DUBAI, Dec 25- Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, the government said, providing the first detailed look at how the world's top oil exporter aims to handle an era of cheap oil. But the budget, released by the Finance Ministry on Thursday, suggests authorities are confident of...» Read More
Huw Pill, chief European economist at Goldman Sachs, says there is a need for further consolidation in Spain but argues that the country might have done "too much too soon".
The Ukrainian economy has collapsed says Pavlo Sheremeta, Ukraine's economy minister, adding that the country now needs to quickly design and implement an austerity program.
Frank Appel, CEO of Deutsche Post DHL, says the company has its own drones, after Amazon revealed it was testing drones to deliver packages last year.
Rob Subbaraman, Chief Economist, Asia ex-Japan at Nomura, says Asia has seen a deterioration in fundamentals over the past five years and must implement painful supply-side reforms.
Former Spanish Prime Minister Jose Luis Rodriguez Zapatero says the euro was a "straightjacket" for Spain at the beginning of the crisis.
Euclid Tsakalotos, member of the Greek parliament for Syriza, discusses the Greek bailout and says creditors hope the country is not on track, as it allows them to pile on the pressure for more reforms.
António Pires de Lima, Portugal's Minister of Economy, says that the higher financing costs for Portuguese companies are unfair, and that it's time for the banking union to be implemented.
Antonio Pires de Lima, Portugal's economy minister, reiterates Portugal's commitment to reach its deficit target and says the government has made sure to comply with the constitution when drafting its budget.
Guiliano Noci, associate dean at MIP Politecnico di Milano, argues that nothing has changed in Italy following the confidence vote, and that Germany should change its approach to southern European countries.
Karine Berger, Member of Parliament for the socialist party & member of Finance Commission at the National Assembly, tells CNBC that they want to sustain growth and recovery in France next year.
Maxime Alimi, Euro area economist at AXA IM, tells CNBC that if you look at the numbers, French government spending will still be up, just not as high as it was before.
Stephane Pedrazzi previews the French budget which is set to focus on spending cuts rather than tax rises.
Mark Grant, Southwest Securities, explains why the euro zone still has some tough economic challenges to face, as Europe grapples with lingering financial liabilities.
Yiannis Millios, economic advisor to Greece's SYRIZA Party, tells CNBC that the country needs to "change course", have new elections and negotiate for a new debt agreement with a "growth clause".
Elena Panaritis, economist and founder at Thought 4 Action, says Greece should reform its governance system to stem the growing social discontent and rise of the far right.
Nikos Christodoulakis, former Greek finance minister, tells CNBC that Greece needs money from the European Union in the form of structural funds and new private investment. .
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.
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.