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Europe: Economy

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  • European Stocks Called Lower as Euro Crisis Talks Stall Thursday, 20 Oct 2011 | 2:02 AM ET

    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).

  • Violence Erupts as 2-Day Strike Shuts Down Greece Wednesday, 19 Oct 2011 | 10:59 AM ET
    Protesters throw petrol bombs to riot police as they demonstrate in front of the Greek parliament in Athens on October 19, 2011 as a two-day general strike began against a new austerity bill demanded by Greece's international creditors to avert bankruptcy.

    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.

  • Greek Protests Turn Violent Ahead of Austerity Vote Wednesday, 19 Oct 2011 | 9:25 AM ET
    European Austerity Protest: Greece

    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.

  • EU Crisis Resolution on Sunday Uncertain: Analysts Wednesday, 19 Oct 2011 | 7:45 AM ET

    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.

  • World's Wealth Growing, but Not Evenly: Credit Suisse Wednesday, 19 Oct 2011 | 7:26 AM ET

    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.

  • Apple, Yahoo and Why It's Hard to Buy Stocks Now Wednesday, 19 Oct 2011 | 6:44 AM ET
    Apple

    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.

  • Jobless Youth Face Crime, Drugs, Depression: ILO Wednesday, 19 Oct 2011 | 5:30 AM ET

    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 Seen Higher, Eyes on Europe Rescue Deal Wednesday, 19 Oct 2011 | 2:16 AM ET
    Close-up of a pen on stock price chart

    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.

  • Greeks Work Hard, So Why Is There a Debt Crisis? Tuesday, 18 Oct 2011 | 11:42 AM ET
    Greek Red Cross workers demonstrate in front of the Greek Parliament the Greek Parliament on October 11, 2011. New strikes hit Greece on October 11 as the government finalized talks with its EU-IMF creditors on additional spending cuts to secure payment of a bankruptcy-saving loan. Civil servants blocked the entrance to several ministries, teachers and municipal staff walked out and a key refinery began a protest shutdown ahead of a general strike on October 18.

    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.

  • Greek Debt Writedown of 100 Percent Needed: Analyst Tuesday, 18 Oct 2011 | 7:07 AM ET
    The Parthenon in Greece

    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.

  • Close-up of a pen on stock price chart

    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.

  • Heaped rubbish remains uncollected in Athens, Greece. Bin men have begun a strike with officials warning of a "health time bomb".

    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. 

  • Portuguese Austerity Seen Getting OK on Monday Saturday, 15 Oct 2011 | 8:38 AM ET

    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.

  • Europe Needs More Than Cash: Deutsche Bank CEO Friday, 14 Oct 2011 | 6:29 PM ET
    EU building flags brussels

    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 for Europe: Wilbur Ross Friday, 14 Oct 2011 | 7:41 AM ET

    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 to Open Flat; Spain Rating Cut Friday, 14 Oct 2011 | 1:18 AM ET

    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..

  • How Finland Could Bring the Euro's Demise Thursday, 13 Oct 2011 | 7:37 AM ET
    Finland

    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.

  • Bank Recapitalization Inadequate Debt Crisis Solution? Thursday, 13 Oct 2011 | 6:54 AM ET

    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.

Contact Europe: Economy

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