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Europe: Economy

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  • UK Pound Faces Bigger Plunge: Analyst Wednesday, 10 Mar 2010 | 8:40 AM ET

    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 to Go to IMF if EU Refuses Aid: Report Wednesday, 10 Mar 2010 | 7:31 AM ET

    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.

  • Economy 'Far too Close' to Double Dip: Roubini Wednesday, 10 Mar 2010 | 5:07 AM ET
    Nouriel Roubini

    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 CDS Overtures Fall on Deaf Ears in Washington Wednesday, 10 Mar 2010 | 4:38 AM ET

    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.

  • Curbing Derivatives Might Hurt, Not Help, Greece Wednesday, 10 Mar 2010 | 4:03 AM ET
    Oil traders on the floor of the New York Mercantile Exchange, New York.

    The absence of credit default swaps could push a country's borrowing costs even higher.

  • Greece's Problems Shared by Europe: Finance Minister Tuesday, 9 Mar 2010 | 11:47 AM ET
    The Parthenon in Greece

    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.

  • Europe's Red Tape Snarls Rescue Fund Idea Tuesday, 9 Mar 2010 | 8:53 AM ET

    The European Monetary Fund isn't even a formal proposal yet but it's already creating controvery among European Union leaders.

  • Economic Stimulus Was a Waste of Time: Analyst Tuesday, 9 Mar 2010 | 7:27 AM ET

    Economists at Independent Strategy have come to the conclusion that stimulus spending  has been a complete waste of time

  • Greece Urges US to Better Regulate Hedge Funds Tuesday, 9 Mar 2010 | 5:11 AM ET
    The Parthenon in Greece

    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. 

  • How Would a European Monetary Fund Work? Monday, 8 Mar 2010 | 11:19 AM ET
    Map of Europe

    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?

  • Is It Time for the UK to Peg the Pound? Monday, 8 Mar 2010 | 6:14 AM ET

    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.

  • What, Besides Islands, Can Greece Sell? Friday, 5 Mar 2010 | 8:39 AM ET
    View over the caldera of Santorini in Greece.

    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?

  • Why Europe Will Bail out Greece - Eventually Friday, 5 Mar 2010 | 5:42 AM ET

    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 EU Looks for a Legal Way to Bail out Greece Friday, 5 Mar 2010 | 3:48 AM ET

    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.

  • The 5 Billion: Greece's Epic Battle Against Debt Thursday, 4 Mar 2010 | 4:33 AM ET

    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.

  • Pound's Tumble Nearly Done but Politics Loom Tuesday, 2 Mar 2010 | 8:53 AM ET

    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.

  • Greece Must Convince EU, Market It's Thrifty Tuesday, 2 Mar 2010 | 4:49 AM ET

    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.

  • Britain's Love Affair with Its Banks Must Continue Friday, 26 Feb 2010 | 9:31 AM ET

    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.

  • Greece, Germany Spat over WWII Reparations Deepens Friday, 26 Feb 2010 | 8:35 AM ET

    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."

  • Doubts Grow About Britain's Exit from Recession Thursday, 25 Feb 2010 | 12:00 PM ET

    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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