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  • IMF headquarters

    Emerging market countries are working on ways to contribute money rapidly to expand the effective firepower of the International Monetary Fund, with the aim of increasing its role in combating the eurozone sovereign debt crisis. The FT reports.

  • Silvio Berlusconi

    Italian Prime Minister Silvio Berlusconi won a crucial vote of confidence on Friday, giving his struggling center-right government a new, but probably short, lease of life.

  • global_market_downturn_200.jpg

    Discord over the euro zone crisis, currencies and global economic governance threatens to overshadow the Group of 20 finance ministers meeting in Paris on Friday and Saturday, the FT reports.

  • The International Monetary Fund (IMF) headquarters building is seen in Washington, DC.

    Emerging market countries are working on ways to contribute money rapidly to expand the effective firepower of the International Monetary Fund, with the aim of increasing its role in combating the eurozone sovereign debt crisis. The FT reports.

  • greece_flag_cracked_200.jpg

    The public sector has borne the brunt of the Greek bailout to date, and the private sector must start making a greater contribution, Angel Gurria, Secretary-General of the Organization for Economic Co-Operation and Development (OECD), told CNBC Thursday. The IMF, or International Monetary Fund, is an intergovernmental agency that works to keep exchange rates and the international system of payments stable.To help solve Europe's sovereign debt crisis, a special organization was set up in 2010 called the European Financial Stability Facility, or EFSF. So what is it and how does it work? CNBC explains.

  • Slovakia will most probably cave in to international pressure and vote for the expansion of the euro zone's bailout fund, but the previous rejection should serve as a lesson, analysts told CNBC.com Wednesday.

  • commuters-blurry-93.jpg

    Women may be happy about the strides they’ve made in corporate America, but they’re hardly satisfied.

  • Spain

    Spain and Italy's debt was downgraded Friday by Fitch ratings agency, sending stocks lower and dealing another blow to Europe's efforts to resolve its credit crisis.

  • fx_fix_1_200.jpg

    The Bank of England launches QE2 and the European Central Bank has everyone on tenterhooks - time for your FX Fix.

  • Recovery sign

    People are often biased by their immediate surroundings, to the extent that it crowds out other relevant thinking. We econometricians suffer from this; we are constantly trying to counter effectively the bigger influence of more recent data on results

  • european_union_200.jpg

    Europe’s top banking regulator has started to re-examine the strength of the region’s banks, modelling a big writedown of all peripheral eurozone sovereign debt, reported the FT.

  • Governor of the Bank of England Mervyn King

    The UK’s central bank, the Bank of England, is expected to hold interest rates at their current level of 0.5 percent on Thursday as the global economic crisis appeared to worsen and the International Monetary Fund warned that a second global recession could not be ruled out.

  • bank_vault_200.jpg

    Bank of France Governor Christian Noyer has been met with skepticism over her insistence on Wednesday that French banks are generally in good health and that the French central bank — as well as Belgium's — would back troubled lender Dexia in order to ensure it has enough liquidity.

  • Turkey gets tough and the Australians go shopping - it's time for your FX Fix.

  • The Parthenon in Greece

    It would be better if policymakers let a disorderly default of Greece take place and recapitalized banks, an analyst told CNBC Wednesday.

  • Spain

    As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.

  • european_union_crack2_200.jpg

    The euro zone was launched on a wing and a prayer. The wing has fallen off and the deities are not listening to prayers. Everyone focuses on averting a crash. But it is as vital to ask how to fly securely, the FT reports.

  • european_union_crack2_200.jpg

    The chances of the US being able to help bailout Europe are minimal because of weaknesses in the American economy, influential Citi banker William Rhodes told CNBC Tuesday.

  • Bank of France governor Christian Noyer leaves the Elysee Palace after a meeting with French President Nicolas Sarkozy about the financial crisis.

    European Central Bank member Christian Noyer said on Monday it is unrealistic to expect an increase in Europe's bailout fund beyond what was agreed in July, but that he is open to schemes that would allow leveraging to expand capacity.