BRUSSELS— The European Union has called the crackdown on media in Turkey "worrying" and warned Ankara to respect fundamental freedoms. As a candidate nation for EU membership, Turkey "needs to aspire to the highest possible democratic standard and practices, including on the freedom of the media," said EU spokeswoman Maja Kocijancic. Kocijancic called it "... » Read More
Claudio Piron, head of Asia FX research, BofA Merrill Lynch Global Research, is positive about buying into the euro for the next 24-48 hours, but sees a downside to it in 2-3 months'
Stephen Halmarick, head of investment markets research at Colonial First State Global Asset Management, says that change of political leadership in Greece and Italy is promising, but Europe has a long way to go before achieving some kind of stability.
The former European Commissioner was asked to form a new government, but the leader of Silvio Berlusconi’s party said it would pledge support only for as long as it could fulfill its reform mandate.
The window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s banks and drives up borrowing rates for even once rock-solid countries like France.
Global markets are rallying today as Papdemos is sworn in as Greek's new prime minister and austerity measures pass in the Italian Senate, with CNBC's Michelle Caruso-Cabrera.
Headlines are filled with Italian bond yields and the status of Italy’s economy. Weren’t we just obsessing about Greece and Papandreou? What happened to Greece? They didn’t get fixed, but the gnat-like attention span of markets has shifted once again. I wonder what it will be next week.
Japan walks softly carrying its intervention stick, and Italy votes on austerity - it's time for your FX Fix.
Italy may need to exit the euro zone and revert to its own national currency to resolve its debt crisis, thereby forcing the break-up of the euro zone, Nouriel Roubini wrote in an opinion piece in the Financial Times on Friday.
The euro zone's problems are spilling over to its eastern neighbors, this strategist says.
Doomsday talk about Europe has been everywhere, but the euro keeps hanging in. Here's one strategist's reason why.
Lucas Papademos might have been hoping to gently ease into retirement after close to four decades as an economist and central banker.
Euro zone weakness is impacting the global economy: European Union lowers growth forecasts.
The euro stops its freefall, the Bank of England holds steady, and Indonesia cuts - it's time for your FX Fix.
Peter Chatwell, interest rate strategist at Credit Agricole Corporation, joined CNBC to discuss the results of the Italian debt auction.
Some investors may see the sharp fall in global stock markets driven by fears of a euro zone breakup as a buying opportunity, but analysts warn the market has yet to hit the bottom and investors should tread cautiously.
The presidential candidates discuss how they will ensure that the US won't fall with Italy's recent debt problems. Herman Cain and Mitt Romney answer.
Insight on how to trade as the markets remain focused on Europe. Stephen Schork, The Schork Report, weighs in on the impact European headlines are having on commodity prices.
The euro zone debt crisis could claim more political scalps across the euro zone, according to analysts.
Italy sends the euro tumbling, and Britain needs more exports, please - it's time for your FX Fix.
Italy's problems looked far from over Wednesday as its stocks fell sharply (FTSEMIB) and the yield on Italian 10 year bonds shot above the important 7 percent mark.