BRUSSELS— With its next financial deadline looming, Greece is struggling to convince its creditors it has a viable economic reform plan to unlock emergency funds and prevent the country from going bankrupt. Without outside help, Greece faces the prospect of going bankrupt in the next few months. An agreement should unlock Greece's next funds— around 7 billion...» Read More
Bob McKee, chief economist at Independent Strategy Ltd, discusses Greece in terms of what they can do to pay back their debt.
Rising tensions from anti-austerity moves in Europe came to a head when thousands of protesters rioted at the opening of the new ECB headquarters.
LONDON, March 18- British finance minister George Osborne sought to court voters ahead of a May 7 election by pitching an earlier end to austerity, faster economic growth and lower taxes in future. In his last budget statement before May's national election, Osborne said Prime Minister David Cameron's government had saved Britain's economy and would bring...
CNBC's Annette Weisbach reports the latest on anti-austerity protesters blocking the inauguration ceremony of the new offices of the ECB.
LONDON, March 18- British finance minister George Osborne lowered his target for a future budget surplus and announced higher economic growth forecasts as he sought to show voters that the country's recovery is entrenched. Britain's independent budget forecasters said at the time of the previous forecasts that to reach the target, public spending would...
LONDON, March 18- Britain is aiming for a lower budget surplus by the end of the decade than it was just a few months ago, according to forecasts announced by finance minister George Osborne on Wednesday. Britain's independent budget forecasters said at the time that to reach that target, public spending would need to fall to its lowest share of GDP since the 1930 s.
ATHENS, Greece— Greek Prime Minister Alexis Tsipras insisted Wednesday his government will honor an election promise to end budget austerity— a note of defiance ahead of an expected meeting with the leaders of Germany and France on the country's troubled bailout. Tsipras is expected to meet German Chancellor Angela Merkel, French President Francois...
LONDON— The British budget to be unveiled Wednesday will be driven by three certainties: death, taxes and the desire of incumbent governments to win re-election. Treasury chief George Osborne will, as tradition dictates, carry a battered red briefcase containing his budget into the House of Commons before outlining his tax and spending plans— a piece of annual...
WASHINGTON— Bolstered by a spate of upbeat economic news, President Barack Obama is claiming the upper hand in the budget fight unfolding in Congress, aiming to exploit recent Republican stumbles to give Democrats an advantage despite their status as a weakened minority. The White House has put a spotlight on GOP missteps and infighting in recent weeks,...
Luigi Zingales, Professor at University of Chicago, says that there's a "60/40" chance of a Grexit in the next 12 months, but adds that quantitative easing is more important than worrying about Greece right now.
Mario Monti, former prime minister of Italy, says that the risk of a Greek contagion and a domino effect is much more under control and less explosive than in previous years.
LONDON, March 15- British finance minister George Osborne offered a sweetener to pensioners on Sunday, less than two months before a national election, but promised there would be no big giveaways for voters when he sets out his final pre-vote budget. While his hopes of delivering major tax cuts have been frustrated by slow progress in bringing down Britain's...
Stephen Cecchetti, professor of international economics and finance at Brandeis International Business School, says that the quantitative easing program is already a success, however, the risk-sharing aspect may be problematic for Europe.
Regarding Greece's debt negotiations, Jeroen Dijsselbloem, president of the Eurogroup, says "We have to stop wasting time and really start talks now seriously."
CNBC's Michelle Caruso-Cabrera reports on the official start of quantitative easing in Europe and whether EU finance ministers will give any money to Greece.
Danny McCoy, CEO of IBEC, tells CNBC that despite high debt levels in Ireland, he sees a strong year of growth ahead.
Gary McGann, CEO of Smurfit Kappa, tells CNBC that Ireland needs to support SMEs which are fundamental to a sustainable recovery.
Notis Marias, Greek Independent MEP, explains why he thinks that the European Central Bank is profiting from Greece's debt.
CNBC's Julia Chatterley talks to Yanis Varoufakis, finance minister of Greece, and asks him how Greece will pay their bills and what are their future plans.
Euro zone finance ministers have approved a four-month extension of Greece's bailout. David Rubenstein, Co-Founder and Co-CEO of The Carlyle Group, says negotiations will continue to happen for a long time, despite the extension.