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France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.
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Investors expect Federal Reserve Chairman Ben Bernanke to print more money as the growth rate remains too low, and this is the reason behind the very strong rally in September, Philippe Gijsels, a strategist with BNP Paribas Fortis, told CNBC.com Friday.
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If a global double dip happens, the downside on corporate junk is much more daunting than it is for sovereign debt.
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The sovereign debt crisis, wrecking havoc on some periphery euro zone member states, could turn out to be a positive for many core European counties, Karen Olney, chief European equity strategist at UBS, told CNBC Wednesday.
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New EU banking regulation must focus on institutions’ individual business models, rather than simply their size, Jacques de Larosière, co-president of think tank Eurofi told CNBC.
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Genzyme’s chief executive could step down next summer and ease a takeover of the biotechnology business by Sanofi-Aventis of France. The FT reports.
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The question whether the single European currency will survive the current crisis is "silly", Otmar Issing, president of the Center for Financial Studies and a former ECB board member told CNBC.
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Demand may be strong for bonds issued by periphery euro-zone countries but those countries must restructure their debt at some point because yields are unsustainably high, two economists told CNBC Wednesday.
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The ANSA news agency says Italian financial police have seized euro23 million ($30 million) from an account in the Vatican bank in an investigation into money laundering.
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Ireland's four- and eight-year sovereign bond auctions saw strong demand, pushing the euro higher versus the dollar.
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Investors are anxiously waiting for Ireland's auction of longer-term government bonds later Tuesday to see whether demand for periphery euro-zone debt is still going strong despite fears that gripped markets Friday.
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A planned auction for Irish government bonds is likely to go ahead despite jitters concerning the country's banks and debt that roiled markets Friday, analysts said Monday.
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Irish stocks fell Friday, dragged down by weak banking shares while the cost of insuring the country's sovereign debt soared to a new record high after analyst comments brought the former Celtic tiger's banking sector problems back into the limelight.
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A strong rally for stock markets is likely in the fourth quarter but the US economy faces sluggish growth, especially if the Bush tax cuts are not rolled over, Bob Parker, a senior adviser at Credit Suisse, told CNBC Friday.
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The European Union's proposals to revamp the derivatives sector are actually likely to benefit the banks that are already too big to fail, risk consultant Satyajit Das told CNBC Thursday.
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In two weeks, Alexandra Mallosi, 29, will be packing her bags and leaving the quiet Athens suburb of Holargos for Abu Dhabi to start a job as a hotel sales manager. It was not a tough decision, reports the New York Times.
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There is unlikely to be a double-dip recession, while the fact that stimulus spending was helpful in containing the crisis is undisputable, Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), told CNBC Monday.
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The historic banking reforms agreed in Basel over the weekend are pointless and won't stop the next crisis destined to hit the markets, Alpesh Patel, principal at Praefinium Partners, told CNBC Monday.
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The global recovery looks to be slowing more than expected as growth weakens in the world's rich economies, and monetary stimulus should be extended or stepped up if the slowdown proves more than momentary, the Organisation for Economic Co-operation and Development said on Thursday.
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The Swiss franc's safe-haven reputation helped it hit a new high against the euro, but the currency's strength risks hurting those who have relied on its vigor.