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Europe Top News and Analysis France

  • French banks are the most exposed in Europe to the Greek debt crisis, with $75 billion at stake, according to the Bank of International Settlements.

  • Nouriel Roubini

    The sovereign debt crisis will get worse and bond vigilantes could move on to even bigger economies like the United States and Japan when they are done sweeping through vulnerable European nations, according to economist Nouriel Roubini.

  • Euro bills

    The man who is likely to succeed Jean-Claude Trichet as the President of the European Central Bank told CNBC that the Greek bailout will be implemented soon and dismissed the idea that the euro zone is at risk of falling apart.

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    “Stockholm syndrome” – in which captives become sympathetic to their captors – is to blame for the “extremely limited” efforts at improved regulation seen since the financial crisis, the FT reports.

  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building in Washington, DC.

    The Securities and Exchange Commission's (SEC) charge of fraud against Goldman comes at a bad time for the company but it is unlikely to spell the end of Wall Street's most famous investment bank, Dennis Gartman, author of the Gartman Letter, told CNBC Wednesday.

  • European Commission President Jose-Manuel Barroso on Sunday called for Europe to co-ordinate any steps to address the economic impact of Icelandic Volcano which has grounded flights across the continent.

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    Speculators have begun to zero in on another small member of Europe’s troubled monetary zone, the New York Times reported, highlighting the same economic flaw that brought Greece to the verge of insolvency.

  • Earnings at some of France's major banks could be face a further drag from more writedowns as the problem of rising impairment charges hasn’t gone away, rating agency Fitch said in a statement Wednesday.

  • Investors are underestimating the strength of the German and French economies, which will return to strong growth in the second and third quarters on the back of export and investment strength, Bob Parker, an analyst with Credit Suisse, told CNBC Wednesday.

  • Before we blame Greenspan for the past bubble and bust, it is worth reiterating that of course there was a lot of blame to go around in this area.

  • UBS

    Swiss banking giant UBS said Monday its pre-tax profit will be at least 2.5 billion Swiss Francs ($2.33 billion) in the first quarter, when outflows of funds continued.

  • Stock markets around the world will continue to gain, Daryl Guppy, CEO of Guppytraders.com, told CNBC on Thursday.

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    Credit default swaps (CDS) will be looked at closely to ensure transparency but they aren't necessarily going to be banned, EU Financial markets commissioner Michel Barnier told CNBC.

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    The risk of default for Greek debt is priced much higher than that of Eastern European countries like Romania or Turkey. But Greece is rated investment grade while the two Black Sea countries are rated below investment grade.

  • German Chancellor Angela Merkel

    Opinion polls suggest Angel Merkel’s coalition will lose control of the German Senate in regional elections on May 9. No wonder she wants to fire a populist shot at voters. But in refusing to underwrite a few billion euros of Greek debt the Chancellor is playing with fire.

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    At a time when political leaders in Europe and the United States are committed to no additional income-tax burden on the middle class, they also share the advantage of raising revenue without drawing too much attention to the tightening fiscal noose.

  • "The government has taken very decisive action in cutting capital spending and the salaries of public service workers ... We are in the right direction in terms of winning more foreign investment, says IDA CEO O'Leary.

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    Germany’s trade surpluses built on holding down labor costs may be unsustainable for the other countries in the eurozone, France’s finance minister said in an unusually blunt warning to Berlin.

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    Europe is looking (maybe) to form a Eurozone Monetary Fund with powers similar to the International Monetary Fund.

  • Nouriel Roubini

    Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini said.