BRUSSELS, Sept 21- Scotland's rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the "Great Stagnation", and how to avoid it.» Read More
Markets generally remain way too optimistic over the economic recovery, but the UK has the potential for the biggest disappointment with the pound set to slide as low as $1.31 by year end, Hans Redeker, global head of foreign exchange at BNP Paribas, said Tuesday.
Greece is likely to formally ask the European Union for financial aid if the cost of borrowing does not fall in coming weeks and, if it doesn't get it, may go to the International Monetary Fund, Greek government officials told Dow Jones Newswires.
Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini said.
Greek leaders' overtures for far tougher curbs on credit default swaps fell largely on deaf ears in Washington, but they'll go back to Athens with some sage advice from local policy wonks: look in the mirror and don't blame market messengers for your debt woes.
The absence of credit default swaps could push a country's borrowing costs even higher.
Greek Financial Minister George Papaconstantinou told CNBC Tuesday that there is "no question" the country's three-year deficit reduction plan will succeed, but he said its problems are also something that pertain to all of Europe.
The European Monetary Fund isn't even a formal proposal yet but it's already creating controvery among European Union leaders.
Economists at Independent Strategy have come to the conclusion that stimulus spending has been a complete waste of time
Greek Prime Minister George Papandreou is due to meet President Barack Obama. Greece is briefing the Obama administration on reforms and discussing global financial regulation.
Plans for the creation of a European Monetary Fund have been gaining momentum as the debt crisis in Europe continues. But how would a European IMF work?
While it definitely is too early to refer to the pound as plummeting, it is not too early to start thinking about the unwanted effects of the pound's volatility.
If islands are not a real cash option and - often deplored by Greek politicians - many of the valuable antiquities have long been pilfered (by fellow Europeans), what DOES Greece still have to sell?
The amount of bickering around the Greek crisis shows that Europe is clearly not ready for a United States of Europe - not yet and maybe not ever.
The European Commission invited regulators, central banks, ratings agencies, fund managers and brokers for a technical meeting Friday in Brussels to discuss the fundamentals of the credit default swaps market.
This is war! That was the message from Athens Wednesday as the Greek government tried to combat the debt threat that hangs over the country.
The pound's fall is nearly over but foreign exchange markets are still going to watch developments, since parity with the euro can not be ruled out as the country gets closer to a crucial spring election, analysts and traders told CNBC.com Tuesday.
It's set to be a tumultuous week in the Greek financial crisis that will reach its crescendo Friday when Prime Minister George Papandréou travels to Berlin to meet with the German Chancellor Merkel.
The Greek government's second bond auction of the year will be one of the key drivers of global markets over the coming days. While no date is yet set, Athens must raise significant funds via bond sales or face the prospect of default.
The public spat between Greece and Germany over the issue of World War II reparations deepened Friday, when Greek Prime Minister George Papandreou backed up his deputy's earlier claims by saying that the issue was still "open."
Fears mounted Thursday that Britain may not have emerged from recession at the end of 2009 after all, as statistics showed a dramatic fall in business investment in the last three months of the year.
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