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Eastern Europe

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  • 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.

  • The International Monetary Fund (IMF) headquarters building is seen in Washington, DC.

    The International Monetary Fund may be asked to assist further as leaders of the 17 European Union nations that use the euro prepare for a summit next week, reports the New York Times.

  • Common Sense Will Prevail, Euro Will Survive: Minister Thursday, 1 Dec 2011 | 8:32 AM ET
    European Central Bank

    Bulgaria still wants to join the euro zone despite recent predictions that the single currency will collapse, but does not agree with a single tax rate in the currency area, Traicho Traikov, minister of economy for Bulgaria, told CNBC on Thursday.

  • Banks Act, Stocks Surge and Skeptics See a Pattern Thursday, 1 Dec 2011 | 7:41 AM ET
    Traders work on the floor of the London Metal Exchange in London, U.K., on Friday, Aug. 5, 2011. Stocks dropped for an eighth day, the longest losing streak since January 2010, and commodities declined on concern the U.S. recovery is faltering. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

    A move announced by central bankers on Wednesday to contain the European debt crisis resulted in euphoria in global stock markets, but it also prompted skeptics to wonder: will this time be different? The New York Times reports.

  • Ratings Firm Misread Signs of Greek Woes Wednesday, 30 Nov 2011 | 4:31 AM ET

    In a stern pronouncement, Moody’s Investors Service this week warned of rising prospects for multiple defaults by countries in the euro zone and credit rating downgrades of nations across Europe if leaders should fail to resolve the spreading debt crisis.  The NYT reports.

  • MF Global Money Found in Britain? Tuesday, 29 Nov 2011 | 7:01 AM ET
    MF Global

    About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The New York Times reports.

  • Hungary Says Moody's Downgrade Is 'Financial Attack' Friday, 25 Nov 2011 | 2:25 AM ET
    Budapest, Hungary

    Hungary's economy ministry says a downgrade to junk status of the country's credit rating by Moody's has no real basis and is part of a series of "financial attacks" against the country.

  • Words of a Euro Doomsayer Have New Resonance Friday, 18 Nov 2011 | 12:01 PM ET
    Euros & Downward Graph

    As the European debt crisis threatens to engulf even France along with Italy and Spain, Bernard Connolly's longstanding proposition that a common currency for the region would end in ruin is getting a wider hearing.

  • Euro Slips, Eastern European Currencies Feel Its Pain Wednesday, 16 Nov 2011 | 9:19 AM ET

    Bank of England goes downbeat, and Eastern European currencies get punished - it's time for your FX Fix.

  • Support for Democracy Declines in Eastern Europe Tuesday, 15 Nov 2011 | 12:24 AM ET

    Support for democracy and free markets has fallen in Central and Eastern Europe as a result of the severe crisis the new European Union members went through, a report by the European Bank for Reconstruction and Development (EBRD) showed on Tuesday.

  • Bank in Greece

    As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what they saw as a safe refuge: bonds issued by countries in Europe’s seemingly ironclad monetary union. The NYT reports.

  • Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.

  • The Other European Currencies Headed South: Strategist Thursday, 10 Nov 2011 | 3:17 PM ET

    The euro zone's problems are spilling over to its eastern neighbors, this strategist says.

  • In Corzine Comeback, Big Risks and Steep Falls Wednesday, 2 Nov 2011 | 5:18 AM ET
    An Indian stock broker looks worried as he watches the screen in Mumbai, India.

    When Jon S. Corzine joined MF Global last year it seemed like a strange choice — the firm had none of the glamour, let alone the profits or footprint of Goldman Sachs, the bank he ran during the 1990s.

  • World Heading for Jobs Recession, Unrest: ILO Monday, 31 Oct 2011 | 7:30 AM ET
    Job Losses

    The world economy is on the verge of a new and deeper jobs recession that will delay the global recovery further and may spark social unrest in "scores of countries," the International Labor Organization said on Monday.