD an ounce in Hong Kong trade. Dealers are buying up the precious metal as the USD remains under pressure amid concerns over the global economy and as dealers look to invest in the safe haven in times of uncertainty. AFP PHOTO/ Sam PANTHAKY (Photo credit should read SAM PANTHAKY/AFP/Getty Images)

    Investors would need to keep at least 10 to 30 percent of their portfolio in physical gold to preserve their wealth when money starts losing value amid expectations of further stimulus measures from major central banks, according to Juerg Kiener, Managing Director and Chief Investment Officer of Swiss Asia Capital.

  • Oil derricks in North Dakota pump oil from the Bakken Formation.

    Oil prices will likely gain this week on expectations that the U.S. Federal Reserve may announce additional stimulus to help boost an anemic recovery in the world's largest economy while markets are looking towards the European Central Bank to suppress unsustainably high sovereign borrowing costs in Spain and Italy, according to CNBC's weekly survey of oil market sentiment.

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    Happy days are here again for the euro - for now, says this strategist.

  • European Central Bank President Mario Draghi testifies before the European Parliament's economic affairs committee in his role as the head of the European Systemic Risk Board on May 31, 2012 in Brussels.

    Financial markets spiked Friday on a report that ECB President Draghi may propose new measures to ease Europe's debt crisis.

  • German Chancellor Angela Merkel

    Even as hundreds of thousands of German tourists head south for their holidays on the front line beaches of the euro zone crisis, the politicians and commentators left behind are indulging in an orgy of speculation about whether Greece can long last as a full participant in the common currency, the Financial Times reports.

  • Jim Cramer

    The "Mad Money" host sifts through all the negative and urges investors to find the silver lining in this stock market.

  • The Spanish region of Valencia inadvertently rose to fame last Friday when it was the first region to officially ask for aid from the newly created 18 billion euro Regional Liquidity Fund to help meet its debt repayments in the second half of the year.