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Europe: Economy

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  • World Heading for Jobs Recession, Unrest: ILO Monday, 31 Oct 2011 | 7:30 AM ET
    Job Losses

    The world economy is on the verge of a new and deeper jobs recession that will delay the global recovery further and may spark social unrest in "scores of countries," the International Labor Organization said on Monday.

  • What Euro Watchers Should Look Out For: Strategist Monday, 31 Oct 2011 | 6:43 AM ET
    european_union_crack2_200.jpg

    As last week's euro zone rally was followed by falls across the board Monday, with one strategist saying that the "real problem" is yet to come.

  • European Central Bank

    A month-long rally for stocks and a European Union deal on its debt crisis have lifted investors' mood, but at least one economist is amazed at the reaction to Europe’s latest attempt to solve its sovereign debt woes.

  • Europe Shares Seen Lower; Focus Shifts to US Monday, 31 Oct 2011 | 3:18 AM ET
    traders_computer_display_200.jpg

    European stocks were expected to open lower on Monday after Asian shares dropped overnight following a close to 10 percent rally last week on news that the euro zone will implement a number of measures to resolve its sovereign debt crisis.

  • EU Leaders Didn't Listen on Debt: Trichet Monday, 31 Oct 2011 | 2:33 AM ET
    Jean-Claude Trichet

    Too many European Union leaders did not understand the gravity of the Greek debt situation following years of failure to adhere to rules on borrowing, the outgoing boss of the European Central Bank told CNBC. 

  • Greece

    Fitch ratings agency says Greece's credit grade will remain low even after its debt load is cut as part of a European plan to fight the financial crisis.

  • After Euro Zone Deal, What Stocks Are Attractive? Friday, 28 Oct 2011 | 7:34 AM ET
    european_flags_200.jpg

    Following Thursday's much-anticipated euro zone deal, investors are looking again at stocks although a rally in Europe petered out at mid-day.

  • Erste Bank Sharply Cuts CDS Portfolio; To Close It Friday, 28 Oct 2011 | 5:19 AM ET
    european_bank_teller_200.jpg

    Austrian bank Erste announced on Friday that it had drastically reduced its credit default swaps (CDS) portfolio and that it would close it by the end of the year, after valuing it based on what it would be worth in the market - known as marking to market - earlier in the month.

  • Europe Stocks to Continue Debt Deal-Driven Rally Friday, 28 Oct 2011 | 2:09 AM ET
    Close-up of a pen on stock price chart

    European stocks were expected to open higher on Friday as stocks continue a rally sparked by the announcement Wednesday of a plan to resolve the euro zone sovereign debt crisis.

  • Greece Deal Won't Lead to Lehman-Like Event: Dallara Thursday, 27 Oct 2011 | 2:51 PM ET
    greece_athens_academy_2_200.jpg

    The deal that allowed Greece to renegotiate its debt will not lead to a credit event on the scale of the Lehman Brothers failure that triggered the US financial crisis, the lead negotiator in the talks told CNBC.

  • Gulf Bank's CEO Looking East for Growth Thursday, 27 Oct 2011 | 4:17 AM ET
    Abu Dhbai

    The European debt crisis is worrisome but it is unlikely to pose a danger to major banks on the continent, Michael H. Tomalin, CEO of the National Bank of Abu Dhabi, told CNBC.

  • Swiss Exchange Lures High Frequency Traders Thursday, 27 Oct 2011 | 3:39 AM ET
    Close-up of a pen on stock price chart

    In the computerized world of markets, it’s not every second that counts – it’s every micro second.

  • Europe Stocks Open Higher on Euro Deal Relief Thursday, 27 Oct 2011 | 3:13 AM ET
    Close-up of a pen on stock price chart

    European stocks opened higher on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with private bondholders that they would take a 50 percent haircut on Greek government debt.

  • The former Greek Prime Minister, George Papandreou

    A deal that imposes 50 percent losses on private sector bondholders means Greece's debt burden will be sustainable, Greek Prime Minister George Papandreou said on Thursday.

  • Euro Investment Vehicle 'Giant Sub-Prime CDO' Wednesday, 26 Oct 2011 | 3:50 AM ET
    european_union_crack2_200.jpg

    As the prospect of a conclusive road map for the euro zone emerging from Wednesday's European Union summit receded, proposals to expand the European Financial Stability Facility (EFSF) via a special purpose investment vehicle (SPIV) were met with cynicism.

  • Europe Shares Seen Lower as Summit Hopes Fade Wednesday, 26 Oct 2011 | 2:42 AM ET
    traders_computer_display_200.jpg

    European stocks were called to open lower on Wednesday, following Asia overnight where shares fell ahead of a crucial meeting of European policymakers which some analysts fear will not bring forward a lasting plan to ease the sovereign debt crisis in the euro zone.  

  • How to Break the Cycle in Greece: Economist Tuesday, 25 Oct 2011 | 7:58 AM ET
    Greece

    As European leaders ready themselves for another summit on the euro zone crisis, one economist said that the critical situation in Greece should be dealt with by focusing on growth instead of debt.

  • Today's Economy 'Is a Rerun of the 1930s': Author Tuesday, 25 Oct 2011 | 3:38 AM ET
    Unemployed men queuing for coffee and bread at a soup kitchen run by the Bahai Fellowship at 203 East 9th Street, New York, circa 1930.

    The countries that will have the most success in weakening the real value of their currencies "are likely to flourish better or at least suffer less than others," author Andrew Smithers wrote.

  • Europe Shares Seen Lower, Summit Outcome Uncertain Tuesday, 25 Oct 2011 | 2:10 AM ET
    traders_computer_display_200.jpg

    European stocks were called to open lower on Tuesday, a day ahead of a second summit of European leaders where a deal is expected to be reached over the nature of a plan to resolve the sovereign debt crisis in the euro zone.

  • Luxury Back in Fashion Despite Downturn Monday, 24 Oct 2011 | 9:48 AM ET
    Aligator Purse

    The market for luxury goods has come back with a bang in the past couple of years, despite volatility elsewhere in the market.

Contact Europe: Economy

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