Francisco Torralba, senior economist at Morningstar Investment Management, outlines two reasons why the Greek crisis seems to be having a limited impact on global markets.» Read More
It’s all getting a bit Elizabeth Taylor and Richard Burton in the euro zone recently. The European Union seems to think that if it’s worth doing in the first place, its worth fighting for
French economic growth ground to a halt in the second quarter of 2011, raising pressure on President Nicolas Sarkozy to cut spending and abolish tax breaks ahead of elections as he tries to convince nervous financial markets that he will deliver on debt reduction targets.
A 15-day short selling ban , which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.
August is traditionally a time for financial market crises. The current one isn’t because of the usual “thin markets, long hot summer days, everyone on holiday” scenario though, this time investors have real, concrete issues to worry about, writes Moorad Choudhry,Head of Business Treasury, Global Banking & Markets at the Royal Bank of Scotland.
French minister says broader GDP and deficit-cut targets remain, with CNBC's Ross Westgate.
High labor taxes and low visibility on economic growth and business climate are just some of the reasons that are keeping Italian businesses from offering jobs, especially long term contracts.
PIIGS is a not too favorable term used by bond analysts, academics, and the press, to refer to certain countries of Europe. CNBC explains.
Amid fears that Europe will not be able to save itself from its debt crisis, U.S. stocks have tumbled. It’s a sharp reminder that in a global market, we’re all in this together.
Italy has one of the highest savings rates in the OECD and holds considerable household wealth. In fact, the country's household wealth is five times as high as the country's gross domestic product (GDP). None of this appears to add up with the country's miserable public finances.
Nicolas Sarkozy, the French president, has given his finance and budget ministers one week to come up with new measures to cut France's crippling debt burden as concerns mount over prospects for growth and the country's ability to meet its deficit reduction targets. reported the FT.
Many of us unconsciously believe that Gordon Gekko revealed the secrets of the universe to Bud Fox when he told him how finance guys run the world: "We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it.'"
The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.
Great Britain and other parts of the world are experiencing unrest at a time of global economic uncertainty and stock market volatility. Here's a look at what's happened recently around the world.
You could get motion sickness watching the U.S. markets these days. But the real sick man is Europe.
The European Central Bank's bailout, estimated to be about 2 billion euros in Italian and Spanish debt, will cost France and maybe even Germany their triple-A ratings, Kyle Bass, managing partner of Hayman Capital, told CNBC Monday.
Germany is showing more commitment to the resolution of the euro zone debt crisis, and is likely to expect even greater influence on the fiscal discipline of its neighbors in return, analysts told CNBC.
Following a dramatic end to the trading week that saw Italy pledge to speed up its austerity measures, the European Central Bank decided this weekend it had to act.
The crisis threatening to envelop Spain and Italy is moving faster than euro zone policy makers can keep up with, William Rhodes, senior advisor at Citigroup, told CNBC Monday.
“So what Europe needs to do is to make sure that there's an unequivocal financial backstop, so there is no doubt in anyone's mind that those countries across Europe have the ability and the will to meet their obligations," the US Treasury secretary told CNBC.
The "Mad Money" host reveals his "Game Plan" for the days to come.