It has been difficult to get away from the doom and gloom in recent days as investors fretted over the euro-zone debt crisis and the thought of what the US economy would look like without huge stimulus from the Treasury and Federal Reserve.
Many of the G20 nations are supportive of a tax on banks and details of the levy should be hammered out over the next few weeks despite growing doubts over the prospects for a multinational agreement, French Finance Minister Christine Lagarde told CNBC Monday.
I am feeling a bit gloomy. I started this sovereign debt crisis looking on the bright side but now I have been got at. So many of our guests at CNBC are downbeat right now, that the downdraft has been hard to dodge.
Engaging in what I perceive as their only avenue to grow, Germany’s Finance Minister Schaueble and France’s PM Sarkozy made statements intimating that the weak Euro is not an issue for the country’s in the European Monetary Union.
Austerity measures imposed by the euro zone will likely push the euro back towards $1.50 or even $1.60 but the European currency is unlikely to achieve the status of reserve currency, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com Friday.
The Shanghai Composite, often a leading indicator in global markets' direction, is due for a consolidation, followed by a rebound, Daryl Guppy, CEO of Guppytraders.com, told CNBC on Thursday.
Remember April 2009 when the G20 met in London? Gordon Brown was hosting world leaders and claiming he had saved the world while protests brought large parts of the UK capital to a halt.
The European Central Bank may have shocked the markets with its prediction that bank losses are likely to increase in the near-term, but other economists believe the worst is behind us, and that governments have the power to force banks to lend.
The euro will drop even further against the dollar because Europe's problems will not be easy to solve, Dennis Gartman, author of "the Gartman Letter," told CNBC Tuesday.
If the European Central Bank has one monetary dragon it considers essential to slay, it is inflation.
The eurozone’s 440 billion euro debt guarantee scheme is tantamount to the adoption of a Nato-style mutual defence clause and marks an “unprecedented” change to the bloc’s treaties, according to France’s Europe minister.
I thought I understood how dire things were in Europe. Then I saw it explained by Clarke and Dawe. Troubling.
The euro is facing an identity crisis with Germany in the driver’s seat, Jan Randolph from IHS Global told CNBC Thursday.
The pressure on governments to fund bailouts and spend to reinvigorate their economies has led to a sharp increase in the issuance of sovereign debt.
Once upon a time, the European Economic Community-remember that quaint post-World War II institution-thrived without a single currency. A larger European Union can again, but it needs to jettison the fantasy that the benefits of capitalism can be accomplished without adequate incentives to work hard and invest.
Without the support of the UK or many euro-zone members, the EU looks split on key issues at a time when the Treasury Secretary thinks they should be standing united.
Portugal is a “totally different situation” than Greece, Ricardo Salgado, chairman of Espirito Santo Financial Group [ESFG], a financial services holding company which does business primarily in Portugal, told CNBC on Tuesday.
The European Union's economy chief has warned that the region will stagnate unless governments make major reforms to boost growth.
The spending cuts outlined by the UK treasury are “a crazy cutting agenda,” that could push the country back into recession, according to a former Bank of England official.
Speculation that Greece could opt out of -- or be pushed out of -- the euro zone roiled global stock markets last week.