Europe News


  • And Then There Were 18: Latvia to Join Euro Zone Tuesday, 4 Jun 2013 | 1:27 AM ET
    A post worker shows the first Latvian stamps denominated in both lats and euros in Riga on January 30, 2013.

    The European Commission will give Latvia on Wednesday the go-ahead to become the 18th member of the euro zone from the start of next year.

  • What Riots? Now May Be Time to Buy Swedish Krona Tuesday, 4 Jun 2013 | 1:20 AM ET

    Riots have shattered the calm in Sweden, but some analysts say now is the time to buy the country's currency.

  • Goldman Career Path: 'God Particle' to 'God's Work' Tuesday, 4 Jun 2013 | 1:16 AM ET

    Goldman Sachs has become the latest investment bank to recruit a CERN researcher, highlighting a trend of career moves from physics to finance.

  • Turkish Deputy Leader Apologizes As Protests Continue Tuesday, 4 Jun 2013 | 12:19 AM ET

    Turkey's deputy prime minister sought to mollify anti-government demonstrators on Tuesday by apologizing for a police crackdown on a peaceful protest that triggered five days of rioting.

  • The European Central Bank is backing away from any "big bazooka" style intervention to revive lending within the euro zone, delivering a blow to some market hopes. The Financial Times reports.

  • Turkey Violence: More Complex Than Arab Spring Monday, 3 Jun 2013 | 12:50 PM ET
    Protestors march near Taksim Square on June 3, 2013 in Istanbul, Turkey. The protests began initially over the fate of Taksim Gezi Park, one of the last significant green spaces in the center of the city.

    In some ways, it's easier to explain what the last few days' protests in Turkey are not about, rather than what they are.

  • The 'Elysee Premium': Wines Fetch Nearly $1 Million Monday, 3 Jun 2013 | 11:53 AM ET
    Bottles of the finest wine from the cellars of the Elysee Palace went up for auction on May 30, 2013.

    France's auction of wines from the Elysee Palace fetched more than three-times its original estimate. The lofty price was the result of the premium placed on the seller—the French presidential palace.

  • Gold Rout Prompts Shift to Diamonds Monday, 3 Jun 2013 | 10:27 AM ET

    Resource funds have had a tough run so far this year, but diamond miners have managed to emerge relatively unscathed, with many stocks surging this year.

  • France's Generous Family Benefits Are Being Cut Monday, 3 Jun 2013 | 8:04 AM ET
    French tax form

    President Francois Hollande's government aims to save up to 2 billion euros annually from 2016 under a proposed reform of France's generous system of family benefits.

  • Three Bullets for Draghi as ECB Prepares to Meet Monday, 3 Jun 2013 | 8:03 AM ET
    Mario Draghi

    Another crucial meeting for the ECB is due Thursday with analysts across Europe looking ahead to three different policy changes that Mario Draghi could announce.

  • Germany Plans Billion-Euro Aid for Spain's SMEs Monday, 3 Jun 2013 | 5:44 AM ET

    Germany will grant Spanish small and medium-sized companies (SMEs) aid of roughly 1 billion euros ($1.30 billion) as part of a push to combat rising unemployment in southern Europe.

  • Mervyn King, Governor of the Bank of England

    Dance lessons are one of Bank of England Governor Mervyn King's plans for his retirement after 20 years at the Bank of England.

  • Turkish Stocks Plunge 10% on Mass Protests Monday, 3 Jun 2013 | 2:47 AM ET

    Istanbul's stock exchange suffered its biggest one day in a decade as it closed down over 10 percent as anti-government protests entered a fourth day.

  • As western Europe's tallest building, The Shard, gets ready to celebrate its first birthday, skepticism about its popularity mounts amid revelations that only six of its 72 floors are in use.

  • Warning: ‘Prepare’ for Commodity Supercycle End Monday, 3 Jun 2013 | 1:23 AM ET

    With multiple investment banks signposting the end of the commodity supercycle, a World Bank director has warned developing countries that have benefited from the surge to protect themselves against a price crash.

  • An Italian cafe

    Small and medium-sized businesses, the backbone of Italy's economy, are struggling to get funding from the country's debt-laden banks, forcing many out of business and worsening the country's economic crisis.

  • Europe Markets That May Be Worth Snapping Up Sunday, 2 Jun 2013 | 10:09 PM ET

    True, the outlook for the euro zone economy is not great, but there are plenty of good reasons why the euro zone's peripheral equity markets look appealing right now, one expert tells CNBC.

  • Europe in 'Very Gradual' Recovery, Draghi Says Sunday, 2 Jun 2013 | 9:45 PM ET
    Mario Draghi, President of the European Central Bank

    The euro zone economy is on track for a recovery later this year driven by the European Central Bank's loose monetary policy, the bank's President Mario Draghi said.

  • Some Look to Norway as Model for US Oil Bounty Sunday, 2 Jun 2013 | 1:33 PM ET

    State control of natural resources tends to evoke images of authoritarian countries, yet the most oft-cited example for the U.S. is Norway.

  • Europe's Austerity Revolt Forces Easing on Cuts Sunday, 2 Jun 2013 | 4:29 AM ET
    Protesters try to move crash barriers as police use pepper spray to stop them outside the European Central Bank in Frankfurt.

    Faced with soaring unemployment, deepening recession, and a widening political backlash, European officials are easing up on two-year-old demands for painful budget cuts.

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