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The European Union will not respond with a U.S.-style bailout package to the current crisis but it will probably decide to guarantee all private deposits in banks across its territory to boost citizens' confidence in financial institutions, analysts told CNBC on Tuesday.
Countries across Europe are following the move by Ireland to guarantee all its bank deposits. Should governments guarantee deposits? Vote in our poll.
Don't you get the feeling that for the past year or so political leaders and leading bankers have been rearranging those deckchairs on this our global financial market Titanic, while the hull of the big ship is balefully scraping along that big, fat, menacing iceberg?
Ireland's decision to guarantee all bank deposits will contribute to the demise of the single European currency, because it will erode the euro's credibility if it's allowed to go ahead, Hugh Hendry, chief investment officer and Partner at Eclectica Fund, told CNBC on Thursday.
Europeans shouldn’t be sitting on the sidelines urging the Americans to come up with solutions. They should be rolling up their sleeves, spitting on their hands and pitching in to help.
Sell-off, close down or take into public ownership. These are the options facing Europe's financials. There is no comprehensive US style package for buying up toxic debt and no prospect so far that one will emerge over the horizon to re-liquefy balance sheets. Is that a good thing?
Talking to the beer producer at Oktoberfest there is definitely angst, as they say in Germany.
It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)
Want to start an altercation at Oktoberfest? Inform the people in your tent that Germany does not lead the world in beer consumption.
The brewing industry has faced tough times of late. Traditionally a defensive sector, brewers are facing stiff competition from wine and spirits.
There are two types of seating at the Oktoberfest tents: reserved and unreserved. My attempt at entering the reserved seating was blocked by security, press pass notwithstanding.
Oktoberfest is in full swing in Munich Monday and there are few signs that the credit crunch and Germany's economic slowdown is impeding the celebrations. But traveling tells a different story.
Oktoberfest fans may be gathering in Germany for a feast to forget the turmoil in world financial markets, but the traditionally defensive beer sector looks unlikely to offer investors a safe haven this time, analysts told CNBC.com.
In tough times, will consumers still love the world's oldest drink? Vote in our poll:
Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.
Hungarian oil company MOL, which recently rebuffed a takeover from OMV, has stolen a march on its Austrian rival to acquire INA of Croatia, where regulators approved MOL's bid on Monday.
European shares were expected to fall on Monday, tracking losses in U.S. and Asian stocks as Dell's warning on corporate technology spending continued to hit tech stocks while investors fretted about the impact of Hurricane Gustav.
European shares are set to open slightly higher on Friday, extending the previous session's sharp gains, after a big upward revision in U.S. second quarter growth, but oil prices rose on supply concerns.
Russian military convoys rolled out of three key positions in Georgia and headed toward Moscow-backed separatist regions on Friday in a significant withdrawal two weeks after thousands of troops roared into the former Soviet republic.
European equities were seen opening slightly lower on Monday, as investors turn cautious following a dip in the U.S. dollar versus the euro and with oil prices rising.