Evangelos Mytilineos, CEO of Mytilineos, discusses what it’s like to be a mining company in Greece right now.» Read More
Hold the condolence cards, but the recession cost the rich. The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. The New York Times reports.
The search for a silver bullet to fix Europe’s debt mess again has come up empty.
Only the European Central Bank "has the balance sheet big enough to deal with this crisis" in Europe, Neel Kashkari, Pimco's head of equities, told CNBC Monday.
UK Prime Minister David Cameron on Monday defended his decision to veto European Union treaty changes at last week's summit of EU leaders, saying he was faced with a choice of treaty change without safeguards for Britain, or no treaty.
While most have dubbed the products of the European Union Summit as further ‘kicking the can down the road,’ I believe the outcome portends the end of the Euro currency as we now know it.
Soon after taking the reins of MF Global in 2010, Jon S. Corzine visited the Wall Street firm’s Chicago offices for the first time, greeting the brokers, analysts and sales staff there, the New York Times reports.
The latest response to the euro crisis sparks a debate over how far governments must bend to the power of markets, The New York Times reports.
In the fiscal accord, the nations that use the euro essentially agreed to go back to Plan A — that is, the principles and rules with which they created their common currency two decades ago.
As a New York Jets fan, I despair of all the talk about the New England Patriots. I desperately want to wish the Patriots away, but I cannot. They matter. When it comes to Europe, investors around the world also face this exasperating combination of having, but not wishing to pay close attention.
CNBC's Michelle Caruso-Cabrera reports on the latest developments from the EU Summit in Brussels. Did the EU do enough to avoid a downgrade? The reforms didn't do much to excite currency traders. What the summit means for the euro, with CNBC's Melissa Lee and the Money in Motion traders.
CNBC's Mandy Drury looks at the upward move in the U.S. markets, partially due to the EU agreement. And lower gas prices bring about a rise in consumer confidence.
Another week, another euro zone crisis! It feels as if this crisis is never ending, self perpetuating until an eventual Armageddon that will at the very best end with the break-up of the euro zone and at the very worst in World War III.
British Prime Minister David Cameron is facing criticisms of leaving the UK isolated after he said he would not agree to a new European Union treaty.
Fiscal transfers from Germany to other countries in the euro zone will be essential to resolving the euro zone debt crisis in the long term, Erik Britton, director at Fathom Consulting told CNBC.
What may have seemed like timid or even bumbling leadership is looking more like a consistent strategy of brinkmanship aimed at remaking the euro zone in Germany’s likeness. The New York Times reports.
The US economy has not, by any means, emerged fully from the recession of 2008. The real-estate sector is still suffering grievously from the effects of the crash, and unemployment remains uncomfortably high.
A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.
S&P places EFSF long-term AAA ratings on creditwatch negative, with CNBC's Michelle Caruso-Cabrera.
An executive in charge of controlling risk within MF Global raised concerns a few times last year about the increasing number of bets on European bonds by Jon S. Corzine, the company's former CEO, the Wall Street Journal wrote on Tuesday.
Even with the European Union economy most certainly headed for recession, hopes are growing that the U.S. will be able to escape the worst of the sovereign debt storm and keep moving on a slow-growth trajectory.