If Greece doesn't stick to that, there will be no further aid, "Schaeuble said according to the pre-publication extract. He said a Grexit was not the desired outcome and nobody had forced a bailout upon Greece so the ball was in Athens' court. Greek Prime Minister Alexis Tsipras denied on Friday that Greece would need another international bailout.» Read More
Hopes for an expansion of the European Financial Stability Fund, and the financial rescue vehicle's ability to avert a euro zone debt crisis, have seen investors putting some investment riskk back on the table since Monday.
Stocks in Europe are expected to follow Asia and Wall Street sharply higher on Tuesday on hopes that European officials are close to agreeing to a plan that will avert a banking crisis and ring-fence Greece’s debt problems.
After the weekend's International Monetary Fund (IMF) meeting passed with no concrete announcements on the resolution of the Eurozone debt crisis, one analyst called for a "Paulson moment" between politicians and fiscal policymakers in Europe.
The euro zone will be in a recession before the end of the year, an economist from the Royal Bank of Scotland told CNBC Monday.
Attempting to decipher what will happen next in the euro zone crisis following the annual meeting of the International Monetary Fund in Washington is no easy task.
In a male-dominated industry, female stock pickers are a rare breed. But when it comes to buying equities and surviving on little sleep, all while managing a family as well as a portfolio, women often come out ahead of their male peers.
After a weekend of talks at the International Monetary Fund’s annual meeting in Washington over how best to deal with the euro zone debt crisis, we appear no closer to a resolution.
European stocks are expected to open lower following a weekend of talks over how to deal with the euro zone debt crisis, hard line comments from the German Chancellor and the resignation of the CEO of UBS.
European policymakers are quickening their preparations to cope with an escalation of the region's debt crisis as talk of a possible Greek default gained pace.
European stocks were expected to open higher on Friday after a selloff of equities in Asia overnight followed a disastrous day for European and US markets on Thursday, with shares in all of Europe's major indexes falling by as much as 5 percent.
The leaders of six members of the G20 group of world economic powers issued a joint open letter to the French president Nicolas Sarkozy on Thursday, calling for decisive action to be taken over the eurozone debt crisis.
The European Central Bank was buying Italian and Spanish government bonds in the markets on Thursday, traders told CNBC.
Austerity-weary Greeks lashed out against more tax hikes and pension cuts with a new round of strikes, with public transport workers, taxi drivers, teachers and air traffic controllers walking off the job Thursday.
Slovenia's minority government has collapsed after a no-confidence vote and this could further complicate the passage of legislation to scale up and enhance the European Financial Stability Facility (EFSF), a key element of the euro zone's crisis response.
Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.
European stocks were set to for a deep fall on Thursday after Wall Street's sell-off sparked by worries over the Federal Reserve's grim outlook for the economy.
The European Central Bank says it loaned $500 million to a single bank for seven days, raising further fears that a major financial institution could be in trouble.
The European banking system is the biggest threat to global equities, according to a survey of investors by Barclays Capital.
Germany sold 4.188 billion euros of 10-year government bonds on Wednesday in an auction that attracted greater demand than at a previous sale and sent borrowing costs to a record low in the category.
Angela Merkel's coalition partner, whose party has formed the main political opposition to the extension of the European Financial Stability Facility within Germany, told CNBC Wednesday that he believes the new EFSF measures will pass next week.