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Europe: Economy

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  • US Economy 'Has Fallen off a Cliff': El-Erian Friday, 7 Nov 2008 | 4:02 AM ET

    The nonfarm payrolls data may be even worse than the consensus estimate, as the U.S. economy is taking further blows from the financial crisis, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.

  • Bank of England Could Keep Cutting to 0% Thursday, 6 Nov 2008 | 7:29 AM ET

    The Bank of England's Monetary Policy Committee cut interest rates by a surprising 150 basis points, the deeper cut since the bank became independent in 1997, to help the economy fend off a recession.

  • Governments May Have Caused Stocks Selloff: Dr. Doom Monday, 27 Oct 2008 | 5:25 AM ET

    The wave of stock selloffs sweeping world markets may be partially caused by the fact that many governments increased guarantees for bank deposits, making them a much safer investment, Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Monday.

  • Catastrophe Could Take 20 Years to Repair: Manager Wednesday, 22 Oct 2008 | 8:00 AM ET

    The ongoing financial turmoil and economic gloom will take 10 or 20 years to heal, Hugh Hendry, partner at hedge fund Eclectica, told CNBC.

  • IMF Chief Probed over Ties with Co-Worker Sunday, 19 Oct 2008 | 12:51 PM ET

    The International Monetary Fund has launched a probe into allegations of improper behavior in relation with a subordinate by its chief, Dominique Strauss-Kahn.

  • Printing Money = High Commodities Prices: Analyst Tuesday, 14 Oct 2008 | 6:58 AM ET

    Commodities will benefit the most from the coordinated bailouts because the plans are sowing the seeds of future poverty, fuelling an already raging inflationary fire, analyst Puru Saxena, CEO at Puru Saxena told CNBC on Tuesday.

  • What the Pros Say: Is it Time to Buy? Monday, 13 Oct 2008 | 7:57 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Global stock markets rebounded Monday as the world's governments stepped up plans to bailout the financial sector. CNBC's experts weigh in on whether the rally has legs.

  • What the Pros Say: Swap Jitters, Bottom Searches Friday, 10 Oct 2008 | 2:25 PM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Stock markets sold off globally on Friday as investors’ confidence crumbled and credit markets reamined tight. CNBC’s experts tell you where to turn.

  • What the Pros Say: Swap Jitters, Bottom Searches Friday, 10 Oct 2008 | 9:51 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Stock markets sold off globally on Friday as investors’ confidence crumbled and credit markets reamined tight. CNBC’s experts tell you where to turn.

  • What the Pros Say: All that Glitters is Gold Thursday, 9 Oct 2008 | 8:30 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Markets rebounded on Thursday after the previous day's rocky ride, but where can investors seek refuge?

  • Ireland Extends Deposit Guarantee to Foreign Banks Thursday, 9 Oct 2008 | 6:53 AM ET
    CNBC Special Report: Bank Crisis Strikes Europe

    Ireland said Thursday it is extending its guarantee of bank deposits to cover savings in five foreign-owned institutions.

  • What the Pros Say: Will Rate Cuts Work? Wednesday, 8 Oct 2008 | 9:50 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    The Federal Reserve led a global interest rate cut Wednesday along with the central banks of the UK, European Union, Switzerland, Sweden, and Canada.

  • What the Pros Say: Is Anywhere Safe? Wednesday, 8 Oct 2008 | 8:50 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Stock markets around the world continued to tumble. As investors bail out of stocks, where can investors look for more safety?

  • What the Pros Say: Coordinated Cuts Coming Tuesday, 7 Oct 2008 | 8:40 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Australia's Central Bank stunned the markets by cutting interest rates by a full-point to 6 percent Tuesday, a reduction that was twice as big as economists predicted and the bank's biggest cut in 16 years.

  • EU Won't Manage Unified Banking Plan Tuesday, 7 Oct 2008 | 4:26 AM ET

    The European Union will not respond with a U.S.-style bailout package to the current crisis but it will probably decide to guarantee all private deposits in banks across its territory to boost citizens' confidence in financial institutions, analysts told CNBC on Tuesday.

  • Poll: Should Countries Guarantee Deposits? Monday, 6 Oct 2008 | 3:39 AM ET

    Countries across Europe are following the move by Ireland to guarantee all its bank deposits. Should governments guarantee deposits? Vote in our poll.

  • How Ireland Will Destroy the Euro Thursday, 2 Oct 2008 | 4:28 PM ET

    Ireland's decision to guarantee all bank deposits will contribute to the demise of the single European currency, because it will erode the euro's credibility if it's allowed to go ahead, Hugh Hendry, chief investment officer and Partner at Eclectica Fund, told CNBC on Thursday.

  • Euro Rates Stay on Hold; Trichet Softens Stance Thursday, 2 Oct 2008 | 10:01 AM ET

    The European Central Bank left interest rates unchanged as expected on Thursday despite the financial turmoil engulfing European banks and increased signs of weakness from the euro zone economy.

  • Ireland's the First Euro Economy Hit by Recession Thursday, 25 Sep 2008 | 9:06 AM ET

    Ireland is now in a recession, the country's Central Statistics Office said Thursday, after recording that the Irish economy shrank for a second consecutive quarter in the three months through June.

  • No Bailout Would Mean "Carnage" for Markets: Analysts Wednesday, 24 Sep 2008 | 7:58 AM ET

    Speedy Congress approval for a $700 billion plan to bail out the U.S. banking system is paramount to avoid a meltdown of the markets, analysts told CNBC on Wednesday.

Contact Europe: Economy

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