Europe News


  • Is the Euro Stronger Than People Think?     Thursday, 26 Jul 2012 | 10:37 AM ET

    "It is impossible for one country to leave the euro zone," says Paul Donovan, UBS Investment Bank economist, weighing in on why he believe the EU will eventually bailout Greece and the euro zone will stay intact.

  • Draghi Reiterates Euro Support     Thursday, 26 Jul 2012 | 10:02 AM ET

    CNBC's Steve Liesman weighs in on Mario Draghi's comments that the ECB is ready to do what it takes to preserve the euro zone.

  • No Greek Exit This Year: Strategist Thursday, 26 Jul 2012 | 9:54 AM ET

    There’s little chance that Greece will leave the euro zone by the end of the year and a solution to the country's problems should focus on the top-slicing of its debt, Steven Major, Global Head of Fixed Income Strategy at HSBC told CNBC.

  • US Perspective on Draghi Comments: Wolin     Thursday, 26 Jul 2012 | 8:57 AM ET

    "The words are important but they need to be accompanied by follow on actions," says Neal Wolin, U.S. Deputy Treasury Secretary, discussing comments made by the ECB's Mario Draghi to preserve the euro.

  • Euro Gets a Boost, Citigroup Is Glum on Greece Thursday, 26 Jul 2012 | 8:08 AM ET

    The European Central Bank chief lifts the euro and the Philippines go easy — it's time for your FX Fix.

  • Draghi's Pledge to Save Euro Sends Markets, Euro Higher Thursday, 26 Jul 2012 | 7:42 AM ET
    European Central Bank President Mario Draghi testifies before the European Parliament's economic affairs committee in his role as the head of the European Systemic Risk Board on May 31, 2012 in Brussels.

    European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, sending markets and the euro higher Thursday afternoon.

  • Draghi Sends Strong Signal ECB Will Act     Thursday, 26 Jul 2012 | 7:30 AM ET

    Lee Sachs, Alliance Partners CEO, weighs in on comments made today by the ECB's Mario Draghi's pledge to do whatever is needed to save the euro zone.

  • Treasury's Wolin on Draghi Comment     Thursday, 26 Jul 2012 | 7:16 AM ET

    "Beyond the words, there needs to be action," says Neal Wolin, U.S. Deputy Treasury Secretary, weighing in on comments made by the ECB's Draghi to do whatever is needed to save the euro zone.

  • Treasury's View of Big Banks Break Up     Thursday, 26 Jul 2012 | 7:06 AM ET

    Neal Wolin, U.S. Deputy Treasury Secretary, discusses the problems and restrictions facing big banks, and weighs in on whether the set of rules set in place now make big banks safer but more difficult to operate.

  • Valencia: Financial Pain in Spain     Thursday, 26 Jul 2012 | 6:45 AM ET

    CNBC's Carolin Schober reports the update on concerns about Spain's regional debt.

  • Global Markets Update: Greece to Leave Euro?     Thursday, 26 Jul 2012 | 6:10 AM ET

    CNBC's Kelly Evans reports on all the market moving events from Europe, including a Citigroup report that indicates there is a 90% chance Greece will exit the euro zone within the next twelve to eighteen months.

  • UK Data Raise Fears for Triple A Status Thursday, 26 Jul 2012 | 2:55 AM ET
    Tower Bridge and City of London financial district

    The UK’s deepening recession will cost the country its cherished triple-A credit rating, leading bond investors warned after output fell 0.7 percent in the three months through June.

  • Risks Remain For Spain & Italy     Thursday, 26 Jul 2012 | 12:50 AM ET

    James Ashley, Senior Economist at RBC Capital Markets says the Spanish government will need external support to get through this crisis. He shares his view on the type of bailout Madrid will need to survive. He's also downbeat on Italy, saying that the country is likely to be recession throughout this year, and possibly into next year.

  • Mobius: Europe Moving in the Right Direction     Wednesday, 25 Jul 2012 | 8:15 PM ET

    Mark Mobius, Executive Chairman, Templeton Emerging Markets Group expects the European Union to take three or four years to resolve its debt issues but is optimistic that the bloc is moving in the right direction.

  • Spanish Bond Yields Where They Should Be: Mark Mobius Wednesday, 25 Jul 2012 | 8:14 PM ET
    Mark Mobius, chairman of Templeton Asset Management Ltd., speaks during a news conference in Kuala Lumpur, Malaysia, on Tuesday, Oct. 12, 2010. Malaysia's stocks are not as cheap as other emerging markets and dividend yields are lower, Mobius said. Photographer: Goh Seng Chong/Bloomberg via Getty Images

    Spain’s high government bond yields are right where they should be given the country’s inflation outlook, Mark Mobius, Executive Chairman at Templeton Asset Management's Emerging Markets Group told CNBC on Wednesday.

  • What Form Will QE3 Take?     Wednesday, 25 Jul 2012 | 7:30 PM ET

    Greg Gibbs, Senior Currency Strategist at RBS anticipates more quantitative easing by the Fed in the next quarter in the form of purchases of mortgage backed securities.

  • Greece Should Have Never Joined the Euro Zone     Wednesday, 25 Jul 2012 | 7:20 PM ET

    Richard Yetsenga, Head of Global Markets Research at ANZ says that the way Greece's economy operates means that it should never have joined the euro zone.

  • Why QE3 Is 'Inevitable'     Wednesday, 25 Jul 2012 | 7:10 PM ET

    Richard Yetsenga, Head of Global Markets Research at ANZ says that QE3 is inevitable as the U.S. still faces significant headwinds. However, what form it will take is unknown.

  • Look Who's Hammering the Euro Now Wednesday, 25 Jul 2012 | 4:30 PM ET
    Zurich, Switzerland

    Mild mannered Switzerland is putting downward pressure on the common currency.

  • Items Prohibited or Restricted at the Olympics Wednesday, 25 Jul 2012 | 3:07 PM ET
    Although the athletes on the playing surface may be sporting them, that doesn’t mean spectators should feel free to bring bicycles, folding bikes, roller-skates or skateboards into venues. They’re too large to fit under a seat or on a lap, and would certainly be a nuisance to others. Biking is popular in London, so an announced ban on non-folding bicycles on trains during the Olympics was lifted

    So what are some of the prohibited and restricted items in 2012 Olympic venues? Click ahead for some of the most interesting examples.

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