Anthimos Thomopoulos, CEO of Piraeus Bank, says non-performing loans will peak this year as recovery in the Greek economy takes place.» Read More
What if the European Union broke up—and nobody bothered to tell you about it? Well, some are speculating that it has already happened.
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.
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.
The surprisingly upbeat mood of German shoppers could have big implications for Europe. The Financial Times reports.
Financial bookmakers expect to see Europe's top indexes rising on Wednesday, with resource-related shares finding support in rising metal and commodity prices.
The Irish government is poised to take a majority stake in Bank of Ireland, which will leave the Republic without a single significant lender independent of state control.
Yesterday, we blasted the Bazooka Theory at work in the European Union's bailout of Ireland. Today the Wall Street Journal provides even more evidence of the stupidity of the theory:
Japan will be forced to take austerity measures similar to those embarked upon in many European countries, but Prime Minister Naoto Kan’s five-month-old government has so far failed to take decisive action to get Japan’s economy back on track, Tobias Harris, author of "Observing Japan" said.
Portugal is bracing for an increase in speculative trades against it as some investors expect it to be the next European nation to need a bailout now that Ireland is taking a massive loan to prop up its banks.
European stock index futures pointed to a lower open on Tuesday, as investors were rattled by mounting tensions in the Korean peninsula.
Doing what other US officials should have been doing all along, the Force, otherwise known as Gentle Ben, struck back last week and defended US monetary policy. But more importantly, in a very nice way, he told other nations to look to their own houses andback off on the criticism of the US.
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.