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The European Union

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  • Irish Banks Exposed to Euro Periphery Thursday, 2 Dec 2010 | 6:40 AM ET
    Dublin, Ireland

    Ireland’s banks are among the most exposed to some of the other weaker euro zone nations, in spite of the industry’s tiny network of foreign operations. The FT reports.

  • Fighting Youth Unemployment With Mobile Phones Thursday, 2 Dec 2010 | 2:25 AM ET

    As young people who've suffered directly from long-term unemployment, we're sure of one thing: youth joblessness is a massive challenge—but one that can be overcome through innovation.

  • Heavy Snow Causes Severe Disruption in Europe Wednesday, 1 Dec 2010 | 10:35 AM ET
    Workmen clear snow from Edinburgh Airport car park on December 1, 2010 in Edinburgh, Scotland. Freezing weather conditions and heavy snow have forced Scotland's main airport to close for the day.

    Heavy snow and subzero temperatures swept across Europe, killing at least eight homeless people in Poland, closing major airports in Britain and Switzerland and causing hundreds of highway accidents.

  • Russia 'Cheap Compared to Everything': Strategist Wednesday, 1 Dec 2010 | 9:21 AM ET

    Fear of political instability and corruption allegations have kept many investors away from Russia, but now could be the time to take advantage of the emerging market as Europe is in the grip of a debt crisis and valuations are cheap, Roland Nash, chief strategist at Renaissance Capital, told CNBC Wednesday.

  • Chinese Manufacturing to Lift European Stocks Wednesday, 1 Dec 2010 | 2:14 AM ET

    European stock index futures pointed to a rebound for equities on Wednesday, with better-than-expected Chinese manufacturing data helping to bolster positive sentiment.

  • Stocks End Lower for November; BofA Slides Tuesday, 30 Nov 2010 | 5:05 PM ET

    Stocks struggled to end in positive territory but ended down as sovereign debt concerns in the euro zone kept a check on gains throughout the session. News that the Obama administration will work with Republicans on the tax dispute gave a brief lift to stocks. BofA and Procter & Gamble fell.

  • Stocks Lose Ground Before Close; BofA Falls Tuesday, 30 Nov 2010 | 3:53 PM ET

    Stocks lost ground in the final minutes of trading after moving higher in the wake of news that the Obama administration will work with Republicans on the tax dispute. Rising worries over sovereign debt concerns in the euro zone kept a check on gains throughout the session. BofA and Procter & Gamble fell.

  • Gold Becoming a Hedge Against 'Monetary Uncertainty' Tuesday, 30 Nov 2010 | 1:27 PM ET
    Gold coins and bar

    Gold isn't serving as a hedge against inflation, as traditionally has been the case. Instead, as investment guru Dennis Gartman points out, investors see gold as "a hedge against monetary uncertainty."

  • Stocks Slump, Led by Tech; Wal-Mart Gains Tuesday, 30 Nov 2010 | 11:28 AM ET

    Stocks continued to decline Tuesday amid mixed U.S. economic data and concern the European debt crisis would spread to other nations. JPMorgan and Pfizer fell.

  • Splits in Euro Zone Emerge Amid Debt Crisis Tuesday, 30 Nov 2010 | 10:45 AM ET
    A trader sits in front of a board displaying Germany's share index DAX at the stock exchange in Frankfurt/Munich, western Germany.

    Even as Europe struggles to contain its latest debt crisis, fresh fissures are emerging that show the euro zone diverging into two — or even three — different economic parts that threaten to compound the problems even further. The NYT reports.

  • The EU bailout for Irish banks failed to quell financial markets. Borrowing costs for Portugal, Spain and others continue to rise, because structural problems created by the euro and single European market remain unaddressed and more crises are inevitable.

  • German Papers Decry the Country's 'Hesitant Hegemony' Tuesday, 30 Nov 2010 | 9:22 AM ET
    Reichstag Parliment building, Berlin, Germany

    A look at recent German headlines shows the difficulty the government of the euro zone’ biggest country faces in satisfying both the demands of its euro zone partners and those of its citizens.

  • Futures Remain Lower After Home Price News Tuesday, 30 Nov 2010 | 9:15 AM ET

    U.S. stock index futures continued to fall sharply ahead of the open Tuesday after an index of home prices fell unexpectedly and as fear of contagion from the European debt crisis continued to rattle investors.

  • 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

    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

    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

    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.