Gold edged up from Thursday's 2 1/2-week low, supported by a softer dollar and uncertainty over Greece's debt talks.» Read More
European stock index futures pointed to a lower open on Tuesday, as investors were rattled by mounting tensions in the Korean peninsula.
The biggest bailout the European Union will have to do if it comes to it will be Spain and it is worrying that there is not a set mechanism on how to go about it, Cornelia Meyer, CEO & Chairman, MRL Corporation, told CNBC Monday.
European shares looked set to open sharply higher Monday as a deal to bail out Ireland from its debt problems was reached at the weekend.
"We have too much private debt in the case of Ireland," according to Nouriel Roubini.
As Dublin moves toward accepting a European Union bailout, the attention is shifting towards Portugal as possibly the next victim of Europe's debt crisis.
Greece needs to go through a period of deflation to return to competitiveness and ensure sustainable growth, John Sfakianakis, group chief economist at Banque Saudi Fransi, told CNBC Friday.
When European Union (EU) leaders provided a bailout for Greece last May, they no doubt “did the right thing.” But in the process, they not only broke the spirit of the EU Treaty, but also set themselves up for the future challenge of reining in moral hazard.
The Federal Reserve's easing programs are only one part of a three-pronged approach needed to rebuild the economy, Pimco's Mohamed El-Erian told CNBC.
Worries about Europe sovereign debt are ‘overblown,’ Klaus Kleinfeld, the CEO and chairman of Alcoa told CNBC Tuesday.
Is the real threat of the European debt crisis being underreported in the US?
The euro is likely to lose some of its strength over the short term, but if Ireland asks for bailout funding and establishes a clear mechanism of how it will work, some nerves in the markets will be settled, Richard Yetsenga, global head of emerging-markets currency strategy at HSBC told CNBC Monday.
President Barack Obama will have to work together with the Republicans to ensure the US economy grows so that the country can avoid a Greece-like scenario, Rep. Paul Ryan, Budget Committee Ranking Member, told CNBC Monday.
Greece expects the budget deficit in 2010 will be larger than initially targeted after the EU's statistics agency said Monday the country's debt last year was actually much higher than projected.
The European Central Bank’s reluctance to consider further monetary easing exacerbates the problems the euro zone is currently facing, economist Nouriel Roubini told CNBC Thursday.
Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.
The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.
When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.
If the US government doesn’t act soon to reduce the deficit and debt, it will become like Greece in a few years, Sen. Judd Gregg, (R-N.H.), told CNBC Wednesday.
Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.
Europe’s financial crisis this year has created buying opportunities for cash-rich investors, including secretive hedge funds and Qatar, the natural gas giant of the Persian Gulf that recently agreed to invest $5 billion in Greece. But China is leading the charge. NYT reports.