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Europe Top News and Analysis Greece

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    European shares were set to rise Tuesday, bouncing back from seven-week closing lows in the previous session on worries about the euro zone debt crisis, after Wall Street cut its losses.

  • Earlier this morning, Nouriel Roubini sent out this tweet: "Greece & Ireland are solvency not liquidity."

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    There are clearly two perspectives emerging on Europe's problems and this chasm in perspectives will become more clear as time goes by. The budget minded nations are reigning in the less disciplined sovereigns. Solvent Europe vs. broke member nations.

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    The premium investors demand to hold Belgian government bonds rather than benchmark German debt rose to its widest level since early 2009 on Monday as the country issued 2 billion euros of 2014, 2020 and 2035-dated bonds.

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    European shares were indicated higher Monday, expected to reverse some of last week's losses after the European Union agreed an 85 billion euros ($113 billion) bailout for Ireland at the weekend.

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    While the market pullback isn't even in the realm of a correction, worries that Europe's debt crisis could  hurt the global economy are weighing on what otherwise could be a robust rally.

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    Here's the disturbing headline statistic: Portugal, Ireland, Greece, and Spain have sucked out 93 percent of the total liquidity taken from the ECB and other central banks.

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    Belgium faces an important test Monday, when it aims to sell between 1.5 billion euros ($1.9 billion) and 2.5 billion euros worth of bonds in an auction that will indicate the level of investor confidence in the nation plagued by political turmoil and high levels of debt.

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    Fears of contagion from the euro zone crisis were running high Friday but correlations between markets suggested investors were not as afraid of a systemic crisis as they were back in May and June.

  • Ireland is actually in a better economic position than other struggling euro zone states, Chris Watling, managing director at Longview Economics, told CNBC Thursday.

  • Spain

    Any bailout of Spain could severely stress the ability of Europe’s stronger countries to help the financially weaker ones, and spell deep trouble for the euro. The New York Times reports.

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    European shares were set to open higher on Thursday, adding to gains in the previous session, and after Wall Street rose on upbeat economic data. 

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    The euro is not in trouble but there are big imbalances in the euro area that need to be addressed, the Eurogroup's president Jean-Claude Juncker told CNBC Wednesday.

  • Fortunately, the important news from Spain is good and the recent market punishment, which has seen sovereign spreads to Germany rise substantially, is unwarranted.

  • Euro coin in front of the giant symbol of the Euro outside the headquarters of the European Central Bank.

    The euro is not in trouble but there are big imbalances in the euro area that need to be addressed, the Eurogroup's president Jean-Claude Juncker told CNBC Wednesday.

  • Traders sit in front of their screens at the stock exchange in Frankfurt/Munich, western Germany.

    Financial bookmakers expect to see Europe's top indexes rising on Wednesday, with resource-related shares finding support in rising metal and commodity prices.

  • Japan will be forced to take austerity measures similar to those embarked upon in many European countries, but Prime Minister Naoto Kan’s five-month-old government has so far failed to take decisive action to get Japan’s economy back on track, Tobias Harris, author of "Observing Japan" said.

  • Portugal

    Portugal is bracing for an increase in speculative trades against it as some investors expect it to be the next European nation to need a bailout now that Ireland is taking a massive loan to prop up its banks.

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    European stock index futures pointed to a lower open on Tuesday, as investors were rattled by mounting tensions in the Korean peninsula.

  • The biggest bailout the European Union will have to do if it comes to it will be Spain and it is worrying that there is not a set mechanism on how to go about it, Cornelia Meyer, CEO & Chairman, MRL Corporation, told CNBC Monday.