The Spanish PM has strongly denied claims that he and other members of the governing party received secret payments. "I have never received or distributed 'black money', it's false," he said, stressing that he would not resign.
With record unemployment figures, a fractious political scene, years of declining retail sales and Wednesday's depressing growth data, Spain appears to be sinking. Yet an improvement in risk appetite and falling borrowing costs continue to prop up the economy.
David Richards, CEO at Wandisco, tells CNBC that the British venture capital industry has too many people from an accounting background and not enough people from a technology background.
Fernando Fernandez from the IE Business School, tells CNBC that the Spanish data has to be put in perspective and is not really that bad considering the amount of fiscal consolidation.
Mark Lewis, director of commodities at Deutsche Bank Securities, tells CNBC prices are in oil are stable which is evidence that the crude oil market is tighter than people realize.
Christian Gattiker-Ericsson, global investment strategist at Julius Bär, tells CNBC that they remain constructive on the market and expect it to do well at least until the end of this quarter.
Majid Jafar, CEO of Crescent Petroleum, tells CNBC that a general sense of instability post the Arab Spring has already been factored in to the oil price but there has been no direct impact from the Algerian hostage attack.
Michael Wolf, CEO of Swedbank, tells CNBC that despite the economy 'biting' they are proud to have adjusted the bank to the new regulatory environment.
Severin Schwan, CEO of Roche, tells CNBC that 2012 was a very good year for Roche with the company outgrowing their markets in both Pharma and Diagnostics by five and four percent.
Chris Wyllie, Chief Investment Officer at Iveagh, tells CNBC that in retail the people who are winning are those who have the right marriage between online and offline.
David Hutchings, head of European research at Cushman and Wakefield, tells CNBC that the commercial property market in Europe rebounded in Q4 driven primarily by foreign investors.
Borje Ekholm, CEO at Investor AB, tells CNBC that he is an optimist about the economy long-term as wealth-creators and the growth of the emerging markets will drive it.
Nathaniel Rothschild, chairman of NR Investments, tells CNBC that it is staggering that he has been the lone voice of reason in raising issues of bad corporate governance at mining company, Bumi.
Mark Carney, incoming governor of the Bank of England, says he did not see signs of complacency amongst policy makers but there is still work to be done on the banking system.
Paul Donovan, deputy head of Global Economics at UBS, Andrew Slimmon, managing director at Morgan Stanley Wealth Management and Roger Nightingale, strategist at RDN Associates discuss whether investors should care about the underlying economy.
Andrew Slimmon, managing director at Morgan Stanley Wealth Management, tells CNBC that he thinks the market rally is long from over and although many people are expecting a pullback, he questions whether it will come.
During three hours of unscripted and dynamic debate, CNBC's flagship show leads you into the open of the European markets. Each trading day, anchors Geoff Cutmore, Steve Sedgwick and Karen Tso are joined by leading business personalities and financial market specialists adding to the debate. The show opens with the Overnight Indicator covering Asia's market performance and analysis on how the US markets fared, with the second hour 'Squawk Pre-Trade' focusing on news affecting the opening call and futures prices. Finally, Squawk Real-Time focuses on live market trades and market reaction to major stories of the day. Get involved in the program and e-mail your questions and comments to the show: squawkboxeurope@cnbc.com. You can also follow CNBC and Squawk Box on Twitter @CNBCWorld