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Europe: Economy

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  • european_union_crack2_200.jpg

    Standard & Poor's is expected to cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, according to reports.

  • european_union_crack2_200.jpg

    Standard & Poor's will cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, a French newspaper said Friday.

  • Greek Bond Swap Talks Enter Crucial Phase Thursday, 12 Jan 2012 | 11:16 AM ET
    The Parthenon in Greece

    The Greek government held crucial talks with representatives of private bondholders on Thursday to hammer out a deal on a bond swap that would reduce the country's debt load and secure an integral part of its second bailout package.

  • Analysts on Euro's Low for This Year: $1.20 or Parity Thursday, 12 Jan 2012 | 8:54 AM ET
    Stacks of 5-Euro bills

    The single European currency is likely to continue its fall even if European Union leaders, including European Central Bank officials, agree on a solution to the debt crisis, according to analysts.

  • What's Behind Spanish, Italian Bond Auctions' Success? Thursday, 12 Jan 2012 | 7:56 AM ET
    european_union_200.jpg

    Successful Spanish and Italian auctions of shorter-term debt offered a welcome breather for crisis-weary European bond markets on Thursday, but analysts warned that the sale of 10-year bonds will provide a more accurate indication of market sentiment.

  • Germany May Add Money to Rescue Fund at the Start Wednesday, 11 Jan 2012 | 9:59 AM ET
    German Chancellor Angela Merkel

    European Union leaders wanted to conclude negotiations on the euro zone's new bailout fund

  • Hungary Backs Down but EU Still Unhappy Wednesday, 11 Jan 2012 | 9:00 AM ET

    As talks between Hungary and its international creditors heat up, sharp European Union criticism of the country's lack of progress in tackling its high budget deficit added to pressure on Hungarian negotiators, who already seemed to be softening their tough stance.

  • Gold Is Investors' Favorite Asset in 2012: Poll Wednesday, 11 Jan 2012 | 8:47 AM ET
    Cash and gold

    Gold is investors' favorite asset for 2012, and developed markets are preferred over emerging markets when it comes to putting money in stocks or bonds, according to a poll carried out by Japanese investment bank Nomura.

  • Greek Debt Deal Talks: How Much of a 'Haircut'? Tuesday, 10 Jan 2012 | 10:52 AM ET
    The Parthenon in Greece

    As negotiators arrive back in Athens today, Greece enters a pivotal time period in which it must finish a crucial renegotiation of its more than $200 billion of debt.

  • Should You Sell Into Euro Zone Summits? Tuesday, 10 Jan 2012 | 5:46 AM ET
    European Union Flag

    As the euro zone gears up for yet more high-level meetings about its debt crisis, a fund manager advised investors to sell European shares in the wake of the series of planned summits.

  • Is Now a Good Time to Invest in Hungary? Monday, 9 Jan 2012 | 8:43 AM ET

    A Hungarian delegation prepares to resume talks with the International Monetary Fund this week, hoping to secure a credit lifeline while investors continue to push up the country’s borrowing costs.

  • Hungary

    Fitch became the third ratings agency to downgrade Hungary's debt to "junk" status on Friday, invoking further deterioration in the country's fiscal and external financing and growth outlook and the government's "unorthodox" economic policies.

  • Euro Here to Stay; to Rise in Near Future: HSBC Friday, 6 Jan 2012 | 6:57 AM ET
    Euros at an angle

    The euro will not collapse as a result of the sovereign debt crisis plaguing the euro zone and is more likely to rise than fall in the coming months, HSBC currency strategists said in a new report.

  • France

    France's bond auctions have been “reassuring” so far and the country will persuade investors that it is a safe place for their money, French Budget Minister Valerie Pecresse told CNBC in an interview Thursday.

  • French President Nicolas Sarkozy welcomes German Chancellor Angela Merkel prior to a working lunch at the Elysee Palace in Paris.

    Creating a stronger currency union will take time, and the two leaders should concentrate on putting out the immediate fire first, by finding ways to boost growth, analysts told CNBC.com.

  • Euro Break-Up Most Overrated Risk: Eurasia Group Tuesday, 3 Jan 2012 | 10:55 AM ET
    risk_definition.jpg

    The risk of a break-up of the euro zone is “vastly overplayed” and a collapse of the single currency area is out of the question, Ian Bremmer, President of the Eurasia Group told CNBC on Tuesday.

  • More Fear Predicted for New Year in Europe Friday, 30 Dec 2011 | 6:52 AM ET
    European Union Flag

    Markets are likely to have a hangover from New Year’s Eve when they re-open on Tuesday, as traders get back to their desks to a difficult prognosis for the year ahead, analysts and economists warn.The European Central Bank—or ECB—is the central bank for Europe's single currency, the euro. Managing the euro and the countries that use it is a big task, as CNBC explains.

  • El-Erian: IMF Must Stand Up to 'European Bullying' Friday, 30 Dec 2011 | 5:51 AM ET
    Pimco co-CEO Mohamed El-Erian

    The International Monetary Fund (IMF) should resist pressure from European Union leaders to take part in inadequate bailout programs for European countries, Mohamed El-Erian wrote in the Financial Times.

  • Greek Tax Officials Strike in Protest Against Austerity Thursday, 29 Dec 2011 | 7:29 AM ET
    Greece

    Greek tax officials walked off the job Thursday at the start of a 48-hour strike to protest salary cuts and other austerity measures, as the government struggles to meet revenue targets.

  • Euro Seen Having Another Bumpy Ride in 2012 Wednesday, 28 Dec 2011 | 2:40 AM ET
    E.U.

    2011 was the most dramatic year for the euro in the decade since the single currency was launched. 2012 may bring more of the same, analysts say.

Contact Europe: Economy

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