*Ukrainian leader warns of all-out war with Russia. BRUSSELS, Aug 30- European Union leaders on Saturday chose Poland Prime Minister Donald Tusk to chair their Council and named Italian Federica Mogherini to run the bloc's foreign relations, as the EU prepared to threaten Russia with new sanctions over Ukraine.» Read More
"The problems in the European markets are based on a lack of clarity and a lack of a long term solution," Gemma Godfrey, head of research at Credo Capital told CNBC. "Things are getting a lot worse......the ECB is using debt to solve a problem of debt," she added.
European leaders are scurrying from one crisis to the next, and it doesn't bode well for the euro, this strategist says.
The European short-selling ban is necessary, Richard Martin, chief strategist at Julius Baer, told CNBC. "I think this is the sort of move we need at the moment. The swings we are seeing in equity markets are absolutely wild, and it's fear. It's not actually fundamentals which are driving this," Martin said.
Tough talk from the Swiss works on the franc and debt worries dog the euro — it's time for your FX Fix.
Economic growth in the euro zone will slow in the second quarter but remain positive, economists told CNBC.com, before it risks stagnating in the third quarter as businesses delay investments and the turmoil that has wreaked havoc in financial markets starts to affect the real economy.
It’s all getting a bit Elizabeth Taylor and Richard Burton in the euro zone recently. The European Union seems to think that if it’s worth doing in the first place, its worth fighting for
As the European markets were braced for another turbulent day, one analyst at Citi warned that a decade of economic slowdown could follow if Italy and Spain default on their debt repayments.
A 15-day short selling ban , which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.
French minister says broader GDP and deficit-cut targets remain, with CNBC's Ross Westgate.
What's the potential impact of what Europe is facing on the U.S. economy? Peter Coy, Bloomberg BusinessWeek, and Neil Irwin, Washington Post, discuss.
PIIGS is a not too favorable term used by bond analysts, academics, and the press, to refer to certain countries of Europe. CNBC explains.
U.K. finance minister George Osborne has called upon his euro zone peers to do whatever it takes to ensure stability, indicating the British government would back a so-called euro bond to avoid a disastrous break up of the euro.
There's a currency worry behind all the selling of Italian and Spanish bonds, this economist says.
CNBC's Michelle Caruso-Cabrera has the details on Italian 10-year bond yields, and a possible short-selling ban in Europe, with CNBC's Ross Westgate.
CNBC's Simon Hobbs has the latest detail on funding difficulties at French banks and ECB financing.
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."
Societe Generale's share price suffered a fall of around 8 percent Thursday morning after Wednesday's falls.
"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.
"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.