Successive Slovenian governments have refused to privatize the country's banks, which made disastrous loans to politically connected business interests and now threaten to drag the country center stage in the euro zone debt crisis.
Successive Slovenian governments have refused to privatize the country's banks, which made disastrous loans to politically connected business interests and now threaten to drag the country center stage in the euro zone debt crisis.
Spain's banking bailout last year is now a distant memory. But according to one strategist, Spain's fragile economy now faces the possibility of tipping over into a renewed credit crunch.
Davide Serra, founder and CEO of Algebris Investments, tells CNBC why he doesn't expect Europe to become like Japan, suggesting that the ECB's help is much more conditional than its BoJ counterpart.
France urged Germany on Thursday to grant it more time to hit its public deficit-cutting target, but denied it was turning into the new "sick man of Europe" even as data pointed to a deepening French downturn.
Niall Ferguson, Professor at Harvard University says a regime change in policy has happened in Japan. He says the BoJ and other central banks' measures are actually backward looking, applying 1930s Keynesianism.
The dollar and euro made their largest percentage gains against the yen since late 2008 after the Bank of Japan surprised the markets with an ambitious plan to fight deflation in a radical overhaul of policy.
Global central banks are accelerating mostly ineffective policies because they feel they have no choice but to keep trying, Pimco's Mohamed El-Erian told CNBC.
David Milleker, chief economist at Union Investment, tells CNBC that the ECB have paved the way for a rate cut, but questions whether it would actually have the positive effect they desire.
David Owen, chief European economist at Jefferies International, tells CNBC that Mario Draghi and the ECB must now start trying to "engineer a recovery" in the vein of Bernanke and Kuroda.
Mario Draghi, president of the ECB, explains why Cyprus is not a template for the rest of the euro zone and says he's "sure" Jeroen Dijsselbloem was misunderstood.
James Round, vice president of the LBBW Landesbank Baden, believes Draghi will focus on getting funds to small and medium enterprises by easing up on collateral requirements, or through launching a purchasing scheme.
CNBC's Jackie DeAngelis reports the ECB will leave interest rates at current levels; Best Buy is discounting Apple's iPad 3 by 30 percent; and Carnival's ship, Triumph had to be towed to port after breaking loose from a dock.