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Europe Top News and Analysis Greece

  • Governor of the Bank of England Mervyn King

    The Bank of England raised its medium-term inflation forecast to just under 2 percent in its May inflation report, potentially paving the way for a November rate rise.

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    The boss of French banking giant BNP Paribas has told CNBC that he sees no risk of contagion from the problems facing Greece, Portugal and Ireland.

  • United States Treasury Secretary Timothy Geithner

    In Ireland the Irish Times columnist Morgan Kelly has caused a stir by suggesting that his country needs to break free of the terms of its bailout from the European Union and the International Monetary Fund if it is to thrive as a nation.

  • European Central Bank

    Given such a debt burden, what are the chances that a country with Greece's history would be able to finance its debt in the market on terms consistent with a decline in the debt burden?

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    Britain's economy is unlikely to grow as fast as before the financial crisis because its most productive sectors have been hardest hit, jeopardising government plans to cut the deficit, reports the FT.

  • Fast Money Web Extra

    Web-only investor advice from CNBC's Melissa Lee and the Fast Money traders.

  • Fast Money Final Trade

    The final word on the trading day and your first trade tomorrow, with CNBC's Melissa Lee and the Fast Money traders.

  • Kass on Housing Stocks

    Doug Kass, of Seabreeze Partners, says stocks will sell off this spring after home buyers turn out to be no shows, with CNBC's Melissa Lee and the Fast Money traders.

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    Rumor in the market today is that another 60 billion Euros will be flowing to Greece from the EU or the IMF, or maybe both. It really should come from the IMF in my mind since they are the yahoo's that predicted long term interest costs for Greece would be 5.6% in 2012. While there is always a chance for a miracle, long term Greek bonds are at an almost 16% yield. So if Greece is to get money, it'll have to come from the EU or the IMF.

  • Euro bills and coins in cash register tray

    Germany and the rest of Europe will loan Athens more money to keep Greece servicing its debt and prevent writedowns by European governments and banks on loans they've already made to Greece.

  • Euro bills and U.S. dollars being exchanged

    The euro has dropped more than 5% against the dollar in a matter of days. But this strategist says it won't last.

  • Rumor time for the euro, good times for commodity currencies. Time for your daily FX Fix.

  • Who Does Greece Owe?

    CNBC's Simon Hobbs has the story on what the Greeks owe that makes the rest of Europe so scared.

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    The plan to deal with the euro zone debt crisis and avoid restructuring before 2013 is failing, Willem H. Buiter, Chief Economist at Citi Investment Research and Analysis said on Tuesday.

  • Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    Europe should help countries that are in trouble but these countries need to show that they are tackling their deficit problems themselves, like Britain has done, UK Chancellor of the Exchequer George Osborne told CNBC in an interview Tuesday.

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    Greece on Tuesday denied a Dow Jones report that it expects a new aid package of nearly 60 billion euros ($85.71 billion) to deal with its debt crisis.

  • The Parthenon in Greece

    As far as Europe’s real economy is concerned, the problems on the periphery are just that, peripheral, according to Credit Suisse’s Robert Barrie.

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    European stock market futures pointed to a slightly higher open after Wall Street closed Monday slightly up on the back of commodity related news and China posted its highest trade surplus in four months in April.

  • A man walks outside the Bank of Greece headquarters during a demonstation against government's austerity measures in central Athens.

    Restructuring Greece’s debt is both desirable and inevitable, despite insistence from European Union officials over the weekend that the idea is off the table, reports the New York Times.

  • Global Markets

    Last week spelt the end of the inflation story and this is a reason to be bullish. That is the view of UK-based Michael Browne, a fund manager at Martin Currie.