It's been a long, eventful, seven days for Greece. CNBC recaps the big events that unfolded during this week-long Greek drama.» Read More
In an interview with CNBC, Greece's minister for growth, competitiveness and shipping, Michalis Chrisochoides, was utterly confident that his PASOK party will be able to push through the unpopular medium-term austerity package.
Gazprom, the Russian gas monopoly, could take advantage of Greece's sovereign debt crisis to strengthen its leading position on European gas supply and counter attempts by the European Union to diversify its energy relationships.
A Greek default could be a couple of years away, and that wouldn't be such a bad thing, this strategist says.
Both sides need to partake in educating the voters as to the choices and why the current spending is unsustainable. The more light that is shone on the negotiations; the more likely there will be a smooth process.
Why aren’t businesses hiring? There is a lot of analysis about this, but, to get a better understanding, it may be best to work in reverse by looking at the past and figuring out what the relative strength or weakness of conditions are today and then examine which policies, if any, might work.
Rising Senate star Marco Rubio of Florida put out a strong growth message in our interview last night.
It is the most crucial week yet for Greek Prime Minister George Papandreou in his efforts stave off default for the country.
U.S. Treasury Secretary Timothy Geithner is not expected to significantly shift the Aug. 2 date when the government will have exhausted all of its emergency measures to stave off default, a source familiar with the administration's efforts said Monday.
The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need for increased tax revenue to be part of any agreement.
Outspoken congresswoman and Tea Party favorite Michele Bachmann cast herself as the "bold choice" for the Republican presidential nomination, as she formally kicked off her campaign Monday in her Iowa home town.
Federal Reserve Chairman Ben Bernanke continues to be the enemy of savers. On Wednesday, the Boston Red Sox fan reiterated his belief that interest rates should be kept at rock-bottom levels for an extended period of time. He views this as necessary in order to keep the economy growing. Part of Bernanke's problem has been his inability to accelerate the pace of money movement, or velocity.
China's premier Wen Jiabao arrived in Hungary on Friday as part of a five-day tour of Europe that analysts expect will see the Chinese government attempt to reassure markets over its economic management and lend rhetorical support to Europe's economies.
The authors say, "every business needs an eco-strategy. The “Green to Gold” discussion has changed from whether we need to adopt a green strategy to how."
Shares in Italian banks UniCredit SpA and Intesa Sanpaolo fell sharply on Friday and were briefly suspended for hitting the daily downward limit under pressure from Europe's debt crisis.
After a volatile session on Thursday as the International Energy Agency unveiled plans to release strategic reserves in a bid to push oil prices lower, stocks look set for a strong end to the week.
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.
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.
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.
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.
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.