The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.» Read More
Countries like Greece are being "attacked by financial markets" and the European Union should intervene in the stock market to "teach speculators a lesson," according to Nobel Prize winning economist Joseph Stiglitz.
Whether he likes it or not, Jean-Claude Trichet is not just the president of the European Central Bank. Mr. Trichet, 67, is also the de facto president of Europe, at least for the 16 nations that rely on the euro as their common currency.
Amid fears that go-it-alone moves such as President Barack Obama's plan to break up big banks will further hamper the fledging economic recovery, finance ministers and central bankers from the Group of Seven major industrial countries meet.
Portuguese authorities' favorite expression is: Portugal is not Greece. Everybody, from the country's central bank governor to economists in private banks, says this.
Why would you ever want to be President? Everyone who comes to the job does so with some vision and dream and quickly has to learn how to dance the dance if anything is to be done. It's harder now than ever with the accumulated debt we have built up.
Catch me if you've heard this one before. A global crisis emerges from some obscure country, and the VIX surges by some mind-boggling amount.
Case in point, it seems the IMF is the only body that may have the legal capability to assist these countries in their time of need. This reminds me of something, what is it?
American billionaire and president of Kynikos Associates, James Chanos joined the "Squawk Box" team, offering his perspectives on Cisco, China and Greece.
Spain's presidency has as its bedrock the '2020 Strategy' plan. A plan to create jobs and to make Europe a 'smarter, greener social market'. But Spain itself has the worst jobs picture anywhere in the EU27.
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
It seems like such a small and picturesque nation. Why are the financial concerns of Greece on every investor's lips?
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
Euro zone member states must meet their commitments on budget stability and cannot be bailed out by the euro zone, French Finance Minister Christine Lagarde told CNBC in Davos on Friday.
Officials in Davos should try to reach a global consensus about the need for a new regulatory regime for banks, Nobel Prize laureate Joseph Stiglitz told CNBC Friday.
Take Davos, add banking and a few drinks after the sessions are over and the banker outrage bubbles up.
Surely even the most hard-line of EU leaders are not blind to the fact that if Greece goes over the cliff then there will be other targets for the markets. Targets such as Portugal, Ireland, Spain and non-euro zone countries like the U.K.
Greece's Prime Minister George Papandreou told CNBC Thursday that his country has to make substantial changes to recover from its devastating financial problems.
China is here in Davos—big time. It’s here in numbers, here as a topic for hallway chatter and here as an issue at every major plenary session.
There are huge debt problems brewing in Europe, and Greece, in particular, may have to overreact to defend itself, says Harvard professor Kenneth Rogoff.
The world debt overhang is threatening the world recovery, because markets will realize at some point how risky it is and the yields on bonds will increase, Niall Ferguson, professor of history at Harvard University, told CNBC Thursday.