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International Organizations IMF

  • German Chancellor Angela Merkel

    Europe would find it hard to convince emerging markets such as Brazil or China to invest in a European bailout fund, a former European Commissioner warned on Tuesday.

  • 'Hard Sell' for Europe to Get China or Brazil Help

    "I think it's a pretty hard sell for Europeans to go to China or Brazil or Singapore or wherever and say, 'Hey guys, we've got this fantastic idea with you putting some of your money into a bailout fund that we're not prepared to put our money into," former EU Commissioner and Chairman of the BBC Trust Lord Patten told CNBC.

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    There is no solution to the current debt crisis plaguing the euro zone, and it’s an illusion to think that one lies on the horizon, an economist told CNBC Monday.

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    Italy manages a bond sale, and the Swiss are scolding - it's time for your FX Fix.

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    There is no solution to the current debt crisis plaguing the euro zone, and it’s an illusion to think that one lies on the horizon, an economist told CNBC Monday.

  • Student demonstrators carry banners as they march against cuts in tuition funding in London on November 9, 2011. Thousands of students headed to London on November 9 to march against cuts to higher education funding, as a huge police operation sought to head off any repeat of violent protests one year ago.  AFP PHOTO / BEN STANSALL (Photo credit should read BEN STANSALL/AFP/Getty Images)

    If we’re not to blame capitalism for the current wave of dissatisfaction, who are we to blame? Selfish prats. They can be found across the political spectrum and in all socio-economic groups. They make poor decisions and screw stuff up for everyone else.

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    Splitting the EU – creating a small core of euro zone countries and a looser outer circle – has been taboo. But as Europe debt crisis worsens, France and Germany are discussing the idea more intensively, the Christian Science Monitor reports.

  • Lucas Papademos

    Lucas Papademos might have been hoping to gently ease into retirement after close to four decades as an economist and central banker.

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    The euro zone’s bailout fund, the EFSF, was set up to provide a backstop for euro sovereign members who get into, er...payment difficulties. To date the EFSF has issued two bonds, the first in January maturing in 2016 and a second one in June that matures in 2021.

  • Former U.S. Federal Reserve Chairman Paul Volcker

    The scale of Europe’s debt problems has forced its central bank to go beyond its traditional role in order to limit the cascading effect of the crisis, the former Chairman of the U.S. Federal Reserve Paul Volcker, told CNBC on Tuesday.

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    As Greece's leaders tried to finalize the details of its new coalition government, Pavlos Yeroulanos, Minister of Culture and Tourism in the current regime, told CNBC that leaving the single currency would not solve its problems and ruled out a referendum on Greece's membership of the euro zone in the near future.

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    Europe must learn again that welfare is a joint responsibility between state and citizen; that governments cannot redistribute wealth that doesn’t exist; and, that welfare follows from hard work, writes Zoltán Cséfalvay, Minister of State for Economic Strategy for Hungary.

  • President of the European Commission Jose Manuel Barroso chats with U.S. President Barack Obama as (from L to R) Russian President Dmitry Medvedev, German Chancellor Angela Merkel, French President Nicolas Sarkozy and Japanese Prime Minister Naoto Kan follow behind as the leaders emerge from lunch on their way to the first plenary session at the G8 Summit on May 26, 2011 in Deauville, France. France is hosting the G8 Summit, which focuses on issues including African development, the Arab Spring

    The Group of 20 is seeking to meet again, possibly before Christmas, with the aim of resurrecting a deal to provide an international firewall around Greece, G20 sources have told the Financial Times, saying negotiators at the Cannes summit had been close to an agreement.

  • German Chancellor Angela Merkel and French President Nicolas Sarkozy

    Those looking for firm action in the final G20 communique would have had a hard time finding much to get their teeth into.

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    Europe is officially in crisis mode, but the euro is hanging tough. Here's how to prepare if uncertainty seems primed to rise on Monday.

  • International Monetary Fund Director Christine Lagarde

    Europe failed to get the leaders of the world's wealthiest economies to help out with its debt troubles, but everyone left a G20 summit Friday relieved that at least they forced the Greek prime minister not to hold the world hostage with a bailout vote.

  • Greece, the IMF & Money

    CNBC's Steve Liesman has the details on Greece, the IMF, and how the country plans on getting financial relief.

  • Barack Obama

    President Obama said world leaders have made important progress at the G20 summit to put their economic recoveries on firmer footing, adding that all countries have an enormous stake in the outcome of Europe's debt crisis.

  • The former Greek Prime Minister, George Papandreou

    The future of Greek Prime Minister George Papandreou's government looked increasingly doubtful as it prepared for a confidence vote Friday, with markets facing continued uncertainty in the euro zone.

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    Australia goes downbeat, and Greek no-confidence vote gives none - it's time for your FX Fix.