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  • Could 'Rip-Off Britain' Really Print More Money? Thursday, 23 Jun 2011 | 2:39 AM ET
    Big Ben

    Minutes from the last meeting of the BoE’s monetary policy committee showed that despite two members wanting to hike rates, others are considering another round of quantitative easing.

  • Is the Euro Set for a Big Summer Selloff? Thursday, 23 Jun 2011 | 1:19 AM ET

    With persistent uncertainty over the  Greek government's policies and over the EU's ability to agree on a solution, the euro should be on shaky ground, according to some analysts.

  • Greek PM Wins Crucial Vote, But Outlook Remains Dire Tuesday, 21 Jun 2011 | 5:51 PM ET
    Greek riot police officers arrest a protester during a general strike against government austerity plans.

    Greece's parliament gave Prime Minister Papandreou a midnight vote of confidence, but the move doesn't mean Greece will ultimately go along with the austerity plan, or even avoid default.

  • Greek PM Expected to Win Confidence Vote in Parliament Tuesday, 21 Jun 2011 | 3:52 PM ET
    A protester kicks a riot police officer during a general strike against government austerity plans, in Athens.

    Greece's parliament is expected to give Prime Minister George Papandreou a midnight vote of confidence, but the move doesn't mean Greece will ultimately go along with the austerity plan, or even avoid default.

  • Protestors are seen on the Syntagma square during a protest against plans for new austerity measures.

    Greece’s parliament square, Syntagma square, has been the center stage for protests against the country’s harsh austerity measures since spring 2010, when the first EU/IMF bailout package was signed.

  • Why Delaying Greek Default Could Stop Contagion Tuesday, 21 Jun 2011 | 11:32 AM ET
    Greek riot police officers arrest a protester during a general strike against government austerity plans.

    With markets and political analysts beginning to say that a Greek default is unavoidable, continuing to delay the inevitable may be the best bet to avoid contagion into other Southern European countries, according to some market observers.

  • Trump's Scottish Golf Resort May Be Delayed by Crisis Tuesday, 21 Jun 2011 | 4:13 AM ET
    Donald Trump

    Donald Trump’s controversial plans for a golf course worth 750 million pounds ($1.2 billion) in Scotland may be held up by the financial crisis, according to his latest statements reported by the British media.

  • A critical midnight vote in Athens will keep markets tuned to the latest act in Greece's financial drama Tuesday.

  • UK Blocks UPS Sites Over Security Friday, 17 Jun 2011 | 10:43 AM ET
    UPS

    Shipping company UPS has been barred from moving air cargo through some U.K. facilities because of security deficiencies, the British government said Friday.

  • Millions in UK Public Sector to Work Longer for Less Friday, 17 Jun 2011 | 5:34 AM ET
    A mass march in protest at government cuts sets off from Embankment on March 26, 2011 in London, England.

    The British government will confirm proposals to raise the retirement age of up to six million public sector workers by six years on Friday from 60 to 66.

  • Worries Grow About Breadth of Debt Crisis Friday, 17 Jun 2011 | 5:13 AM ET
    Euro coin in front of the giant symbol of the Euro outside the headquarters of the European Central Bank.

    For now, at least, investors seem to believe that the United States has enough shock absorbers to comfortably withstand a default by Greece, the New York Times reports.

  • Greek Contagion Spreads Through Euro?     Thursday, 16 Jun 2011 | 12:00 PM ET

    Sean Egan, Egan-Jones Ratings Company president, says the massive debt burden in Greece could bring down other European banks and choke Euro economy.

  • Investors Bet on Prospect of 'Greek Accident' Thursday, 16 Jun 2011 | 12:13 AM ET

    A new bet has been placed on the the Greek debt crisis. It backs a growing view among investors that Athens may be about to suffer a messy default that could spark a run on the country’s banks and a deeper eurozone crisis, the FT reported.

  • Thursday Look Ahead: Greece Could Keep Markets on Edge Wednesday, 15 Jun 2011 | 8:39 PM ET

    The Greek debt crisis fanned a broad sell off Wednesday and it will no doubt keep markets on edge Thursday.

  • Why Greece Is Not the Next Lehman Wednesday, 15 Jun 2011 | 11:59 AM ET
    Protestors are seen on the Syntagma square during a protest against plans for new austerity measures.

    As Europe struggles to find a fix for Greece—and Greek citizens take to the streets—traders worry that a Greek default might be like the failure of Lehman or worse. Are they right?

  • UK Regulator Warns 260 Firms of 'Widespread Failings' Wednesday, 15 Jun 2011 | 5:59 AM ET
    Tower Bridge and City of London financial district

    The UK Financial Services Authority has written to 260 wealth managers to warn them that it has identified "significant, widespread failings" within the industry's approach to managing client risk, as it opens regulatory action against 14 firms.

  • Bank Chiefs' Average Pay Rises by 36 Percent Wednesday, 15 Jun 2011 | 1:03 AM ET

    Bank chiefs’ average pay in the US and Europe leapt 36 percent last year to $9.7 million, according to data compiled for the Financial Times, despite variable performance across the sector.

  • UK's Osborne to Endorse Bank Ring-Fence Proposals Wednesday, 15 Jun 2011 | 12:25 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    British finance minister George Osborne will use a major speech on Wednesday to throw his weight behind recommendations that banks' retail arms should be ring-fenced from their investment banking operations.

  • KKR Looks at Post-Nuclear Future Tuesday, 14 Jun 2011 | 1:47 AM ET

    The end of Europe's love affair with nuclear energy provides fertile ground for the development of other renewable sources of power, according to the head of European infrastructure at private equity house Kohlberg Kravis Roberts (KKR), which has just completed a major deal in the sector.

  • In Greece, Some See a New Lehman Monday, 13 Jun 2011 | 11:02 AM ET
    The former Greek Prime Minister, George Papandreou

    Bond traders and officials at the European Central Bank have been unified in their warnings that a restructuring of Greece’s debt would set off an investor panic similar to the one that followed the bankruptcy of Lehman Brothers, the New York Times reports.