ANTANANARIVO, March 15- The World Bank and the European Union will resume financial support to Madagascar, officials said, pledging to help rebuild the Indian Ocean island economy still reeling from a coup in 2009..» Read More
European debt worries go well beyond the Continent, and U.S. durable goods dent the dollar. Your FX Fix, right here.
Ireland’s economy will take longer to recover from its current slump than from the recession of the 1980s, John Bruton, former Prime Minister of Ireland and European Union Ambassador to the US, told CNBC.com on Wednesday.
Greece should receive another tranche of aid from the European Union to enable it to have a second chance and restructure later, according to an analyst.
Greece will not have a snap election, the office of the Greek Prime Minister told CNBC Wednesday in response to market speculation that affected the euro late Tuesday.
Belgium became the latest small European nation to come under the cloud of having its credit ratings outlook cut on Monday. As rating agencies themselves are increasingly criticized, is this the threat it once was?
The Greek government is unsurprisingly unable to find consensus on new, even stronger austerity measures aimed meeting the terms of its bailout by the European Union and the International Monetary Fund.
European leaders are pushing to impose measures that would ensure the Greek government lives up to its promise to deliver €50 billion ($70 billion) in privatization proceeds, amid skepticism that Athens can carry out the sell-offs reports the FT.
CNBC's Bob Pisani, Bertha Coombs, and Sharon Epperson reports on the latest economic data & the European debt crisis; commodities, including coffee, and its impact on the markets.
Private debtholders, including euro zone banks, should accept a debt extension or other form of "soft default" to alleviate the debt burden for countries such as Greece if Europe wants a solution to the sovereign debt crisis, Bill Gross, Co-CIO of PIMCO told CNBC on Tuesday.
It has almost been two years since US President Barack Obama took the stage at Cairo University, reaching out to a mesmerized audience and seeking "a new beginning between the United States and Muslims around the world".
The best type of restructuring for investors is austerity, a type of debt default that sees a government renege on its obligations to its own people rather than bond holders according to Christian Gattiker-Ericsson, the chief strategist and head of research at Julius Baer.
Fitch became the second ratings agency to threaten Belgium with a credit downgrade on Monday, saying a lack of government undermined budget efforts in one of the euro zone's most indebted states.
German taxpayers are unhappy about a Greece bailout, says Dennis Gartman, The Gartman Letter.
John Lipsky, acting managing director of the International Monetary Fund, told CNBC Monday he will be retiring Aug. 31 when his term as first deputy ends.
Insight on the growing debt problems in the euro zone; likely successors for the IMF, and this week's G8 meeting, with John Lipsky, IMF acting managing director.
Europe's looming debt crisis, and U.S. economic fears sent markets lower today. How should investors position themselves in these uncertain times? Tony Dwyer, Collins Stewart, and Robert Froehlich, The Hartford weigh in.
CNBC's Jim Cramer says Greece's debt problem is holding the rest of Europe hostage and that it might be a good idea to let the Greek banks default and move on. Cramer also defends his favorable position on Salesforce.com.
Discussing the risks and potential rewards of investing in Europe, with Marc Chandler, Brown Brothers Harriman, and Edward Harrison, Global Macro Advisors.
A look at what's driving down the markets, and investment strategies for this economic soft spot, with Scott Wren, Wells Fargo Advisors, and Michael Yoshikami, YCMNET Advisors.
Greece will create a sovereign wealth fund composed of real estate and state-owned assets as it looks to accelerate its deficit reduction program, according to the Greek finance minister George Papaconstantinou.