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European Central Bank

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  • ECB's 'Bazooka' Fights Speculators, Hurts Euro Thursday, 13 May 2010 | 4:03 AM ET
    The European Debt Crisis - See Complete Coverage

    The European Central Bank's decision to buy government bonds in the secondary markets will likely stop speculators, but it may push the euro down by more than 10 percent.

  • As Gold Soars, Is It Too Late to Cash In on the Rally? Wednesday, 12 May 2010 | 8:11 AM ET
    Gold coins and bar

    Much of the demand for the precious metal is reportedly coming from Germany, where the memory of hyperinflation continues to significantly influence thinking.

  • Cameron May Need to Cut Spending More than Thatcher Wednesday, 12 May 2010 | 7:12 AM ET
    David Cameron

    The Queen was made to hang around for 5 days this week while her elected representatives attempted to form Britain’s next government.

  • TARP, PIIGS, STUPID, Time to GASP Wednesday, 12 May 2010 | 4:19 AM ET
    The European Debt Crisis - See Complete Coverage

    The only thing missing from the weekend’s $1 trillion rescue package for Europe is a good acronym, Timothy Scala, a macro strategist at hedge fund Sophis Investments told CNBC.com Wednesday.

  • Cramer: Trading Gordon Brown’s Resignation Tuesday, 11 May 2010 | 3:33 PM ET

    Plus, the Mad Money host reacts to rising gold prices.

  • Debt Gone Wild Tuesday, 11 May 2010 | 3:00 PM ET
    european_union_200.jpg

    Last week’s sharp drops and heightened volatility were due in part to the severe debt crisis in Greece and, more specifically, growing fears that other European nations are at risk — especially Spain, Portugal, Italy and Ireland.

  • Busch: Clegg, UK's New ‘King-maker?’ Tuesday, 11 May 2010 | 10:58 AM ET

    The UK election just got a lot more interesting in a big negative way for the British pound.

  • Debt Aid Package for Europe Took Nudge From Washington Tuesday, 11 May 2010 | 10:47 AM ET
    German Chancellor Angela Merkel

    Weeks of hesitant half-steps to address Greece’s debt problems had only worsened market worries about the euro, and were threatening the still-fragile economic recoveries in the United States and Asia. In response, President Obama told Mrs. Merkel that the Europeans needed an overwhelming financial rescue to end speculation that the euro — and European unity — could crumble. The NYT reports.

  • Big-Bang, Trillion-Dollar Euro Burial? Tuesday, 11 May 2010 | 10:41 AM ET
    european_union_200.jpg

    What the European leaders really meant to do with their big-bang, trillion-dollar sovereign-debt rescue was to save the euro currency, not to bury it. But with the cave in by European Central Bank head Jean-Claude Trichet (formerly a hard-money man and closet gold watcher) to use the "nuclear option" to buy up dubious sovereign debt, the euro is likely to keep depreciating.

  • Why Are Europe's CEOs So Miserable? Tuesday, 11 May 2010 | 9:12 AM ET
    The European Debt Crisis - See Complete Coverage

    If the support package put smiles back on the faces of the politicians, it did little to lift the mood of the business people gathered at the WEF meeting in Brussels.

  • EU Rescue Package Creates Moral Hazard: Blanchflower Tuesday, 11 May 2010 | 7:32 AM ET
    The European Debt Crisis - See Complete Coverage

    The markets forced the European Union into its "shock and awe" rescue package, which means they will be tempted to repeat the tactic just to generate returns, David Blanchflower, professor of economics at Dartmouth College, told CNBC Monday.

  • If Greece Is Bear Stearns, Will the UK Be Lehman? Tuesday, 11 May 2010 | 5:57 AM ET
    Debtor Nations

    Monday’s market euphoria across the world at the terms of the European Union/International Monetary Fund rescue package for the European bond market faded Tuesday as investors sold stocks and took profits on the euro. The worry for investors is whether governments in Greece and Portugal can live up to their end of the bargain and manage to significantly cut government spending in the face of bitter opposition from voters.

  • European Rescue Could Work: Nouriel Roubini Tuesday, 11 May 2010 | 5:43 AM ET
    Nouriel Roubini

    The size of the rescue package agreed at the weekend by European Union countries and the IMF is likely to cover the borrowing needs of vulnerable euro zone countries, according to famous economist Nouriel Roubini.

  • After EU Bailout, This Is ‘New Reality’ for Market Monday, 10 May 2010 | 11:18 PM ET

    Cramer tells you how to trade stocks now that the Continent's debt defaults are off the table.

  • Stocks Get a Bailout Pop; Dow Gains Over 400 Monday, 10 May 2010 | 5:00 PM ET

    Stocks logged their biggest gains in over a year Monday after the EU and IMF agreed to a $1 trillion emergency-bailout package to stem the sovereign-debt crisis.

  • What the Euro Rescue Means for Investors Monday, 10 May 2010 | 4:53 PM ET
    european_union_200.jpg

    The unprecedented action by European politicians and bankers has led to a massive sigh of relief from investors, because the ECB is promising to buy European government debt—in the open market—for the first time ever.

  • Global Markets Rebound Sharply Monday, 10 May 2010 | 3:43 PM ET

    Recall that many global markets and several sectors hit highs in April - before accumulating losses through Friday's trading.

  • Europe's $1 trillion bailout fund might alleviate some of concerns that its debt problems could spread to the US, Philadelphia Fed President Charles Plosser told CNBC Monday

  • Banks & Industrials Make a Comeback Monday, 10 May 2010 | 1:35 PM ET

    The Dow held onto a solid 400-point gain Monday afternoon after the EU and IMF agreed to a $1 trillion emergency-rescue package for Greece and other nations over the weekend. Industrials and financials, the hardest hit last week, led the pack.

  • Busch: The Bazooka Shot Heard Around the World Monday, 10 May 2010 | 1:27 PM ET

    Twenty-seven European nations and the IMF agreed to a mammoth E750 billion plan to stabilize the financial markets.