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Europe: Economy

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  • Fitch Cuts Greece, Near-Term Default ‘Highly Likely’ Wednesday, 22 Feb 2012 | 7:10 AM ET
    The Parthenon in Greece

    Fitch ratings agency on Wednesday slashed its rating for Greek sovereign debt to “C” from “CCC,” indicating that default is “highly likely in the near term.”

  • Censorship and Parody in French Election Campaign Wednesday, 22 Feb 2012 | 1:48 AM ET
    French President Nicholas Sarkozy

    One week into his re-election campaign, French President Nicolas Sarkozy has already courted plenty of controversy.

  • Finally, a Greek Deal: What Next for Markets? Tuesday, 21 Feb 2012 | 9:24 AM ET

    The second Greek bailout deal was finally clinched in the early hours of Tuesday morning, but market reaction has been decidedly mixed so far.

  • Dennis Gartman

    Greece's purported deal with its creditors will only last until a new government takes over following the spring elections, hedge fund manager Dennis Gartman said Tuesday.

  • Greece

    The agreement by private sector holders of Greek government debt to take losses of 53.5 percent as part of the 130 billion euros ($172 billion) second bailout will actually see real losses of more than 70 percent, Charles Dallara, managing director of the Institute of International Finance told CNBC.

  • Euro to Outperform Dollar in Next 6 Months: Economist Tuesday, 21 Feb 2012 | 3:35 AM ET
    Dollar_Euro_photo_AP.jpg

    HSBC Economist Stephen King says the growing likelihood of further quantitative easing (QE) in the U.S., contrasting with real efforts to slash budget deficits in Europe, suggests the single currency will come out stronger in the medium term.

  • FTSE, DAX, CAC Seen Lower Despite Greek Deal Tuesday, 21 Feb 2012 | 2:36 AM ET
    Trader-watching-stock-go-up_200.jpg

    European shares were called to open lower Tuesday despite Greece securing its crucial second bailout of 130 billion euros ($172 billion) helping it to avert a disorderly default.

  • Baltic Dry Index to Recover From Lows: Expert Monday, 20 Feb 2012 | 8:49 AM ET

    Significant oversupply in the shipping market has contributed to the Baltic Dry Index (BDI) falling by 71.87 percent over the last two years, but one expert told CNBC he believes market conditions will improve in the next few years.

  • BRICs No Safe Haven From Western Doom: Study Monday, 20 Feb 2012 | 8:12 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.

    Investors turning to the still-expanding BRIC economies of Brazil, Russia, India and China should be aware that these countries remain exposed to risks – including internal conflict and the impact of climate change – which could undermine their potential for attractive returns, a new report by global analysts Maplecroft warned on Monday.

  • If Greek Deal Is Sealed, Troubles Remain Monday, 20 Feb 2012 | 5:03 AM ET
    greece_flag_200.jpg

    Greece’s second bailout deal is expected to finally be sealed later Monday at a meeting of the Eurogroup of euro zone finance ministers, but the troubles of the heavily indebted Mediterranean country will stay on the markets' agenda, analysts believe.

  • FTSE, DAX, CAC Called Higher on Greek Deal Optimism Monday, 20 Feb 2012 | 12:55 AM ET
    Trader-watching-stock-go-up_200.jpg

    European shares were called higher Monday on the back of hopes that Greece will secure its second bailout when euro zone finance ministers meet later on Monday.

  • Switch to Risk-Neutral Position on Euro: Strategist Monday, 20 Feb 2012 | 12:17 AM ET
    Euro coins

    Investors should switch to a more risk-neutral position on the euro as the recent rally in risk assets has made currency crosses that are not risk-adverse less attractive and they may come under further pressure, Jens Nordvig, global head of G10 foreign exchange strategy at Nomura, told CNBC.

  • Greek Dilemma: New Loans Still Won't Resolve Crisis Friday, 17 Feb 2012 | 11:11 AM ET
    greece_church_flag_200.jpg

    European finance ministers are set to decide by Monday whether to give a new loans to Greece. But if you want to improve Greece’s debt-to-GDP ratio, don’t give them any more debt.

  • What Next for Greece After Another Week of Deadlock? Friday, 17 Feb 2012 | 4:39 AM ET
    greece_flag_cracked_200.jpg

    Yet another week has gone by without a final resolution of the terms of Greece’s second bailout deal within two years.

  • FTSE, DAX, CAC Called Higher on New Greek Deal Hopes Friday, 17 Feb 2012 | 1:36 AM ET
    Trader-watching-stock-go-up_200.jpg

    The main European markets were expected to open up slightly on Friday, after a week where Greece once again dominated the agenda.

  • Oil Price Spike Likely 'Within Months': Charts Pro Thursday, 16 Feb 2012 | 2:45 AM ET
    oil_spilled_over_money_200.jpg

    An oil price spike is likely this year as 10-year volatility is below average and geopolitical risks are not properly priced in, Ron William, a technical strategist at Mig Bank, told CNBC.com.

  • Europe Markets Set to Fall After Another Greek Delay Thursday, 16 Feb 2012 | 1:28 AM ET
    stock_markets_index_200.jpg

    The major European markets were called lower on Thursday after yet another delay in the Greek bailout deal.

  • Portugal Will Show That It Is Not Greece: Minister Thursday, 16 Feb 2012 | 12:32 AM ET
    portugal_flag_200.jpg

    Portugal’s economy minister sought to dispel impressions that the country could follow a similar path as Greece in an interview with CNBC, pointing out that the tough economic reforms it is carrying out enjoy the support of the population and stressing Portugal will not turn its back on the single currency.

  • Europe Crisis Will Take Years to Sort Out: Paulson Wednesday, 15 Feb 2012 | 9:48 AM ET
    Henry Paulson

    Although there are similarities with what the United States went through at the onset of the financial crisis, the issues in Europe are are more complex and will take years to resolve, Henry Paulson, former Treasury Secretary and founder of the Paulson Institute told CNBC on Wednesday.

  • Eurogroup Playing Hardball With Greece: Economists Wednesday, 15 Feb 2012 | 6:53 AM ET
    Eurogroup President Jean-Claude Juncker

    The cancellation of Wednesday’s special meeting of euro zone finance ministers, which was planned to rubber-stamp Greece’s latest bailout deal, shows that other euro zone members are increasingly bargaining harder with Greece, economists told CNBC.

Contact Europe: Economy

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