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The European Union

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  • UK Prime Minister Promises Help for Riot Victims Thursday, 11 Aug 2011 | 9:04 AM ET
    David Cameron

    David Cameron condemned the recent riots in the UK as Parliament was recalled from its summer recess on Thursday, telling MPs in the House of Commons that the violence was "not about politics or protest."

  • SocGen Price Plummets Again Thursday, 11 Aug 2011 | 7:25 AM ET

    Societe Generale's share price suffered a fall of around 8 percent Thursday morning after Wednesday's falls.

  • When Will Markets Stabilize?     Thursday, 11 Aug 2011 | 5:00 AM ET

    "Unfortunately policy makers wait until there's a crisis and then they react, especially in Europe," Patrick Armstrong, managing partner at Armstrong Investment Managers, told CNBC. "We'll get (back to stability in markets). It will be a bumpy ride, but we'll get there," he added.

  • Higher Market Levels Soon to Come?     Thursday, 11 Aug 2011 | 4:50 AM ET

    "If you look at historic patterns, the sort of lows that we are reaching in terms of sentiment as opposed to market levels suggest that over the next three to six months we should see higher market levels," James Bevan, chief investment officer at CCLA Investment Management, told CNBC.

  • "We think there's a big difference in the current situation in France than that which caused the downgrade in the U.S.," Mark Schofield, global head of interest rate strategy at Citi, told CNBC. "We don't think there's an immediate ratings risk, and I think any further ratings action will be dependent on the broader macroeconomic background and require further growth slowdown," he added.

  • SocGen CEO Dismisses Rumors, Says France Is Not US Thursday, 11 Aug 2011 | 12:54 AM ET
    Frederic Oudea

    Societe Generale's CEO dismissed rumors that France's second-largest bank was in trouble and blamed the recent downgrade of the US credit rating for fueling speculation that France might lose its Triple-A status as well.

  • Sarkozy Gives Ministers One Week Debt Deadline Thursday, 11 Aug 2011 | 12:48 AM ET
    France

    Nicolas Sarkozy, the French president, has given his finance and budget ministers one week to come up with new measures to cut France's crippling debt burden as concerns mount over prospects for growth and the country's ability to meet its deficit reduction targets. reported the FT.

  • Unpredictability: Only Certainty?     Wednesday, 10 Aug 2011 | 9:00 PM ET

    Sharton Stark, Sterne Agee & Leach, discusses whether markets are as bad as they seem.

  • Another Market Bloodbath Ensues     Wednesday, 10 Aug 2011 | 7:33 PM ET

    The Dow fell 520 points on fears of European debt, with Kelly Evans, WSJ; Jim Lacamp, Macroportfolio Advisors; Douglas Lebda, Lending Tree; and Robert Johnson, RLJ Companies.

  • Another Ugly Day for Wall Street     Wednesday, 10 Aug 2011 | 6:20 PM ET

    Rick Campagna, CEO of 300 North Capitol explains what was behind the sharp falls on Wall Street overnight and suggests investors adopt a more defensive strategy when positioning their portfolios.

  • The past week's market drops and swings are dizzying. Everyday people are commenting that it is scarier than 2008. Now, that probably isn't true because no one is anticipating the inability to take money out of ATMs or the commercial paper market shutting down. Yet, there is something unnerving about the market declines, the uncertainty surrounding the economy and the lack of confidence in political leaders.

  • SocGen CEO Speaks Out     Wednesday, 10 Aug 2011 | 3:34 PM ET

    Frederic Oudea, Societe Generale chairman/CEO defends the creditworthiness of France's second-largest bank.

  • Europe's Debt Worries Markets     Wednesday, 10 Aug 2011 | 2:00 PM ET

    Are Euro banks driving our markets down? Drilling down into the European debt crisis, with Michael Ryan, UBS Wealth Management Research.

  • Eye of the Storm: French Banks     Wednesday, 10 Aug 2011 | 1:10 PM ET

    Discussing the sell-off in French banks and the health of France's sovereign debt rating, with, Patrick Jenkins, Financial Times; Michael Yoshikami, YCMNET Advisors; Scott Wren, Wells Fargo Advisors, and CNBC's Steve Liesman.

  • WOTS Now: Trading the Turmoil     Wednesday, 10 Aug 2011 | 12:30 PM ET

    CNBC's Steve Liesman reports on European banks; Fred Cannon, Keefe Bruyette & Woods provides analysis on the free fall in financials, and the Fast Money traders weigh in on market volatility and whether the markets are headed into bear territory.

  • Pound Slips, Swiss Franc Can't Stay Down Wednesday, 10 Aug 2011 | 7:56 AM ET

    The Bank of England is gloomy and the Swiss franc can't stop rising - it's your daily FX Fix.

  • European Market Action     Wednesday, 10 Aug 2011 | 6:16 AM ET

    CNBC's Ross Westgate has the details on the Bank of England cutting its growth forecast for 2011.

  • UK Riot Violence Shifts from Capital City     Wednesday, 10 Aug 2011 | 2:20 AM ET

    Areas of London that saw some of the worst rioting in decades over two nights were quiet overnight on Tuesday Peter Guest, staff writer at CNBC.com. ¿Hackney was like a ghost town there was a police presence but it wasn¿t particularly significant, he added, suggesting the violence had moved out of the capital to the UK¿s northern cities.

  • The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.

  • Rouble Poses Worrying Parallels for Euro Crisis Wednesday, 10 Aug 2011 | 12:27 AM ET

    By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.