| Source: Reuters
Italy's Mario Monti said he believed Greece would remain in the euro zone but it was impossible to say with certainty. So, just in case, euro leaders agreed to have a "Grexit" plan in place.
| Posted By:
| Source: CNBC.com
Greece will leave the euro zone next year and the country's new currency will "immediately fall by 60 percent," according to Citi chief economist Willem Buiter.
| Source: Reuters
Germany's manufacturing sector has been shrinking at the fastest rate in three years in May, renewing concerns about the stamina of Europe's largest economy, which likely propped up the euro zone in the first quarter but is beginning to show signs of strain.
Wednesday, 23 May 2012 | Posted By:
| Source: CNBC.com
Events of the past week suggest “the street” is beginning to take control of the financial system. People are expressing fears about the future of the euro and Europe by taking their money out of banks.
Wednesday, 23 May 2012 | Source: Reuters
Greeks are notoriously reluctant to pay taxes, but even those that do are holding off at the moment until they are sure their country stays in the euro zone.
Wednesday, 23 May 2012 | Posted By:
| Source: CNBC.com
Egypt made history on Wednesday as it kicked off its first free presidential election and put its fragile democratic transition to the test. Just over 50 million eligible citizens are expected to cast their votes over the course of two days.
Wednesday, 23 May 2012 | Posted By:
| Source: CNBC.com
Strong demand for Germany’s two-year bonds, which offer nothing in return, shows that opening Pandora’s Box in Europe has sapped investor confidence, Jim O'Neill, chairman at Goldman Sachs Asset Management told CNBC’s “Worldwide Exchange.”
Wednesday, 23 May 2012 | Source: CNBC.com
At a time where the debate over whether Greece should or shouldn't leave the euro zone reaches boiling point, shipping could prove critical for Greece's drive for sustainable growth.
Wednesday, 23 May 2012 | Posted By:
| Source: CNBC.com
European leaders meet in Brussels this evening for an informal dinner being billed as a showdown between German Chancellor Angela Merkel and French President Francois Hollande over the tricky issue of Eurobonds—bonds issued by the EU and backed by euro zone members collectively.
Tuesday, 22 May 2012 | Posted By:
| Source: CNBC.com
Former Greek Prime Minister Lucas Papademos told CNBC there are no preparations underway in Greece for possibly exiting the euro, but can't "exclude the possibility" that other countries are making arrangements.
Tuesday, 22 May 2012 | Source: Reuters
As Greece's financial stability fund approved an 18 billion euro ($23 billion) for the country's biggest banks, former Prime Minister Papademos suggested Greece is prepping to exit the euro zone.
Tuesday, 22 May 2012 | Source: Reuters
Germany dismissed a French-led call for euro zone nations to issue common bonds, a day before a European Union leaders' summit which investors are looking to for new measures to counter the bloc's debt crisis.
Tuesday, 22 May 2012 | Posted By:
| Source: CNBC.com
Christine Lagarde, managing director of the International Monetary Fund, vowed that the organization, which is part-funding Greece’s bailout, will “never leave the table” with its new government.
Tuesday, 22 May 2012 | Source: Reuters
Greece should not be lulled into believing an exit from the euro would lead to the sort of short shock and sharp rebound that Argentina and Asian nations experienced when they devalued their currencies more than a decade ago.
Monday, 21 May 2012 | Source: Reuters
French prosecutors said on Monday they had opened an inquiry into allegations of group rape by Dominique Strauss-Kahn and three friends, as part of an investigation into his ties to a suspected prostitution ring in the northern city of Lille.
Posts |
TOPIC : Politics and
16 May 2012
Posted By:Moorad ChoudhryCNBC Guest Blog - Europe
Are we talking our way to a Greek exit from the euro? As more and more pundits and politicians and economists start to talk about how it might be done, and the Greeks themselves struggle to form a viable coalition government (it looks like there will have to be another general election next month), perhaps it is time to think the un-thinkable and start to draft policy for a post-exit world.... Read More
4 May 2012
Jobs data and elections curb risk appetite and Australia is downbeat - it's time for your FX Fix.... Read More
3 May 2012
Posted By:Edward HughCNBC Guest Blog - Europe
Spain's crisis is one of private, not public debt, and arguably has its roots far more in the inappropriate monetary policy applied from Frankfurt during the key 2002 to 2006 period than in any failure in the application of the EU Stability and Growth Pact... Read More
20 Apr 2012
Posted By:Mohamed El-ErianCNBC Guest Blog - Europe
Fed up with how all the economic, financial and policy news out of Europe have been contributing to equity market volatility?... Read More
10 Apr 2012
Posted By:Jeanne G. Harris CNBC Guest Blog - Europe
Over the past decade, the role of analytics in professional sports has evolved into a mainstream affair... Read More
VIDEO | TOPIC : Politics and Government/International Organizations/IMF
Paul Mortimer-Lee, Global Head of Market Economics, BNP Paribas says that the ECB should cut rates and that we could se...
Arthur Hogan, MD, New Products & Strategy, Lazard Capital Markets says the contagion effect from a Greek exit is the big...
More Videos
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