*Georgiades says Ireland, not Greece, role model for Cyprus. NICOSIA, March 5- Cyprus hopes to borrow on financial markets this year, its finance minister told Reuters on Thursday, saying the island's economy had more in common with bailout turnaround Ireland than Greece. Harris Georgiades said Ireland, which reformed after near bankruptcy, was a role model as...» Read More
European stocks were called to open lower on Thursday as investors look ahead cautiously to the summit of European leaders at the weekend, following reports that France and Germany are not in agreement over the European Central Bank's involvement in efforts to strengthen the European Financial Stability Facility (EFSF).
Demonstrators on Wednesday threw stones and gasoline bombs at police outside parliament during a two-day general strike that unions described as the largest in years.
Tens of thousands of protesters rallied in front of the Greek parliament on Wednesday and there were isolated outbreaks of violence as a general strike shut down much of the country ahead of a vote on a painful new round of austerity measures.
Markets seem to be increasingly optimistic that Sunday's European Union summit will help provide some sort of resolution to the euro zone's well-documented problems.To help solve Europe's sovereign debt crisis, a special organization was set up in 2010 called the European Financial Stability Facility, or EFSF. So what is it and how does it work? CNBC explains.
While the headlines brim with tales of the euro zone debt crisis, rising inflation and people like Nouriel Roubini warning of an approaching hard landing in China, there’s evidence that some market players, at least, are getting richer.
Volatility in European equity markets and quarterly earnings reports out of the US are distorting the price of stocks and making it hard for investors to buy in the short term, Chris Tinker, equity strategist at Libra Investment Services told CNBC Wednesday.
The youth unemployment rate is expected to show a "minimal decrease" in 2011 since its peak last year but the young, particularly in areas most hit by the crisis, are struggling to find jobs, the International Labor Organization said in a report released Wednesday.
European stocks were called to open higher on Wednesday, tracking gains in US and Asian stocks but investor skepticism persisted over this weekend's summit of European leaders and their ability to reach definitive decisions on how to solve the region's sovereign debt crisis.
Greece has been the butt of jokes throughout the financial crisis, and the implication is always the same: that the Greek people are lazy and don’t like to work.
A 100 percent 'haircut' or write off of Greek debt would be needed to reduce Greece's debts to a manageable level, a senior analyst told CNBC Tuesday.
European stocks were expected to open lower on Tuesday after German Finance Minister Wolfgang Schaeuble zapped investor optimism by warning on Monday there would be no rapid solution to the sovereign debt crisis within the euro zone.
Athenians are tensely bracing themselves for three key events his week in the ongoing tragedy that is the Greek debt crisis.
European stocks were expected to open higher on Monday after closing the week higher on Friday, marking a third consecutive week of gains.
Portugal’s parliament is expected to comfortably pass an austerity budget for 2012 on Monday, aiming to regain the confidence of investors who are concerned over the country’s high level of debt.
Putting more capital into the banking system is not enough to solve Europe's financial problems or restore investor confidence, said Josef Ackermann, CEO of Deutsche Bank.
As Greece edges ever close to a heavily anticipated default, the European Central Bank needs to step up measures to support growth if it wants to prevent the euro zone from slipping back into recession, Barry Eichengreen, Professor of Economics and Political Science at the University of California, Berkeley told CNBC.com.
Markets are over their fears that the worst will happen in the world economy as investors hope that Europe will finally find some solution to the debt crisis, Wilbur Ross, WL Ross chairman and CEO, told CNBC Friday.
European stocks were expected to open flat on Friday, with weak Chinese trade data and the S&P downgrade of Spain's credit rating on Friday likely to impact investor sentiment in Europe..
The Nordic country of 5 million people may decide to leave the single European currency and return to its markka if it is forced to cough up funds to support weaker euro zone members, Matthew Lynn, an analyst with Strategy Economics, wrote in a research note on Thursday.
Plans to force Europe’s banks to increase their equity capital to ensure they can withstand the worsening euro zone debt crisis and restore confidence in the sector have been met with criticism from analysts and business leaders, who fear the proposals will lead to dilution for shareholders and a further backlash.