The question does not address the future of the euro currency— which many believe is at stake— or the future of Greece's relationship with the 28- nation European Union. "Should the plan of agreement, which was submitted by the European Commission, the European Central Bank and the International Monetary Fund in the Eurogroup of 25.06. 2015 and is comprised of two...» Read More
It would take a sharp fall in the price of oil or another crisis to change Russia's economic system for the long term, Nouriel Roubini, economist and New York University Professor, told CNBC Thursday.
Google has a problem in China. But it may have bigger headaches in Europe. The New York Times reports.
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
There was an agreement that banking regulation and reform was important, but no real plans on what to do.
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
Euro zone member states must meet their commitments on budget stability and cannot be bailed out by the euro zone, French Finance Minister Christine Lagarde told CNBC in Davos on Friday.
Greece's Prime Minister George Papandreou told CNBC Thursday that his country has to make substantial changes to recover from its devastating financial problems.
Icelandic pleas for further aid met with a cool response on Thursday as the IMF suggested its hands may be tied by an Anglo-Dutch debt impasse and Sweden signaled no immediate funds were on the way.
Despite lots of talk about sovereign debt default in 2010, IHS Global Insight said Monday there is very little chance of major problems over the coming year.
After fighting tooth and nail to hit 2009 targets CEOs are reluctant to call the end of the bad times until enough revenue arrives in 2010.
The English economy would be better off if it was separated from Scotland, its UK neighbor, because the cost of backstopping Scotland's banks far outweighs any benefits, Roger Nightingale, strategist at Pointon York, told CNBC.com Monday.
Fears are growing that Greece or another weak country may default on its sovereign debt obligations, forcing the richer countries in Europe to ride to the rescue or face the risks, the New York Times reports.
The European Summit kicked off Friday with Greece's mounting debt and deficit problems at the head of the conference agenda.
The renewed rivalry between France and the UK is still growing. And this time agriculture is the altercation.
The world may be focused on the debt crisis that has submerged the emirate of Dubai, but in Europe investors are also watching the situation unfolding in Greece and whether it could be the next shoe to drop.
It is hard to tell how the situation will work out and/or whether it will still act as a trigger for a broader correction in the "risk" oriented trades. It could be shrugged off as unsurprising since, as the Wall Street Journal reported on Monday, "investors have known for months that Dubai World was dangerously indebted."
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European heads of states appointed Baroness Catherine Ashton as the European Union's foreign-policy chief, the so-called first EU Foreign Minister, Thursday evening.
A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.