Europe News


  • Italy's Grillo: Mario Monti Needs to Disappear     Wednesday, 12 Dec 2012 | 1:20 AM ET

    Beppe Grillo leader of the Five Star Movement which is number two in the polls in Italy tells CNBC that Mario Monti was a bankruptcy curator sent in by France and Germany to save their money.

  • Spain's Inditex Posts Nine-Month Profit Up 27% Wednesday, 12 Dec 2012 | 1:14 AM ET
    A logo sits above the entrance to a Zara fashion store, operated by Inditex SA, in Barcelona, Spain.

    Spain's Zara owner Inditex continued to buck the pain in austerity-wracked Europe on Wednesday, posting nine-month net profit up 27 percent at 1.65 billion euros through its aggressive store-opening program around the world.

  • Wealthy Europeans Suffer Worst Year Since Crisis Tuesday, 11 Dec 2012 | 12:39 PM ET

    Sixty super-wealthy families had annual returns on investments of as little as a quarter of what they had reaped in 2011.

  • Greek Debt Buyback Missed Goal     Tuesday, 11 Dec 2012 | 11:30 AM ET

    The Greek debt buyback attracted bids totaling nearly 32 billion euros, and are short by about 450 million euros on their targets, reports CNBC's Simon Hobbs. In general, however, there is optimism.

  • Bersani Vows to Reform Italy and Comfort Markets Tuesday, 11 Dec 2012 | 10:19 AM ET
    Pier Luigi Bersani, Democratic Party Leader.

    Pier Luigi Bersani is aware of the severity of the crisis his country faces and vows to stick to reforms begun by Prime Minister Mario Monti.

  • Italy's Likely Next Leader: No Comedian or Cavalier Tuesday, 11 Dec 2012 | 7:04 AM ET
    Pier Luigi Bersani

    When he won the race to become Italy's center-left candidate, Pier Luigi Bersani said his Democratic Party would have to win by telling "the truth, not fairy tales".

  • Italian Bank Stocks Rebounding     Tuesday, 11 Dec 2012 | 6:20 AM ET

    CNBC's Kelly Evans reports on all the market moving events from Europe, including

  • European leaders must re-think their strategy in response to the euro zone's debt crisis as austerity measures will only go so far in solving the problems, former IMF chief Rodrigo Rato told CNBC.

  • ThyssenKrupp, Germany's top steelmaker, posted a massive 4.7 billion euro ($6.1 billion) net loss for the year as it took a painful write-down on steel mills in the United States and Brazil that it is trying to sell.

  • Euro Crisis Shoots the Messenger Monday, 10 Dec 2012 | 8:27 PM ET

    As some European media outlets shut down, newspapers struggle to cope with recession and digital competition. The GlobalPost reports.

  • Currency Competition Growing: Mervyn King Monday, 10 Dec 2012 | 7:28 PM ET

    The head of the Bank of England warned that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could grow next year.

  • Strauss-Kahn, NYC Hotel Maid Agree to Settle Suit Monday, 10 Dec 2012 | 3:21 PM ET
    Dominique Strauss-Khan

    Dominique Strauss-Kahn and a New York City hotel maid have settled her lawsuit that alleged sexual assault.

  • Best Bets If There's a Cliff Deal     Monday, 10 Dec 2012 | 12:00 PM ET

    Discussing ways to play the stock market amid fiscal cliff concerns, with Thomas Digenan of UBS; and CNBC's Jackie DeAngelis reports Hewlett-Packard is trading higher on rumors Carl Ichan is interested in the company.

  • Euro Zone Must Press On With Reforms: Rehn Monday, 10 Dec 2012 | 12:00 PM ET
    European economic commissioner Olli Rehn at the World Economic Forum.

    Europe has made progress in reforms that have helped to rebalance the euro zone economy, but the currency bloc must continue with these efforts to restore confidence, says the EU's top economics official Olli Rehn.

  • Global Markets Report     Monday, 10 Dec 2012 | 11:15 AM ET

    Markets close across Europe, and CNBC's Simon Hobbs discusses how stocks are trading amid the extension of the deadline on the Greek bond buyback and after Italy's Prime Minister Mario Monti announced his plans to resign after the approval of Italy's 2013 budget.

  • Mario Monti

    Mario Monti’s announcement that he will step down as Italy’s Prime Minister represents a significant setback in the euro zone’s rehabilitation, analysts warned on Monday, with the decision set to push up Italian bond yields and heap pressure on the euro as well as push Spain closer to the edge of a funding crisis.

  • CNBC's Kelly Evans reports on all the market moving events from Europe, including Italian markets falling after its Prime Minister Mario Monti announced his resignation plans.

  • Greece Extends Debt Buyback for Extra Day Monday, 10 Dec 2012 | 4:05 AM ET
    Angela Merkel and Antonis Samaras

    Greece will extend a debt buyback that forms part of its international bailout for an extra day to receive additional offers from bondholders, a government official said on Monday.

  • Silvio Berlusconi has confirmed he is planning a comeback just a year after an ignoble exit from office, but Italian stocks and bonds sold-off on the news.

  • British business minister Vince Cable said Britain could fall back into recession for a third time since the 2008 financial crisis but expected the economy to stagger on with minimal growth.

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