Could it be? A euro debt deal may be finally in sight - time for your FX Fix.
Jean-Claude Juncker, chairman of the group of euro-zone finance ministers, said that a selective default on Greek debt cannot be ruled out under a new bailout plan for the country, Dow Jones reported Thursday.
George Osborne has urged euro zone leaders to “get a grip” on the sovereign debt crisis at their summit today, warning that failure to do so could unleash an economic crisis as serious as the recession that followed the banking crash of 2008.
Market analysts forecasting the demise of the euro and the break-up of the European Union are doing so on fundamentally flawed assumptions about European integration, economists and policy experts told CNBC.com.
European shares are expected to open flat Thursday as investors remain cautious over the possibility that a resolution to the European sovereign debt crisis can be reached.
Politics has prevented a swift resolution to the Greek sovereign debt crisis that now threatens to engulf the monetary union, Myles Bradshaw, Senior Vice President and Portfolio Manager at PIMCO told CNBC.
Germany, the euro zone's largest economy, should be prepared to take a downgrade to its AAA-rated debt to help save the single currency area, Charles Diebel, head of market strategy at Lloyds, told CNBC Wednesday.
The European markets were expected to open higher Wednesday as stocks bounced back ahead of an EU summit aimed at resolving the regional debt crisis.
French investigators have questioned one of Dominique Strauss-Kahn's daughters, one of his ex-wives and may question a Socialist presidential hopeful about claims the former International Monetary Fund chief tried to rape a writer.
The future of the euro is secure despite the debt crisis engulfing parts of the euro zone, Ewald Nowotny, one of the governors of the European Central Bank (ECB), told CNBC Tuesday.
A tax on euro zone banks and cheaper, longer-dated official loans are the least risky way to provide extra funding for debt-stricken Greece, a confidential paper drafted ahead of a European summit showed on Tuesday.
Politicians on both side of the Atlantic are playing a "dangerous game" over the debt crisis, Beat Wittmann, Chairman of DynaPartners, told CNBC Tuesday.
Hermes raised its full-year revenue forecast on Tuesday as growing demand for its silk scarves, fashion accessories and leather bags showed no sign of slowing despite a foggy economic outlook.
European markets were expected to open slightly higher Tuesday, rebounding from Monday's losing session as the concerns over last week's European bank stress tests are replaced by optimism over company earnings.
A plan of "overwhelming force to let the markets know that once and for all you’re putting out the fire" in Europe, should start with letting Greece, Portugal and Ireland default, Neel Kashkari told CNBC Monday.
European stocks were expected to open lower Monday as unease about debt issues maintains its grip on both sides of the Atlantic, pushing gold to a new record high.
Eight banks, including two Greek banks, five Spanish and one Austrian bank have failed the European Banking Authority stress tests, the agency said on Friday.
The results of the banking stress tests, due on Friday after the close of European markets, will be worst for German and Spanish banks, analyst Ralph Silva of SRN told CNBC Friday.
Worldwide stocks could lose 35 percent of their value if the euro zone sovereign debt crisis worsens, according to research from Deutsche Bank.
European stocks were set for a lower open Friday, after ending the previous session down on lingering worries about the euro zone's debt problems.