LONDON, Dec 5- British finance minister George Osborne celebrated a sharp turnaround in the economy as vindication of his push to fix a gaping budget deficit on Thursday but he said he would not relax his austerity grip in the years ahead.» Read More
Miranda Xafa, CEO or EF Consulting and former IMF board member, tells CNBC that the recession in Greece is bottoming out but the recovery is likely to be L shaped.
Nick Malkoutzi, deputy editor at eKathimerini, tells CNBC that social cohesion in Greece is at breaking point and the government wants to point it out to the Troika.
When is a socialist not a socialist? Perhaps when he advocates cutting public spending rather than raising taxes -- as French Finance Minister Pierre Moscovici has done.
SAO PAULO, Sept 10- Brazil's finances are set to deteriorate substantially next year, leaving the government with few options to revive a sputtering economy and raising the threat of a credit downgrade.
*Athens says on track to meet fiscal targets. ATHENS, Sept 10- Greece said on Tuesday its budget was in surplus, not counting interest payments, and that it was on course to hit fiscal targets and fulfill conditions to seek additional debt relief from its international lenders.
Satyajit Das, author of Extreme Money, tells CNBC that the rally in equities was driven by 3 things, all of which have gone and after the German elections we'll be back to where we were in Europe.
Treasury Secretary Jack Lew explains why he is urging Congress to raise the debt ceiling as the nation fast approaches its debt limit by mid-October, with CNBC's John Harwood.
Mark Zandi, Moody's Analytics; Jeffrey Mortimer, BNY Mellon Wealth Management, and Marcus Lemonis, CNBC's "The Profit" host, discuss the key factors impacting the markets, as the Dow is on track to post its biggest monthly loss since last May.
Were the pundits wrong? John Carney, Jeff Cox and company debate the merits of austerity measures in the latest episode of NetNetTV.
WASHINGTON, Aug 12- The United States ran a budget deficit in July, although government revenues increased from a year earlier due to tax hikes and a strengthening economy, a report from the Treasury showed on Monday. The United States customarily runs deficits in July as there are few tax deadlines during the month.
Nick Malkoutzis, deputy editor at Kathimerini, tells CNBC that there is concern in the US that austerity is creating a big mess in Greece's economy and other European economies.
Mujtaba Rahman, head of Europe practice in Eurasia, tells CNBC that Germany will not write down loans for Greece until after the election.
John Studzinski, senior managing director, at The Blackstone Group, tells CNBC that German federal elections in September will finally "put to bed" the argument of austerity across Europe.
BRUSSELS, July 23- The European Commission will put forward long-awaited proposals on Wednesday to strengthen Europe's defence industry which has been hit by austerity-driven cuts in government spending. The defence industry employs around 400,000 people in Europe and has annual revenues of more than 90 billion euros.
Miguel Frasquilho, member of the Portguese Parliament from the Social Democratic Party, says that the Portuguese ruling coalition is "very stable" and that the problem lies with European guidelines and not Portugal.
Joao Galamba, member of the Portuguese Parliament from the Socialist Party, says the Portuguese political crisis is a consequence of the "failed" financial aid program that "can¿t work".
Cecilia Meireles, member of the Portuguese National Policy Committee, talks about Portugal's commitment to the Troika's financial aid program.
Otto Dichtl, managing director at Stifel Nicolaus, says that despite a lot of risks, Portuguese bonds look "relatively cheaper" than other European bonds.
Olivier Blanchard, chief economist at the IMF, says that despite the upward revision to the U.K. growth outlook, the country still needs "fiscal flexibility".
Peter Westaway, chief European economist at Vanguard Asset Management, highlights the huge progress Greece has made and how the market is more "grown up" now when dealing with political issues.