Tom Enders, Airbus Group CEO, says it "would be nice if the ECB would help" lower the euro, and that the main focus for the group is to drive down its costs.» Read More
"This December...holds the key for much of the narrative in the capital markets for the next 12 months," one market strategist says.
If you held strong and stayed in the market, despite all the bears practically begging you to cash out, then congratulations. Now you can take some profits.
The euro nears parity with the dollar, the Bank of England undertakes its own QE2 and Greece opts to restructure its debt.
The next 24 hours could prove a major turning point in Europe’s crisis, one that substantially reduces the risk for all investors on world markets.
Gold isn't serving as a hedge against inflation, as traditionally has been the case. Instead, as investment guru Dennis Gartman points out, investors see gold as "a hedge against monetary uncertainty."
Even as Europe struggles to contain its latest debt crisis, fresh fissures are emerging that show the euro zone diverging into two — or even three — different economic parts that threaten to compound the problems even further. The NYT reports.
The EU bailout for Irish banks failed to quell financial markets. Borrowing costs for Portugal, Spain and others continue to rise, because structural problems created by the euro and single European market remain unaddressed and more crises are inevitable.
There are clearly two perspectives emerging on Europe's problems and this chasm in perspectives will become more clear as time goes by. The budget minded nations are reigning in the less disciplined sovereigns. Solvent Europe vs. broke member nations.
When it comes to the housing market in California and peoples' ability to purchase homes, California still isn't doing very well. But the state's second largest private lender is growing by leaps and bounds. But it will take a lot more than his success to create a real market recovery.
Here's the disturbing headline statistic: Portugal, Ireland, Greece, and Spain have sucked out 93 percent of the total liquidity taken from the ECB and other central banks.
Any bailout of Spain could severely stress the ability of Europe’s stronger countries to help the financially weaker ones, and spell deep trouble for the euro. The New York Times reports.
Nations are left with old playbooks and fewer choices by which to resolve their respective problems. This means that time, devaluations, and debt restructurings might be the only way out for many nations. It also means the citizenry will require politicians that can think outside of the box and act with greater unity and resolve than perhaps they are used to.
Things are getting better in the long term when it comes to the banks and Europe, H. Rodgin Cohen, senior chairman at the law firm Sullivan & Cromwell, told CNBC Wednesday.
As Irish and European officials engaged in tense talks over the terms of a multibillion dollar rescue package, Ireland’s Prime Minister Brian Cowen sais its low corporate tax rate and four-year budget plan, the New York Times reports.
Market commentators and Warren Buffett followers have been buzzing after seeing the Oracle of Omaha's op-ed piece featured in The New York Times. ...A report from TheStreet.
"We have too much private debt in the case of Ireland," according to Nouriel Roubini.
European shares are indicated to open flat Friday, ahead of a conference at the European Central Bank in Frankfurt where Fed Chairman Ben Bernanke and ECB President Jean-Claude Trichet will both speak.
The Irish banking crisis illustrates the euro makes little sense, because the EU lacks taxing, spending and regulatory authority critical to managing a modern economy.
As I head over to the Cato Institute's Monetary Conference, European stocks are rebounding on news that the European Union and International Monetary Fund could soon announce an aid package for Ireland.
Much of the economic focus this week has been on the group of 20 leading nations summit in South Korea, yet something equally significant has been happening in Europe, Pimco's Mohamed El-Erian writes in the FT.