Andrew Taylor, co-CEO at Juwai.com, discusses the rising trend of wealthy Chinese outbound real estate investments in the Mediterranean.» Read More
The euro zone will need political unification to save the euro, Alan Greenspan, former chairman of the US Federal Reserve, wrote in an opinion piece in the Financial Times.
French banks could handle a capital hit caused by their exposure to peripheral sovereign debt, but have fallen victim to negative market sentiment, David Byrne, director of fund management at Swiss Canto Funds Centre in London, told CNBC.
Jean-Claude Trichet defended his run as European Central Bank president in an interview with CNBC on Thursday, saying the bank had delivered its key objective of price stability and that the euro was here to stay.
It must be quite interesting be in Mr. Wen Jiabao’s shoes at the moment. The Premier of the globe’s second largest economy is living in a world that seems to be on the brink of a recession due to sovereign debt crisis in Europe and lack of recovery in the US.
As the French and Belgian governments race towards a second rescue for stricken financial group Dexia, fears that the Franco-Belgian group is just the first of many banks in need of aid are intensifying.
Jean-Claude Trichet will chair his last monetary policy meeting at the ECB, with CNBC's Silvia Wadhwa.
The European Union's executive proposed coordinated recapitalization of banks on Thursday as the bloc's regulators met to review capital buffers of stressed lenders.
People are often biased by their immediate surroundings, to the extent that it crowds out other relevant thinking. We econometricians suffer from this; we are constantly trying to counter effectively the bigger influence of more recent data on results
The European Central Bank (ECB) was urged to slash the euro zone base rate to one percent as the European debt crisis threatened a second recession but high inflation makes such a move unlikely.
Europe’s top banking regulator has started to re-examine the strength of the region’s banks, modelling a big writedown of all peripheral eurozone sovereign debt, reported the FT.
Discussing the state of college endowments from the Barefoot Economic Summit, with Chas Cocke, Investure managing director, and CNBC's David Faber.
“They are forcing Greece to almost internally default and figure out who they are going to pay, and who they are not going to pay,” said Bass.
Insight into what is next for Greece and discussing the steps the European Union has taken to lever global debt, with Kyle Bass, Hayman Capital Management managing partner and CNBC's David Faber at the Barefoot Economic Summit.
The British Prime Minister David Cameron defended the coalition government’s austerity plans on Wednesday telling delegates at the Conservative party’s annual conference in Manchester: “Our plan is right, and our plan will work.”
When chancellor of the exchequer, George Osborne, got up to speak at the Conservative party conference on Monday, he knew he had to tread a fine line between optimism that the British economy could recover and wasn’t going to fall into a "double-dip" recession, versus facing down calls from the Liberal Democrats to ease public spending cuts and those on the right of his own political party calling for an end to the 50p tax rate at the very least.
"This time around there's going to be a lot more burden sharing. I don't think the market has quite understood that it's not simply a matter of recapitalization," says the CEO of the world's largest bond fund.
Turkey gets tough and the Australians go shopping - it's time for your FX Fix.
It would be better if policymakers let a disorderly default of Greece take place and recapitalized banks, an analyst told CNBC Wednesday.
As strikes threatened to bring struggling Greece to a standstill Wednesday, pessimism about the future of the euro zone — in its current form at least — continued to plague the Continent.
As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.