The European Union


  • Lack of Clarity Fueling Euro Debt Crisis     Friday, 12 Aug 2011 | 4:30 PM ET

    "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.

  • Whack-a-Mole Time in the Currency Markets Friday, 12 Aug 2011 | 3:45 PM ET
    gavel and money

    European leaders are scurrying from one crisis to the next, and it doesn't bode well for the euro, this strategist says.

  • Short-Selling Ban is Necessary: Strategist     Friday, 12 Aug 2011 | 9:00 AM ET

    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.

  • Swiss Franc Sags, Dollar Slips Friday, 12 Aug 2011 | 8:02 AM ET

    Tough talk from the Swiss works on the franc and debt worries dog the euro — it's time for your FX Fix.

  • Market Turmoil Will Hit Euro Zone Growth: Analysts Friday, 12 Aug 2011 | 7:51 AM ET
    Euros & Downward Graph

    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.

  • Commentary: Bailout Upon Bailout, Blah Blah Blah Friday, 12 Aug 2011 | 7:44 AM ET
    British-born actor Elizabeth Taylor in costume as the Egyptian queen Cleopatra, for the film, 'Cleopatra,' directed by Joseph Mankiewicz, 1963.

    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

  • Unemployed men queuing for coffee and bread at a soup kitchen run by the Bahai Fellowship at 203 East 9th Street, New York, circa 1930.

    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.

  • Short-Selling Ban Will Not Deter Bears: Analysts Friday, 12 Aug 2011 | 2:05 AM ET

    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.

  • France's Financial Dance     Friday, 12 Aug 2011 | 12:38 AM ET

    French minister says broader GDP and deficit-cut targets remain, with CNBC's Ross Westgate.

  • Europe's Rocky Fiscal Path     Thursday, 11 Aug 2011 | 8:15 PM ET

    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: CNBC Explains Thursday, 11 Aug 2011 | 2:44 PM ET

    PIIGS is a not too favorable term used by bond analysts, academics, and the press, to refer to certain countries of Europe. CNBC explains.

  • Time for a European Bond: UK Finance Minister Thursday, 11 Aug 2011 | 11:22 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    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.

  • What the Sovereign Debt Selloff Really Means Thursday, 11 Aug 2011 | 10:56 AM ET

    There's a currency worry behind all the selling of Italian and Spanish bonds, this economist says.

  • Italian Yields & Europe's Short-Selling Ban     Thursday, 11 Aug 2011 | 10:20 AM ET

    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.

  • Could European Banks See TARP?     Thursday, 11 Aug 2011 | 9:22 AM ET

    CNBC's Simon Hobbs has the latest detail on funding difficulties at French banks and ECB financing.

  • 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.