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Traditional parties that make up Italy's coalition government will become history, Beppe Grillo, the leader of the anti-establishment "Five Star Movement" told CNBC.
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The EU's growth forecasts are proving to be so off the mark, that the real question is whether anyone should even pay attention to them.
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The euro jumped against the dollar after ECB Governing Council Member Ewald Nowotny told CNBC on Friday that the markets over-interpreted Mario Draghi's comments on negative deposit rates.
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European Central Bank board member Erkki Liikanen told CNBC on Friday that he agreed with the bank's decision to cut interest rates by 25 basis points and said there was no split on the governing council regarding the decision.
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The Harvard economists have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful.
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Since the financial crash five years ago, the economic world can clearly be separated into two factions: the "austerians" and the "spendanigans."
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The Independence Party may have won the most votes, but the Progressive Party in Iceland is the real winner of the election.
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Marios Mavrides a member of parliament for Cyprus's ruling party argues that things are very bad for the economy and the broken banking system risks a depression.
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UBS CEO told CNBC Tuesday that the company is reaping the benefits of its radical restructuring, after the company reported a net profit of 988 million Swiss francs, beating expectations of a 510 million Swiss francs profit.
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Now that Fabrizio Saccomanni has "made it" to head the economy ministry, markets may expect him to be the ECB's new man in Rome.
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South Africa is the world's biggest gold producer after China, so you would expect this year's 15.6 percent drop in gold to have a big impact. Not so.
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Spain will take until 2017 to meet the European Commission's budget deficit target of 3 percent of gross domestic product, the country revealed on Friday.
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After China's first quarter growth numbers disappointed markets, two analysts say China is failing to benefit from its brisk credit growth.
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Economists Carmen Reinhart and Kenneth Rogoff revealed they have received "hate-filled" and "threatening" emails since their influential research on austerity was exposed as containing a error last week.
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U.K. GDP grew 0.3 percent in the first quarter of 2013 but analysts warned that the economy will struggle in the months ahead.
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For most of the past year, bond investors have clubbed Italy and Spain together. But the time has come for bond investors to "decouple" Italy from Spain, argues a strategist.
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Earnings season is well and truly underway, but weakness from Europe has spoilt the party on both sides of the Atlantic.
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U.S. regulator Gary Gensler said the world needs an alternative to the scandal-plagued Libor.
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Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup.
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Lower inflation resulting from falling oil prices could allow more expansionary monetary policies in Europe, Credit Suisse says.
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In a growing trend, Dairy Crest, one of Britain's top producers of dairy products, has transferred 20,000 pounds of cheddar cheese to its pension fund.