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The new rescue plan for Greece will not solve the long-term problems in the euro zone, analysts and investors told CNBC Friday.
It's a busy day in Europe - and a complicated one for investors.
The Central Bank of Turkey (CBT) has kept interest rates unchanged at a record low of 6.25 percent, in line with analyst expectations. It underscored that it may narrow the interest rate corridor gradually if global growth concerns and “sovereign debt problems regarding some European economies” dent risk appetite.
Could it be? A euro debt deal may be finally in sight - time for your FX Fix.
Jean-Claude Juncker, chairman of the group of euro-zone finance ministers, said that a selective default on Greek debt cannot be ruled out under a new bailout plan for the country, Dow Jones reported Thursday.
Investors have been treating sovereigns differently from corporates, when the reality is that they have much in common with corporates and can go bust. It’s time to view sovereign debt in this light, writes Moorad Choudhry.
George Osborne has urged euro zone leaders to “get a grip” on the sovereign debt crisis at their summit today, warning that failure to do so could unleash an economic crisis as serious as the recession that followed the banking crash of 2008.
Market analysts forecasting the demise of the euro and the break-up of the European Union are doing so on fundamentally flawed assumptions about European integration, economists and policy experts told CNBC.com.
Politics has prevented a swift resolution to the Greek sovereign debt crisis that now threatens to engulf the monetary union, Myles Bradshaw, Senior Vice President and Portfolio Manager at PIMCO told CNBC.
French investigators have questioned one of Dominique Strauss-Kahn's daughters, one of his ex-wives and may question a Socialist presidential hopeful about claims the former International Monetary Fund chief tried to rape a writer.
The future of the euro is secure despite the debt crisis engulfing parts of the euro zone, Ewald Nowotny, one of the governors of the European Central Bank (ECB), told CNBC Tuesday.
A tax on euro zone banks and cheaper, longer-dated official loans are the least risky way to provide extra funding for debt-stricken Greece, a confidential paper drafted ahead of a European summit showed on Tuesday.
Two weeks before their final deadline, President Barack Obama and top lawmakers will face more pressure Tuesday for a debt deal amid a growing sense that a last-ditch plan taking shape in Congress may be the only way to avoid a devastating U.S. default.
A plan of "overwhelming force to let the markets know that once and for all you’re putting out the fire" in Europe, should start with letting Greece, Portugal and Ireland default, Neel Kashkari told CNBC Monday.
I'm just back from summer holidays and at the risk of coming across as one-track minded, we’re going to talk about the eurozone once more. Its worries are still with us (not that they are going away, this year, next year or even by 2021. Not until they have fiscal, as well as monetary policy, union. But that is for another day!), and we can’t ignore them.
Equity markets are in the grips of a tug of war — between solid company fundamentals and macroeconomic uncertainty.
Eight banks, including two Greek banks, five Spanish and one Austrian bank have failed the European Banking Authority stress tests, the agency said on Friday.
Worldwide stocks could lose 35 percent of their value if the euro zone sovereign debt crisis worsens, according to research from Deutsche Bank.
The hotel maid who accused former International Monetary Fund chief Dominique Strauss-Kahn of sexual assault remains on the payroll of New York's Sofitel Hotel, CNBC has learned from a source close to the investigation.
European banking stress tests will be a missed opportunity for policymakers to reassure markets unless they come down heavily on undercapitalized banks, analysts and investors told CNBC.com.