ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...» Read More
TORONTO, April 23- Ontario's Liberal government trimmed its budget deficit forecasts for the next two years on Thursday as it unveiled a budget that seeks cost cuts in education and healthcare, a move toward austerity that could spark labor unrest across the province. Ontario, Canada's most populous province, which accounts for about 40 percent of the...
BRASILIA, April 22- Brazil is considering freezing more than 80 billion reais in government spending this year, but some in the administration fear such aggressive belt-tightening could leave the economy in disarray, a senior official told Reuters on Wednesday. Faced with a stagnant economy, the government of left-leaning President Dilma Rousseff is...
Marc Faber, editor and publisher at The Gloom, Boom & Doom Report, says a "Grexit" is more of a political issue than an economical one.
Kyriakos Mitsotakis, Greek MP at the New Democracy Party, says he sees "no conceivable option" for Greece to default, as it would be "a completely catastrophic scenario."
Edmund Shing, global equity portfolio manager at BCS Financial Group, discusses Greece's reform plans and the potential risks ahead.
BRASILIA, March 31- Brazil is prepared to raise taxes, Finance Minister Joaquim Levy said on Tuesday, to shore up investor confidence and preserve its investment grade credit rating as the country's economy moves closer to recession. Brazil hiked import, fuel and financial taxes in January to raise 20.6 billion reais this year and balance accounts.
BRASILIA, March 31- Brazil is ready to raise taxes further, Finance Minister Joaquim Levy said on Tuesday, warning that the country's investment grade remains at risk as the government's fiscal results underperformed expectations. Brazil posted a primary budget deficit of 2.3 billion reais in February, central bank data showed, against analysts' forecasts in...
Greek Prime Minister, Alexis Tsipras, is due to meet German Chancellor, Angela Merkel, to discuss debt negotiations. CNBC's Annette Weisbach discusses what to expect.
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.
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.