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Slovakia says yes to the expanded bailout fund, but this strategist says the euro's fun is pretty much over.
Throughout the financial crisis of 2008 and the market lows of 2009 we have suggested that recovery would be a difficult and bumpy process.
Plans to force Europe’s banks to increase their equity capital to ensure they can withstand the worsening euro zone debt crisis and restore confidence in the sector have been met with criticism from analysts and business leaders, who fear the proposals will lead to dilution for shareholders and a further backlash.
The domino effect of a Greek default is almost inevitable because of the integrated banking system within Europe, a consultant told CNBC Thursday.
The public sector has borne the brunt of the Greek bailout to date, and the private sector must start making a greater contribution, Angel Gurria, Secretary-General of the Organization for Economic Co-Operation and Development (OECD), told CNBC Thursday. The IMF, or International Monetary Fund, is an intergovernmental agency that works to keep exchange rates and the international system of payments stable.To help solve Europe's sovereign debt crisis, a special organization was set up in 2010 called the European Financial Stability Facility, or EFSF. So what is it and how does it work? CNBC explains.
Leading European banks say they would rather sell assets than raise expensive new capital to meet compulsory demands from the European Union for higher capital ratios, threatening a further contraction of credit to the enfeebled eurozone economy.
I imagine everyone would love to take a break from the ongoing market turmoil, but as a solution from euro zone governments is still not apparent, it’s difficult to ignore. Time to cut down on the talk and move to solutions. Among the number of options available, I believe the following steps are the most practical and the best way forward when one is stuck between a rock and a hard place:
Slovakia will most probably cave in to international pressure and vote for the expansion of the euro zone's bailout fund, but the previous rejection should serve as a lesson, analysts told CNBC.com Wednesday.
The latest round of quantitative easing (QE) EXPLAINS launched by the Bank of England (BoE) will not provide the stimulus that small and medium sized businesses (SMEs) need in the UK, economists told CNBC Wednesday.
Moody’s downgrade of 12 British banks last week is irrelevant to the current state of the UK banking sector, analysts told CNBC.com, adding that hell has a better chance of freezing than any British bank failing.
Yesterday’s massive 330-point stock market rally was generally linked to an expected Merkel-Sarkozy summit in a couple of weeks to nail down a new European rescue plan for bad government debt and troubled banks.
Suffocating global debt problems and overreaching intervention programs will be good for the US dollar but bad for asset prices otherwise, investment guru Marc Faber said.
The crisis plaguing the euro zone has reached a "systemic dimension", outgoing European Central Bank President Jean Claude Trichet said on Tuesday, warning that the risk of economic shocks spreading further across the financial sector has increased.
A leading British economic policymaker defended the Bank of England's (BoE) 75 billion pounds ($114 billion) boost to its money-printing program Tuesday.
The direct financial impact of the euro zone debt crisis will be felt in Asia as trading volumes on financial markets fade, just as they have in the west. When markets are as jittery as they are now, it seems geographic diversification counts for little. The FT reports.
It's time for earnings reports - and if you don't want to trade individual stocks, you can use currencies to trade general sentiment.
Regulators in the United States and overseas are cracking down on computerized high-speed trading that crowds today’s stock exchanges, worried that as it spreads around the globe it is making market swings worse. The New York Times reports.
The prospect of guaranteeing the debt of richer but more spendthrift countries like Greece, Portugal and even Italy has led to public outrage in tiny Slovakia, the second-poorest country in the euro zone where the average worker earns just over $1,000 a month. Now it is threatening to derail a collective European bailout . The New York Times reports.
Greece faces a key debt-payment deadline on October 14. Here's how to get ready.
As Europe's debt crisis grows, Fitch cuts Spain's credit rating and maintains a negative outlook. And the currency trade in light of Greece's debt crisis, with CNBC's Melissa Lee and the Money in Motion traders. With Sean Egan, Egan-Jones Ratings Co.