As investors focus their attention on the latest twists in the euro zone debt crisis, analysts at ECR Research in the Netherlands are predicting conditions could descend into chaos as investors lose trust in the governments who had been expected to solve the problem.
The CEO of Irish low cost carrier Ryanair believes the emergence of new aircraft manufacturers is good news for the airline industry and passengers.
As Greece's leaders tried to finalize the details of its new coalition government, Pavlos Yeroulanos, Minister of Culture and Tourism in the current regime, told CNBC that leaving the single currency would not solve its problems and ruled out a referendum on Greece's membership of the euro zone in the near future.
The agreement on the size of the haircut on Greek debt banks will take could have serious consequences for all the so-called PIIGS according to Carl Weinberg, the chief economist at High Frequency Economics.
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.
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.
Europe is officially in crisis mode, but the euro is hanging tough. Here's how to prepare if uncertainty seems primed to rise on Monday.
The future of Greek Prime Minister George Papandreou's government looked increasingly doubtful as it prepared for a confidence vote Friday, with markets facing continued uncertainty in the euro zone.
Australia goes downbeat, and Greek no-confidence vote gives none - it's time for your FX Fix.
Months before MF Global teetered on the brink, federal regulators were seeking to rein in the types of risky trades that contributed to the firm’s collapse. But they faced opposition from an influential opponent: Jon S. Corzine, the head of the then little-known brokerage firm, according to the NYT.
When future financial historians look back at the early 21st century, they may wonder why anybody ever thought it was a good idea to repackage subprime securities into triple A bonds. So, too, in relation to assumptions about the “risk-free” status of western sovereign debt, according to the FT.
What happened in Europe over the past 10 to 20 years was almost like a Bernard Madoff event. The EU gave rules for countries to follow, but just like the ponzi schemer, the countries were their own judges and had quite a bit of leeway in creating off-balance-sheet debt, and they were their own auditors.
With some in Greece talking seriously about exiting the euro zone, here's what the currency aftermath could look like.
With political uncertainty rising in Greece, following the call for a referendum, and then rumors of Prime Minister Papandreou's resignation, the expected effects of the European Financial Stability Fund (EFSF), which had gone up last week, crashed down again on Wednesday.
Greek Prime Minister George Papandreou insisted he was not resigning at today's emergency cabinet meeting, according to state television.
Greek Prime Minister George Papandreou's grip on power looked shakier Thursday after the storm surrounding his wish for a referendum on Greece's bailout deal grew, but he apparently has no plans to leave power.
Europe made a serious mistake in trying to carve itself out as a services industry region to the detriment of manufacturing, a CEO told CNBC Thursday.
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.
To cut or not to cut? The new president of the European Central Bank will make a decision sure to move the euro on Thursday.
Confidence levels among European CEOs have seen a record fall over the past three months, with the situation expected to worsen further in the near term as the euro zone debt crisis threatens the stability of the region’s economy , according to a survey by the Young Presidents Organization.