Europe: Economy


  • Joint Euro Bonds Needed to Solve Crisis: Economist Friday, 16 Sep 2011 | 2:06 AM ET
    European Central Bank

    Joint euro bonds are needed to solve the euro zone debt crisis, Societe Generale’s head of research, Patrick Legland, told CNBC Thursday.

  • FTSE, DAX, CAC Seen Higher Ahead of EU Meeting Friday, 16 Sep 2011 | 1:08 AM ET

    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.

  • Europe's Impossible Choice: The Greek Exit Paradox Friday, 16 Sep 2011 | 12:56 AM ET
    A man walks outside the Bank of Greece headquarters during a demonstation against government's austerity measures in central Athens.

    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.

  • Central Banks Fix Liquidity, Not Solvency Problems Thursday, 15 Sep 2011 | 12:23 PM ET
    Dollar and Euro

    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.

  • Euro Zone Crisis Seen as Opportunity by One CEO Thursday, 15 Sep 2011 | 9:06 AM ET

    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.

  • FTSE, DAX, CAC Seen Sharply Higher on Greek Hopes Thursday, 15 Sep 2011 | 1:15 AM ET

    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.

  • Pressure on European Leaders Ahead of IMF Wednesday, 14 Sep 2011 | 7:27 AM ET

    Markets around the world have been waiting for decisions from euro zone leaders on greater fiscal integration and euro bonds since July.

  • 50 Percent Chance Euro Crisis Will Be OK: Analyst Wednesday, 14 Sep 2011 | 3:51 AM ET
    A customer reads an edition of La Vanguardia newspaper with the front page headline' Maximum Alert' about the Spanish and Italian bond crisis.

    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.

  • Five More Reasons to Worry About Euro Zone Wednesday, 14 Sep 2011 | 3:20 AM ET

    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.

  • FTSE, DAX, CAC Seen Lower After Banks' Downgrade Wednesday, 14 Sep 2011 | 2:09 AM ET
    Share Price chart

    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.

  • BNP Denies It Cannot Obtain US Dollar Funding Tuesday, 13 Sep 2011 | 7:19 AM ET
    BNP Paribas

    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 Is 'Dead Wood' in Euro Zone: Fund Manager Tuesday, 13 Sep 2011 | 6:53 AM ET

    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.

  • Clean Up Like a Banker by Betting on a Banker? Tuesday, 13 Sep 2011 | 4:51 AM ET

    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.

  • World Facing 'Crisis of Capitalism': Economist Tuesday, 13 Sep 2011 | 2:11 AM ET

    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.

  • Stocks Hit Hard by Euro Zone Fears Monday, 12 Sep 2011 | 9:18 AM ET
    A trader sits in front of a board displaying Germany's share index DAX at the stock exchange in Frankfurt/Munich, western Germany.

    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.

  • Map of Europe

    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.

  • 'Nobody's Leaving the Euro': OECD Secretary-General Monday, 12 Sep 2011 | 5:04 AM ET

    Angel Gurria, secretary-general of the Organisation for Economic Co-Operation and Development, issued a strong defense of the euro over the weekend.

  • 'Only a Matter of Time' Before Greek Default: Bove Monday, 12 Sep 2011 | 3:22 AM ET

    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.

Contact Europe: Economy


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