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The European Union

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  • 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

    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.

  • Dublin to Take Majority Stake in Bank of Ireland Tuesday, 23 Nov 2010 | 6:33 PM ET

    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.

  • The Bazooka Theory is Backfiring Tuesday, 23 Nov 2010 | 11:00 AM ET
    arnold commando

    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 in the Same League as the PIIGS? Tuesday, 23 Nov 2010 | 10:19 AM ET

    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 Prepares to Be Market Focus After Ireland Tuesday, 23 Nov 2010 | 6:37 AM ET
    Portugal

    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 Shares to Open Lower on Korean Jitters Tuesday, 23 Nov 2010 | 2:21 AM ET

    European stock index futures pointed to a lower open on Tuesday, as investors were rattled by mounting tensions in the Korean peninsula.

  • Farrell: Since When Does the US Take Lip Like That?! Monday, 22 Nov 2010 | 10:01 AM ET

    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.

  • For Russia's Poor, Blond Hair Is Snippet of Gold Monday, 22 Nov 2010 | 7:13 AM ET
    Paris goes green!

    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.

  • UK to Water Down Bank Bonus Rules Monday, 22 Nov 2010 | 4:37 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    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 to Rally on News of Irish Bailout Monday, 22 Nov 2010 | 2:04 AM ET

    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.

  • Dublin, Ireland

    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.

  • Obama in Portugal; Meets With EU, NATO Partners Friday, 19 Nov 2010 | 11:00 AM ET

    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.

  • What Ireland Can Learn From Latvia's Fate Friday, 19 Nov 2010 | 10:43 AM ET

    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.

  • Did Austerity Manage to Save Eastern Europe? Friday, 19 Nov 2010 | 10:09 AM ET

    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.

  • UK PM's Aide Resigns After Glossing Over Austerity Friday, 19 Nov 2010 | 9:06 AM ET

    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 Deflation to Be Saved: Economist Friday, 19 Nov 2010 | 5:11 AM ET

    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.