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Armed with its own currency, Greece could make its exports more competitive, increase debt servicing capacity, and placate Germany — says blogger Peter Morici.
Societe Generale CEO Frederic Oudea once again dismissed rumors about his bank's solvency, saying exposure to the sovereign debt of Europe's troubled nations is limited.
Global financial markets continue to be roiled by the complex and alarming newsflow surrounding the European debt crisis. But the trading strategy for the upcoming votes on the bailout is straightforward.
Those who kept the United Kingdom out of the European monetary union deserve the gratitude of their people.
UK Finance Minister George Osborne faced controversy Monday as allegations resurfaced about him taking cocaine with a former madam.
As the euro zone enters the most dangerous phase of its debt crisis, bailout patience is eroding in the fiscally responsible tier of the zone. While Brussels wonders whether the Finns have become Euro-skeptic, the reality is the reverse. Europeans are turning into Finns.
The UK Chancellor, George Osborne, appeared to clear the path for a second round of quantitative easing (QE) over the weekend, telling journalists at the G7 meeting in Marseilles, France, that he saw no barriers to such an action, if the Bank of England asked for it.
Greece's problems are scaring everybody in the euro zone, but the Bulgarians still want in - it's time for your FX Fix.
There is no room for extra measures, says Constantine Michalos, Athens Chamber of Commerce and Industry president, who adds that in the past , too much austerity does not promote growth.
The cost of insuring Italian debt against default rose to a record high on Monday one day before a key bond sale, while Greek credit default swaps also hit historic highs on growing worries that the country may go bankrupt.
Carl Weinberg, the chief economist at High Frequency Economics is very worried about Europe. His central forecast is that the debt crisis will lead Europe into a depression that will mean soaring unemployment, deflation and zero interest rates for the foreseeable future.
Angel Gurria, secretary-general of the Organisation for Economic Co-Operation and Development, issued a strong defense of the euro over the weekend.
It has been another dramatic weekend in the euro zone. On Friday, Germany’s representative on the European Central Bank's governing council, Juergen Stark, resigned in protest at the bank's decision to buy Italian and Spanish bonds. He will be replaced by German deputy finance minister Joerg Asmussen.
Greece is unable to repay its debts, according to Richard Bove, banking analyst at Rochdale Securities, and given that the euro zone banking system has yet to mark sovereign debt holdings to market, many banks will be forced to raise new capital.
The UK's banks should ring-fence their retail operations from riskier investment banking and increase their capital requirements beyond what is required by the Basel III directives, a much-anticipated report by the Independent Commission on Banking (ICB) said Monday.
CNBC's Maria Bartiromo questioned Frederic Oudea, Societe Generale chairman & CEO, regarding exposure to the debt crisis and rumors about the company's capitalization.
The euro is in free fall as panic over Europe heats up. Discussing how low the euro will go, with CNBC's Melissa Lee and the Money in Motion traders. Will the Greeks get the boot from the Eurozone?
CNBC confirms Greek denial of weekend default rumors and details on ECB board member Juergen Stark's resignation, with CNBC's Guy Johnson and Silvia Wadhwa.
One crisis meeting is hot on the heels of the other and our policy makers - central bankers, ministers, heads of state and government - jet stream around the globe, trying to "manage" the crisis, writes CNBC's Silvia Wadhwa.
The euro is nothing more than an economic mirage because it lacks the essential building blocks of a long-term secure currency, according to Tim Martin, chairman of UK pub restaurant chain JD Wetherspoon.