Former ECB president Jean-Claude Trichet, outlines euro zone headwinds and European monetary policy, with CNBC's Rick Santelli.» Read More
The world could be heading into another fully fledged credit crisis, according to Satyait Das, the author of Extreme Money: Masters of the Universe and the Cult of Risk.
In any murder mystery film, it pays to watch the boring gray man (or woman) in the corner; quiet, unobtrusive characters can be deadly. So, too, in finance. Four years ago, the giant US money market funds seemed some of the dullest actors in the global financial scene. But in 2007, they quietly helped to spark the crisis in the mortgage-backed securities world.
Chris Wheeler, bank analyst at Mediobanca joined CNBC to discuss the latest news on the European markets and what would happen if the Greek bailout fails.
While markets are hyper-focused on the Friday speech at Jackson Hole by Fed Chairman Ben Bernanke, they are overlooking what could be an equally important Saturday appearance by IMF Managing Director Christine Lagarde.
On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
"I think the German PMI announcement will have an impact on spread widening, because investors will see it as an indication that the world is slowing, Germany is slowing, and in general, risk is increasing," Adrian Schmidt, FX strategist at Lloyds Bank Corporate Markets, told CNBC.
European leaders are being pushed into closer fiscal union sooner than they had anticipated by volatile markets concerned over a dearth of ideas on how to solve the sovereign debt crisis in the euro zone, analysts and investors told CNBC.
European leaders are scurrying from one crisis to the next, and it doesn't bode well for the euro, this strategist says.
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.
There's a currency worry behind all the selling of Italian and Spanish bonds, this economist says.
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.
By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.
The Swiss franc and yen are flying high as investors bail out of riskier currencies — it's time for your Tuesday FX Fix.
The ECB today swept in - buying Italian and Spanish bonds - pushing yields convincingly below 6%, with Charles Dallara, Institute for Int'l Finance.
Now that Standard & Poor's has done the unthinkable, you need to know who might take the next ratings hit. Here's the list, and how to trade it.
Discussing the choppy day in European markets despite intervention from the ECB, with Peter Westaway, Nomura chief European economist, and CNBC's Michelle Caruso-Cabrera.
One of the first things investors learn after “buy low and sell high” is that markets hate uncertainty.
CNBC's Jim Cramer says ECB's president may be a "moron and a buffoon," and is not demonstrating leadership.
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.