Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
Demand for 500 euro bills as a store of value has started to decline, according to a currency strategist, who told CNBC that the note is used extensively for criminal activity and should be abolished.
Hans Redeker, global head of foreign exchange strategy at Morgan Stanley, tells CNBC that you cannot have lower debt levels via austerity so Europe will need a new strategy.
The effort by U.S. Treasury secretary Lew to persuade Europe to consider shifting its focus from budget balance to growth highlighted a deep trans-Atlantic policy gulf, the NYT reports.
Billionaire investor George Soros is the latest person to criticize Germany's role in the euro zone crisis, telling the country that it should consider leaving the euro zone.
Thanos Vamvakidis, head of European G10 FX Strategy at BofA Merrill Lynch Global Research, tells CNBC that there is evidence to suggest the 500 euro bill is frequently used to hide income from illegal sources.
Italian center-left leader Bersani met his center-right rival Berlusconi to discuss the election for the next president, offering hope of a breakthrough in the deadlock.
Garry Evans, Global Head of Equity Strategy at HSBC says there are only two ways to go for the EU scheme, either a collapse or the formation of a fiscal union.
After Portugal's rejection of the cost-cutting measures on which its bailout package depends, Invesco Perpetual's chief economist has added his voice to the anti-austerity camp, warning it could lead to "almost endless depression".
When did Margaret Thatcher's "free market boom" begin? Jimmy Williams, Democratic strategist and Vin Weber, former Mitt Romney senior advisor, share their opinions.
European shares closed mixed on Tuesday, with upward momentum coming from the basic resources sector as benign Chinese inflation data raised hopes of further monetary easing by Beijing.
Yves Leterme, deputy secretary-general of the OECD, talks to CNBC about the situation in Slovenia and says that letting the weaker banks fail would help strengthen the financial market.
European shares closed mixed on Tuesday, with upward momentum coming from the basic resources sector.
Larry McDonald, senior director, credit sales and trading at Newedge Group, tells CNBC that he doesn't like the risk/reward on offer in the U.S., so emerging markets offer better value.
Dominic Dyer, executive director at American European Institute, reflects on Jack Lew's European visit, suggesting his soundbites reflect growing concern in the U.S. over the state of the European economy.
British banks could pay up to a quarter more to be supervised as two new watchdogs adopt more intrusive regulation and impose higher fines which will be paid into the coffers of cash-strapped government.
The digital currency bitcoin continued its surge on Tuesday crossing $200, more than doubling in value in just over one week.
U.K. stocks performed better during Margaret Thatcher's tenure compared to any other period of time over the last 50 years.
New York Times columnist Paul Krugman has entered the tense debate on Thatcher's legacy and already drawn the ire of HSBC's chief economist.
Greek consumer prices entered deflationary territory for the first time in 45 years, data showed on Tuesday.
CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks rallied, helped by central bank money printing.
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Tim Graf, head of macro strategy for Europe at State Street Global Markets, says that global confidence, while still high, is deteriorating.
The underlying problems in Europe's southern economies have not been solved, says Hans-Werner Sinn, president at the Ifo Institute. He also criticizes the ECB potential use of quantitative easing.
Nik Stanojevic, equity analyst at Brewin Dolphin, says Iliad's bid to take over T-Mobile U.S. is surprising and that the price is below the U.S. provider's value.