Europe: Economy


  • Goldman's Debt Swaps Are 'Destabilizing': Economist Wednesday, 17 Feb 2010 | 1:04 AM ET

    The EU should thoroughly investigate the case of the debt swaps involving Greece and Goldman Sachs, as these types of operations are destabilizing financial markets, economist Simon Johnson told CNBC.com.

  • As EU Waffles, Greece Boils Down to Credibility Tuesday, 16 Feb 2010 | 8:38 AM ET

    Crisis meeting follows crisis meeting on resolving the debt debacle in Greece, but it seems solutions and even resolutions are hard to find.

  • Lenders Fret as Dubai's Real-Estate Situation Worsens Tuesday, 16 Feb 2010 | 6:22 AM ET
    The Burj Dubai towers in Dubai, United Arab Emirates.

    To analyze the current turmoil in markets and with sovereign debt it may be best to turn to the famed entrepreneur and guru Willy Wonka (the Gene Wilder 1971 version).

  • EU Warns Greece To Prepare For Even Tougher Measures Monday, 15 Feb 2010 | 5:31 PM ET

    European finance ministers are telling Greece to prepare for even tougher spending cuts and new taxes, including a tax on luxury goods and cars, to fix its debt crisis.

  • Stocks Will Hit New Highs by Summer: Trader Monday, 15 Feb 2010 | 11:33 AM ET

    The economic recovery and improving employment picture in the U.S. will help to boost stocks and the market will push to new highs by the summer, Piers Curran, head of trading at Amplify Trading, told CNBC Monday.

  • Who Is Talking Europe Into Crisis? Monday, 15 Feb 2010 | 10:58 AM ET

    Europe, the EU and the euro zone are not on the brink of an abyss. They are simply dealing with the expected problems inside the biggest currency area in the western world. And they will deal with them.

  • EU Wants Greece to Explain Debt Swaps Monday, 15 Feb 2010 | 8:38 AM ET

    The European Commission said Monday that it wants Greece to explain how it used complex financial deals that allegedly made its debt limits look lower.

  • Market Tips: Get Out of Stocks and Bonds Friday, 12 Feb 2010 | 6:10 AM ET

    Global stocks were mixed Friday, with European shares paring earlier gains after preliminary data showed the euro zone economy's recovery faltered in the fourth quarter, on top of investors still uncertain as to what will happen to Greece.

  • Market Tips: Keep to Shorter-Term Bonds Thursday, 11 Feb 2010 | 5:36 AM ET

    Global stocks rose on Thursday, hitting a one-week high, as investors looked to European Union leaders to lay the foundations for a financial rescue of Greece at a summit in Brussels, Belgium.

  • US, Europe Will All Default On Their Debt: Marc Faber Wednesday, 10 Feb 2010 | 2:38 PM ET
    Dr. Marc Faber

    The governments of every developed economy will eventually default on their sovereign debt, including the US, the UK and Western Europe, Marc Faber, editor of the Gloom, Boom & Doom report, told CNBC.

  • Opportunities in Greece, Spain: Portfolio Manager Wednesday, 10 Feb 2010 | 8:44 AM ET

    It is certainly time to watch out for investment opportunities in Greece, Kingsley Jones, international portfolio manager at Macquarie Funds Management Group, told CNBC on Wednesday.

  • Baltic Poor Take Austerity Measures on Chin Wednesday, 10 Feb 2010 | 6:19 AM ET

    As financial markets panic about the risks to the euro from laxer governments in southern Europe, the northern Baltic states are already in tight fiscal bandages as they experience Europe's most severe recession.

  • Market Tips: Volatile Swings Will Continue Wednesday, 10 Feb 2010 | 5:34 AM ET

    Global stocks were mostly higher on Wednesday and Greece's borrowing costs fell on the prospects of a bailout, while safe-haven German government bonds dipped and the euro eased after the previous session's hefty gains.

  • Europe Searches for Way Out Of Its Growing Debt Crisis Tuesday, 9 Feb 2010 | 12:00 PM ET
    Euro bills and coins

    Financial markets are betting heavily that Greece's crushing debt could drag down the entire eurozone, and that could force reluctant EU leaders into an embarrassing bailout.

  • Why Sovereign Debt Pain Has Only Just Started Tuesday, 9 Feb 2010 | 9:45 AM ET
    What's Next?

    The rise in Greek yields is a clear warning markets are in the mood to 'punish any country that takes creditors for granted. '

  • Europe Should Burn the Speculators: Stiglitz Tuesday, 9 Feb 2010 | 7:12 AM ET
    Joseph E. Stiglitz

    Countries like Greece are being "attacked by financial markets" and the European Union should intervene in the stock market to "teach speculators a lesson," according to Nobel Prize winning economist Joseph Stiglitz.

  • Market Tips: Why You Should Stay in Stocks Tuesday, 9 Feb 2010 | 6:47 AM ET

    Global stocks were mixed on Tuesday and investor sentiment remained weak on euro zone fiscal deficit concerns. But experts told CNBC the recent pullback is routine and investors should stay fully invested in stocks.

  • Market Tips: 2010 Is About Stocks, Not Markets Monday, 8 Feb 2010 | 6:15 AM ET

    Global stocks were mixed on Monday, with European shares rebounding from three-month lows. But investors remained wary of the situation in the euro zone regarding sovereign debt. Experts told CNBC this year is about all about stocks and not markets. They share their investment strategies.

  • Critical Time for the Double Dip Scenario Monday, 8 Feb 2010 | 4:49 AM ET

    A pause is all very well, but if the monetary crutch that has supported recovery is kicked out too soon, that double dip scenario could become a reality.

  • Portugal Adds Political Crisis to Debt Woes Mix Friday, 5 Feb 2010 | 11:07 AM ET

    Portuguese authorities' favorite expression is: Portugal is not Greece. Everybody, from the country's central bank governor to economists in private banks, says this.

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