Greece's debt drama is getting more dire, but some are shrugging off a potential default as little more than a hiccup in the European market rally.» Read More
The euro is a very credible currency that has kept its value from its debut and has guaranteed price stability, he said. "A currency that guarantees such stable prices, it's of value in the eyes of domestic and international investors," Trichet said.
The rebound of Europe's single currency may be jeopardized by reports over the weekend that France and Germany are mulling a two-tier euro zone, ING Bank analysts said Monday.
I’ve been warning about for some time about how doing stress tests are great, but there are at least two more steps that need to be taken for reduction of uncertainty over European banks and countries.
Guess what? The funniest thing happened in Europe on Thursday. A new country joined (yes, joined) the euro zone. And the mood here was upbeat. Estonia will begin using the euro on Jan. 1.
The public outcry over national deficits has spurred international fiscal policy makers in some countries to impose austerity measures unnecessarily, Paul McCulley, managing director at Pimco, told CNBC Wednesday.
The Collins amendment, requiring fixed capital ratios for some banks, to the financial regulations reform bill isn’t needed, the Robert Kelly, the CEO and chairman of Bank of New York Mellon , told CNBC Wednesday.
Some German millionaires and billionaires want to give up 10 percent of their income to help fix the budget mess in Europe. Would such a plan ever work in the United States?
Another solid close for European bourses today, with many markets closing at or near session highs.
The euro is barely intact, and rescuing the banks only worsened the financial crisis, Roger Nightingale, strategist at Pointon York, told CNBC on Tuesday.
Rising regulation and economic austerity could produce a toxic mix in 2011. That was the view of many of the bankers that I spoke to last week at the International Institute of Finance spring meeting in Vienna.
Is it time for Europe to copy America and conduct public, detailed bank "stress tests"? That question is haunting the transatlantic policy debate — and global markets.
Portugal raised about 1.5 billion euros yesterday and Spain 3.9 billion euros today in auctions that were surprisingly oversubscribed.
Contrarian traders are contemplating going long the Euro, which has been the market’s punching bag for the last month and one of the most successful shorts for hedged funds since housing.
Investors looking for clues about the markets cannot help but notice that gold is making another record high and that stocks are continuing to struggle.
“The current problems will be with us for 5 years or more and uncertainty is very high," Anthony Fry, senior managing director at Evercore Partners, told CNBC Monday.
Engaging in what I perceive as their only avenue to grow, Germany’s Finance Minister Schaueble and France’s PM Sarkozy made statements intimating that the weak Euro is not an issue for the country’s in the European Monetary Union.
Austerity measures imposed by the euro zone will likely push the euro back towards $1.50 or even $1.60 but the European currency is unlikely to achieve the status of reserve currency, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com Friday.
As the rest of the world speculates which bank/country/continent will require another bailout, Canada serves as a “shining” example on how to escape the debt spiral, Jim O’Neill, chief economist at Goldman Sachs, told CNBC on Tuesday.
Just how much the US economy will expand this year and next remains a question among economists—with the wild card being the impact of European turmoil on US growth.
The European Central Bank may have shocked the markets with its prediction that bank losses are likely to increase in the near-term, but other economists believe the worst is behind us, and that governments have the power to force banks to lend.