As Western economies come to terms with low growth and an inability to afford their social commitments, nationalist and isolationist movements will come to the forefront, HSBC's Stephen King told CNBC.
As U.K. Prime Minister David Cameron heads to Brussels this week to discuss EU tax policies, he knows there are far more taxing questions at home regarding whether his party want to remain within the Union.
Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy.
Italy's 87-year-old President will face the greatest test of his career as he tries to end the standoff preventing a new government being formed more than a month after elections.
Giorgio Napolitano on Saturday ruled out standing down to make way for new parliamentary elections after the failure of attempts to form a government this week, saying he would stay in place until the very end of his mandate in May.
Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.
Francois Hollande declared that companies would have to pay a 75 percent tax on salaries over a million euros after his plan for a "super-tax" on individuals was knocked down.
Europe has long been far too tolerant of moral hazard in its banking system. But with the Cyprus plan, the pendulum may now be swinging too far in the opposite direction. The Financial Times reports.
Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island's banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy.
D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
As fears grow that the Cyprus crisis could spread to other parts of the euro zone, renowned investor Mark Mobius says that a default is the only way to solve the single-currency bloc's problems.
Italian Economy Minister Vittorio Grilli said on Thursday he had no knowledge of any imminent decision by Moody's to cut Italy's sovereign debt rating.
As gold ETFs celebrate their tenth birthday this month, investors are heading for the exit doors as speculation about an end to the Federal Reserve's loose monetary policy curb the precious metal's rally.
While media coverage of cyber threats has been widespread in the U.S., hacking has hardly made headlines in Europe.
Experts say this is mainly due to a difference in reporting rules.
Uncertainties surrounding the Cyprus bailout are set to continue for some time, but one way to play the fallout is to buy the Australian dollar, one analyst told CNBC.
Cyprus's plan to impose capital controls threatens to test the ties that bind Europe's monetary union and could see euros on the Mediterranean island valued differently to those in the rest of the bloc.
After months of calm in global markets, concerns about the future of the euro zone are back with a vengeance as fears grow that the turmoil in Cyprus could spread to other parts of the region.