*Historic victory sets new challenge for Europe. ATHENS, Jan 26- Greek left-wing leader Alexis Tsipras on Monday agreed to team up with a right-wing party to form a new hardline, anti-bailout government determined to face down international lenders and end nearly five years of tough economic measures. The trouncing of conservative Prime Minister Antonis...» Read More
Joint euro bonds are needed to solve the euro zone debt crisis, Societe Generale’s head of research, Patrick Legland, told CNBC Thursday.
European stocks were expected to make solid gains at the open on Friday ahead of a meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner in Poland.
German Chancellor Angela Merkel and French President Nicolas Sarkozy have both said that Greece will not leave the euro, but the "unthinkable" is now being seriously considered at all levels.
Five of the world's largest central banks have announced a coordinated injection of dollars into banking systems, in response to growing concerns over liquidity problems in the euro zone. However, analysts say, they cannot solve the underlying solvency crisis.
Problems in the euro zone could offer an opportunity for UK listed DIY giant Kingfisher, its CEO, Ian Cheshire, told CNBC Thursday
Saudi Arabia's Central Bank Governor, Muhammad Al Jasser, said yesterday that "everyone" was concerned over the fragile state of the US economy and Europe's ongoing sovereign debt crisis, according to Reuters reports.
Stocks across Europe were expected to make significant gains at the open on Thursday, following a show of support for Greece from Angela Merkel and Nicolas Sarkozy.
Markets around the world have been waiting for decisions from euro zone leaders on greater fiscal integration and euro bonds since July.
The challenges facing the euro zone are immense and about to reach an "end game" according to one analyst who puts a 50 percent probability on everything turning out OK.
Investors will have to deal with an avalanche of news flow from Europe on Wednesday ahead of a crucial meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner on Friday.
European stocks were expected to open lower on Wednesday after Moody's downgraded Societe Generale and Credit Agricole's ratings on worries about their exposure to Greece.
Embattled French bank BNP Paribas has been forced to deny rumors, published in the Wall Street Journal, that it has been struggling to gain dollar funding from US money market funds.
Greece should leave the euro zone in order to prevent the sovereign debt crisis engulfing major economies and threatening its very existence, a fund manager told CNBC.
The banking sector in Europe has been largely unable to staunch the heavy selling of stocks as investors bet the euro zone debt crisis will lead to recapitalization for the region's lenders and a second collapse in bank shares in the last three years.
Following the economic and market "bungee jump" out of the 2009 abyss, one economist is warning that we face a "once-in-a-lifetime crisis of capitalism" and "Deficit Attention Disorder."
European stocks are expected to make healthy gains at the open following a report that Italy is seeking support in the bond market from China.
European stocks are trading sharply lower on Monday with banks across the region the biggest fallers on fears the euro zone debt crisis has taken a turn for the worse over the weekend.
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.
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.
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