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  • oil_reserves_140.jpg

    The release of an emergency supply of oil to the market has received a mixed response from experts, with some arguing that the high oil prices seen in recent months have held back economic recovery while others say it reflects a political struggle.

  • Exasperation at EU Debt Crisis Hand-Wringing Friday, 24 Jun 2011 | 12:40 AM ET
    European_Union_flag2_200.jpg

    As European leaders meet in Brussels with Greece potentially facing a devastating sovereign default, it is easy to forget that just six months ago it looked as though the European Union was about to turn the corner in its debt crisis, the FT reported.

  • vote_sign2_200.jpg

    I think there is an equal and even more widespread threat to democracy from another corner. It is a feature of management practices in today’s businesses.

  • Why The White House and Fed Can’t Fix the Economy Thursday, 23 Jun 2011 | 12:37 PM ET
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    The news that 60 million barrels of oil will be released into the global energy markets is really about the White House finally recognizing what millions of American families already know: the economy is still too weak, the recovery too slow, and they need to try something new.

  • Busch: Greece and Trichet Thursday, 23 Jun 2011 | 11:35 AM ET
    Swimming pool in Greece

    To most market participants, it should not be a surprise that today we had the type of comments by ECB’s Trichet on the risks associated with Greece contagion. We are constantly hearing the analogy to the US financial crisis and a Lehman event. Also, Trichet’s comments about the link between the sovereign debt and European banks should not be a surprise as this is the key factor in the crisis.

  • Trash Talk From Trichet, Sunny Skies in Switzerland Thursday, 23 Jun 2011 | 10:01 AM ET

    The European Central Bank's Trichet sees red, and hedge funds see problems in Mexico. It's your Thursday FX Fix.

  • Athens Accused of Bid to Amend Austerity Deal Thursday, 23 Jun 2011 | 2:37 AM ET
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    Greece’s new finance minister has attempted to renegotiate parts of the austerity deal struck with international lenders last month, drawing anger from his European counterparts as they battle to find a solution to Athens’ debt crisis, reports the FT.

  • How to Trade a Range Bound Euro Wednesday, 22 Jun 2011 | 11:57 AM ET
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    Despite all the euro news, the currency is basically range-bound, this expert says. Here's how to trade it.

  • Bank of England Has Its Doves, Chinese Yuan Its Bears Wednesday, 22 Jun 2011 | 9:18 AM ET
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    Bank of England governors warn of weakness, and everybody is waiting for Bernanke — it's time for your FX Fix.

  • Greece Cannot Avoid Default   Wednesday, 22 Jun 2011 | 8:05 AM ET
    Greece Cannot Avoid Default

    There is no way Greece can avoid a default, says Michael Spence, Nobel Laureate, with Mark Olson, former Federal Reserve governor.

  • Time for Common Sense on Greece Wednesday, 22 Jun 2011 | 1:12 AM ET
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    Albert Einstein is reported to have said that insanity consists of doing the same thing over and over again and expecting different results. By those standards, the deal with Greece that is about to be agreed looks insane. The only justification, as I argued in a column on May 10, is that it is needed to play for time. This is a bad strategy. Something more radical is required, according to the FT.

  • Zoellick on Greece, Eurozone, Food Inflation Tuesday, 21 Jun 2011 | 1:00 PM ET
    World Bank President Robert Zoellick addresses the media during a press conference following his meeting with Chinese Premier Wen Jiabao on September 2, 2009 in Beijing, China.

    Greece’s Prime Minster George Papandreou will face a vote of confidence in parliament tonight at midnight Athens time, 5PM ET. The government is working around the clock to gather support for its economic reforms and a new set of austerity measures.

  • El-Erian: What's Weighing Heavily on the Markets Tuesday, 21 Jun 2011 | 12:52 PM ET
    Greece

    There seems to be no limit to policy uncertainties, ranging from Europe’s stuttering response to its debt crisis, to questions about the end of QE2 in the US, the debt ceiling debate, and that still-elusive balance between medium-term fiscal reform and immediate stimulus to counter a weakening economy.

  • British Teen Arrested Over Sony, CIA Hacking Tuesday, 21 Jun 2011 | 10:49 AM ET
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    A British teenager has been arrested by officers investigating the LulzSec and Anonymous hacker groups, believed to be responsible for attacks on Sony, the U.S. Senate, the CIA, Britain's Serious Organised Crime Agency and News Corp.

  • Greek Streets 'Explosive' as PM Faces Confidence Vote Tuesday, 21 Jun 2011 | 10:00 AM ET
    The former Greek Prime Minister, George Papandreou

    European stocks rose early Tuesday and the euro stabilized versus the Swiss franc on hopes that euro zone officials will find a way to prevent a Greek default, as Fitch said even a voluntary maturity extension would lead to a cut in ratings.

  • Current Debt Situation Is Like Sub-Prime Crisis: Pro Tuesday, 21 Jun 2011 | 7:15 AM ET
    United States Federal Reserve

    Monetary policy has been "the great enabler" that central banks used to keep interest rates at "absurdly low levels for years now" and this has encouraged politicians to believe that sovereign debt is "a lot cheaper than it really is," David Stockman, former director of the Office of Management and Budget, told CNBC Tuesday.

  • Tough Times, Tough Decisions   Tuesday, 21 Jun 2011 | 7:04 AM ET
    Tough Times, Tough Decisions

    Wisconsin has balanced its budget by creating a credit positive budget, says Gov. Scott Walker (R-WI), who defends the state's highly criticized budget.

  • Protester throws a stone during demonstration at anti-austerity rally.

    With the world’s markets focused on the no-confidence vote in Athens Tuesday evening, one of the big questions facing the investors is if Portugal and Ireland could fall into similar difficulties if dreaded contagion where to spread across Europe’s periphery.

  • Italy Will Fight Last Stand in Debt Crisis Tuesday, 21 Jun 2011 | 1:06 AM ET
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    For more than two years, we have witnessed the economic demise of several European countries. This soon led to the financial community systematically assessing the health of several peripheral southern European countries, tumbling investment grade ratings and spikes in required rates of return on government debt of these sovereigns. As the European Central Bank continues to dole out rescue packages, many are now looking for the next country to suffer a financial attack and wondering if the euro will even survive, reports the FT.

  • IMF Upgrades Euro Zone Growth Forecast Monday, 20 Jun 2011 | 12:16 PM ET
    John Lipsky

    The International Monetary Fund has revised its growth forecast for the euro zone to 2 percent, up from 1.6 percent, despite persistent concerns about the peripheral countries.