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Europe: Economy

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  • SAP Headquarters

    SAP's $3.4 billion acquisition of California based online software company SuccessFactors was "definitely" at the right price despite coming at a 52 percent premium, SAP co-CEO Jim Hagemann Snabe told CNBC.

  • FTSE, CAC, DAX Seen Flat; EU Summit in Focus Monday, 5 Dec 2011 | 1:14 AM ET
    Close-up of a pen on stock price chart

    European stocks were called to open flat on Monday ahead of a summit of European Union leaders on Friday and a crucial meeting in Paris between French President Nicolas Sarkozy and German Chancellor Angela Merkel, due to take place on Monday.

  • More in UK Give to Charity — But Not as Much Friday, 2 Dec 2011 | 12:11 PM ET

    More people gave money to charity in the United Kingdom in 2010/2011 than the year before, although the average donation fell by about 8 percent, or £1 ($1.5), with medical research topping the list of charitable causes, a new report published on Friday showed.

  • Arthur Andersen Ex-CEO: Enron, Europe Are Similar Friday, 2 Dec 2011 | 8:03 AM ET
    Enron

    A number of similarities exist between the collapse of Enron in 2001 and the current sovereign debt crisis in the euro zone, Joe Berardino, CEO at Alvarez & Marsal and the former CEO of Enron's accounting firm, Arthur Andersen, told CNBC.

  • FTSE, CAC, DAX Seen Higher; US Jobs Data Eyed Friday, 2 Dec 2011 | 3:00 AM ET
    Close-up of a pen on stock price chart

    European stocks were called to open slightly higher on Friday after a dramatic rally in Asia on Thursday eased in overnight trade on Friday. 

  • Common Sense Will Prevail, Euro Will Survive: Minister Thursday, 1 Dec 2011 | 8:32 AM ET
    European Central Bank

    Bulgaria still wants to join the euro zone despite recent predictions that the single currency will collapse, but does not agree with a single tax rate in the currency area, Traicho Traikov, minister of economy for Bulgaria, told CNBC on Thursday.

  • ECB Prepared to Step Up Crisis Fight: Economist Thursday, 1 Dec 2011 | 6:58 AM ET
    European Central Bank

    The European Central Bank could take on a greater role in attempts to tackle the debt crisis in the euro zone, conditional on national governments implementing economic reforms, Silvio Peruzzo, European Economist at RBS told CNBC.

  • No One Wants Euro Collapse: Austria Finance Minister Thursday, 1 Dec 2011 | 4:14 AM ET
    E.U. Flags

    A collapse of the euro will not benefit any of the 17-member currency zone's members and struggling euro zone countries must instead focus on getting their finances in order to restore stability, Austrian finance minister Maria Fekter told CNBC.

  • FTSE, CAC, DAX Seen Higher After Central Banks' Action Thursday, 1 Dec 2011 | 2:34 AM ET

    European stocks were called to open higher on Thursday, tracking Asia overnight where stocks rose after the European Central Bank, the Federal Reserve, the Bank of Canada, Bank of England and the Swiss National Bank cut the cost of US dollar liquidity swaps to ease a potential US dollar funding crisis in the European banking sector.

  • Central Bank Action Merely 'Buys Time' for Europe Wednesday, 30 Nov 2011 | 9:09 PM ET

    Stocks in Asia surged on Thursday, after the coordinated action by global central banks. But according to a number of analysts CNBC spoke to, the rally is unlikely to last, as the move merely buys time for Europe's leaders and doesn’t solve the region’s fundamental debt problems.

  • FTSE, CAC, DAX Set to Fall; Euro Rescue Fund Boosted Wednesday, 30 Nov 2011 | 12:52 AM ET

    European stocks were expected to open lower on Wednesday after euro zone officials agreed to boost the European Financial Stability Facility bailout fund and raised the possibility of asking the International Monetary Fund  for more assistance late on Tuesday.

  • Nouriel Roubini: Italy's Debt Must Be Restructured Tuesday, 29 Nov 2011 | 9:51 AM ET
    Nouriel Roubini

    Italy's government debt is unsustainable and needs an orderly restructuring to avoid a disorderly default, economist Nouriel Roubini wrote on Tuesday.

  • The crisis in the euro zone will escalate in 2012, economists at Citi said on Tuesday, sending the countries that share the euro into recession next year and resulting in no more than “modest but sustained growth in the U.S. and still relatively strong – albeit slowing – growth in Asia."

  • ECB Must Act or It Is 'Game Over': Economist Tuesday, 29 Nov 2011 | 4:04 AM ET

    The European Central Bank must act sooner rather than later in order to avoid a grave outcome for the euro area and possibly the euro itself, according to Credit Suisse Economist Yiagos Alexopoulos.

  • US Deficit Deadlock Has Echoes of Euro Crisis Tuesday, 29 Nov 2011 | 3:37 AM ET

    Europe's deepening debt crisis is echoed in the United States by the inability of President Barack Obama and Congress to strike a bipartisan deficit deal.

  • FTSE, DAX, CAC Seen Flat After Rally Tuesday, 29 Nov 2011 | 1:02 AM ET

    European markets were called broadly flat Tuesday as investors await news from European policymakers on further details of the bailout fund to help stricken euro nations and following a rally that saw markets post the biggest one-day gain in a month on Monday.

  • FTSE, DAX, CAC Seen Higher on IMF Italy Hopes Monday, 28 Nov 2011 | 2:04 AM ET
    Close-up of a pen on stock price chart

    European shares were called higher Monday morning on hopes that a reported aid package may be available for Italy from the International Monetary Fund and that Europe is stepping up attempts to activate its bail out facility.

  • 'Sudden Crisis' Averted, But Coming in January Friday, 25 Nov 2011 | 9:53 AM ET
    Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade in Chicago, Illinois, U.S.

    Researchers at Exclusive Analysis who expected a “sudden crisis” scenario to unfold by November 26 have put back the expected arrival date of such an event, saying a crisis is now not likely to unfold until the end of January as new technocratic governments in the euro zone offer the region temporary relief.

  • E.U.

    More and more analysts looking at the euro zone predict that another recession is inevitable, as banking sector tensions combined with political wrangling over the debt crisis will depress consumer confidence further.

  • Hungary Says Moody's Downgrade Is 'Financial Attack' Friday, 25 Nov 2011 | 2:25 AM ET
    Budapest, Hungary

    Hungary's economy ministry says a downgrade to junk status of the country's credit rating by Moody's has no real basis and is part of a series of "financial attacks" against the country.

Contact Europe: Economy

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