Europe News


  • Greeks Forgo Winter Heating After Jump in Fuel Tax Thursday, 7 Feb 2013 | 10:53 AM ET

    With Greeks already struggling under wage and pension cuts imposed by the foreign lenders, many have been forced to brave the winter cold without heating to escape spiraling fuel prices.

  • Irish Deal to Cut Borrowing by 20 Billion Euros Thursday, 7 Feb 2013 | 10:24 AM ET
    Irish Prime Minister Enda Kenny.

    Ireland's bank debt deal with the European Central Bank will reduce its borrowing needs by 20 billion euros over the next decade and cut its fiscal deficit by some 1 billion euros per annum, the country's prime minister said on Thursday.

  • Europe's Economy Still Weak: ECB's Draghi Thursday, 7 Feb 2013 | 9:09 AM ET

    Economic activity in the euro area will remain weak in early 2013 before gradually recovering later in the year, European Central Bank (ECB) President Mario Draghi said on Thursday.

  • CNBC's Steve Liesman talks with Charles Evans, Chicago Federal Reserve Bank president, about quantitative easing, unemployment, and fixing the nation's debt.

  • Osborne Drops Taxes to Lure Bolt to London Thursday, 7 Feb 2013 | 8:29 AM ET
    Usain Bolt

    Olympic sprint champion Usain Bolt and other overseas athletes will be able to compete tax-free in this year's London Diamond League event at the Olympic Stadium after the British finance minister agreed to a "one-off" exemption.

  • Bank of England Holds Policy, Will Reinvest Bonds Thursday, 7 Feb 2013 | 7:55 AM ET

    The Bank of England kept its support for the economy steady on Thursday, voting to reinvest 6.6 billion pounds of bond holdings that mature in March and saying it would provide more stimulus if needed.

  • ECB Exchange Rate Policy     Thursday, 7 Feb 2013 | 7:45 AM ET

    Horst Lochel, professor for economics at Frankfurt School of Finance, tells CNBC why the question of exchange rate policy will be the most pertinent one to come out of Mario Draghi's news conference.

  • Carlyle Group's Buying Spree Continues     Thursday, 7 Feb 2013 | 7:41 AM ET

    Oliver Sarkozy, The Carlyle Group, discusses the company's recent acquisitions of TCW Group and Duff & Phelps, and weighs in on European risk, opportunities in equities, and the return of the retail investor.

  • Carney Sets High Bar to Bank of England Changes Thursday, 7 Feb 2013 | 7:38 AM ET
    Incoming Bank of England Governor Mark Carney

    Mark Carney, the next governor of the Bank of England, said on Thursday any rethink of how British monetary policy is run should be made carefully but changes should be looked at over time.

  • No Alternative to Sovereign Debt: Analyst     Thursday, 7 Feb 2013 | 7:25 AM ET

    Chris Wheeler, bank analyst at Mediobanca, tells CNBC why it's so difficult to divorce the European banking system from sovereign debt.

  • Election Focuses on Lombardy Battleground Thursday, 7 Feb 2013 | 5:48 AM ET
    Mario Monti

    Voters across Lombardy, the industrial heartland of Italy, which calls Milan its capital, may well decide the outcome of the election – and the fate of Mario Monti, Italy's technocratic prime minister now seeking a political mandate. The FT reports.

  • Scandal, Economy Push Up Yields at Spanish Auction Thursday, 7 Feb 2013 | 5:15 AM ET

    Political uncertainty over a corruption scandal and revived concerns over the economic health of the euro zone forced the Spanish Treasury to pay more to borrow at a triple-bond auction on Thursday.

  • Ben Verwaayen, chief executive officer of Alcatel-Lucent SA

    After five years at the helm of telecoms company Alcatel-Lucent, CEO Ben Verwaayen has announced he is to step, down telling CNBC that the execution required to complete the firm's turnaround may be beyond his abilities.

  • What Big Mac Prices Say About Europe's Economy Thursday, 7 Feb 2013 | 4:14 AM ET

    Forget about statistics for employment and industrial production, it is being claimed that the price of a hamburger is showing where Europe's economic reforms are working - and where they are not.

  • ECB Will Hold Interest Rates: Pro     Thursday, 7 Feb 2013 | 3:30 AM ET

    Allan Valentiner, director of Fixed Income at Johannes Führ, tells CNBC that the ECB is going to hold short-term rates where they are for quite some time.

  • European Markets Open Flat     Thursday, 7 Feb 2013 | 3:00 AM ET

    Steve Sedgwick takes you through the European market open, where stocks have come in flat.

  • Currency Wars Return '30s Style: Who Will Lose Out? Thursday, 7 Feb 2013 | 2:53 AM ET

    As countries try to weaken their currencies to boost exports, the risk of a currency war similar to events seen in the 1930s has heightened, according to Morgan Stanley.

  • Credit Suisse will continue to cut costs aggressively as it seeks to keep profits stable in the wake of poor fourth-quarter earnings and a fragile macro-economic environment, CEO Brady Dougan told CNBC Thursday.

  • Dassault CEO: 'Prudent to be Prudent'     Thursday, 7 Feb 2013 | 1:30 AM ET

    Bernard Charles, CEO of French technology group, Dassault Systemes, tells CNBC that it is 'prudent to be prudent' at the beginning of the year and not set up unrealistic targets.

  • Russian Money Streams Through Cyprus Thursday, 7 Feb 2013 | 1:29 AM ET
    A car drives past a billboard promoting a Russian bank on a main road in the southern Cypriot port of Limassol.

    In 2011, Cyprus was the number-one destination for Russian money being sent abroad and the number-one direct investor in Russia, with more than $13bn in investments, according to Russia’s Central Bank, the Financial Times reports.

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Europe Video

  • Alcatel-Lucent CEO Michel Combes has "no time to waste with speculation" that the telecom giant might be interested in M&A. That's after it posted a 34% jump in gross profit margins.

  • There's "no drama whatsoever" at Suez Environment, says Jean-Marc Boursier, the deputy CEO in charge of finance. That's despite the need to "battle a bit" given the European economy, and to continue with cost cuts.

  • Find out more about the next steps for the $93 billion game industry, from game practices to entry into the cloud.