Europe News


  • Things Could Quickly Unravel: Strategist   Friday, 22 Feb 2013 | 1:09 AM ET
    Things Could Unravel Quickly: Strategist

    Geoffrey Yu, FX strategist at UBS, tells CNBC that the market was complacent and waited too long to price in political woes.

  • Italy Elections: Hung Parliament the Biggest Risk   Friday, 22 Feb 2013 | 12:45 AM ET
    Italy Elections: Hung Parliament the Biggest Risk

    Peter Griffin, Head of Global Risk Assessment and Sovereign Fixed Income at Global Interest Rates says indecisiveness in the Italian elections could result in spreads blowing out.

  • Brussels Turns Up Pressure Over Libor Friday, 22 Feb 2013 | 12:34 AM ET
    UBS to Cut Up to 10,000 Jobs

    Banks and broker-dealers ensnared in the Libor-rigging scandal are facing fresh pressure to settle with Europe's top competition authority, the Financial Times reports.

  • Action in the Euro Could Dictate Wall Street Friday Thursday, 21 Feb 2013 | 9:19 PM ET

    Traders will be watching the track of the euro Friday, as they decide how defensive they should be going into the weekend. Thursday was a second day of "risk-off" selling with stock, commodities and the euro all heading lower.

  • Italy Vote May Not Give Country What It Needs Thursday, 21 Feb 2013 | 7:51 PM ET

    Silvio Berlusconi's resurgence and the rise of a foul-mouthed populist comedian have thrown Italy's weekend election wide open, with deep uncertainty over whether the poll can produce a positive outcome.

  • Another Falklands Conflict? Argentina's Rhetoric Heats Up Thursday, 21 Feb 2013 | 12:24 PM ET
    Argentinian Foreign Minister Hector Timerman leaves in a car from Britain's Houses of Parliament in London, on February 5, 2013.

    Next month will determine the eventual fate of the Falkland Islands—and the 1.4 billion barrels of oil so far discovered there. The resolution will come through a referendum among the islanders themselves. Argentina isn't happy about that.

  • ECB Posts $750 Million Profit on Greek Bonds Thursday, 21 Feb 2013 | 12:24 PM ET

    The European Central Bank made 555 million euros ($732 million) last year from Greek sovereign bonds acquired under its first bond-buy plan.

  • Italy Chooses: Tycoon, Clown or Professor Thursday, 21 Feb 2013 | 11:47 AM ET

    After a year under Mario Monti's technocratic government, Italians return to the polls on Sunday February 24.

  • Europe Closes Sharply Lower on Fed Worries   Thursday, 21 Feb 2013 | 11:30 AM ET
    Europe Closes Sharply Lower on Fed Worries

    A sharp fall on the Milan stock market hit European shares on Thursday, with uncertainty over this weekend's Italian elections pushing a key euro zone equity index to its lowest level since the start of 2013.

  • Broad Sell-Off in European Markets   Thursday, 21 Feb 2013 | 11:29 AM ET
    Broad Sell-Off in European Markets

    CNBC's Simon Hobbs reports weak economic data and Fed worries causes stocks to tumble in Europe. All of the major indexes closed sharply lower.

  • Italy's Best Are Emigrating at Time of Crisis Thursday, 21 Feb 2013 | 11:08 AM ET

    For more than a century unskilled Italians have gone abroad to escape poverty, but these days the people running for the exits are among the country's top brains.

  • Silvio Berlusconi

    The president of the European Parliament, warned Italians on Thursday not to back the scandal-ridden media tycoon at the ballot box.

  • Spain Romps Ahead with Above-Target Debt Sale Thursday, 21 Feb 2013 | 8:39 AM ET

    Spain sold more bonds than it had targeted in its third debt sale of the week on Thursday, as the Treasury makes the most of a recent easing in investor concerns.

  • Intesa CEO: 20% of Italy’s Firms 'Won’t Make It’ Thursday, 21 Feb 2013 | 7:28 AM ET
    St. Peter's Basilica in Rome, Italy.

    Twenty percent of Italian companies are set to fail, Intesa Sanpaolo Chief Executive Enrico Cucchiani, told CNBC on Wednesday.

  • Global Markets Update: EU Shares Lower   Thursday, 21 Feb 2013 | 6:12 AM ET
    Global Markets Update: EU Shares Lower

    CNBC's Kelly Evans reports concerns on the future of quantitative easing from the Federal Reserve, and weak economic data sent European sharply lower on Thursday.

  • Intesa CEO: 20% of Italy's Firms Won't Make It   Thursday, 21 Feb 2013 | 6:00 AM ET
    Intesa CEO: 20% of Italy's Firms Won't Make It

    Enrico Cucchiani, CEO of Intesa Sanpaolo, tells CNBC that the bottom 20 percent of Italian companies have seen top line shrinking 35 to 45 percent.

  • Iceland Looks to Export Power Bubbling From Below Thursday, 21 Feb 2013 | 5:30 AM ET

    With the ability to produce electricity far beyond the requirements of its population, Iceland is looking into the possibility of laying an enormous "extension cord", which would enable them to export to the huge European market.

  • Hottest Mobile Trends Thursday, 21 Feb 2013 | 4:43 AM ET

    The biggest mobile trade show in the calendar kicks off on February 25 in Barcelona, Spain. Industry watchers expect new products to be unveiled by a host of players including Google, Samsung, HTC and Sony at the Mobile World Congress.

  • Euro Zone Recovery Hopes Dealt a Blow in February: PMIs Thursday, 21 Feb 2013 | 4:19 AM ET
    Euro Zone Faces 'Winter of Discontent': Pro

    Hopes the euro zone might emerge from recession soon were dealt a blow on Thursday, as surveys showed the downturn in the region's businesses worsened unexpectedly this month - especially in France.

  • Goldman Sachs: European Stocks Will Head Higher   Thursday, 21 Feb 2013 | 4:00 AM ET
    Goldman Sachs: European Stocks Will Head Higher

    Peter Oppenheimer, chief global equity strategist at Goldman Sachs, tells CNBC that the prospects for equities still look good, but it's not surprising that we are seeing a pullback.

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Europe Video

  • IMF discusses role in Egypt

    Masood Ahmed, director of Middle East and Central Asia at the IMF, says that the IMF has two roles to play with Egypt, one of which is to provide dialogue and the other is to provide financial support.

  • IMF: Egypt has 'a long way to go'

    Masood Ahmed, director of Middle East and Central Asia at the IMF, says that Egypt has made a lot of improvements regarding energy subsidies and broader reforms, but still has "a long way to go."

  • Is Greece spiralling out of control?

    Peter Rosenstreich, chief FX analyst at Swissquote Bank, says the negotiations between creditors and Greece may not end well.