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Eastern Europe

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  • European Markets Cautious On Euro Zone Uncertainty Monday, 27 Aug 2012 | 1:10 AM ET

    European markets are called to open cautiously Monday after mixed signals from euro zone politicians and officials over the weekend.

  • Austria's AAA Rating Under Attack From East and West Wednesday, 22 Aug 2012 | 4:37 AM ET
    Austria

    Austria's triple-A credit rating hangs in the balance, and analysts are divided as to whether the country is more at risk from its banks’ heavy exposure to ex-Communist Eastern Europe or from heavily indebted Western Europe.

  • Euro’s Medicine May Be Making Greece’s Symptoms Worse Wednesday, 25 Jul 2012 | 12:30 PM ET
    Greek Parliament

    Greece's official lenders are signaling a growing reluctance to keep paying the bills of the nearly bankrupt nation, even as the government seeks leniency on its bailout terms.

  • US Is Building Criminal Cases in Rate Fixing Monday, 16 Jul 2012 | 6:04 AM ET
    Gavel

    As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal. The New York Times reports.

  • This is a transcript of Warren Buffett, Alan Simpson, and Erskine Bowles' Sun Valley live interview on CNBC's Squawk Box, July 12, 2012, from 8am to 9am ET.  They discussed why the U.S. needs to address its mounting debt problem and suggested some solutions.

  • Warren Buffett is interviewed on CNBC's Squawk Box, July 12, 2012

    This is a transcript of Warren Buffett's Sun Valley live interview on CNBC's Squawk Box, July 12, 2012, from 7:30am to 8:00am ET.  In his conversation with Becky Quick, Buffett says he now sees U.S. economic growth slowing, but residential housing is picking up slightly. He also says Europe has "been slipping pretty fast" over the past six weeks.

  • Europe’s Downturn Creates Unlikely Smugglers Thursday, 12 Jul 2012 | 2:20 AM ET
    Cigarettes

    For years, law enforcement officers and smugglers have played cat and mouse in Europe, where contraband cigarettes are stashed in everything from furniture shipments to loads of Christmas trees, the New York Times reports.

  • Bank Scandal Turns Spotlight to Regulators Tuesday, 10 Jul 2012 | 2:07 AM ET
    Wall Street sign

    As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity, the New York Times reports.

  • Euro Stays Frail, China's CPI Cools Monday, 9 Jul 2012 | 8:27 AM ET

    The euro's slide stalls and Chinese consumer price inflation keeps slowing — it's time for your FX Fix.

  • Trade Group for Bankers Regulates a Key Rate Friday, 6 Jul 2012 | 2:35 AM ET
    Robert Diamond, CEO of Barclays.

    While it was big news when the Barclays chairman, Marcus Agius, resigned Monday over his bank’s role in the Libor rate-fixing scandal. Less noticed was his other resignation that same day, the New York Times reports.

  • Draghi Gets Powers to Rival Bernanke Tuesday, 3 Jul 2012 | 2:39 AM ET
    Mario Draghi

    The spotlight in the European debt crisis has now shifted decisively toward the influential leader of the European Central Bank, Mario Draghi, who emerged from the recent summit meeting in Brussels with new powers and stronger backing to address the Continent’s financial woes. The New York Times reports.

  • Poland’s Growth Defies Euro Zone Crisis Monday, 2 Jul 2012 | 2:37 AM ET
    Castle Square in Warsaw old town, 30th July 2010. (Photo by Luis Davilla/Cover/Getty Images)

    As EU leaders scramble to save the euro zone and cobble together policies to restore growth, Poland is solidifying its position as the union’s fastest growing economy, the Financial Times reports.

  • French President Francois Hollande (L) speaks with German Chancellor Angela Merkel (R)

    The French President is determined to show the French that he is willing to stand up to Berlin, to push the German Chancellor to contribute even more than before toward a lasting solution of the euro mess. The New York Times reports.

  • Are Oil Exports Russia's Curse as Well as Its Blessing? Thursday, 21 Jun 2012 | 3:17 AM ET

    Russia's prospects are brighter than those of many other economies, despite fears that the return of Vladimir Putin to the presidency will slow the pace of structural reforms and falling oil prices could hurt its budget.

  • The head of the European Central Bank and other euro zone leaders worked on Saturday on a grand vision for the euro zone meant to reassure investors and allies that flaws in the currency union will be addressed quickly.

  • In Europe, Banks Borrowing to Stay Ahead of the Tide Monday, 11 Jun 2012 | 10:31 AM ET
    Euro bills

    As Europe works to prop up Spain’s wobbling banks, its leaders still face a problem that plagues the Continent’s increasingly vulnerable financial institutions — a longstanding addiction to the borrowed money that provides the day-to-day financing they need to survive.

  • Estonian Rhapsody: Did Krugman Cherry-Pick Data? Friday, 8 Jun 2012 | 2:39 PM ET
    Estonia

    Paul Krugman dismisses Estonia's economic progress. Here's the bigger picture, and the back story behind one of the most entertaining Twitter wars in euro zone history.

  • Greece Warns of Going Broke as Tax Proceeds Dry Up Wednesday, 6 Jun 2012 | 5:52 AM ET

    As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money, the New York Times reports.

  • Roubini and Bremmer: Russia Is No ‘BRIC’ Wednesday, 30 May 2012 | 6:10 AM ET
    Russia

    Russia’s typical out-of-step response to global events – the latest its refusal to condemn the Assad regime in Syria – show its increasing insignificance on the world stage, Nouriel Roubini, chairman of Roubini Global Economics and Ian Bremmer, president of Eurasia Group, argue in an op-ed in the Financial Times

  • Most Aid to Athens Circles Back to Europe Wednesday, 30 May 2012 | 12:41 AM ET
    European Central Bank

    The European bailout of 130 billion euros ($163.4 billion) that was supposed to buy time for Greece is mainly servicing only the interest on the country’s debt — while the Greek economy continues to struggle, the New York Times reports.