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Europe: Economy

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  • What the Pros Say About the Euro's Future Tuesday, 8 Jun 2010 | 9:36 AM ET

    The euro hit an all-time low versus the Swiss franc Tuesday, after hitting a 4-year low against the dollar the previous day. The single currency recovered in morning trade but fell back against the greenback in early afternoon, and analysts say it will remain volatile. Check out what the pros have to say.

  • Zombie

    The world's sovereign debt crisis should be tackled in the same way one tackles fictitious zombies – “save those you can, but leave many to die,” Nicoholas Colas, ConvergEx chief market strategist, wrote in a research note.

  • Will 'Rogue Trader' Kerviel Escape a Jail Sentence? Tuesday, 8 Jun 2010 | 5:11 AM ET
    Jerome Kerviel shown here released on bail from La Sante Prison by a Parisian court on March 18, 2008 in Paris, France. Jerome Kerviel, the Societe Generale rogue trader was accused of losing 4.9 billion euros (7.2 billion US dollars) through unauthorised trading.

    Jerome Kerviel goes to trial Tuesday over unauthorized trades that cost French bank Societe Generale 4.9 billion euros ($6 billion) in 2008.

  • Strong Fundamentals Outmatched by Weak Sentiment Tuesday, 8 Jun 2010 | 4:08 AM ET

    It has been difficult to get away from the doom and gloom in recent days as investors fretted over the euro-zone debt crisis and the thought of what the US economy would look like without huge stimulus from the Treasury and Federal Reserve.

  • Euro Zone Nations Set Up $1 Trillion Bailout Fund Monday, 7 Jun 2010 | 4:30 PM ET
    Stacks of 5-Euro bills

    Eurozone nations on Monday started setting up a massive bailout fund that could rescue any member of Europe's currency union from default, aiming to soothe market jitters that have sent the euro to a new four-month low against the dollar.

  • Last week’s market turmoil may have rattled investors, but there are still buying opportunities for those looking to get into the market—though analysts differed on the best investments.

  • Ten Bearish Factors Facing the Economy: O'Neill Monday, 7 Jun 2010 | 12:27 PM ET

    There are ten key factors facing the economic recovery which investors need to be cautious of, Jim O'Neill, head of global economic research at Goldman Sach, wrote in a research note Sunday.

  • “The current problems will be with us for 5 years or more and uncertainty is very high," Anthony Fry, senior managing director at Evercore Partners, told CNBC Monday.

  • UK Leader: Budget Cuts Will be Harsher than Feared Monday, 7 Jun 2010 | 4:32 AM ET
    David Cameron

    British Prime Minister David Cameron says the pain of cutting the national deficit will be worse than previously feared, and will affect everyone in the country.

  • Talk of Double-Dip Risk Is Getting Louder Monday, 7 Jun 2010 | 4:10 AM ET

    I am feeling a bit gloomy. I started this sovereign debt crisis looking on the bright side but now I have been got at. So many of our guests at CNBC are downbeat right now, that the downdraft has been hard to dodge.

  • Euro May Rise to $1.60 Due to Austerity: Economist Friday, 4 Jun 2010 | 5:35 AM ET
    Euro bills in hand

    Austerity measures imposed by the euro zone will likely push the euro back towards $1.50 or even $1.60 but the European currency is unlikely to achieve the status of reserve currency, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com Friday.

  • Did 2004 Olympics Spark Greek Financial Crisis? Thursday, 3 Jun 2010 | 6:37 AM ET

    When it comes to overspending, Greece gets the gold medal. Governments in the Greek capital of Athens haven't balanced a budget in nearly 40 years, and the country narrowly averted bankruptcy in May before panicky European partners grudgingly put up massive rescue loans.

  • G20 to Talk About Averting Armageddon - Again Thursday, 3 Jun 2010 | 5:02 AM ET
    Tens of thousands of people voiced their anger at the world economic crisis in London's financial district in April 2009, one day before a summit by leaders of the G20 countries in Europe's financial capital.

    Remember April 2009 when the G20 met in London? Gordon Brown was hosting world leaders and claiming he had saved the world while protests brought large parts of the UK capital to a halt.

  • Debt Crisis May Cause Run on Europe Banks: Strategist Thursday, 3 Jun 2010 | 4:16 AM ET

    Coordinated liquidity measures and quantitative easing may have to return and banks could take another hit to their balance sheet because of the sovereign debt problems in the euro zone, according to Ashok Shah, the CIO at London & Capital.

  • Charts: Euro to Fall to Parity and Below vs Dollar Wednesday, 2 Jun 2010 | 8:50 AM ET
    Euro bills

    The euro is set to plummet toward its lowest level since the single currency appeared on traders' screens back in 1999, Mark Sturdy, director at Seven Days Ahead, told CNBC Wednesday.

  • Want to Get out of Debt? Copy Canada: Jim O'Neill Wednesday, 2 Jun 2010 | 4:51 AM ET
    Canadian flag

    As the rest of the world speculates which bank/country/continent will require another bailout, Canada serves as a “shining” example on how to escape the debt spiral, Jim O’Neill, chief economist at Goldman Sachs, told CNBC on Tuesday.

  • Worst for European Banks is Behind: Strategist Tuesday, 1 Jun 2010 | 10:08 AM ET
    A broker works as his control screen shows a graph of activity on the French Stock Exchange in Paris.

    The European Central Bank may have shocked the markets with its prediction that bank losses are likely to increase in the near-term, but other economists believe the worst is behind us, and that governments have the power to force banks to lend.

  • Euro to Go Under $1.20 'Almost Certainly': Gartman Tuesday, 1 Jun 2010 | 8:44 AM ET
    Euro bills and U.S. dollars being exchanged

    The euro will drop even further against the dollar because Europe's problems will not be easy to solve, Dennis Gartman, author of "the Gartman Letter," told CNBC Tuesday.

  • Volatility to Dominate Stock Markets in June Too Tuesday, 1 Jun 2010 | 7:03 AM ET
    New York Stock Exchange

    After the worst May for the Dow Jones index since 1940, fueled by fears over Europe’s debt crisis, concerns over Chinese tightening and financial regulation, some were hoping for a better June.

  • German Unemployment Rate Falls to 7.7% Tuesday, 1 Jun 2010 | 4:49 AM ET

    Germany's Federal Labor Agency says the country's unemployment rate declined to 7.7 percent in May.

Contact Europe: Economy

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