Europe: Economy


  • Over the last two years, the Cypriot banking sector has "terminated" its exposure to the Greek market, the finance minister of Cyprus has told CNBC.

  • *Euro slips against dollar on Greece default worries. NEW YORK, April 20- Global equity markets snapped back on Monday from a worldwide decline the previous session on China's steps to stimulate its economy and solid corporate earnings, while the euro weakened amid worries that Greece may default. "What's helped the market today is the story about more stimulus...

  • Will Greece leave the euro?   Monday, 20 Apr 2015 | 11:00 AM ET
    Will Greece leave the euro?

    George Godber, fund manager at Miton Group, says that the Greek public's view on staying in the euro zone is "changing pretty rapidly."

  • Greece moves to seize cash from public sector Monday, 20 Apr 2015 | 10:50 AM ET
    A pro-government rally in front of the Greek Parliament in Athens, Greece on February 16, 2015

    Greece issued a legislative act requiring public sector entities to transfer idle cash reserves to the country's central bank.

  • Default doesn't mean Grexit: ECB official Monday, 20 Apr 2015 | 10:36 AM ET
    A man adjusts a Greek and a European Union flag outside the Greek embassy in Brussels February 19, 2015.

    A default by a euro zone member state has no automatic impact for that state's banks, ECB Vice President Vitor Constancio said on Monday.

  • *Euro slips on Greece worries, dollar. NEW YORK, April 20- European and U.S. stocks rose on Monday after China announced economic stimulus measures while the euro fell against the dollar on worries Greece may default. "What's helped the market today is the story about more stimulus in China," said Rick Meckler, President of LibertyView Capital Management in Jersey...

  • Euro zone braces for possible Greek default   Monday, 20 Apr 2015 | 8:33 AM ET
    Euro zone braces for possible Greek default

    Roger Altman, Evercore Partners chairman, shares his thoughts on whether Greece and the euro zone will be able to reach a last minute deal on restructuring its debt.

  • Struggling Greece puts state funds in loan basket Monday, 20 Apr 2015 | 7:39 AM ET

    ATHENS, Greece— Greece's cash-strapped government has ordered reserves from state agencies to be placed in a basket account to help the country meet obligations, officials said Monday as bond market traders fretted over the risk of default. Greece's lenders from the 19- country eurozone and International Monetary Fund are demanding reforms that include...

  • Europe progress and the Greece factor   Monday, 20 Apr 2015 | 7:35 AM ET
    Europe progress and the Greece factor

    Ewald Nowotny, Austrian Central Bank, says there are clear signs of progress in Europe but more structural reforms are needed in Greece. Walter Isaacson, Aspen Institute CEO, shares perspective.

  • Greece 'major stumbling block' for Europe: Pro   Monday, 20 Apr 2015 | 6:37 AM ET
    Greece 'major stumbling block' for Europe: Pro

    Marchel Alexandrovich. Jefferies International, shares his thoughts on why the markets are too "complacent" about Greece and weighs in on the outlook on European markets.

  • Greece in spotlight as contagion fears surface   Monday, 20 Apr 2015 | 6:05 AM ET
    Greece in spotlight as contagion fears surface

    Ben White, Politico, and Peter Boockvar, The Lindsey Group, discuss uncertainty in Greece and as the country attempts to restructure its debt.

  • *China move boost Aussie, euro down on Greece worries. LONDON, April 20- Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default. This, in turn, contributed to an early rise in European shares,...

  • QE: Are there enough bonds to go around?   Monday, 20 Apr 2015 | 4:00 AM ET
    QE: Are there enough bonds to go around?

    Reinhard Cluse, chief European economist at UBS, says that the ECB's QE program is "very big" compared to the outstanding stock of government bonds.

  • LONDON, April 20- German 10- year borrowing costs resumed a descent towards zero on Monday, with worries about Greece falling out of the euro zone increasing demand for top-rated assets even as the ECB's bond-buying programme quashes yields. Athens has been stuck in negotiations with its euro zone partners and the International Monetary Fund over economic...

  • We are fully back in the market: Portugal Fin Min

    Portugal's Minister of State and Finance, Maria Luís Albuquerque, explains how quantitative easing has positively impacted the country's funding costs.

  • Global, Chinese automakers debut new car models Monday, 20 Apr 2015 | 1:29 AM ET

    SHANGHAI— Ford showed off its new Taurus and Nissan unveiled a midsize sedan designed for China on Monday at a Shanghai Auto Show that highlighted the commercial resurgence of lower-priced Chinese auto brands. Competition in China is intensifying as economic growth slows and more manufacturers pile into the world's biggest auto market by number of...

  • *Aussie& kiwi outperform after latest stimulus by China. SINGAPORE/ SYDNEY, April 20- The Australian dollar rose on Monday after China boosted banks' lending power to support an economy that is Australia's largest export market, while the euro was weighed down by concerns over Greece's struggle to agree terms with creditors. China is the biggest export market for...

  • Greek talks seeing a countdown: Professor   Monday, 20 Apr 2015 | 12:07 AM ET
    Greek talks seeing a countdown: Professor

    Antonio Fatas, professor of economics at INSEAD, Fontainebleau & Singapore, says the range of compromise in Greece doesn't comply with its European creditors.

  • WASHINGTON— U.S. businesses expect their sales will rebound in the next three months after a sluggish first quarter, and they also plan to boost hiring and pay, according to a survey released Monday. "Growth in the first quarter appears to be an outlier within the broader economic outlook," said John Silvia, chief economist at Wells Fargo. Silvia is also president of...

  • *China shares rise after Beijing cuts banks' reserve requirements. TOKYO, April 20- Stock markets in China and Japan rose on Monday after Beijing's latest stimulus to shore up the world's second-largest economy underpinned sentiment and helped limit losses across the rest of Asia. "There's no need for markets to worry too much because of the weakness in global...

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