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The European Union

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  • EU Has Funds for Growth – They're Under Red Tape Tuesday, 30 Nov 2010 | 7:26 AM ET
    Euro bills and coins in cash register tray

    Billions of euros of EU funds to promote growth in Europe’s rundown regions are lying idle because cash-strapped national governments cannot find the necessary matching funds to release the money. The FT reports.

  • European Stocks to Rebound From 7-Week Lows Tuesday, 30 Nov 2010 | 2:21 AM ET
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    European shares were set to rise Tuesday, bouncing back from seven-week closing lows in the previous session on worries about the euro zone debt crisis, after Wall Street cut its losses.

  • Yoshikami: Europe; 2 Down, 3, 4, 5 to Go? Monday, 29 Nov 2010 | 1:37 PM ET
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    There are clearly two perspectives emerging on Europe's problems and this chasm in perspectives will become more clear as time goes by. The budget minded nations are reigning in the less disciplined sovereigns. Solvent Europe vs. broke member nations.

  • Europe: Fragmenting on Multiple Axes? Monday, 29 Nov 2010 | 1:13 PM ET
    Demonstrators block a police car on the parking lot of the Madrid transport bus company during the general strike held in whole Spain in Madrid as unions launched a 24-hour general strike all around Spain to protest tough government labor reforms and austerity measures.

    A few weeks ago, I wrote about the possibility of a political breakup of the European Union. Just before Thanksgiving, I wrote— not ironically — about whether a crypto-breakup of Europe might already be underway in the sovereign debt markets.

  • Belgian Debt Yields up Amid Euro Zone Fears Monday, 29 Nov 2010 | 7:37 AM ET
    Aerial view of a town square Bruges Belgium

    The premium investors demand to hold Belgian government bonds rather than benchmark German debt rose to its widest level since early 2009 on Monday as the country issued 2 billion euros of 2014, 2020 and 2035-dated bonds.

  • European Stocks to Open Higher After Irish Bailout Monday, 29 Nov 2010 | 2:06 AM ET
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    European shares were indicated higher Monday, expected to reverse some of last week's losses after the European Union agreed an 85 billion euros ($113 billion) bailout for Ireland at the weekend.

  • EU Approves $113 Billion Bailout for Ireland Sunday, 28 Nov 2010 | 2:08 PM ET
    Ireland and European Union

    According to a statement released by the Irish government, the country will take €10 billion immediately to boost the capital reserves of its banks. Another €25 billion earmarked for the banks will remain in reserve.

  • Dublin, Ireland

    An Irish government minister said he expects an agreement on an EU-IMF bailout loan for Ireland worth approximately €85 billion ($115 billion), but he rejected reports that the aid would carry a punitively high interest rate.

  • European Debt Worries Force Investors to Play It Safe Friday, 26 Nov 2010 | 12:50 PM ET
    NY Stock Exchange Traders

    While the market pullback isn't even in the realm of a correction, worries that Europe's debt crisis could  hurt the global economy are weighing on what otherwise could be a robust rally.

  • European Stocks to Open Lower; Debt Fears Resurface Friday, 26 Nov 2010 | 2:10 AM ET
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    European shares are expected to retreat on Friday after gains in the previous two sessions, with persistent concerns about euro zone debt problems and Chinese inflation seen putting pressure on the market.

  • Irish Economy Better Off Than Greece: Strategist Thursday, 25 Nov 2010 | 10:10 AM ET

    Ireland is actually in a better economic position than other struggling euro zone states, Chris Watling, managing director at Longview Economics, told CNBC Thursday.

  • Abu Dhabi Bank Sues Credit Suisse, S&P Over Deal Thursday, 25 Nov 2010 | 4:28 AM ET

    Abu Dhabi Commercial Bank is suing Credit Suisse and credit rating agency Standard & Poor's, alleging it was misled over a 2007 investment that went sour.

  • Europe Stocks to Rise; Euro Struggles as Fear Persists Thursday, 25 Nov 2010 | 2:12 AM ET
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    European shares were set to open higher on Thursday, adding to gains in the previous session, and after Wall Street rose on upbeat economic data. 

  • Crescenzi: “The Keynesian Endpoint” Wednesday, 24 Nov 2010 | 2:44 PM ET
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    Nations are left with old playbooks and fewer choices by which to resolve their respective problems. This means that time, devaluations, and debt restructurings might be the only way out for many nations. It also means the citizenry will require politicians that can think outside of the box and act with greater unity and resolve than perhaps they are used to.

  • Spain is Not Ireland: H. Rodgin Cohen Wednesday, 24 Nov 2010 | 12:51 PM ET
    bank_vault_200.jpg

    Things are getting better in the long term when it comes to the banks and Europe, H. Rodgin Cohen, senior chairman at the law firm Sullivan & Cromwell, told CNBC Wednesday.

  • Has the EU Already Broken Up? Wednesday, 24 Nov 2010 | 12:22 PM ET
    european_union_cracked_200.jpg

    What if the European Union broke up—and nobody bothered to tell you about it? Well, some are speculating that it has already happened.

  • Stand by Ireland to Stop Contagion: El-Erian Wednesday, 24 Nov 2010 | 9:59 AM ET
    EU building flags brussels

    Ireland faces an uphill struggle to survive the turmoil currently plaguing it, and the rest of Europe will need to stand by the country if it wants to avoid the debt crisis spreading further across the region, Mohamed El-Erian, CEO and co-CIO of Pimco wrote in a commentary piece for the Financial Times on Wednesday.

  • JP Morgan Eyeing Lehman's Former UK Premises Wednesday, 24 Nov 2010 | 5:52 AM ET
    Lehman Brothers' employees arrive at work on September 19, 2008 in London, England. For many employees at the American investment bank, today is their final payday following Lehman Brothers going into administration earlier this week.

    JPMorgan Chase is close to axing plans to build a £1.5 billion ($2.4 billion) European headquarters in Canary Wharf, opting instead for the former UK premises of Lehman Brothers, reports the Financial Times.

  • German Consumers Become Surprisingly Upbeat Wednesday, 24 Nov 2010 | 4:18 AM ET
    germany_cityscape_200.jpg

    The surprisingly upbeat mood of German shoppers could have big implications for Europe. The Financial Times reports.

  • European Stocks Expected to Bounce After Selloff Wednesday, 24 Nov 2010 | 1:55 AM ET
    Traders sit in front of their screens at the stock exchange in Frankfurt/Munich, western Germany.

    Financial bookmakers expect to see Europe's top indexes rising on Wednesday, with resource-related shares finding support in rising metal and commodity prices.