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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.
As Irish and European officials engaged in tense talks over the terms of a multibillion dollar rescue package, Ireland’s Prime Minister Brian Cowen sais its low corporate tax rate and four-year budget plan, the New York Times reports.
Traders expect a short and sweet Thanksgiving week, where investors will be reluctant to make new bets and markets could actually trade quietly.
Back on the world stage for crucial talks, President Barack Obama on Friday quickly found European leaders more willing to question a president weakened at home and rebuffed abroad.
CNBC's Anna Edwards discusses how Ireland can learn a few lessons from Latvia. Eastern Europe throws up some fascinating examples that Dublin might like to study as Ireland battles to keep its fiscal independence, she says.
"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.
Investors should buy Irish sovereign debt as an expected European Union bailout will boost prices, Bob McKee, chief economist at Independent Strategy, told CNBC Thursday.
The Irish banking crisis illustrates the euro makes little sense, because the EU lacks taxing, spending and regulatory authority critical to managing a modern economy.
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.
As I head over to the Cato Institute's Monetary Conference, European stocks are rebounding on news that the European Union and International Monetary Fund could soon announce an aid package for Ireland.
European shares looked set to open higher Thursday, tracking gains in Asia and on optimism that the situation in Ireland will be resolved.
Stocks ended mixed after trading in a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors, ahead of General Motors highly anticipated initial public offering. Home Depot fell, while McDonald's rose.
Stocks turned negative after trading within a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors. Home Depot fell, while Merck rose.
The British government signaled Wednesday that it could offer direct financial assistance to Ireland, even though Britain is outside the euro zone, as prospects grew for an international rescue package to avert another European debt crisis. The NYT reports.
Stocks were slightly higher but trading in a narrow band after a batch of economic data confirmed slow growth in the U.S. economy and as traders awaited more clarity concerning a potential bailout of Ireland's banks. Merck rose, while Home Depot fell.
Clearing house LCH Clearnet doubled its margin requirement for Irish government bonds Wednesday, reacting to fears over uncertainty regarding the country's debt issues, which pushed yields on Irish debt higher.