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  • Recession-themed newsprint cuttings

    Double dip may be back. It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again, the New York Times reports.

  • Op-Ed: Don't Get Spooked by German Comments Wednesday, 27 Jul 2011 | 5:47 AM ET
    eu building brussels

    Let's make this quite clear: there is no need for the markets to get spooked by German Finance Minister Wolfgang Schaeuble's comments about "no carte blanche for ESFS bond buying".

  • Europe’s Troubled Economies Join the Rescue Team Monday, 25 Jul 2011 | 10:29 AM ET
    Protestors escape tear gas fired by policemen in Athens.

    Can a bailout fund whose backers include some of the countries it may be called upon to bail out really succeed? The NYT reports.

  • Europe Approves Bailout Plan For Greece, Other Nations Thursday, 21 Jul 2011 | 4:03 PM ET
    Greece

    European leaders on Thursday clinched a new rescue plan for Greece that could push the country into default on some debt but would also give Europe’s bailout fund new powers to aid struggling economies, the NY TImes reports

  • 'Too Many Cooks' in Euro Debt Crisis: OECD Head Wednesday, 13 Jul 2011 | 6:58 AM ET
    European Central Bank

    Finding a solution to the euro zone crisis is such a complex task that investors, as well as many citizens of the European Union, have grown disgruntled with attempts to sort out the debt.

  • Debt Crisis Lost in Translation. Until Now Tuesday, 12 Jul 2011 | 2:00 AM ET
    eu building brussels

    After yet another midnight wait for a more or less cryptic "policy" statement by EU officials, CNBC puts together a translation of the hermetic euro policy language into plain English.

  • In Greece, Some See a New Lehman Monday, 13 Jun 2011 | 11:02 AM ET
    The former Greek Prime Minister, George Papandreou

    Bond traders and officials at the European Central Bank have been unified in their warnings that a restructuring of Greece’s debt would set off an investor panic similar to the one that followed the bankruptcy of Lehman Brothers, the New York Times reports. 

  • Do Markets Still Trust Rating Agencies' Decisions? Wednesday, 25 May 2011 | 2:27 AM ET

    Belgium became the latest small European nation to come under the cloud of having its credit ratings outlook cut on Monday. As rating agencies themselves are increasingly criticized, is this the threat it once was?

  • A Favorite Emerges for Helm of IMF Thursday, 19 May 2011 | 7:01 AM ET
    French Finance Minister Christine Lagarde is considered the top contender to replace Strauss-Kahn as IMF chief.

    The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E. Diamond Jr., chief executive of Barclays and one of the most powerful bankers in the world, thanked regulators and finance ministers for their role in shaping a better environment after the financial crisis.

  • Avoiding Greece’s Lehman Moment Tuesday, 10 May 2011 | 2:13 AM ET
    A man walks outside the Bank of Greece headquarters during a demonstation against government's austerity measures in central Athens.

    Restructuring Greece’s debt is both desirable and inevitable, despite insistence from European Union officials over the weekend that the idea is off the table, reports the New York Times.

  • Britons in Demand for US Coverage of Royal Wedding Monday, 25 Apr 2011 | 8:06 AM ET
    Prince William and Kate Middleton

    The most sought-after pundits have been signed to long-term contracts worth over $100,000; some even have deals with several outlets.  "As long as you have an English accent," one expert joked, "you'll work." The New York Times reports.

  • Gaddafi Sons Said to Offer Plan to Push Father Out Monday, 4 Apr 2011 | 2:03 AM ET
    Libyans wave the French flag as they parade on a 155mm Howitzer belonging to Muammar Gaddafi forces in the eastern rebel-held city of Benghazi on March 21, 2011.

    At least two sons of Col. Muammar el-Gaddafi are proposing a resolution to the Libyan conflict that would entail pushing their father aside to make way for a transition to a constitutional democracy under the direction of his son Seif al-Islam el-Qaddafi, a diplomat and a Libyan official briefed on the plan said Sunday, the New York Times reported.

  • Some Weigh Restructuring Portugal’s Debt Friday, 25 Mar 2011 | 3:22 AM ET
    lisbon portugal

    As Europe struggles to come to grips with its debt crisis, which has deepened with the collapse of Portugal’s government after it pushed for yet another round of budget cuts, three numbers stand out: 12.4, 9.8 and 7.8, reports the New York Times.

  • For Europe and China, Nuclear Crisis Renews Fears Thursday, 17 Mar 2011 | 4:50 AM ET
    Nuclear Power Plant

    As Japan’s nuclear crisis intensified Wednesday, governments across Europe remained at odds over whether to scale back nuclear power programs or continue plans to expand, reports the New York Times.

  • Hoping to Lead Bank, Italian Faces Hurdles Friday, 25 Feb 2011 | 5:48 AM ET
    European Central Bank

    Many economists think he should be the next person to run the European Central Bank. But among government leaders in Berlin and Paris, where many of Europe’s most important decisions are made, Mario Draghi, the governor of the Bank of Italy, generates a palpable lack of enthusiasm, reports the New York Times.

  • A new law devised to help Greece crack down on tax cheats is only one of the many efforts Greek authorities have made over the past year to change what has long been a way of life in this country — rampant tax evasion. But so far, to little avail. The New York Times reports.

  • Egyptians Say Military Discourages an Open Economy Friday, 18 Feb 2011 | 4:48 AM ET
    Marchers shake hands with Egyptian Army soldiers on tanks during a demonstration against President Hosni Mubarek in Tahrir Square January 29, 2010 in Cairo, Egypt. Egytian soldiers were for the most part interacting peacefully with the marchers in Tahrir Square during the afternoon hours.

    The Egyptian military defends the country, but it also runs day care centers and beach resorts.  Since the ouster last week of President Hosni Mubarak, of course, the military also runs the government. And some say it has already begun taking steps to protect the privileges of its gated economy, reports the New York Times.

  • Some Spanish Savings Banks Want More Time to Recover Friday, 18 Feb 2011 | 4:08 AM ET
    Spain

    Spanish savings banks, which have been ordered to raise more capital by the government, are facing an uphill struggle to persuade investors to help them improve their balance sheets, reports the New York Times.

  • Europe Makes Effort to Shed a Light on Short Selling Tuesday, 8 Feb 2011 | 5:20 AM ET

    The French financial markets regulator has begun to require hedge funds and other investment managers to disclose their short positions when they reach 0.5 percent of a company’s outstanding stock, reports the New York Times.

  • 'Mutiny' on Ryanair Flight Gets Students Thrown Off Monday, 7 Feb 2011 | 11:26 AM ET
    Stranded airline passengers

    More than 100 students were removed from a Ryanair flight by Spanish police Sunday after refusing to carry out crew instructions following a dispute over a baggage fee, the BBC reported.