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  • Global Markets Update: Europe Extends Losses as Wall Street Slumps

    Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.

  • EU Leaders Set to Conclude Austerity Is Not Enough Monday, 30 Jan 2012 | 10:21 AM ET
    E.U. Flags

    Bowing to mounting evidence that austerity alone cannot solve the debt crisis, European leaders are expected to conclude this week that what the euro zone countries need is a dose of economic growth. The New York Times reports.

  • Greek Talks Hit the Euro, Dollar Gets a Lift Monday, 30 Jan 2012 | 8:05 AM ET
    fx_fix_1_200.jpg

    Slow progress on Greek debt and a looming EU summit sap risk appetite and lift the buck — it's time for your FX Fix.

  • Greek Fury at Plan for EU Budget Control Monday, 30 Jan 2012 | 6:04 AM ET
    Greek Parliament

    Greece’s finance minister angrily rejected a German plan for the euro zone to impose a budget overseer onto Athens, saying it would improperly force his country to choose between “financial assistance” and “national dignity”. The FT reports.

  • Jim Rogers: No One Leaves the Euro Zone This Year Monday, 30 Jan 2012 | 4:36 AM ET
    Jim Rogers

    No country will exit the euro zone this year but a solution to the debt crisis remains elusive, Jim Rogers, CEO and chairman at Rogers Holdings, told CNBC Monday.

  • greece_flag_200.jpg

    Greece once again appears on the verge of reaching a deal with its private-sector creditors on how much of a loss they would be willing to accept on their bond holdings, The New York Times reports.

  • Oil Rig

    Benchmark crude oil prices will likely rise this week as risk appetite improves on optimism that Greece and private sector creditors are nearing a deal on a debt swap, CNBC's weekly survey showed.

  • Money Match Up Friday, 27 Jan 2012 | 5:30 PM ET
    Money Match Up

    Is the risk rally for real? Stocks, risk currencies rally on hopes of a global recovery. Currency traders signal the all-clear on the global economy, with CNBC's Melissa Lee and the Money in Motion traders. And will the jobs report ruin the rally. The currency trade behind next week's jobs report. With Joe LaVorgna, Deutsche Bank.

  • Greek Default Not in Cards: German Finance Minister Friday, 27 Jan 2012 | 4:17 PM ET
    Greek Default Not in Cards: German Finance Minister

    "I am convinced we can avoid a Greek default," Wolfgang Schauble, Germany Federal Minister of Finance tells CNBC's Maria Bartiromo. "We are trying to do a growth friendly deficit deduction," he adds. Oilli Rehn, European Commissioner for Economic and Financial Affairs, also weighs in.

  • What Will The ECB Do When Greece Pays It Back? Friday, 27 Jan 2012 | 3:42 PM ET
    european_union_crack2_200.jpg

    Everyone is thinking of the European Central Bank’s Greek bond holdings the wrong way.

  • ECB Won't Take Debt 'Haircut': Jean-Claude Trichet Friday, 27 Jan 2012 | 2:33 PM ET
    eu_building__flags_brussels_140.jpg

    During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.

  • Can the ECB Lose Money on Greek Bonds? Friday, 27 Jan 2012 | 1:15 PM ET
    A Euro sign sculpture stands in front of the European Central Bank's (ECB) headquarters.

    The European Central Bank has reportedly come under pressure to “participate” in the haircuts being negotiated for Greek bonds.

  • European economic commissioner Olli Rehn at the World Economic Forum.

    A deal with private investors to swap Greece's debt to a more manageable burden is close to being concluded and the next three days are crucial, Olli Rehn, the European Union's monetary affairs commissioner, said during a debate hosted by CNBC in Davos.

  • Europe Risks 'Balkanization': UK Chancellor Friday, 27 Jan 2012 | 11:25 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The biggest risk brought on by the euro debt crisis is "Balkanization" – the fragmentation of economic interests according to narrow, mainly national criteria, UK Chancellor George Osborne told CNBC Friday.

  • For Greece, the Outlook Is Still Grim Friday, 27 Jan 2012 | 11:21 AM ET
    greece_flag_200.jpg

    Even as Greece tries to convince creditors that its debt-reduction efforts are on track, gloomy new IMF forecasts about its long-term economy are threatening to derail talks meant to secure the nation’s next big installment of bailout funds. The New York Times reports.

  • Davos Absentees: Who Didn't Show Up? Friday, 27 Jan 2012 | 9:09 AM ET
    French President Nicholas Sarkozy

    Where is Greece's Papademos? Where is Mario Monti? What happened to the prime ministers of Spain and Portugal? Were they not invited to the Davos Summit? Surely, they were.

  • Euro Lifts, Dollar Slips, Greek Drama Continues Friday, 27 Jan 2012 | 8:03 AM ET
    fx_fix_1_200.jpg

    The euro rises on happy talk, GDP hangs over the dollar - it's time for your FX Fix.

  • Live Blog: 'The Future of the Euro Zone' Event Friday, 27 Jan 2012 | 5:47 AM ET
    A one Euro coin stands on a map of Brussels.

    This is a live blog from "The Future of the Eurozone," an event at the World Economic Forum in Davos, Switzerland, in which our panelists will debate the question, "How will the Eurozone economies emerge from the euro crisis?"

  • Euro Leaders Talking Regionally, Acting Nationally: Economist

    "Europe needs a two-speed euro," Dr Gerard Lyons, chief economist at Standard Chartered, said on CNBC, "You don't have any room for flexibility, any room for manoeuver and that's why here at Davos, one of the big worries that people have is that this European problem is going to run."

  • RBS CEO Called on to Reject $1.5 Million Bonus Friday, 27 Jan 2012 | 3:35 AM ET
    The Royal Bank of Scotland Headquarters

    As bonus season in the City of London gets underway in earnest next week the first of the UK’s major banks, Royal Bank of Scotland (RBS), announced the bonus package for its chief executive Stephen Hester on Thursday evening and immediately came in for criticism.