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International Organizations G20

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    Concerns over the size of United States debt reared their head once again as ratings agency Standard & Poor’s warned that health care costs for a number of highly-rated Group of 20 countries, including the U.S., could hurt growth prospects and harm their sovereign creditworthiness from the middle of this decade.

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    The Asian Development Bank has called for India and China to be ready to help rescue the eurozone from its sovereign debt crisis to avoid a long-term downturn that will stunt the growth of Asian economies. The FT reports.

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    As the eurozone crisis spreads from Greece to Italy, countries far afield are being sucked into the maelstrom. The FT reports.

  • President of the European Commission Jose Manuel Barroso chats with U.S. President Barack Obama as (from L to R) Russian President Dmitry Medvedev, German Chancellor Angela Merkel, French President Nicolas Sarkozy and Japanese Prime Minister Naoto Kan follow behind as the leaders emerge from lunch on their way to the first plenary session at the G8 Summit on May 26, 2011 in Deauville, France. France is hosting the G8 Summit, which focuses on issues including African development, the Arab Spring

    The Group of 20 is seeking to meet again, possibly before Christmas, with the aim of resurrecting a deal to provide an international firewall around Greece, G20 sources have told the Financial Times, saying negotiators at the Cannes summit had been close to an agreement.

  • Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade in Chicago, Illinois, U.S.

    With no end in sight to the euro zone debt crisis, events in Athens and Rome are likely to dominate investor sentiment over the coming days.

  • German Chancellor Angela Merkel and French President Nicolas Sarkozy

    Those looking for firm action in the final G20 communique would have had a hard time finding much to get their teeth into.

  • Greece, the IMF & Money

    CNBC's Steve Liesman has the details on Greece, the IMF, and how the country plans on getting financial relief.

  • Euro Falls Ahead of G20 Statement

    CNBC's Michelle Caruso-Cabrera takes a look at the euro losing ground today after euro zone leaders raised fresh concerns about the regions ability to tackle its debt crisis,

  • France's President Nicolas Sarkozy (R) welcomes German Chancellor Angela Merkel as she arrives for a meeting on debt crisis.

    The European council of heads of states have met 7 times this year and still have another meeting in the diary. Europe’s finance ministers have met 11 times and plan two more before the year is out.

  • David Cameron

    David Cameron has urged colleagues to stop talking down the economy as he tries to drown out a growing chorus of doomsayers with a resolutely upbeat assessment of the nation’s prospects, in an article for the FT.

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    Angela Merkel and Wolfgang Schaeuble sure know how to ruin a party. A euro party, that is.

  • John Lipsky

    The risk of European recession still lingers over the continent, but euro zone policymakers are likely to introduce a package this month that's comprehensive enough to head off that scenario, according to an official at the International Monetary Fund.

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    Euro zone leaders are expected to come up with a substantive plan to solve the area’s crippling debt crisis by the time of the G20 leaders summit in Cannes on Nov. 3.  At the back of every investor’s mind is the thought that we could be setting ourselves up for a big fall.

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    The finance chiefs of the world's leading economies opened the door Saturday for the International Monetary Fund to play a bigger role in fighting the eurozone's escalating debt troubles.

  • France Finance minister Francois Baroin (R) poses next to US Finance minister Timothy Geithner (L) eyed by French central bank governor Christian Noyer on October 14, 2011 at the 'Cite de L'Architecture' in Paris, prior to a working dinner, on the first day of the G20 meeting of Finance Ministers and Central Bank Governors.

    While finance ministers and central bankers at the G20 meeting in Paris desperately seek a solution to Europe's debt crisis, a separate debate has broken out over the IMF's role in any rescue package.

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    Emerging market countries are working on ways to contribute money rapidly to expand the effective firepower of the International Monetary Fund, with the aim of increasing its role in combating the eurozone sovereign debt crisis. The FT reports.

  • Spain's debt rating is cut, the G20 is all about Europe, but the sun in shining in Singapore — it's time for your FX Fix.

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    Discord over the euro zone crisis, currencies and global economic governance threatens to overshadow the Group of 20 finance ministers meeting in Paris on Friday and Saturday, the FT reports.

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    As the sovereign debt crisis is hits Europe and the idea of a double dip recession is starting to spread all over the world, G20 labor ministers gathered in Paris on Tuesday said job creation, particularly by small enterprises, was crucial in overcoming the financial crisis and warned that austerity measures needed to be balanced with the creation of jobs.

  • Dubai

    Even the Gulf countries were not spared by the European and U.S. debt crisis. With unemployment figures estimated as high as 12 percent, the United Arab Emirates has lots of gaps to fill, Saqr Ghobash, the minister of labor for the UAE, told CNBC.com Tuesday.