CNBC's Simon Hobbs reports on all the market moving events in Europe today, including» Read More
Many financial institutions are ready to take a hit on Greek debt, but are wondering where the "line in the sand" will be drawn, Andrew Moss, Aviva CEO, told CNBC.
The euro zone will need political unification to save the euro, Alan Greenspan, former chairman of the US Federal Reserve, wrote in an opinion piece in the Financial Times.
Aviva is exposed to Ireland, Spain and Italy because it has large life insurance businesses there, Andrew Moss, Aviva CEO, told CNBC. He added that overall, he was comfortable with these exposures.
French banks could handle a capital hit caused by their exposure to peripheral sovereign debt, but have fallen victim to negative market sentiment, David Byrne, director of fund management at Swiss Canto Funds Centre in London, told CNBC.
When chancellor of the exchequer, George Osborne, got up to speak at the Conservative party conference on Monday, he knew he had to tread a fine line between optimism that the British economy could recover and wasn’t going to fall into a "double-dip" recession, versus facing down calls from the Liberal Democrats to ease public spending cuts and those on the right of his own political party calling for an end to the 50p tax rate at the very least.
As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.
The Franco-Belgian lender may be poised to set assets worth more than EUR180 billion into a so-called bad bank, a vehicle backed by guarantees from the French and Belgian governments, according to a report in The Wall Street Journal.
Credit default swaps (CDSs) have emerged blinking from computers in glass-fronted offices into the limelight in recent years.
As the markets seemed poised to record their worst quarter since the dark days of 2008 Friday, an HSBC strategist told CNBC that liquidity was the most important thing to investors at the moment.
Stocks rallied on Monday and Tuesday on hopes that policy makers where about to get their act together and unveil a credible solution to the euro zone debt crisis. On Wednesday the bears where back in charge as stocks and commodities came under renewed pressure amid fears a euro zone resolution was not as close as had been hoped.
Stocks have rallied in recent days on hopes that European Union leaders and policy-makers are close to an agreement that would significantly increase the firepower of the European Financial Stability Fund (EFSF)-- essentially the euro zone's rescue fund for troubled member states -- so that it can help deal with the zone's long-simmering debt crisis.
A look at how telecom giant, Alcatel-Lucent plans to capitalize on an ever-expanding mobile marketplace, with Ben Verwaayen, Alcatel-Lucent CEO, and Carly Fiorina, former HP CEO.
It's all about the potential European debt plan today - time for your FX Fix.
"Issuing bonds and using that to band aid over the debt crisis will not solve the problem. The ultimate problem is that half the economy in Greece and Spain and Italy is black market, so governments never see those revenues. What you really need to do is just give stimulus," James Altucher, managing director of Formula Capital, told CNBC.
The UK’s opposition finance spokesman Ed Balls called on the government to provide a credible policy to encourage economic growth telling delegates at the Labour party’s annual conference the coalition government’s austerity plan “just wasn’t working”.
After a weekend of talks at the International Monetary Fund’s annual meeting in Washington over how best to deal with the euro zone debt crisis, we appear no closer to a resolution.
European policymakers, stung by criticism for failing to stem the euro zone debt crisis, began working on new ways to stop fallout from Greece's near-bankruptcy from potentially upsetting the world economy.
Just when markets were focused on the risks of a Greek default and the possibility of contagion to other countries, Spain’s central bank reported this week that things were getting worse for that country’s banks — but not because they held a lot of Greek debt or bonds issued by other troubled European economies.
The European Central Bank was buying Italian and Spanish government bonds in the markets on Thursday, traders told CNBC.
The IMF has been credited with alleviating past financial crises - but has the IGO been helpful this time around?