With or without a deal, Greece remains in a tough spot, says Austan Goolsbee, professor of Economics at University of Chicago's Booth School of Business.» Read More
The road into town is a potholed track, passing villages of log cabins and fallow fields that speak to the poverty that has gripped this part of central Russia for as long as anyone can remember. The New York Times reports.
George Osborne is set to water down plans to force disclosure of bank bonus payments above £1 million, in a move that will delight the City but sets up a political clash with business secretary Vince Cable and the Liberal Democrats, reports the Financial Times.
European shares looked set to open sharply higher Monday as a deal to bail out Ireland from its debt problems was reached at the weekend.
As Irish and European officials engaged in tense talks over the terms of a multibillion dollar rescue package, Ireland’s Prime Minister Brian Cowen sais its low corporate tax rate and four-year budget plan, the New York Times reports.
Back on the world stage for crucial talks, President Barack Obama on Friday quickly found European leaders more willing to question a president weakened at home and rebuffed abroad.
CNBC's Anna Edwards discusses how Ireland can learn a few lessons from Latvia. Eastern Europe throws up some fascinating examples that Dublin might like to study as Ireland battles to keep its fiscal independence, she says.
CNBC went on the road this week to Central and Eastern Europe, a region that a year and a half ago was sending shockwaves through markets as some analysts were predicting its collapse.
A senior adviser to Prime Minister David Cameron resigned on Friday after saying most Britons had "never had it so good" even though many face benefit cuts or unemployment due to a public spending squeeze.
As Dublin moves toward accepting a European Union bailout, the attention is shifting towards Portugal as possibly the next victim of Europe's debt crisis.
Greece needs to go through a period of deflation to return to competitiveness and ensure sustainable growth, John Sfakianakis, group chief economist at Banque Saudi Fransi, told CNBC Friday.
Investors should buy Irish sovereign debt as an expected European Union bailout will boost prices, Bob McKee, chief economist at Independent Strategy, told CNBC Thursday.
European shares are indicated to open flat Friday, ahead of a conference at the European Central Bank in Frankfurt where Fed Chairman Ben Bernanke and ECB President Jean-Claude Trichet will both speak.
Sarah Palin says she could defeat President Barack Obama if she were to seek the White House in 2012, according to the transcript of an interview with ABC News.
European shares looked set to open higher Thursday, tracking gains in Asia and on optimism that the situation in Ireland will be resolved.
"The focus has shifted from QE2," says one market pro. "QE2 was supposed to send the dollar down. Instead it's going up. Interest rates were supposed to go down. Instead they've gone up."
European shares were set to open mixed Wednesday as worries over the debt situation in the euro zone persist and fears of monetary tightening in China because of the danger of inflation increased.
European shares were set to open lower on Tuesday as fears Dublin could seek money for its stricken banks from an EU emergency fund linger among investors.
Is the real threat of the European debt crisis being underreported in the US?
In an article in today's Financial Times, Portuguese finance Minister Fernando Teixeira dos Santos was discussing the implications of the current simultaneous credit crises in Greece, Portugal, and Ireland.
The auto navigation device may soon begin to disappear, industry experts say, as satellite-tracking technology is absorbed into smartphones and automobiles. The New York Times reports.