Fifty five years after the signing of the Treaty of Rome which founded what is now the European Union, the EU finds itself at odds with the very countries that make it up.
The second bailout for Greece, the epicenter of the euro zone debt crisis, and recent liquidity programs have not resolved the euro zone debt crisis and the EU is unlikely to survive, George Soros, chairman of Soros Fund Management said on Thursday.
The international spotlight will be trained on Greek politics in May, as a Greek population straining at the reins of austerity takes to the ballot box.
Commodity exporting nations should prepare for a future in which commodity prices are far less likely to increase at the pace of the last decade and could in fact decrease, an International Monetary Fund (IMF) report warned on Tuesday, in an update to its World Economic Outlook.
Most economists expect catastrophic consequences if any country exits the euro. Like most conventional wisdom, such a view will be contradicted not by opposing ideas but by the march of events.
We've turned the corner. When I say “we,” I of course mean the world. And once again the economy that will have the greatest influence on world recovery is that of the United States. The unsubtle sign of US recovery is jobs growth, which we referred to last week and which has exceeded expectations.
A slowdown in China’s growth engine is good news for the country because it gives Beijing space to create a new economic model that is more sustainable and equitable, according to Zhu Min, deputy managing director of the International Monetary Fund.
A burden has been lifted off Greece's back, but the country will need to stick to its proposed reform to become a successful economy once again, Charles Dallara, managing director of the Institute of International Finance told CNBC.
The UK government has so far placed the strongest emphasis on what is inaccurately termed “austerity” rather than on “spending,” in order to get the economy back on track.
Spain’s eye-wateringly high unemployment and the collapse of its real estate market mean that Spain has significantly worse problems than Greece, an analyst told CNBC.com Tuesday.
Greece has been tossed on the turbulent sea of global markets for almost two years now – but the bond swap deal secured on Friday should reassure markets about the country’s future, Greek Finance Minister and possible future prime minister Evangelos Venizelos told CNBC.
Greece has pushed through the bond swap offer which is key to its 130 billion ($172 billion) bailout deal with bondholders representing 83.5 percent of the value of its bonds taking part.
The better-than-expected take up of the Greek bond swap offer, announced Friday morning, should help boost markets temporarily, but caution remains, analysts, strategists and economists warned.