Topic: Europe

There has been no global recession but negative sentiment and maximum uncertainty are clouding the reality of the situation, Frank Appel, Deutsche Post’s CEO told CNBC on “Worldwide Exchange.”

Joint bonds issued by the euro zone, also known as Eurobonds, are one of the possible solutions to Europe’s debt crisis, Joaquin Almunia, vice president of the European Commission told CNBC, “but many conditions would have to be met” before they were introduced.

European shares closed higher on Thursday as investors snapped up bargains after steep falls the previous day, despite regional data showing a deterioration in economic activity.

"He is not in a confrontational mindset. He didn't arrive brandishing a
Kalashnikov and saying 'you must accept euro bonds'," one aide said. "It's a
different approach."

Eurobonds may be hailed by some as a potential solution to the Greek debt crisis, but likely would be met by skepticism in the open market.

European shares extended losses in afternoon trade on Wednesday, taking their cue from a sell off on Wall Street and closing sharply lower on fears that an EU summit may fail to come up with concrete, new measures to tackle the region's sovereign debt crisis.

The markets have been oversold amid intense pessimism and a relief rally will be on its way within the next month, David Murrin, chief investment officer at alternative investment firm Emergent Asset Management, told CNBC’s “Worldwide Exchange”.

The continuing political and economic crisis in Greece and its impact on the rest of the euro zone are the biggest threat to the global economy right now, the secretary general of the Organization for Economic Cooperation and Development said on Tuesday.

Ronald Reagan's foundation expressed outrage on Monday at a British company's auction of what it says is a vial of the late U.S. president's blood taken at the hospital where he was treated after a 1981 assassination attempt.

European shares extended gains to close strongly higher on Tuesday, as better-than-expected U.S. macro data further supported sentiment.

There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100 billion or so of emergency liquidity provided by the country’s central bank – approved secretly by the European Central Bank in Frankfurt. The FT reports.

European shares rebounded from five-month lows on Monday to close higher, as investors bought into some stocks that had been badly hit in the previous week's sell-off.

World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.

How much interest would you want back if you lent to huge amounts of money to someone on an unsecured basis, and if that person had unaudited accounts and a history of playing dirty when the chips are down?