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The European Union

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  • 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.

  • What's Next for Dollar?     Monday, 1 Aug 2011 | 5:22 PM ET

    Any Busch, BMO Capital Markets, explains why it's a mixed picture for the US dollar.

  • With Debt Deal, Time to Worry About Europe Again Monday, 1 Aug 2011 | 2:38 AM ET
    European Central Bank

    The financial markets don't know which way to look. On either side of the Atlantic we have a debt disaster that would on its own be a recipe for short fingernails or worse. But despite Monday's headlines, it is Europe that presents the far greater risk to the global economy.

  • Credit Agricole Shares Fall After Greek Unit Hit Friday, 29 Jul 2011 | 6:14 AM ET
    A man walks outside the Bank of Greece headquarters during a demonstation against government's austerity measures in central Athens.

    Shares in French Bank Credit Agricole fell in early Paris trade on Friday after the group announced it took a hit in the second quarter for an expected loss at its Greek Emporiki Bank unit and its participation in an EU-led rescue plan for Greece.

  • Distressed European Equities, Bonds a Great Buy: Pro Wednesday, 27 Jul 2011 | 4:08 AM ET
    TOWN OF FIRA, SANTORINI, GREECE TOWN OF FIRA, SANTORINI, GREECE

    Europe's debt crisis has pushed yields on bonds of peripheral countries to record levels and sent shares of some banks tumbling. But one expert who advises institutional investors on risk and hedging strategies says peripheral long-end bonds and some bank stocks offer investors a great investment opportunity.

  • European Countries Waited Too Long     Tuesday, 26 Jul 2011 | 8:03 AM ET

    Greece had to adopt a very strict program, because it waited too long, says Lorenzo Bini Smaghi, European Central Bank and CNBC's Steve Liesman.

  • Investors Unlikely to Embrace Greek Swaps: JPMorgan Tuesday, 26 Jul 2011 | 7:10 AM ET
    Greece

    Investors are unlikely to take up in sufficient numbers the voluntary swap scheme set up by the euro zone for Greek bonds because they will be tempted to sell at the higher prices found at the short-end, investment bank JPMorgan says.

  • Confusion Follows Relief as Greek Bond Swap Looms Tuesday, 26 Jul 2011 | 12:55 AM ET

    Just days after European policymakers toasted a 109 billion euro ($156 billion) bailout aimed at hauling Greece back from the brink of insolvency, speculation some of its hapless bondholders might opt out of a crucial distressed debt exchange is gathering pace.

  • Even after billions in debt forgiveness and a massive second bailout, Greece still faces a debt to GDP ratio of at least 100 percent, Charles Dallara, managing director of the Institute for International Finance, told CNBC in an exclusive interview Monday.

  • LONDON, ENGLAND - MAY 06: EDL (English Defence League) members demonstrate outside the US embassy in Mayfair against a rival Muslim protest condemning the killing of Osama bin Laden on May 6, 2011 in London, England. The Muslim demonstration, which was called by radical Muslim cleric Anjem Choudary, was in close proximity to a rival protest by the English Defense League who were celebrating the death of the al-Queda leader. (Photo by Oli Scarff/Getty Images)

    The increasing acceptance of Islamophobia and anti-immigration rhetoric in the mainstream of European political discourse has created a space for a resurgent and self-confident far-right that has become a credible threat to security and society.