CNBC's Seema Mody provides highlights from a CNBC interview with Greece's former FM Yanis Varoufakis.» Read More
A deal that imposes 50 percent losses on private sector bondholders means Greece's debt burden will be sustainable, Greek Prime Minister George Papandreou said on Thursday.
"I'm a great optimist in life," the man known as Dr. Doom told CNBC Wednesday. "Otherwise I would commit suicide in view of the kind of governments we have nowadays."
As markets have been rebounding on euro hopes, the eurozone leaders have been debating a plan that should satisfy the financial markets. The hope is futile. A comprehensive plan does not exist. The eurozone crisis will get worse before it will get better.
Negotiators remain divided, however, on the issue of what will happen to the remaining 50 percent of the current outstanding 205 billion euros ($284.9 billion) of debt load.
The yen's on a roll, and it's Europe Day again - time for your daily FX Fix.
With France's economic growth outlook fast deteriorating, President Nicolas Sarkozy increasingly has little choice but to launch a new round of belt-tightening six months from a presidential election.
Congratulations and commiserations: next week, you will take up one of the most important central banking jobs in the world; but you will also bear a frightful responsibility. The FT reports.
Premium hotels are doing surprisingly well thanks to visitors from the US and BRIC nations. CNBC takes a look at fourteen of the grandest hotels in Europe.
Eurozone leaders were struggling on Tuesday to reach agreement on a much-anticipated deal to reverse their spiralling debt crisis amid mounting signals a definitive agreement would not be reached at a key summit on Wednesday night. The FT reports.
Strategist: Time For a Vacation From Europe
Though financial institutions are not yet turning away customers at the door, they are trying to discourage some depositors from parking cash with them. NYT reports
Now that it is clear that austerity is making the economy of Greece contract, worsening its debt problems, I think it is only a matter of time before Greeks repudiate the most enshrined view of serious people everywhere: that debt repudiation would be disastrous.
House prices across the UK will fall by 5 percent next year, according to estate agents Knight Frank, although prime central London property will remain immune to the downturn as it is buoyed by international buyers.
The Wednesday Watch is on in Europe, and investors are hopeful - time for your FX Fix.
As European leaders ready themselves for another summit on the euro zone crisis, one economist said that the critical situation in Greece should be dealt with by focusing on growth instead of debt.
The countries that will have the most success in weakening the real value of their currencies "are likely to flourish better or at least suffer less than others," author Andrew Smithers wrote.
Discussing the euro zone debt crisis, and possible solutions, with Andrew Busch, BMO Capital Markets, and Nicholas Burns, former U.S. ambassador to Greece.
The currency markets have been all about Europe all week long. Here's a way to trade the upcoming debt-crisis meetings.
How you can profit from this weekend's EU summit by using currencies, with CNBC's Scott Wapner and the Money in Motion traders. And making money off the yen, as the dollar falls to record levels against it.
Every snippet of Europe news is moving the markets ahead of the summits. Here's a euro trade for when the knee-jerk reactions subside.