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Eastern Europe

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  • For Europe, Few Options in a Vicious Cycle of Debt Thursday, 12 Jan 2012 | 4:33 AM ET

    As difficult as the last two years have been for Europe, 2012 could be even tougher. Each week, countries will need to sell billions of dollars of bonds — a staggering $1 trillion in total — to replace existing debt and cover their current budget deficits, the New York Times reports.

  • Hungary Backs Down but EU Still Unhappy Wednesday, 11 Jan 2012 | 9:00 AM ET

    As talks between Hungary and its international creditors heat up, sharp European Union criticism of the country's lack of progress in tackling its high budget deficit added to pressure on Hungarian negotiators, who already seemed to be softening their tough stance.

  • Is Now a Good Time to Invest in Hungary? Monday, 9 Jan 2012 | 8:43 AM ET

    A Hungarian delegation prepares to resume talks with the International Monetary Fund this week, hoping to secure a credit lifeline while investors continue to push up the country’s borrowing costs.

  • Leaders in Europe Warn Against Extreme Populism Monday, 9 Jan 2012 | 7:32 AM ET
    Budapest, Hungary

    Hungary's economy is approaching "meltdown," analysts warn, adding another financial crisis within Europe and raising concerns about more extreme populist moods gaining ground. The Christian Science Monitor reports.

  • Hungary 'a Good Investment'?     Monday, 9 Jan 2012 | 2:10 AM ET

    There is a lot of negativity priced into Hungary, whereas Poland is considered the "darling" of Central and Eastern Europe, Bartosz Pawlowski Emerging Market Strategist at Barclays Wealth Management, said. "Before the month ends we're going to have more clarity and it's going to be a good investment," he said.

  • Hungary

    Fitch became the third ratings agency to downgrade Hungary's debt to "junk" status on Friday, invoking further deterioration in the country's fiscal and external financing and growth outlook and the government's "unorthodox" economic policies.

  • Russia's Putin Dreams of Soviet Union-Lite Tuesday, 3 Jan 2012 | 6:29 AM ET
    Vladamir Putin

    Russian Prime Minister Vladimir Putin has a vision for a Soviet Union-lite he hopes will become a new Moscow-led global powerhouse. But, his planned Eurasian Union won't be grounded in ideology: This time it's about trade.

  • In Europe, Juggling Image and Capital Friday, 23 Dec 2011 | 5:30 AM ET
    European Central Bank

    Stung by souring loans and troubled government bond portfolios, many European banks are being forced by regulators to raise money to build up their cash cushions against future losses.

  • Europe Is Still a 'Cash Cow': Heineken CEO     Thursday, 15 Dec 2011 | 4:00 PM ET

    Jean-Francois van Boxmeer, Chairman & CEO of Heineken, says the company is still generating solid profits from its Europe business despite the economic turbulence.

  • Top Earners Not So Lofty in the Days of Recession Tuesday, 13 Dec 2011 | 5:14 AM ET
    Manhattan skyline

    Hold the condolence cards, but the recession cost the rich. The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. The New York Times reports.

  • Investors, Stay Away From Russia for Now: Analysts Tuesday, 13 Dec 2011 | 2:14 AM ET
    Vladimir Putin

    Russian stocks and the rouble held above their two-week lows, but analysts said that, at least until Dec. 24, investors would be better off staying away from Russia.

  • Latvia's Biggest Bank Fights Off Deposit Run Monday, 12 Dec 2011 | 5:14 AM ET

    Latvia's largest bank is scrambling to contain a run among depositors gripped by fears of the bank's imminent collapse.

  • In Euro Era, Opening Bell Is a 2:30 A.M. Alarm Sunday, 11 Dec 2011 | 5:10 PM ET

    As the European debt crisis roils the markets, American traders who once awoke at dawn are now rising in the dead of night to gain an edge when business begins in London, Paris and Frankfurt, the New York Times reports.

  • Euro Crisis Pits Germany and US in Tactical Fight Sunday, 11 Dec 2011 | 10:10 AM ET
    German Chancellor Angela Merkel and US President Barack Obama talk ahead of the start of the G20 Summit of Heads of State and Government on November 3, 2011 in Cannes, France.

    The latest response to the euro crisis sparks a debate  over  how far governments must bend to the power of markets, The New York Times reports.

  • Euro Zone Agrees to Follow the Original Rules Saturday, 10 Dec 2011 | 10:43 AM ET
    Angela Merkel and Nicolas Sarkozy

    In the fiscal accord, the nations that use the euro essentially agreed to go back to Plan A — that is, the principles and rules with which they created their common currency two decades ago.

  • Financials Lead Friday Rally     Friday, 9 Dec 2011 | 2:03 PM ET

    There was a little progress to celebrate in Europe but that doesn't mean the end of volatility, says Hank Smith, chief investment officer, Haverford Investments. With Clem Chambers, CEO of ADVFN.

  • Hotel Video in Strauss-Kahn Case Resolves Little Friday, 9 Dec 2011 | 9:54 AM ET
    IMF head Dominique Strauss-Kahn

    The surveillance images show Dominique Strauss-Kahn striding from an elevator at the Sofitel New York and also captured on tape, some curious images: two hotel workers appear to share a brief celebratory embrace and dance, the New York Times reports.

  • Putin Says Clinton Incited Protests Over Russian Vote Thursday, 8 Dec 2011 | 10:57 AM ET
    Vladimir Putin

    Prime Minister Vladimir V. Putin on Thursday accused Secretary of State Hillary Rodham Clinton of instigating protests over the results of Russia’s parliamentary elections by baselessly criticizing the vote as “dishonest and unfair” and he warned that Russia needed to protect against “interference” by foreign governments in its internal affairs.

  • Vladamir Putin

    Russian voters streamed to the polls on Sunday in a parliamentary election that has shaped up as a referendum on the governing party and Prime Minister Vladimir V. Putin as he prepares to return to the presidency next year, reports the New York Times.

  • Europe's Leaders and Fate of Euro Face Pivotal Week Sunday, 4 Dec 2011 | 11:04 AM ET
    European Central Bank

    Europe's sovereign-debt crisis, which has dragged on for more than two years, is entering a pivotal week, as leaders across the continent converge to prevent a collapse of the euro and a financial panic from spreading.