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Guess where we'll be getting our cues from this week. From the bond markets and the politicians! Tadaaa! Fantastic! So something new to look for then! Unfortunately...not the case. Glancing at the agenda, the most important political event to be aware of is the Euro group meeting of Finance Ministers on Tuesday.
Christian Noyer, governor of the Banque de France, told CNBC, " I don't believe that at all, I see nothing in the fundamentals of France that would warrant a significant change in the external assessment of its economy."
John Noonan, Senior FX Analyst at Thomson Reuters says a newspaper report that the IMF could lend 600 billion euros to Italy is 'misleading'.
The stories that may well materialize in the next few weeks will be more heavily influenced by what happens this week to Europe's latest yield curve inversion, core bond rates, and policy announcements.
Italy's bond auction is a flop, and human currency traders haven't done much better - it's time for your FX Fix.
Hungary's economy ministry says a downgrade to junk status of the country's credit rating by Moody's has no real basis and is part of a series of "financial attacks" against the country.
The euro zone has weapons to tackle the current debt situation, but will need to activate the EFSF with more conviction and larger scale for it to be effective, Sir John Gieve, former deputy governor of the Bank of England, told CNBC.
Try as we might we cannot escape the euro zone crisis and its impact worldwide. Perhaps EU governments should be happy when they observe the President of the United States visiting the Prime Minister of Australia and taking time out to comment on the euro. In true Wildean fashion, it’s always better to be talked about…
Brussels will on Wednesday propose measures giving it more authority over the national budgets of euro zone states, including a requirement to submit tax and spending plans to European Union authorities before their national parliaments. The FT reports.
Investors are increasingly loath to trust the debt of many euro zone sovereigns. That is the most important lesson of recent events. Many European politicians wish to declare war on the markets. They need to remember that they want people to buy their debt, writes Martin Wolf in the FT.
Following the daily swings of the euro zone debt crisis, it can be difficult to focus on the long-term, bigger picture.
U.S. futures and European stocks are just off their lows for the day on more tail risk in Europe and the failure of the U.S. debt-reduction committee to come to an agreement.
It is perfectly obvious that the euro zone cannot run as it is without fiscal union and a surrender of sovereignty, Lord Digby Jones, former director general at the Confederation of British Industry told CNBC Monday.
Megan Greene, senior research analyst at Roubini Global Economics, told CNBC, "Spain can implement the austerity measures that they'll announce and they can implement structural reforms but if the end game is to stay in the euro zone, no I don't think they can achieve that."
The message from Germany is clear: there will be no bailout of the euro zone via monetizing debt through bond purchases by the European Central Bank. This stance, according to Chris Tinker, an equity strategist at Libra Investment Services in London, means higher borrowing costs acting as a mechanism for pushing through structural reforms.
Ireland is viewed by many on the outside as the best performer from the struggling euro zone peripheral economies, but there are plenty of voices within the country who doubt this can continue.
Signals of market stress are increasing, with a growing number of measures now flashing yellow and some on the verge of flashing red. The longer this persists, the greater the risk of very large market moves - in either direction, depending on the economic and financial catalysts.
Even in a volatile, headline-driven market, short-term trading opportunities crop up. Here's one strategist's near term plan.
The European Central Bank (ECB) should not be used as a lender of last resort to national governments, John Lipsky, the International Monetary Fund’s (IMF) First Deputy Managing Director, said on Friday.
A scandal is brewing in Dublin over reports the Irish budget was presented to the German Bundestag's budget committee for approval after a meeting Wednesday between German Chancellor Angela Merkel and Irish Prime Minister Enda Kenny