ECB president Mario Draghi said that Europe is rooting for Greece, but the country is the only party that can save itself.» Read More
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.
The euro will drop even further against the dollar because Europe's problems will not be easy to solve, Dennis Gartman, author of "the Gartman Letter," told CNBC Tuesday.
After the worst May for the Dow Jones index since 1940, fueled by fears over Europe’s debt crisis, concerns over Chinese tightening and financial regulation, some were hoping for a better June.
If the European Central Bank has one monetary dragon it considers essential to slay, it is inflation.
The remedies being floated to fix Europe range from the mild to the extreme—it could be either a healthy dose of government intervention or surgery, so to speak, getting rid of some of the weaker euro-zone countries.
I thought I understood how dire things were in Europe. Then I saw it explained by Clarke and Dawe. Troubling.
Nobody knows the trouble I have seen.... With almost 40 years of experience you think I would be calmer when market turmoil hits. But I guess it's part of the human condition to forget the pain and remember the good times.
Once upon a time, the European Economic Community-remember that quaint post-World War II institution-thrived without a single currency. A larger European Union can again, but it needs to jettison the fantasy that the benefits of capitalism can be accomplished without adequate incentives to work hard and invest.
Europe's travails can and should be teaching us something: Do not wait until it is too late to get your fiscal house in order.
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