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Europe Top News and Analysis Greece

  • European Central Bank

    Experience suggests European politicians will struggle to agree on a deal that would actually draw a line in the sand of the entire euro zone debt crisis. Many blame their indecision for getting the euro in this position in the first place.

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    Some ill-chosen words from Silvio Berlusconi about his finance minister and a warning from S&P have seen Italian bond yields soaring and investors across the globe beginning to fret over the world’s third biggest issuer of government debt.

  • Speculation has been building about who might want to buy the other newspapers owned by Rupert Murdoch's News Corp in the UK, after the News of the World closure.

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    In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial, according to the FT.

  • Bernanke Testifies to Congress on U.S. Monetary Policy

    Traders will be tuned in to Bernanke's Senate testimony Wednesday to see what he says about the economy and any new stimulus measures. Don't get too excited about a QE3, one economist said — that was just the Fed thinking out loud.

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    Italian bond yields are up, stocks are down, and Prime Minister Berlusconi is vowing quick passage of an austerity plan. But the real problem is the euro.

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    The euro takes a beating and the trade deficit dents the dollar - time for your FX Fix.

  • Close-up of a pen on stock price chart

    European banking stocks fell sharply Tuesday before starting to rebound, with Unicredit and Deutsche Bank among the top losers, on fears that sovereign debt crises in peripheral euro zone countries might spread.

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    Late last week, Berlusconi managed to undo years of work aimed at keeping Italy out of the sights of the bond vigilantes when he was reported to have launched a scathing attack on his fiscally conservative finance minister, Giulio Tremonti.

  • Statue and Italian Flag in front of Vittorio Emanuele monument.

    Italy's family savings will keep the country from defaulting, Alessandro Capuano, head of Italian desk at IG Markets, told CNBC Tuesday.

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    European bank stocks are now trading like technology stocks did before the bust of the early 2000s, Peter Toogood, Director of Investment Services at Old Broad Street Research, told CNBC Tuesday.

  • eu building brussels

    After yet another midnight wait for a more or less cryptic "policy" statement by EU officials, CNBC puts together a translation of the hermetic euro policy language into plain English.

  • George Soros

    Greece is heading for default, or at least a devaluation, and European Union (EU) leaders have to adopt a "plan B" to stem contagion to the rest of the bloc, billionaire investor George Soros said on Tuesday.

  • Euro bills

    The Euro zone finance ministers are having a critical debt crisis meeting today. They are trying their best. But the situation is difficult and complex, both from a financial and political perspective.

  • Financials: Weak Q2 Results?

    An outlook on banking stocks and the impact of sovereign debt on the bottom line, with David Konrad, Keef, Bruyette & Woods, and Erik Oja, Standard & Poor's.

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    The ongoing crisis in the euro zone is creating a trading opportunity among safe-haven currencies, this strategist says.

  • German Chancellor Angela Merkel

    German Chancellor Angela Merkel pressed Monday for a quick agreement on a new rescue package for Greece, and said she is confident that Italy will push through an austerity plan.

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    Inflation bites in China, Italy and Greece sting the euro - it's time for your FX Fix.

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    After the European market closes on Friday, global markets will be digesting the results of the latest set of stress tests for European banks. Those that fail will need to raise more capital and the health of those that pass is likely to remain in doubt given questions being raised about the credibility of the tests.

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    As euro zone finance ministers meet to discuss the latest plan on the table aimed at solving the Greek debt crisis, one fund manager is warning that Italy and Spain will be downgraded, raising the possibility of "carnage" for global markets.