Economic Regions The European Union

  • mario-draghi-smiling-200.jpg

    "Super" Mario Draghi of the European Central Bank has a super problem: the markets might love him, the bankers might love him, politicians from Athens to Dublin might love him, but the German people don't. He's been called anything from "bankers' buddy" to "counterfeiter of coins", and depicted by the tabloid press as a devil sporting horns and a trident, set against a distinctly angelic Bundesbank president Jens Weidmann.

  • Bristol-Pound-1.jpg

    Euro zone leaders have been trying to keep the currency union intact, but some—including a high school teacher from Bavaria—say a better solution lies in local currencies, an idea that is now being pitched to Greek politicians.

  • Flat Tax Lessons From Bulgaria

    Rosen Plevneliev, President of Republic of Bulgaria, discusses how to solve the global economic crisis without taxing citizens to death.

  • Euro Casts Long Shadow

    The euro zone’s latest bailout fund hasn’t even come into existence yet, and there are already high-level discussions about whether it can be leveraged to more than $2.6 trillion - more than five times its planned lending capacity.

  • Bottles of Dove body lotion, manufactured by Unilever NV, are seen in a supermarket in Slough, U.K., on Monday, Sept. 3, 2012. U.K. retail same-store sales barely rose in July, according to the British Retail Consortium, as consumer confidence was undermined by the double-dip recession and the euro-area debt crisis

    Three years into the global financial crisis, multinational companies that had made huge profits during the consumer boom that preceded it faced a major dilemma: people were no longer buying the expensive premium products that once sold well in Europe, the Global Post Reports.

  • mario-draghi-smiling-200.jpg

    Praise all around for Mario Draghi and his ECB's bold strategy of "conditional" bond buying across the euro zone, if and when deemed necessary. "This is the big game changer", insists Polish finance minister Jacev rostowski, echoing what virtually all of his colleagues both inside and out of the EU have voiced over these past weeks.

  • Austrian architect Wolf Prix of CooP Himmelblau gestures during a media tour of the the new European Central Bank (ECB) headquarters on September 20, 2012 in Frankfurt, Germany. The new, twin-tower headquarters is scheduled for completion by 2014.

    Preaching austerity is easy, but the European Central Bank (ECB) has found that it can be difficult to put the virtue in the practice.

  • depressed_man.jpg

    Tech giants Google and Apple are the most notable to have experienced its impact, but many more companies across the globe have seen the effect a chief executive's illness can have on their share price. The uncertainty associated with a sudden announcement of medical leave hits some firms harder than others, and the level of understanding differs widely, experts told CNBC.com.

  • Debt-Problem.jpg

    Euro zone leaders may feel like they are amid the throes of the longest hangover ever as the region struggles with an addiction to debt and finds it hard to sober up.  But never fear! CNBC is on hand to help with its Twelve Steps guide to put the euro zone back on the path to recovery.

  • Spain, Euro coin

    Spain borrowed money at the lowest rates in months on Thursday, but the country's business leaders want the government to seek help from the European Central Bank to prevent the country’s interest rates from rising again.

  • man-globe-hand-200.jpg

    Global growth rates will diverge in 2013, with the U.S. seeing signs of growth while Europe remains in the doldrums, Siemens CEO Peter Loescher told CNBC.

  • nomura_new_200.jpg

    Nomura is making wide-ranging cuts in its European investment banking division, according to sources.

  • Mario Monti

    Prime Minister Mario Monti may have saved Italy from ruinous default, but the growth potential of Europe's most sluggish economy is as weak as ever.

  • Bank Vault

    The European Central Bank is facing renewed calls to publish the minutes of its monthly meetings so that the public can see more clearly which way members of the interest rate-setting committee have voted, the FT reports.

  • An airplane of the Irish low-cost airline Ryanair takes off from Barcelona's airport.

    Low cost airline Ryanair was back in the headlines on Wednesday after Irish and Spanish aviation authorities launched an investigation into the diversion of a Ryanair flight to Madrid from Paris to Tenerife last weekend following a technical issue.

  • St George's Flag & Houses of Parliament

    The euro zone crisis has distracted attention from the “dire strait” of the U.K. economy and the country is set to lose its AAA credit rating, according to Strategy Economics.

  • european_union_200.jpg

    Europe must aim for full-blown unity which would see monetary and political union entwined with a currency union rivaling the United States, the U.K. and Japan, analysts told CNBC Wednesday.

  • View over the caldera of Santorini in Greece.

    Gregoris Skouros stepped out of the sawed-off cargo container that hard times have forced him to make his home in on an agricultural plain near this tiny village, a two-hour drive south of Athens. The NYT Reports.

  • QE3: Good For the Economy?

    Torsten Slok, Deutsche Bank Securities chief international economist, discusses three major headwinds facing a U.S. economic recovery: the debt ceiling, fiscal cliff, and Europe.

  • Russia is expected later on Tuesday to close the share sale in London and Moscow of a $5 billion stake it owns in Sberbank after attracting strong interest in what analysts said was another move by the Russian government to advance reforms in the country and offer investors the chance to buy into fast-growing companies.