Europe News


  • The Syncrude oil sands extraction facility near the town of Fort McMurray in Alberta Province, Canada.

    Benchmark oil prices may trade within a tight range this week as participants wait for the outcome of a repeat Greek election on June 17 and the Organization of the Petroleum Exporting Countries (OPEC) meeting to decide production policy on Thursday in Vienna, according to CNBC's weekly survey of oil market sentiment.

  • Crescendo of Aggravation From Europe: Pro     Tuesday, 12 Jun 2012 | 5:00 AM ET

    Ken Kamen, president of Mercadien Asset Management, joined CNBC to discuss the US stock markets and the impact of the EU's ongoing debt crisis.

  • Europe Must Stop ‘Ridiculous’ Bank Bailouts: Pro Tuesday, 12 Jun 2012 | 4:32 AM ET
    European Union Flag

    The idea that taxpayers should be expected to bail out Europe’s ailing banking system is “ridiculous” and does not work, one expert told CNBC’s “Squawk Box Europe” Tuesday.

  • Worry for Italy Quickly Replaces Relief for Spain Tuesday, 12 Jun 2012 | 4:01 AM ET

    Concerns grew on Monday that Italy could be the next victim of Europe’s financial infection, leading nervous investors to sell Italian stocks and bonds and damping euphoria over a weekend deal to bail out Spain’s banks, the New York Times reports.

  • Where Will Spain's Loan Come From?     Tuesday, 12 Jun 2012 | 4:00 AM ET

    James Ferguson, head of strategy at Westhouse Securities, joined CNBC to discuss where Spain's bailout funds are likely to come from and the potential impact on Spanish bondholders.

  • Italy Next in Line for Bailout: Market Pro Tuesday, 12 Jun 2012 | 3:57 AM ET

    Italy is next in line for a bailout following Spain’s request for aid to help recapitalize its banks, Michael Gurka, Managing Director of Spectrum Asset Management, told CNBC on Monday.

  • EU's Ridiculous Bailouts Must Stop: Pro     Tuesday, 12 Jun 2012 | 2:00 AM ET

    "The idea that taxpayers should backstop failed private risk after it has failed in banks is ridiculous," Declan Ganley, chairman of Rivada Networks, told CNBC.

  • Greek Kingmaker: Syriza Must Back Bailout     Tuesday, 12 Jun 2012 | 1:00 AM ET

    Fotis Kouvelis, leader of Greece's Democratic Left party and potential kingmaker in the upcoming election, told CNBC he will form a government with Syriza only if it agrees to work with the EU bailout.

  • Spain Bailout Won't Solve Crisis: Analyst     Tuesday, 12 Jun 2012 | 1:00 AM ET

    "Creating liquidity can be part of the solution, but on its own it is not enough. There is substantial uncertainty in the euro zone... Markets doubt the commitment of the core to fund the periphery, and also the periphery's commitment to reform," Thanos Vamvakidis, head of European G10 FX strategy at Bank of America Merrill Lynch Global Research, told CNBC.

  • iPhone

    Apple unveils their newest offerings including new MacBook Pro, maps app, Siri for iPad; the market relief over a Spain bank bailout was short-lived; NetJets expands the fleet; family median income falls to levels not seen since 1992.

  • Earned in the U.S.A.     Tuesday, 12 Jun 2012 | 12:00 AM ET

    Worried about your euro zone risk? CNBC's Brian Sullivan reveals companies that get 100% of their revenues from the United States. Bonus: many even pay solid dividends.

  • What will happen in other euro zone countries if the Greeks elect a government that won't implement austerity measures? CNBC's Simon Hobbs reveals the dramatic financial shockwaves that could rumble throughout Europe.

  • Monday’s disappointing market reception to the bailout package for Spanish banks is a reminder to European policymakers of something that is more than familiar to veteran sovereign crisis managers in emerging countries: The greater the erosion of policymaking credibility, the harder it is to get the private sector to buy into your plans.

  • US Institutional Exposure to Asia Still Low     Monday, 11 Jun 2012 | 8:43 PM ET

    Dean Winterton, Global Head of Institutional Business, Eastspring investments says that U.S. institutional exposure to Asia is still low and that provides good opportunities for the firm to be an advisor to institutions looking to the region.

  • Barroso Pushes EU Banking Union Monday, 11 Jun 2012 | 7:45 PM ET
    Jose Manuel Durao Barroso, President of the European Commission

    All 27 EU countries should submit their big banks to a single cross-border supervisor as part of a banking union to be enacted as soon as next year, the president of the European Commission has urged. The Financial Times reports.

  • Hard to Take Long Positions in the Euro     Monday, 11 Jun 2012 | 7:32 PM ET

    Sean Callow, Senior Currency Strategist at Westpac Bank says that it is hard to make long calls on the Euro now. Short-term bounce-backs haven't been sustained, he said.

  • Markets Got You In A Fizzy?     Monday, 11 Jun 2012 | 6:25 PM ET

    Mad Money host Jim Cramer discusses why there's more reward to owning PepsiCo right now over Coca-Cola.

  • Capital Injection Is Good for Spain     Monday, 11 Jun 2012 | 6:14 PM ET

    Larry Kantor, Head of Research, Barclays says that capital injection into Spain's banks is a good thing for the country and that letting its lenders go bankrupt would be dangerous for the EU.

  • Neel Kashkari, Pimco head of global equities, discusses the latest rescue efforts aimed at the Spanish banks. "More action is better than less action, but it is not even close to being a solution to either Spain or the euro zone," says Kashkari.

  • Anatomy of a Euro Exit     Monday, 11 Jun 2012 | 4:40 PM ET

    CNBC's Michelle Caruso-Cabrera explains how Greece would actually exit the euro and go back to the drachma.

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