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Robert Mundell, the economist known as the father of the euro, told CNBC that the European Central Bank (ECB) needs to step up to solve the euro zone crisis.
As investors prepare for another trading week, stocks are in risk mode on expectations that euro zone policy makers will do whatever it takes to preserve the euro.
Oil prices will likely gain this week on expectations that the U.S. Federal Reserve may announce additional stimulus to help boost an anemic recovery in the world's largest economy while markets are looking towards the European Central Bank to suppress unsustainably high sovereign borrowing costs in Spain and Italy, according to CNBC's weekly survey of oil market sentiment.
Stephen Davies, CEO, Javelin Wealth Mgmt says it is likely we'll have to see a proper Greek default and exit out of the Euro zone for the sovereign debt crisis to be "fully" resolved.
John Noonan, Senior FX Analyst, Thomson Reuters says that the ECB is trying to build a bridge until the Euro zone firms up a plan for a fiscal and banking union.
Frank Lavin, Fmr. Reagan WH Political Director, Fmr. U.S. Ambassador to Singapore says that there is a lot of liquidity in the economy and the Fed is unlikely to announce anything at this week's meeting.
Kingsley Jones, Founder and CIO, Jevons Global says that bond purchases in the secondary bond market makes economic sense as it does not add to inflationary pressures.
Tony Farnham, Economist & Analyst, Patersons Securities says the ECB might indulge in some form of bond buying or long term bank lending.
This strategist sees the games helping the British pound vault to higher levels.
Happy days are here again for the euro - for now, says this strategist.
Financial markets spiked Friday on a report that ECB President Draghi may propose new measures to ease Europe's debt crisis.
BlackRock's head of fixed income says turmoil in Europe and uncertainty in the U.S. economy are 'destabilizing' bank balance sheets and complicating life for the Federal Reserve.
Spain pain scuttles the euro rally and Switzerland keeps growing - it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a surge in shares of Barclays, as the bank reports H1 profits beat forecasts.
As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge – can fiat currencies survive round after round of debasement?
A currency union requires strong political leadership, and complete integration of monetary institutions within a single state, to be able to survive. Yet there still seems to be a collective reluctance to acknowledge the scale of the requirements for full monetary and fiscal union in the euro zone, writes Jason Manolopoulos.
While European Central Bank (ECB) President Mario Draghi’s pledge to do what it takes to protect the euro zone from collapse sparked a rally in global markets, one expert calls it “political posturing” which may not be matched by bold action.
Bold comments from the European Central Bank (ECB) President Mario Draghi that the ECB will do “whatever it takes” to protect the euro zone from collapse is raising hopes that risk appetite could return to markets beaten down by the debt crisis, analysts told CNBC on Friday.
Unlike recent past hosts of the Olympic Games, London has nothing to prove to anyone. Yet it has paid handsomely to hold the Games – for reasons that go beyond mere prestige, the Christian Science Monitor reports.
Even as hundreds of thousands of German tourists head south for their holidays on the front line beaches of the euro zone crisis, the politicians and commentators left behind are indulging in an orgy of speculation about whether Greece can long last as a full participant in the common currency, the Financial Times reports.
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Steve Pollard of Marex Spectron says coffee shipments from Brazil have been higher than expected, due to previous years' surpluses.
Every time the oil price looks positive or stable "out comes something negative," says Richard Mallinson, analyst at Energy Aspects.
Russia has been dominating the news recently and its economy is not looking good. Anastasia Nesvetailova, director at City University's political economy research centre explains more.