Judge Vassiliki Thanou was sworn in Friday as Greece's first female prime minister, heading a caretaker government until elections are held.» Read More
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.
The euro zone was launched on a wing and a prayer. The wing has fallen off and the deities are not listening to prayers. Everyone focuses on averting a crash. But it is as vital to ask how to fly securely, the FT reports.
Deutsche Bank scrapped its profit target for this year, announced 500 job cuts and said that it would take further impairment charges on its holdings of Greek sovereign debt, sending its shares down on Tuesday.
European Union finance ministers are examining ways of co-ordinating recapitalisations of financial institutions after they agreed that additional measures were urgently needed to shore up the region’s banks. The FT reports.
The guest blogs are carrying some smart currency-related commentaries today. Here's a guide.
Executives at Franco-Belgian bank Dexia are scrambling to put forth a restructuring plan, in the face of a market onslaught, with CNBC's Mary Thompson and Steve Liesman.
The 17 families meeting the last few days — and I can't remember if it was the EU, the ECB, the IMF, the EIB, CIA, FBI or what- decided to make no decision except to cancel the meeting scheduled for October 13, and meet in November.
The euro ministers are working on a restructuring for Greece that includes much larger haircuts for the private sector and that they don’t want to make a payout until this is settled.
Australia may cut rates, China may start a trade war, and the Greek tragedy plays on - time for your FX Fix.