Jim Cramer says to stop kidding ourselves, the U.S. is linked to China and the damage could make Greece look like nothing.» Read More
Optimism about some better-than-expected economic data from Europe is likely to be short-lived and the euro and stocks will remain under pressure, analysts said.
The deterioration in growth in the Greek economy means that getting the private sector involvement necessary to reduce the debt of the country will not be enough to make the debt manageable, according to one expert.
The worst of the euro zone crisis is over as leaders in the European Union have taken a lot of steps to fix the underlying issues, Otmar Issing, a German economist and former European Central Bank chief economist, told CNBC late on Tuesday.
Negotiators will be back in Athens tomorrow to continue discussions about reducing Greece's debt, with CNBC's Michelle Caruso-Cabrera.
There is trouble brewing over the European Central Bank's Greek debt position, but Greek Prime Minister Papademos isn't going near it.
"Printing money's not an answer to addressing the issues that you raised," says Greek Prime Minister Papademos.
China grows, Spain sells bonds, rating agencies predict a Greek default - it's time for your FX Fix.
Insight on how the global markets will respond to the S&P downgrades of several Euro Zone economies, with Kevin Ferry, Cronus Futures Management, and Marchel Alexandrovich, Jefferies International sr. European economist. "Greece is that one big uncertainty that can destroy European markets," says Alexandrovich.
Investors are bracing for a return to volatility when markets in the United States reopen on Tuesday, the New York Times reports.
The United Kingdom will retain its triple-A credit rating this year thanks to the Bank of England’s policy of quantitative easing and demand for UK gilts, City-based analysts told CNBC.
British traders and executives are facing a disappointing bonus season – just as politicians are putting renewed pressure on the bonus culture and executive pay.
In an exclusive interview, Greek Prime Minister Lucas Papademos is taking straight aim at those who suggest Greece should abandon the euro: “This is really not an option.”
The United Kingdom is likely already back in recession and may see unemployment approach three million before the end of the year, economic think tank the Ernst & Young Item Club forecast on Monday.
Greek Prime Minister Lucas Papademos, in an exclusive interview with CNBC, said “printing money is not an answer” when it comes to the European Financial Crisis, and declined to wade into the growing controversy over the ECB’s role in Greek debt.
CNBC's Michelle Caruso-Cabrera sits down with Greek Prime Minister Lucas Papademos to discuss the country's ongoing negotiations with the private sector and Greece's place in the euro zone.
As Europe’s debt turmoil enters its third year, no clear solutions are yet in sight — despite recent signs that a new lending program by the European Central Bank might be easing pressures.
Standard & Poor's cut its ratings on nine European countries, including France, Spain and Italy. French and German officials played down the significance of the move.
After months of rumors, S&P downgraded France, Italy and Spain. Germany, the Netherlands and Finland were spared. What the downgrade means for the euro, with Sean Egan, Egan Jones, CNBC's Melissa Lee and the Money in Motion traders.
Standard & Poor's is expected to cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, according to reports.
Standard & Poor's will cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, a French newspaper said Friday.