FRANKFURT, June 3- Europe has lost some growth momentum and bond market volatility is here to stay, the European Central Bank said on Wednesday, pledging to see through its money printing scheme until its job of lifting the economy is done. In remarks after the bank left rates on hold at record lows, ECB president Mario Draghi also urged a deal with Greece, which is...» Read More
The stereotype of the lazy Greek worker, putting in long hours but not producing much, and not declaring everything to the taxman, has dogged the country’s efforts to get international sympathy.
European Union Energy Commissioner Gunther Oettinger said "we need a United States of Europe" and that "there is no 'Plan B'" for the euro zone, in an interview with CNBC on Wednesday.
The 1,200 who waited for bread, rice and vegetable soup at a kitchen visited by CNBC this week are just a fraction of the many hungry people in Athens and the surrounding area, as the noose of austerity tightens around the Greek population.
One of Greece’s most powerful weapons in the fight to get its economy back on track and avoid a potentially catastrophic crash out of the euro could be the millions of Greeks who live elsewhere.
Greek leftist party Syriza is committed to keeping Greece in the euro zone, its leader Alexis Tsipras said on Wednesday.
European shares were called to open slightly higher on Wednesday as bargain hunters sought cheap stocks on the back of recent falls caused by fears that the Spanish bailout might lead to a further spread of contagion in the euro zone debt crisis.
The euro zone crisis has entered its third phase, that of a flight of capital, and this will push the euro much lower, foreign exchange strategists from Nomura wrote in a market note.
The Greek politician who is a potential kingmaker in the upcoming election has told CNBC he will only form a government with left-wing Syriza if it agrees to work with the bailout.
European shares were called to open lower on Tuesday after Cyprus said it urgently needed European financial aid to shore up its banking system, a step that would make it the fifth euro zone economy to seek help.
European shares were called to open higher on Monday after euro zone finance ministers agreed to lend Spain up to 100 billion euros ($125 billion) to shore up its crippled banking system on Saturday.
The idea of a Greek or Spanish exit from the euro zone, once viewed as an extreme worst-case scenario given credence only by the most bearish, is increasingly becoming part of the mainstream.
The world economy sits on a “wobbly stool” but its three legs – Europe, the United States and China – remain solid, UBS Wealth Management said, reaffirming its view that investors should take on some risk, mostly in high-yield credit.
European shares were called to open lower on Friday, snapping a four-day rally, after Fitch ratings agency downgraded Spain’s sovereign debt by three notches to triple B, just above junk status, and the International Monetary Fund (IMF) was set to warn Spain’s banking system would need a bailout package worth 40 billion euros ($50 billion).
The Greek crisis has gone too far and the country would be better off exiting Europe's single currency area, Harvard Professor Martin Feldstein told CNBC.
The fiercely-contested elections in Greece could signal a bottom in equity markets, if the new government can “play by the rules” with international creditors, according to Daniel Morris, market strategist, JP Morgan Chase.
Tensions ahead of fresh elections in Greece on June 17 spilled over in a televised political debate on Thursday when a spokesman for the far right Golden Dawn party physically attacked two female members of parliament from opposing political parties throwing water at one and punches at another.
Voters in Greece will have to think hard about who they support in the second national election in the country in six weeks as a protest vote for anti-bailout party Syriza could lead to “impoverishment” for Greece if it is forced to leave the euro, former Greek finance minister Stefanos Manos said in an interview with CNBC.
European shares were called to open higher on Thursday on fresh hopes that German and European Union officials are exploring ways to rescue Spain's debt-stricken banks, although Madrid has not yet requested assistance.
The euro zone is increasingly threatened by leaders putting off decisions about its problems, Paul Taylor, president and chief executive of ratings agency Fitch, told CNBC’s “Squawk Box Europe” Wednesday.
European shares were called to open higher on Wednesday after finance ministers from the G7 major economies discussed progress toward financial and fiscal union in Europe in an emergency call on Tuesday and agreed to work together to deal with problems in Spain and Greece, but took no joint action.