Roger Myerson, professor of economics at teh University of Chicago and 2007 Nobel Prize Laureate, says Europe needs to "fundamentally" rethink its banking regulatory environment.» Read More
European banks are the focus of today's sell-off. Insight on whether this will be a repeat of the 2008 financial crisis, with Christopher Wheeler, Mediobanca bank analyst.
CNBC's David Faber and Mad Money host Jim Cramer discuss Ray Dalio.
CNBC's David Faber reports on Europe's financial problems and why it is a crisis.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
"I could see a special formation known as a V formation a V shaped recovery and that means a step drop and a fast recovery and this formation started at 6,000 on the SMI and would end up at 6000. We¿re at 5,330 and the formation is still good as long as we don¿t break to the down side then the formation is not valid anymore," Daniel Stillhart, portfolio manager and technical analyst, LB Swiss, Frankfurter Bankgesellschaft Zurich told CNBC.
"There are lots of arguments against any tax, as we know. On the other hand, even a free marketer like me worries transacting has become so costless, so instant that it has become destabilising," Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC.
Paul Gruenwald, Chief Economist, Asia Pacific at ANZ talks about the euro zone debt crisis.
The Merkel-Sarkozy proposed fix for Europe is a "step in the right direction," but a "revival" of the transaction tax could drive customers from Europe to banks in emerging markets and the U.S., Deutsche Bank CEO Josef Ackermann warned.
Investors were hoping for more than they got from the meeting between Frances's Nicolas Sarkozy and Germany's Angela Merkel. Here's what to do now.
"Short term what we have done is to suggest to cover all short positions and get ready for a potential bounce in the market because of the incredible oversold conditions," Riccardo Ronco, technical analyst at Aviate Global. "But the parallels between 2007 and 2008 are absolutely compelling for me," he added.
CNBC's Michelle Caruso-Cabrera with an update on European banks and markets after yesterday's summit.
"We have talked about this before and we could be talking about it [a Tobin tax] for years to come. We don't know if this is going to gain momentum but if it does the presumably the Swiss will have to follow suit," Jane Foley, senior currency strategist at Rabobank told CNBC. "The UK would almost certainly follow but this is early days," she added.
Singapore dollars get snapped up and European officials underwhelm - it's time for your FX Fix.
Financial stocks are under pressure this morning on worries of a transaction tax.. A check on European market action and where the euro is headed, with CNBC's Julia Chatterley.
Despite what happens in the eurozone, the euro still traded up. CNBC's Louisa Bojesen reports on the latest market activities overseas.
As stock markets in Europe faltered Wednesday after Tuesday's meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to reassure, some investors told CNBC that they are starting to become bullish after recent market falls.
"I think the markets will test the resolve of the Euro zone politicians. It is a game of cat and mouse, and unless the markets push the politicians, they do not do anything. I think we are going to enter our third wave of selling," Chris Watling, chief executive at Longview Economics, told CNBC.
"We have some disappointing developments in Russia. Sales have not been growing, and it is clearly because Russian consumers are taking longer to adjust to higher prices," Jorgen Buhl Rasmussen, CEO at Carlsberg, told CNBC.
"We still expect the market to grow 6-8 percent this year, but we see a lot of nervousness at the moment, so freight rates are under pressure. We are cautious about expecting good returns from the container market," Nils Andersen, chief executive at Moller Maersk, told CNBC.
"Everything (Merkel and Sarkozy) talked about has been in place since 1999. This is a play for the gallery to buy more time," Steen Jakobsen, chief investment officer at Saxo Bank, told CNBC in a discussion on the meeting between the French and German leaders on Tuesday.