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Europe: Economy


  • ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any last-minute deal to keep Athens in the euro zone after Greeks voted resoundingly to reject the austerity terms of a bailout. With banks shuttered, cash machines running out of banknotes and sympathy for Athens among EU governments close to...

  • BERLIN— German factory orders dipped in May as orders from other countries in the eurozone slipped back following a large gain the previous month. The Economy Ministry said Monday that orders in Europe's biggest economy were down 0.2 percent compared with the previous month. Demand from inside Germany was off 0.6 percent while orders from outside the...

  • ATHENS, Greece— The latest on the bailout referendum in Greece:. Greek Finance Minister Yanis Varoufakis has resigned, saying he was told shortly after the Greek referendum result that the other eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings. The president of the eurozone finance ministers' group,...

  • Brace for a 'difficult session' in Europe: Expert

    Dan Scott, VP, investment strategy & research at Credit Suisse, says European markets will likely see a flight to safety on Monday, with periphery markets in for greater volatility.

  • Greece leaving the euro zone in a messy debt default or China continuing to pump money into its faltering stockmarket while trying to boost the rest of the economy through cheap debt? While Greece is probably ahead in the news headline count, especially in the developed world, the main impact from the weekend rejection by Greek voters of the terms of a new bailout...

  • SINGAPORE/ TOKYO, July 6- Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. "With Greece reserves running low and no immediate bailout funds on the horizon, Greece is on a straight path out of the...

  • SINGAPORE, July 6- Safe-haven bids pushed up gold prices on Monday after Greeks rejected terms of a bailout package, bringing more uncertainty over Athens' financial situation and its future in the euro zone. Without more emergency funding from the European Central Bank, Greece's banks could run out of cash within days. *Gold, typically seen as an alternative...

  • Looking to the US market open

    CNBC's Dominic Chu looks at how the markets are likely to open tomorrow, following the Greek no vote.

  • No vote makes deal more difficult: Pro

    Anastasios Economou, iGroup, looks at the impact of the situation in Greece on tourism and the overall economy.

  • Not gonna be pretty: Farr

    Peter Costa, Empire Executions offers his perspective on how the markets will react tomorrow. Michael Farr, Farr, Miller & Washington, weighs in.

  • Asia reacts to Greece 9 Hours Ago
    Asia reacts to Greece

    Kaori Ejoji of CNBC Asia discusses how the Asian markets have reacted this morning to the Greek no vote.

  • IMF to blame? 9 Hours Ago
    IMF to blame?

    CNBC's Sara Eisen says a lot of people are blaming the IMF for Greece's situation. The country is in arrears, but will the IMF ride to the rescue?

  • A series of missteps 9 Hours Ago
    A series of missteps

    Dan Greehaus of BTIG says this is another of unfortunate events that have hampered the world economy over the last few years. With CNBC's Michelle Caruso-Cabrera.

  • Our lives are damaged: Greek citizen

    It's fine for the European nations to tell Greece what must be done, but how do austerity and today's vote affect people who live there?

  • Greece's next move 9 Hours Ago
    Greece's next move

    Dan Greehaus of BTIG says people were caught off guard by the Greek no vote and what happens now. The dollar will become a safe haven, he says.

  • Pro-Euro protestors hold Greek national flags during a pro-Euro rally in front of the parliament building, in Athens, Greece, June 30, 2015.

    Call it the contrarian trade of 2015: Buy the euro on Greece's crisis.

  • China or Greece bigger concern?

    CNBC contributor Ron Insana looks at whether investors should be more concerned with China, Greece or Puerto Rico?

  • Greece is not Lehman: Pro

    Christian Menegatti, Windhaven Investment Management, answers the question of whether Greece will stay or leave the euro zone.

  • Euro sinks on Greek vote

    CNBC's Sara Eisen discusses the impact of the Greek vote on currencies.

  • Greece shakes global markets

    CNBC's Dominic Chu discusses the impact of the Greek vote on the world markets and futures.

Contact Europe: Economy


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