"The solution for this crisis of the euro will be more economic governance at the European levels," Pedro Sanchez, the vice-president of the Spanish socialist party PSOE told CNBC ahead of difficult general elections. "Europe will never be the problem for the world or the member states, it will be the solution," he added.
A look at the GDP and an economic forecast for the year to come, with James Bullard, St. Louis Federal Reserve Bank president/CEO, who says the decline in business and consumer confidence will not cause the U.S. economy to tumble because Europe is too far from the American household to prevent consumers from going about usual spending.
CNBC's Rick Santelli, Steve Liesman and Becky Quick report on the CPI numbers, which were down .1 percent for the month (core was up .1 percent). Santelli reports on the market reaction. Steve Forbes & Dan Greenhaus, Chief Global Strategist, BTIG, discusses the economic policies of 2008 and 2009, and where the world is headed from here.
David Dreman, Dreman Value Management, discusses his feelings about the Occupy Wall Street Movement, He feels the bad guys here were the investment banks, and that things haven't changed very much since the downturn. He also discusses capitalism's inherent flaws and the need for control over corporations--that the regulations in place need to be reinforced. He's not a fan of Alan Greenspan. Also, he discusses the ongoing budget negotiations and the idea that Warren Buffett is buying.