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Eastern Europe

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  • Spain Downgrade Is Proof Austerity Not Working Friday, 4 May 2012 | 3:27 AM ET
    Spain

    Ratings agency Standard & Poor's downgrade of Spain's credit rating Thursday for the second time this year highlights the fact that austerity alone is not enough to tackle the euro zone debt problem. Experts tell CNBC that European leaders need to focus on growth now.

  • A counterfeit 100-euro-banknote.

    In Italy, the art of counterfeiting money — like winemaking, pottery, fabrics, and other fine arts for which Italy is justly famous — is often passed from father to son.

  • Ford

    As Ford posted better than expected first quarter earnings (39 cents a share vs. 35 cent estimate) the automaker finds itself working in two worlds.

  • New York Stock Exchange Traders

    While developed and emerging market stocks have been locked in a neck to neck race so far this year, strategists tell CNBC developed market equities are likely to outperform their Asian peers in 2012.

  • Wen Jiabao

    As Prime Minister Wen Jiabao of China tours Europe this week, it is no accident that Germany occupies a special place on his itinerary. The New York Times reports.

  • Hungary Positive on Central Bank Talks: Minister Wednesday, 18 Apr 2012 | 12:24 PM ET
    Budapest, Hungary

    The Hungarian government is confident that sufficient progress has been made in its negotiations with the International Monetary Fund (IMF) and the European Commission over its controversial central bank law, and it believes talks can resume on a hoped-for economic development aid package for the country, the Hungarian Economy Minister told CNBC on Wednesday.

  • To Keep Start-Ups at Home, France Invests in Them Friday, 13 Apr 2012 | 3:25 AM ET

    The French government likes social media — so much so that the country’s sovereign wealth fund has invested 10 million euros in an online network. The NYT reports.

  • Directors often dole out personal safety perks to ease a chief executive’s tax bill. By classifying the benefits as security measures, the executives typically get a better tax treatment on the services.  It’s a common corporate tax trick. The New York Times reports.

  • What to Watch for in Eastern Europe Tuesday, 10 Apr 2012 | 1:45 AM ET
    Istanbul's Arasta Bazaar

    South-Eastern Europe could throw up some surprises to the downside, Peter Attard Montalto, emerging market economist at Nomura, told CNBC on Thursday.

  • When Lehman Brothers collapsed at the height of the financial crisis, JPMorgan Chase was at the center of the storm. The bank was a major lender to the firm, which filed the biggest bankruptcy in United States history. The NYT reports.

  • Romney’s Day to Relish Is Marred by Aide’s Gaffe Thursday, 22 Mar 2012 | 4:57 AM ET
    Mitt Romney

    Mitt Romney sought to use the coveted endorsement of Jeb Bush on Wednesday to amplify his call for Republicans to rally behind his candidacy and get on with the mission of ousting President Obama. The NYT reports.

  • Banks will face stiff penalties and intense public scrutiny if they fail to live up to the standards of a $25 billion mortgage settlement with state and federal authorities, according to court documents filed as part of the deal Monday in federal court in Washington. The NYT reports.

  • An Architect of a Deal Sees Greece as a Model Wednesday, 7 Mar 2012 | 11:17 AM ET
    European Bank Note

    A lead adviser to Greece on its debt deal,  Mitu Gulati, argues that instead of repeated austerity-based bailouts, other European countries should cut a deal directly with their creditors to reduce their debt loads.

  • Bindi: The Russian Elections - Bad News for the EU Tuesday, 6 Mar 2012 | 11:27 AM ET
    Vladamir Putin

    The Russian Presidential elections have once again revealed the EU’s many contradictions and exposed its dwarf-size political mass.

  • Russia Is Our Biggest Call: Investor     Monday, 5 Mar 2012 | 5:40 AM ET

    Advance Emerging Capital CEO, Slim Feriani, told CNBC why Russia accounts for 13 percent of his firm's emerging market fund.

  • Jochen Wermuth, the founding partner of Wermuth Asset Management, told CNBC investors were pleased with Russia's recent presidential election, as the populace showed new signs of engaging with the democratic process.

  • "I think there is going to be a lot of questions about the fairness of the vote, but it does not look like the Kremlin's giving any ground on that at the moment," Wall Street Journal reporter, Greg White, told CNBC.

  • Swap Talks Over Greece Could Test the Market Wednesday, 29 Feb 2012 | 4:35 AM ET
    Greek Parliament

    The financial system could face a test this week as industry officials debate a provision of the Greek bailout, the New York Times reports.

  • Portugal’s Debt Efforts May Be Warning for Greece Wednesday, 15 Feb 2012 | 7:22 AM ET

    Unlike Greece, Portugal is a debtor nation that has done everything that the European Union and the International Monetary Fund have asked it to, in exchange for the 78 billion euro (about $103 billion) bailout Lisbon received last May. The NYT reports.

  • European Central Bank

    The European Central Bank's rescue of the region's banks by showering them with cheap loans could be creating the conditions for another financial crisis several years from now. The New York Times reports.