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Greece

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  • 'We're Greece' in a Few Years: Sen. Gregg Wednesday, 3 Nov 2010 | 9:32 AM ET
    Your Money Your Vote - A CNBC Special Report

    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.

  • Mortgage

    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.

  • Looking for Investments, China Turns to Europe Tuesday, 2 Nov 2010 | 10:51 AM ET
    China's Premier Wen Jiabao and Greek Prime Minister George Papandreou.

    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.

  • The Era of High Growth Is Over: Derivatives Expert Tuesday, 2 Nov 2010 | 9:54 AM ET
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    The times when developed economies grew at high rates are behind us and the next crisis will hit when people realize this, Satyajit Das, author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives told CNBC Tuesday.

  • Tax Shortfalls Spur New Fear on Europe’s Recovery Thursday, 28 Oct 2010 | 10:06 AM ET
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    Some EU countries face the prospect of missing the budget deficit targets forced upon them this year by impatient bond investors, as tax revenue missed projections. The New York Times reports.

  • Nouriel Roubini

    The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.

  • Pros Weigh in on Severe UK Spending Cuts Thursday, 21 Oct 2010 | 8:35 AM ET

    The UK government unveiled a severe five-year austerity plan this week, which included sharp cuts to public sector jobs and benefits. The plan, though widely expected, divided opinion with some commentators claiming it put the country's recovery at risk.

  • As Dollar’s Value Falls, Currency Conflicts Rise Thursday, 21 Oct 2010 | 6:19 AM ET
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    Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies, reports the New York Times.

  • Commentary: The ECB's Dangerous Game Monday, 18 Oct 2010 | 3:41 AM ET

    Despite the euro zone's recovery still looking very fragile, the central bank's key playmakers seem determined to talk about pushing policy back onto a more "normal" footing.

  • Greece

    As the government of Prime Minster George Papandreou struggles to get the nation’s financial house in order — reducing the size of its bloated civil service, chasing after tax evaders and overhauling its pension system — it has also begun to tackle a much less talked about problem: the cozy system of “closed professions” that has existed here for decades, costing the economy billions of dollars a year.

  • Greek Riot Police, Workers Clash at Acropolis Thursday, 14 Oct 2010 | 4:12 AM ET
    Acropolis.jpg

    Riot police clashed with protesting workers barricading the ancient Acropolis on Thursday, using tear gas to clear the demonstrators from the entrance to Greece's most famous ancient site.

  • Greek Bond Market Star Performer in Euro Zone Wednesday, 13 Oct 2010 | 5:58 AM ET
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    A combination of better data than expected, China’s pledge to buy the country’s bonds and hopes that international bail-out loans will be extended have boosted investor sentiment. The Financial Times reports.

  • How Washington Pushed Europe to Save the Euro Monday, 11 Oct 2010 | 4:57 AM ET
    Dollar and Euro

    This year’s rescue plans for Greece and the euro zone were driven partly by rising US anxiety about the risks to global financial stability stemming from Europe’s slowness to take action. The FT reports.

  • 'Animal Instincts' Dominate Euro Zone Bond Market Monday, 11 Oct 2010 | 3:54 AM ET
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    Investors in euro zone bond markets stand accused of letting “animal spirits” affect their judgment on the risk of a European debt default. The FT reports.

  • Cost of EU Rises, Even as Countries Make Cuts Friday, 8 Oct 2010 | 4:52 AM ET
    People demonstrate to say ''no to austerity'', in Brussels. Police threw a ring of steel around EU headquarters as tens of thousands in a sea of banners from across Europe took to the streets in a worker backlash against painful spending cuts. The protest, the biggest such march since 2001 when 80,000 people invaded the Belgian capital, was timed to coincide with an EU plan to fine governments running up deficits.

    Despite mounting public protests across the Continent, an austerity drive unparalleled in modern, united Europe is building, reports the New York Times.

  • greece_flag_200.jpg

    With Greece hitting its marks on the financial bailout earlier this year, it is now taking steps to streamline business and investment processes to promote growth, the country’s finance minister, George Papaconstantinou, told CNBC Thursday.

  • Timothy Geithner

    Tim Geithner Still Doesn’t Understand Capital Requirements Last week Alan Blinder pointed out that despite all the hoopla about higher capital requirements coming out of the Basel negotiations, when the final requirements kick in in 2018, banks will only be required to have a Tier 1 leverage ratio of 33:1.

  • Euro Has no Emotional Appeal: Ex-ECB Official Friday, 1 Oct 2010 | 11:38 AM ET
    Reichstag Parliment building, Berlin, Germany

    Europe faces an important challenge in creating greater awareness of the importance of a stable currency, but to achieve that goal, its citizens will need to grow more attached to the euro, Otmar Issing, former European Central Bank chief economist, told CNBC.

  • Greeks Rush Through Law Giving Tax Amnesties Friday, 1 Oct 2010 | 6:42 AM ET
    Greece

    The parliament pushed through legislation that in effect grants a tax amnesty to millions of citizens, in a move at odds with organizations overseeing the country’s bailout, the FT reports.

  • Amid Austerity, Britain Keeps Welfare for Well-Off Friday, 1 Oct 2010 | 6:19 AM ET
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    Every week without fail Lucy Elkin, a comfortably middle-class mother of two small children, receives a £33.20 child benefit payment, or about $52, from the debt-plagued British government, reports the New York Times.