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Europe: Economy

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  • Greece Replaces Head of Debt Management Agency Friday, 19 Feb 2010 | 8:57 AM ET

    Greece has replaced the head of its debt management agency, the Foreign Ministry said, just as the country finds itself in the spotlight for allegedly hiding the size of its debt problem.

  • Greece-Bashers Reveal the EU's Hypocrisy Friday, 19 Feb 2010 | 6:06 AM ET

    Is it me or is there a high degree of hypocrisy in the way politicians and economists are reacting on a country-by-country basis to the dire fiscal positions of various European Union states?

  • Greek Swaps 'Dug Up' Because of US Regulatory Battle? Thursday, 18 Feb 2010 | 8:22 AM ET
    The Parthenon in Greece

    Greece's debt swaps came to light because of the battle between big banks and regulators in the US, Gikas A. Hardouvelis, professor of finance at the University of Piraeus and chief economist at Eurobank EFG Group, told CNBC Thursday.

  • Charts: Gold Set to Hit $1,400 in 12 Months Thursday, 18 Feb 2010 | 7:17 AM ET

    The price of gold looks set to push higher, as long as it holds above the $1,000-level, and could hit $1,400 per troy ounce over the next 12 months, Daniel Bruno, chartered market technician from FXboss.info, told CNBC Thursday.

  • Georgia Is Emerging from its 'Perfect Storm': President Thursday, 18 Feb 2010 | 4:54 AM ET

    Georgia suffered a double shock in the summer of 2008 as it entered a brief war with Russia just before the collapse of Lehman Brothers signaled the start of the global economic crisis. But the troubled country is now putting its tough times behind it, Georgian President Mikheil Saakashvili told CNBC Wednesday.

  • China Will Keep Trimming Treasurys: Jim Rogers Thursday, 18 Feb 2010 | 1:41 AM ET
    Treasury Building

    China's move to unload US debt is likely to continue in the long term while the "euro scare" may last a while, legendary investor Jim Rogers told CNBC.com Wednesday.

  • Greek Ex-Minister: Other Euro Countries Did Swaps Too Wednesday, 17 Feb 2010 | 12:02 PM ET
    The Parthenon in Greece

    Greece's 2001 deal to swap some of its debt using currency derivatives was in line with what other euro-zone countries were doing, Yiannos Papantoniou, the country's finance and economy minister when the deal was made, told CNBC.com Wednesday.

  • Charts: Euro Could Jump Higher on Short Covering Wednesday, 17 Feb 2010 | 6:49 AM ET

    The euro looks set to reverse some of its recent losses against the dollar and yen as investors scramble to cover bets that the currency will fall, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.

  • 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
    Lithuania

    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.

Contact Europe: Economy

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