CNBC's Ross Westgate reports on all the market moving events from Europe, as EU leaders close in on reaching a banking union deal.» Read More
Government regulators from the U.S. and Europe laid out their financial reform plans Saturday before a skeptical banking industry, asking financiers for input but adamant that change was coming with or without their support.
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
Officials in Davos should try to reach a global consensus about the need for a new regulatory regime for banks, Nobel Prize laureate Joseph Stiglitz told CNBC Friday.
The current levels of budget deficits in both Europe and the U.S. are not sustainable and Europe's economic recovery will only be modest, European Central Bank President Jean-Claude Trichet told CNBC Thursday.
China is here in Davos—big time. It’s here in numbers, here as a topic for hallway chatter and here as an issue at every major plenary session.
There are huge debt problems brewing in Europe, and Greece, in particular, may have to overreact to defend itself, says Harvard professor Kenneth Rogoff.
The world debt overhang is threatening the world recovery, because markets will realize at some point how risky it is and the yields on bonds will increase, Niall Ferguson, professor of history at Harvard University, told CNBC Thursday.
There is a "serious risk" the global economy could slip back into recession if world wide government stimulus measures are taken away, George Soros, chairman of Soros Fund Management, told CNBC Wednesday.
Withdrawing economic stimuli and tightening monetary policy are difficult choices, but asset bubbles are cropping up, Nouriel Roubini told CNBC in Davos.
The European Central Bank will start phasing out the measures it took to boost liquidity at the height of the crisis and it cannot cater to the needs of individual countries with problems, Axel Weber, ECB governing council member, told CNBC Wednesday.
The budget problems of EU members Portugal, Ireland, Greece and Spain have made the unflattering acronym, PIGS, common parlance in global economic circles, such as that of the World Economic Forum's annual meeting in Davos, Switzerland this week.
Monetary policy will be a hot topic at conference, where participants will no doubt be debating who first, how much and when.
Greece needs to act on fraudulent reporting and political meddling of statistics to regain its credibility in the eyes of the European Union, Swedish Finance Minister Anders Borg told CNBC late Tuesday.
The euro will become the world's favorite reserve currency because Europe has a better growth strategy than the US, David Roche, global strategist at Independent Strategy told CNBC.
Investors should continue to invest in defensive stocks in strong dividend sectors like telecommunications, technology and pharmaceuticals, said Willem Nabarro, head of European equities for Asia at Exane-BNP Paribas on Tuesday.
Investors around the world are trying to gauge the moment when the world's major central banks begin to push interest rates back up from historic lows. Which country raises first and fastest may set the tone for the global tightening of liduidity.
The number of counterfeit euro bank notes withdrawn from circulation rose 8 percent during the last six months of 2009, with the 20 euro ($28.80) bill the most widely forged, the European Central Bank said Monday.
Greek Finance Minister George Papaconstantinou told CNBC that his country is not looking for a financial bailout and that comments made by European Central Bank board member suggesting Greece may need one were “frankly not very helpful.”
Diego Iscaro from IHS Global Insight says he believes Greece will not be allowed to fail given the impact it would have on other euro zone members like Spain, Ireland and Portugal.
Analysts predict the U.S. currency will build on its end-of-the-year gains, but it will only be a modest rally on the back of the improving economy and higher interest rates.