International Organizations IMF

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    Evangelos Venizelos, who was brought in as Finance Minister of Greece two weeks ago, said Greece's part in the euro zone was "not reversible" in a first on CNBC interview Tuesday.

  • The current situation in the euro zone is "untenable" and policymakers will have to either pursue greater European economic integration or see countries exit the euro, George Magnus, Senior Economic Advisor, UBS told CNBC Tuesday.

  • Euros & Downward Graph

    Growth in the euro zone's dominant service sector slowed for a third straight month in June, and by more than an initial estimate, with sluggish new orders dimming the outlook, a survey showed on Tuesday.

  • European Central Bank

    The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default, said a senior finance official to the Financial Times.

  • Trader at London Stock Exchange, England.

    "Risk on" and "risk off" continue to be debated and the weakness of the global economy is weighing on investors, but European high yield corporate bonds are enjoying something of a rally.

  • A Greek default is coming and the European authorities trying to avoid it will have to face up to it eventually, a leading economist told CNBC Monday.

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    Little by little, the woman's credibility as a witness crumbled — she had lied about her immigration, about being gang raped in Guinea, about her experiences in her homeland and about her finances, officials told the NY Times.

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    The euro had a big runup after the Greek crisis was temporarily resolved, but traders are flummoxed about next moves.

  • Former International Monetary Fund leader Dominique Strauss-Kahn enters New York State Supreme Court for a hearing on July 1, 2011 in New York City.

    Warren Buffett famously said: "It takes 20 years to build a reputation and five minutes to ruin it."

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.

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    Japanese businesses are pessimistic and euro traders don't know what to think — it's time for your Friday FX Fix.

  • IMF head Dominique Strauss-Kahn

    France is in shock again in the Dominique Strauss-Kahn saga, as in the latest twist of the story the Socialist politician and former head of the International Monetary Fund (IMF) could be cleared of accusations of sex crimes against a maid in a New York hotel.

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    With all the bearishness on the dollar out there, you would think investors would be racing for the exits. Um, not just yet.

  • Strong medicine for Greece will jumpstart aid plans and currency investors' fears will ease, one strategist says.

  • A protester holds up a smoke bomb during a mass demonstration against government financial cuts in central London, on March 26, 2011.

    Around 750,000 British teachers, civil servants, border agents and other public sector workers went on strike on Thursday after negotiations with the government failed to come to a resolution over proposed pension reforms.

  • european_bank_teller_200.jpg

    Press reports that the European Banking Authority (EBA) could fail up to 15 European banks as a show of the strength and resilience of the tests are completely unfounded, the EBA’s chairman said on Wednesday.

  • Tower Bridge and City of London financial district

    The UK government needs to address the concerns that the parliamentary committee which oversees the banking industry still has over its proposed regulatory reforms, a senior Conservative politician has told CNBC.com

  • A protester wears national flags on her hand as she protests at Syntagma square.

    European politicians need to "stop talking like accountants and become leaders," Harris Ikonomopoulos, president of the British Hellenic Chamber of Commerce, told CNBC Wednesday.

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    In an interview with CNBC, Greece's minister for growth, competitiveness and shipping, Michalis Chrisochoides, was utterly confident that his PASOK party will be able to push through the unpopular medium-term austerity package.

  • French Finance Minister Christine Lagarde is considered the top contender to replace Strauss-Kahn as IMF chief.

    Christine Lagarde said that she wants to fix the “open wounds” left by Dominique Strauss-Kahn’s departure from the IMF.