Europe: Economy

Prisoners Fear Freedom in Crisis-Hit Europe Wednesday, 5 Sep 2012 | 7:44 AM ET

The cost of freedom under austerity is weighing on ex-prisoners who struggle with financial instability on release from jail and become more likely to re-offend, continuing a vicious circle of crime and punishment -just as prisons approach full capacity across Britain and the rest of Europe, charities told CNBC.
European Stocks Could Correct Up to 20%: Marc Faber Thursday, 6 Sep 2012 | 1:18 AM ET

European stocks, which have been in a broad upswing for the past three months, could retreat by up to 20 percent, presenting an opportunity to move back into the market, says Marc Faber, author of “The Gloom, Boom & Doom Report.”
Stop Worrying About Euro, Start Worrying About Dollar: HSBC Thursday, 6 Sep 2012 | 4:22 AM ET

Global markets are at an inflection point and the focus is about to shift from crisis in the euro zone to a crisis in the United States according to David Bloom, the global head foreign exchange strategy at HSBC.
Euro Zone Country With Lowest Debt Says Austerity Works Tuesday, 2 Oct 2012 | 3:01 AM ET

Having a national debt of just 6 percent of gross domestic product (GDP), a budget surplus and economic growth of nearly eight percent in 2011 may sound like an unrealistic economic situation for a euro zone member state these days, but it is Estonia’s economic reality.