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As Germany and the European Central Bank battle over what to do next on Greek debt restructuring, or lack of it, one economist is predicting the answer could be scrip money, and lots more trouble ahead.
With little appetite for a change of course on Plan A, the team at the UK Treasury will be hoping for some luck on the economy over the next few months. But even if their luck dries up one economist believes there is room for manoeuver within Plan A.
The role of consumer inflation expectations has become overplayed in the politicized environment that central banks are now operating in, and to be effective, institutions like the European Central Bank may need to be less fixated on their public credibility, Paul Donovan, economist at UBS, told CNBC.com.
In order for a deal on Greece to be agreed, Germany dropped its demand for restructuring of Greek debt and some pain for private bond holders.
Dollar or euro? Pick your poison. The dollar has a massive move vs. the euro, with CNBC's Melissa Lee and the Money in Motion traders. And with the Chinese government slated to release a slew of economic data next week, the traders look at how to use currencies to profit from it.
Ever since the financial crisis of 2008 it feels as if markets are never that far away from another bad news story.
The euro zone’s reluctance to consider some kind of restructuring for Greece – and at some point Ireland and Portugal – has been heavily criticized by economists, who believe a default of some kind by one or all three of the troubled economies is now inevitable.
The German parliament voted in favor of a resolution on Friday from the ruling coalition parties to back additional aid for Greece.
Greece's Cabinet has approved a new round of austerity measures that are essential for the debt-ridden country to continue receiving funds from its international bailout.
CNBC's Silvia Wadhwa Says: Why Not Print Your Own Money?
The European Union must save Greece and private bondholders have already begun to price in taking part in future efforts to bail out the indebted country, Herbert Stepic, Raiffeisen Bank International CEO, told CNBC.com.
Whilst the Bank of England sits on the sidelines, the boss of the European Central Bank on Thursday is expected to signal he will raise rates next month to curb inflationary pressures.
Former Prime Minister Tony Blair has urged European Union members to move closer together and form common policies on areas such as energy, defence, immigration and crime, the FT reports.
With Greek 10-year bond yields trading above 16 percent, and the government about to make 6 billion euros worth of new cuts, the numbers on Greek austerity don't add up, one analyst says.
Slowly but surely, negotiators seem to be inching toward some kind of fix - at least for now - for the euro debt mess. Here's how to trade it.
A recovery in the US housing market and growth for the US economy are key to the global economic recovery, along with growth in China and further funding for Greece, Gary Baker, head of European equity strategy at BofA Merrill Lynch told CNBC.
What is one to make of recent economic data, particularly in the advanced countries? Is the world economy slowing? If so, should policy do anything about it and, if so, what might the alternatives be? The FT reports.
Talk about a possible default by Greece has caused some concern for SAP in Central and Eastern Europe but it is not changing the company's plans, Manfred Joseph, managing director at SAP CEE, told CNBC.com.
Agustin Carstens, the underdog candidate to head the International Monetary Fund, has accused European governments of trying to pre-empt the fund’s succession process and failing to tackle their own debt problems, reported the FT.
U.S. President Barack Obama and German Chancellor Angela Merkel answer questions regarding the global economy, jobs, and the situation in the Middle East.