The European Union


  • Italy Is Rich but Needs Growth: Italian Bank CEO Thursday, 4 Aug 2011 | 4:45 AM ET
    Statue and Italian Flag in front of Vittorio Emanuele monument.

    The CEO of Italy’s biggest bank told CNBC that despite that country's high debt levels, the country is rich enough to cover its national debt.

  • No Way to 'Divorce' From Euro: Analyst     Thursday, 4 Aug 2011 | 4:40 AM ET

    "The euro was a marriage but no one told us exactly what we'd actually end up in and what were the divorce proceedings," Tim Skeet, managing director at RBS told CNBC. "The answer is that no one's thought that through and I think we have to believe in this marriage," he added.

  • Silvio Berlusconi

    It was billed as one of the most important speeches of Silvio Berlusconi’s political career, amid a crisis that threatens to engulf Italy and the euro zone. Unfortunately when he stood in front of lawmakers, his pledges on boosting growth offered very few details and led to skepticism from analysts.

  • ECB Needs to Signal Intervention: Analysts Thursday, 4 Aug 2011 | 2:26 AM ET
    Jean-Claude Trichet

    July's rate hike could well have been Jean-Claude Trichet's last as president of the European Central Bank, but markets will be watching for signals that the bank is preparing to take some role in future interventions in European markets, economists and analysts told CNBC.com.

  • How to Trade Thursday's Central Bank Meetings Wednesday, 3 Aug 2011 | 4:34 PM ET
    European Central Bank

    If you're waiting for the European Central Bank to give the euro a lift, don't hold your breath, this strategist says.

  • Italy in Crisis     Wednesday, 3 Aug 2011 | 11:32 AM ET

    CNBC's Carolin Schober and Michelle Caruso-Cabrera take a look at Italy's debt crisis fears as Silvio Berlusconi addresses the country's lower house.

  • Is August an Underestimated Crisis-Prone Month? Wednesday, 3 Aug 2011 | 8:18 AM ET
    Protestors escape tear gas fired by policemen in Athens.

    For Angela Merkel there are few things which are as set as her summer holidays. She always leaves Berlin for two weeks with her invisible husband for a hiking holiday in the Tyrol Alps.

  • Is Italian Bond Selloff Becoming Self-Fulfilling? Wednesday, 3 Aug 2011 | 7:34 AM ET

    Events on Wednesday could prove crucial to attempts to again come to grips with the European debt crisis, after Italian borrowing costs hit a 14-year high on Tuesday.

  • Wilbur Ross: Investing in Ireland     Wednesday, 3 Aug 2011 | 7:08 AM ET

    Discussing Ireland's corporate tax rate advantage as well as its young, educated workforce, with Wilbur Ross, WL Ross chairman/CEO.

  • Will Berlusconi Finally Be Forced Out Over Debt? Wednesday, 3 Aug 2011 | 6:06 AM ET
    Silvio Berlusconi

    He has survived criminal charges and  if you believe all the stories, bunga bunga parties, but could the latest debt crisis be the final nail in the coffin for Silvio Berlusconi's political career?

  • ECB: 'Key Player' for Italy?     Wednesday, 3 Aug 2011 | 2:00 AM ET

    "Italy's problems are out of their hands and it's really the lack of credibility of the measures of the EU that were announced at the summit a week or so back that's at the heart of the problem," Peter Westaway, chief economist for Europe at Nomura told CNBC. "The key player here may actually be the European Central Bank. The ECB may need to come in and start buying bonds," he added.

  • 'The Bear Market Is Starting': Marc Faber Wednesday, 3 Aug 2011 | 1:10 AM ET
    Dr. Marc Faber

    The bear market is on its way back, economist and contrarian investor Marc Faber, the editor and publisher of The Gloom Boom & Doom Report told CNBC Tuesday.

  • The European Contagion     Tuesday, 2 Aug 2011 | 8:31 PM ET

    Dealing with the European debt contagion and the problems faced by the banks, including Commerzbank and Unicredit Group, with Ron Insana, CNBC contributor, and David Doll, Sequent Asset Management.

  • Euro or Dollar? The Ugly Contest Is Back On Tuesday, 2 Aug 2011 | 3:01 PM ET

    The debt ceiling debacle and the latest Greek bailout deal are almost behind us, but euro and dollar investors still aren't happy.

  • Avoid Europe; Invest in Japan, China, US: Strategists Tuesday, 2 Aug 2011 | 12:47 PM ET

    With the U.S. debt ceiling crisis on the verge of being resolved, investor attention is returning to continued global economic weakness, particularly in Europe, Credit Suisse global strategist James Sweeney told CNBC Tuesday.

  • Eckhard Cordes     Tuesday, 2 Aug 2011 | 9:55 AM ET

    Eckhard Cordes, CEO Metro AG

  • The dollar will face months of weakness in the run up to the U.S elections next year, David Bloom, global head of foreign exchange strategy, HSBC told CNBC Tuesday

  • Greek Reforms Might Actually Work: OECD Tuesday, 2 Aug 2011 | 6:00 AM ET

    Progress on the Greek government's structural reform program has been "impressive" and could succeed in reducing the country's debt to GDP (gross domestic product) ratio to sustainable levels, the Organization for Economic Cooperation and Development (OECD) said Tuesday.

  • eu building brussels

    Amid signs that the European debt crisis -- which already has seen Greece, Ireland and Portugal seek aid from the European Union and International Monetary Fund -- is now spreading to Italy, analysts at Goldman Sachs are predicting that while painful, debt consolidation will succeed as soaring borrowing costs force governments to act.

  • Lack of Trust in Italy Puts Euro at Risk: Manager Tuesday, 2 Aug 2011 | 2:35 AM ET

    As the world waited for news on whether the House would pass the debt ceiling deal on Monday, stocks in Italy came under heavy pressure with the country's banks again seeing heavy losses.