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European Central Bank

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  • Greece Gets Help, but Is It Enough? Sunday, 2 May 2010 | 8:54 PM ET
    Euro bills and coins in cash register tray

    Greece announced Sunday a long-delayed rescue package that will require years of painful fiscal belt-tightening, but the deal probably will not defuse the potential threats to other European countries, The New York Times reports.

  • While the EU/IMF/ECB continuing to work towards an agreement on Greece, my thoughts turn to the voting that will occur next week in Germany.

  • Farrell: Dumb Moves on Both Sides of the Atlantic Friday, 30 Apr 2010 | 10:27 AM ET
    John Alfred Paulson, president of Paulson & Co., Inc.

    Just how dumb can you be? The guys that took the other side of the Fabulous Fab-concocted CDO-Squared whatever it was weren't stupid because they bet wrong on the housing market.

  • Farr: European Contagion Spreads Thursday, 29 Apr 2010 | 9:54 AM ET

    While Portugal and Spain are the most recent targets of S&P downgrades, Italy or even Ireland could be next.

  • Yoshikami: The Betrayal of Greece Thursday, 29 Apr 2010 | 9:44 AM ET
    View over the caldera of Santorini in Greece.

    With dramatic headlines of Greek troubles spreading and the euro hitting fresh lows against the dollar, the situation grows more critical each day. But today's news only highlights a part of the problem.

  • Stocks End Higher as Fed Holds Rates Steady Wednesday, 28 Apr 2010 | 4:34 PM ET
    Debtor Nations

    Stocks ended higher after the Fed left interest rates unchanged and kept the "extended period" language in its statement. Financials were the day's best performers, with JPMorgan and Bank of America leading the Dow.

  • Farrell: Greece's Risky Business Wednesday, 28 Apr 2010 | 12:06 PM ET

    The market is highly skeptical about a rescue which was only emphasized by Standard and Poors downgrading the rating on Greece to "junk." Wow guys, way to be timely.

  • Stocks Rise as Banks Bounce Back; Apple Falls Wednesday, 28 Apr 2010 | 11:10 AM ET

    Stocks advanced Wednesday, with  banks rebounding after a sharp selloff in the previous session after both Greece and Portugal had their debt ratings downgraded.  Bank of America and JPMorgan were among the early leaders on the Dow. Dell skidded.

  • Saving Greece: An Interview with Axel Weber Wednesday, 28 Apr 2010 | 10:48 AM ET

    One of the key players in trying to work out a solution is Germany, and I spoke with Axel Weber, President of Germany’s central bank, the Deutsche Bundesbank.

  • Futures Fall as Greek Contagion Fears Rise Wednesday, 28 Apr 2010 | 9:11 AM ET

    U.S. stock index futures pointed to a lower open Wednesday in the wake of a sharp selloff in the previous session caused by another Greek debt downgrade, but comments from the Federal Reserve could change momentum later.

  • Busch: Three Week Euro Scenario Tuesday, 27 Apr 2010 | 12:13 PM ET

    There are two known dates and one unknown date that will cause volatility and uncertainty surrounding the Euro. All three will likely occur in the next three weeks.

  • Farrell: Greece—A New Moral Hazard? Tuesday, 27 Apr 2010 | 9:41 AM ET
    The Parthenon in Greece

    The bailout of Greece has stirred ferocious debate and fallout in Germany, which has an election shortly.

  • Speculators have begun to zero in on another small member of Europe’s troubled monetary zone, the New York Times reported, highlighting the same economic flaw that brought Greece to the verge of insolvency.

  • Recovery in Danger Because of New Imbalances: ECB Thursday, 15 Apr 2010 | 6:54 AM ET
    Flags of member states of the European Union.

    Distortions in the global economy that provided the backdrop to the financial crisis threaten to widen again and upset the world-wide recovery, the European Central Bank has warned.

  • Farrell: China and Greece on My Mind Wednesday, 14 Apr 2010 | 11:25 AM ET
    Greece

    Greece easily sold a bunch of short term bills Tuesday morning with demand far exceeding the supply. An originally planned sale of 1.2 billion Euros in 6 and 12 month bills was expanded to 1.56 billion Euros. The yields were so high, however, as to be painful.

  • Farrell: An Olympic Effort to Save Greece Tuesday, 13 Apr 2010 | 9:53 AM ET
    The Parthenon in Greece

    Big brother and big sister came to the rescue—sort of—and said they would throw in 60 billion of Euros—maybe—if Greece needed it. If they need it?

  • The Parthenon in Greece

    Over the weekend, the EU and IMF announced a support package for Greece that appeared initially to mollify German constitutional concerns.

  • What Should Be Done About Market Bubbles? Monday, 12 Apr 2010 | 5:32 AM ET

    Before we blame Greenspan for the past bubble and bust, it is worth reiterating that of course there was a lot of blame to go around in this area.

  • Kelly: Weekend Could Show Who's Swimming Naked Friday, 9 Apr 2010 | 10:15 AM ET

    In an exclusive to CNBC.com, Fast Money Trader Brian Kelly says "China's lending practices have been compared to the US during the 2000's and without the automatic stabilizers of the free market it is likely that tremendous imbalances exist. In the word's of Warren Buffet...when the tide goes out we see who has been swimming naked."

  • Stocks Snap Losing Streak; Retail, Banks Gain Thursday, 8 Apr 2010 | 5:39 PM ET

    Stocks snapped a two-day losing streak Thursday after retailers delivered their best sales numbers in a decade, reinvigorating confidence in the recovery. Banks and retailers advanced. Chips were weak.