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  • G20 Strains Cast Shadow Over Paris Friday, 14 Oct 2011 | 3:08 AM ET
    global_market_downturn_200.jpg

    Discord over the euro zone crisis, currencies and global economic governance threatens to overshadow the Group of 20 finance ministers meeting in Paris on Friday and Saturday, the FT reports.

  • First Aid is Not a Cure for Euro Zone Crisis Wednesday, 12 Oct 2011 | 2:24 AM ET
    EU building flags brussels

    Should we feel confident that the crisis will soon be over? No. At least, nobody now sees the euro zone crisis as a little local difficulty. It has become the epicenter of an aftershock of the global financial crisis that could prove even more destructive than the initial earthquake, writes Martin Wolf in the FT.

  • How Long Can the Rally Based on EU Hopes Last? Tuesday, 11 Oct 2011 | 2:26 AM ET
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    Since August the market has been very volatile. Huge market swings for stocks added to a sense of crisis as investors fretted over Greek default, the global banking system and a slowdown in the US economy.

  • Spain Likely to Miss Growth Forecasts: Minister Wednesday, 5 Oct 2011 | 2:33 AM ET
    Spain

    As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.

  • Fear and Loathing in the Euro Zone Wednesday, 28 Sep 2011 | 12:41 AM ET
    European Central Bank

    A positive feedback loop between banks and weak sovereigns is emerging, with a potentially calamitous effect on the euro zone and the global economy, Martin Wolf writes in the FT.

  • ECB Steps Up Purchases of Italian, Spanish Bonds Thursday, 22 Sep 2011 | 5:03 AM ET
    European Central Bank

    The European Central Bank was buying Italian and Spanish government bonds in the markets on Thursday, traders told CNBC.

  • Public Transport Grinds to Halt in Greek Capital Thursday, 22 Sep 2011 | 3:50 AM ET
    The Parthenon in Greece

    Austerity-weary Greeks lashed out against more tax hikes and pension cuts with a new round of strikes, with public transport workers, taxi drivers, teachers and air traffic controllers walking off the job Thursday.

  • Soros: US Is Already in Double-Dip Recession Thursday, 22 Sep 2011 | 1:51 AM ET
    George Soros

    Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.

  • POLL: Crisis Management Wednesday, 21 Sep 2011 | 1:04 PM ET
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    The IMF has been credited with alleviating past financial crises  - but has the IGO been helpful this time around?

  • Euro Land May Face Full-on Bond Meltdown: Economist Tuesday, 6 Sep 2011 | 1:56 AM ET
    Recession-themed newsprint cuttings

    Sometimes a summer vacation can set you up for the autumn, allowing you some-hard earned rest to recharge the batteries before returning to the office, light of heart and confident about the prospects for the rest of the year.

  • IMF and Euro Zone Clash Over Estimates Thursday, 1 Sep 2011 | 12:32 AM ET
    European Central Bank

    International Monetary Fund staff have provoked a fierce dispute with eurozone authorities by circulating estimates showing serious damage to European banks’ balance sheets from their holdings of troubled eurozone sovereign debt. the FT reports.

  • IASB Criticizes Greek Debt Writedowns Tuesday, 30 Aug 2011 | 1:30 AM ET
    The Parthenon in Greece

    Some European financial institutions should have taken bigger losses on their Greek government bond holdings in recent results announcements, according to the body that sets their accounting rules in a letter seen by the FT.

  • Fully Fledged Credit Crisis May Be Ahead: Author Friday, 26 Aug 2011 | 3:07 AM ET
    Trader at London Stock Exchange, England.

    The world could be heading into another fully fledged credit crisis, according to Satyait Das, the author of Extreme Money: Masters of the Universe and the Cult of Risk.

  • The PIIGS Get Slaughtered in Europe Monday, 18 Jul 2011 | 2:23 PM ET
    european_union_cracked_200.jpg

    The sun has set on Europe. And not a moment too soon. If not for the close of markets today, things might have become even uglier.

  • Top of the World: Former IMF Chiefs Monday, 27 Jun 2011 | 10:22 AM ET
    Dominique Strauss-Kahn's resignation following a sex scandal in which the former head of the International Monetary Fund (IMF) was accused of assaulting a maid in a New York hotel room triggered worldwide discussion about who will get the top position in the Washington-based organization.

    Dominique Strauss-Kahn's resignation following a sex scandal triggered worldwide discussion about who will get the top position in the Washington-based organization. Click to see the former heads of the IMF.

  • The World's Most Influential Trade Unions Monday, 20 Jun 2011 | 4:17 PM ET
    For some, they cause travel chaos, artificially inflate wages and exert undue power on democratic governments; for others, they offer representation to the voiceless, save jobs from globalization's worst imbalances and stand up to state-led tyranny.

    Trade unions remain a fearsome political and economic force around the world, able to mobilize large numbers of warm bodies to man picket lines and pressure politicians.

  • Scenes From The Greek Protests 2011 Wednesday, 15 Jun 2011 | 10:28 AM ET
    Greek police fired teargas at demonstrators in central Athens on Tuesday at the start of a 48-hour strike to protest austerity measures demanded by international lenders as the price for more financial aid. As Greece teeters on the edge of bankruptcy, parliament is due to vote this week on a package of spending cuts, tax increases and privatizations agreed as part of a massive bailout aimed at averting the euro zone's first defaultEarlier in the month, Greece's parliament backed Prime Minister G

    Stone-throwing Greeks clashed with police and protesters marched on parliament to oppose government efforts to pass new austerity measures for the debt-stricken euro zone state.

  • The Euro Zone's Worst Government Debt Thursday, 7 Apr 2011 | 1:05 AM ET
    Price: $4,500 This trike was hand-built by Worksman Cycles--the company that invented the delivery tricycle in 1898 for ice cream vendors—with fabric and colors that were custom designed by Tory Burch. One nice feature: if pedaling along grows tiring, flip a switch and activate a clean-energy electric drive system.

    Global investors have followed every twist in the ongoing debt crisis engulfing the euro zone. See what countries have the most indebted governments, and how their economies are faring.

  • PIIGS, Banking, Multi-Axial Chaos Friday, 14 Jan 2011 | 3:42 PM ET

    Plot sovereign creditworthiness on the X-Axis—and aggregate bank credit worthiness on the Y-Axis—and what do you get?