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  • Euro Break-Up 'Unthinkable': ECB Vice-President Tuesday, 20 Dec 2011 | 3:31 AM ET
    European Central Bank

    A break-up of the euro would be “absurd” and “unthinkable,” Vítor Constâncio, Vice-President of the European Central Bank (ECB), told CNBC Tuesday.

  • ECB's Draghi Rules Out Money Printing Monday, 19 Dec 2011 | 4:43 AM ET

    Mario Draghi warned of the costs of a euro zone break-up, breaching a taboo for a president of the European Central Bank, in an interview with the Financial Times.

  • Noyer Takes Swipe at British Economy Monday, 19 Dec 2011 | 1:28 AM ET
    France Finance minister Francois Baroin (R) poses next to US Finance minister Timothy Geithner (L) eyed by French central bank governor Christian Noyer on October 14, 2011 at the 'Cite de L'Architecture' in Paris, prior to a working dinner, on the first day of the G20 meeting of Finance Ministers and Central Bank Governors.

    The governor of France’s central bank has said Britain is more deserving of losing its top-notch credit rating than France as Paris braces itself for a potential downgrade of the country’s triple A status.

  • Global Markets Update: Euro Comes Off 11-Month Low Friday, 16 Dec 2011 | 5:10 AM ET
    Global Markets Update: Euro Comes Off 11-Month Low

    U.S. futures are up following yesterday's gains. European shares rise, led by mining stocks. Fitch downgrades Goldman Sachs, Deutsche Bank, Credit Suisse, BNP Paribas and Barclays. The euro is off its 11-month low. Italian PM Monti faces a confidence vote on a 33 billion euro austerity package. And gold rebounds while crude stays steady. In Asia, better-than-expected U.S. economic data lifts the markets in a mixed session.

  • Cramer: Market a Tug of War Between US and Europe Thursday, 15 Dec 2011 | 6:40 PM ET

    Good U.S. news is positive for the market, but fears about Europe can still bring it down, Cramer says.

  • Global Markets Update: Euro at 11-Month Low vs. Dollar Thursday, 15 Dec 2011 | 6:08 AM ET
    Global Markets Update: Euro at 11-Month Low vs. Dollar

    European markets rebound, although euro zone concerns remain. Manufacturing data continues to contract. Meanwhile, Spain finds strong demand for bonds even as yields on the 5-year fall. And the euro hits an 11-month low against the dollar.

  • Pondering a Dire Day: Leaving the Euro Tuesday, 13 Dec 2011 | 9:49 AM ET
    euro-cracked-1-200.jpg

    As the truth dawns in Greece and other weak euro zone economies that the price for remaining bound to the single currency will be more hardship and sacrifice, a growing number of legal and financial experts — to say nothing of the Greeks themselves — are examining in detail what would happen if Greece abandoned the euro. The NYT reports.

  • Europe, Stop Kidding the Markets! Tuesday, 13 Dec 2011 | 9:39 AM ET

    What is needed is an agreement, and then an undertaking, to make the euro work. This needs a centralized budgetary authority, which has control over the debt issuance process as well, to ensure that governments do not run up unsustainable public deficits. Tie that into a genuine lender of last resort role for the European Central Bank and we are almost there.

  • Crouch: The Day The Euro Died Monday, 12 Dec 2011 | 9:43 AM ET
    E.U. Flags

    While most have dubbed the products of the European Union Summit as further ‘kicking the can down the road,’ I believe the outcome portends the end of the Euro currency as we now know it.

  • NY Jets

    As a New York Jets fan, I despair of all the talk about the New England Patriots. I desperately want to wish the Patriots away, but I cannot. They matter. When it comes to Europe, investors around the world also face this exasperating combination of having, but not wishing to pay close attention.

  • Global Markets: U.S. Consumer Confidence Up Friday, 9 Dec 2011 | 11:40 AM ET
    Global Markets: U.S. Consumer Confidence Up

    CNBC's Mandy Drury looks at the upward move in the U.S. markets, partially due to the EU agreement. And lower gas prices bring about a rise in consumer confidence.

  • Hotel Video in Strauss-Kahn Case Resolves Little Friday, 9 Dec 2011 | 9:54 AM ET
    IMF head Dominique Strauss-Kahn

    The surveillance images show Dominique Strauss-Kahn striding from an elevator at the Sofitel New York and also captured on tape, some curious images: two hotel workers appear to share a brief celebratory embrace and dance, the New York Times reports.

  • No, Prime Minister; That's Not What Europe Needs Friday, 9 Dec 2011 | 6:06 AM ET
    British Prime Minister David Cameron leaves 10 Downing Street on August 11, 2011 in London, England. Mr Cameron hosted a COBRA meeting and a cabinet meeting earlier this morning to discuss the current unrest that has spread across the country. Parliament has been recalled following four days of rioting across the UK.

    Another week, another euro zone crisis! It feels as if this crisis is never ending, self perpetuating until an eventual Armageddon that will at the very best end with the break-up of the euro zone and at the very worst in World War III.

  • British Prime Minister Says UK Will Never Join Euro Friday, 9 Dec 2011 | 3:26 AM ET
    David Cameron

    British Prime Minister David Cameron is facing criticisms of leaving the UK isolated after he said he would not agree to a new European Union treaty.

  • Busch: BOE Stays on Hold, ECB Cuts Thursday, 8 Dec 2011 | 11:23 AM ET

    Today, the Bank of England left rates and quantitative easing on hold as Governor King decides to wait before more additional easing measures are taken and says that the events in Europe are beyond his control.

  • Euro Zone Not the World's Only Troubled Economy Wednesday, 7 Dec 2011 | 8:43 AM ET
    euros_dollars_200.jpg

    The US economy has not, by any means, emerged fully from the recession of 2008. The real-estate sector is still suffering grievously from the effects of the crash, and unemployment remains uncomfortably high.

  • How a Break-Up of the Euro Zone Could Crush the UK Wednesday, 7 Dec 2011 | 3:03 AM ET
    Big Ben

    A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.

  • It Is Time to Create Monetary and Financial Stability in Europe: CEO

    Frans van Houten, CEO, Royal Philips Electronics, "half-hearted measures are not going to cut it and we have now seen this for several months in a row and it is having a real effect on the economy."

  • Europe Mulls Two Separate Financial Rescue Funds Tuesday, 6 Dec 2011 | 3:19 PM ET
    european_union_200.jpg

    Eleventh-hour negotiations have begun in Europe to create a much bigger financial “bazooka” to present at this week’s EU summit that could include running two separate rescue funds.

  • E.U. Flags

    Standard and Poor's should've waited at least a week to announce it had put 15 European Union nations on its CreditWatch for potential downgrade, said the chairman of tire maker Pirelli.