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  • Currency Battle Looms for Scotland Monday, 25 Feb 2013 | 1:46 AM ET

    An independent Scotland will be able to keep the pound, the UK government will argue next month – but only if Scottish ministers accept budget constraints set by London. The Financial Times reports.

  • Cyprus' New President Faces Bailout Quagmire Monday, 25 Feb 2013 | 1:32 AM ET
    Nicosia, Cyprus

    Cypriot president-elect Nicos Anastasiades faces weeks of difficult talks with foreign lenders on a financial rescue for the island nation after sweeping to a resounding victory in a run-off election on Sunday.

  • Britain Faces Long-Term Economic Malaise Monday, 25 Feb 2013 | 1:28 AM ET
    David Cameron

    At the root of Moody's decision to downgrade Britain's credit rating is a crucial economic reality: Britain has begun to trail its peers in Europe - even bailed-out euro zone economies - when it comes to bringing down its budget deficit and making it attractive for foreigners to buy its exports. The New York Times reports.

  • UK Inflation Bigger Concern Than Downgrade     Monday, 25 Feb 2013 | 12:50 AM ET

    James Ashley, Senior Economist at RBC Capital Markets says that inflation is a bigger concern for the U.K. economy than Moody's downgrade to Aa1.

  • UK Needs to Rethink Austerity Policies     Monday, 25 Feb 2013 | 12:10 AM ET

    PK Basu, MD & Head of Asia Research & Economics at Maybank Kim Eng says that the U.K. needs to re-think its austerity policies and come up with measures to generate growth.

  • Italy Needs to Get to Root of Problem: Pro     Sunday, 24 Feb 2013 | 6:10 PM ET

    Antonio Fatas, Professor of European Studies and Economics at INSEAD, outlines what Italy needs to do to fix its economy, regardless of the outcome in the election.

  • Italy Votes in Election Watched by Wall Street Sunday, 24 Feb 2013 | 2:14 PM ET
    Former Italian Prime Minister Silvio Berlusconi casts his vote in a polling station on February 24, 2013 in Milan, Italy.

    Despite the circus-like nature of the campaign, Italians at polling stations today were in extremely serious moods, with many telling CNBC this is one of the most important elections in the country's history.

  • Why Italy Continues to Rain on Europe's Parade Sunday, 24 Feb 2013 | 5:17 AM ET
    Supporters and activists from Livorno of the Movimento 5 Stelle, Five Star Movement go by bus to attend the last political rally of Beppe Grillo, leader of the Movimento 5 Stelle before the national election on February 22, 2013 in Rome, Italy.

    Change is in the air as Italy goes to the polls, but that change could also throw up a nasty surprise for the euro zone.

  • UK Suffers Blow, Pound Under New Pressure Saturday, 23 Feb 2013 | 8:17 AM ET

    Moody's downgrade is a blow to the Chancellor of the Exchequer George Osborne, who has stuck to his plan to reduce government spending in the face of slowing economic growth.

  • Spain Hit by New Corruption Case Involving Royals Saturday, 23 Feb 2013 | 7:45 AM ET
    Spanish King Juan Carlos' son-in-law, Inaqui Urdangarin arrives at a courthouse in Palma de Mallorca, on the Spanish Balearic Island of Mallorca, on February 23, 2013, to testify in the Noos corruption case.

    The Spanish king's son-in-law appeared before a judge on the island of Mallorca on Saturday to respond to charges of tax fraud in a six-million-euro embezzlement case that has eroded public support for the once-popular royal family.

  • Italy Election Goes Down to the Wire Saturday, 23 Feb 2013 | 4:02 AM ET

    Two of the four leading candidates in the Italian election are convicted criminals. Such is the state of politics in the world's third most indebted country as Italians go to the polls this weekend to choose a new government.

  • Moody's Strips the UK of Its Triple-A Rating Friday, 22 Feb 2013 | 4:40 PM ET

    Credit ratings agency Moody's Investors Service has downgraded Britain's government bond rating one notch from the top AAA to AA1, citing weaknesses in the economy's medium-term outlook.

  • Berlusconi's Incredible Comeback     Friday, 22 Feb 2013 | 1:06 PM ET

    CNBC's Michelle Caruso-Cabrera reports on the hype surrounding this weekend's Italian election.

  • European Shares Stage Broad-Based Recovery     Friday, 22 Feb 2013 | 11:30 AM ET

    European shares rose on Friday in a broad-based rally as investors took advantage of the previous session's steep falls to pick up equities on the cheap, though traders cited some caution given weekend elections in Italy.

  • CNBC's Simon Hobbs reports on all the market moving events in Europe today, including news that the euro zone economy is expected to shrink again in 2013.

  • Banks to Repay Fewer ECB Loans Than Expected Friday, 22 Feb 2013 | 11:18 AM ET
    The European Central Bank headquarters in Brussels.

    Banks around Europe will repay less than half the expected amount of the crisis loans they took from the European Central Bank a year ago, suggesting much of the euro zone financial system is still hooked on cheap ECB funds.

  • Uncertainty to Weigh on Euro: Expert     Friday, 22 Feb 2013 | 11:00 AM ET

    Tom Levinson, FX strategist at ING Financial Markets, tells CNBC that uncertainty will surround Italy even after the elections next week, and this will weigh on the euro in the short term.

  • EU Headquarters in Brussels, Belgium.

    The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year.

  • As the public prepares to go to the polls this weekend, Italian executives disagree over the impact the outcome could have on a country already struggling with debt and a lack of investor confidence.

  • Merkel Ally Says France Is 'Problem Child' Friday, 22 Feb 2013 | 8:05 AM ET

    France is a "problem child" in the euro zone and needs to implement more austerity measures and labor market reforms to regain competitiveness, a senior ally of German Chancellor Angela Merkel said on Friday.

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