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  • Italy, Spain Will Mean More 'Carnage': Fund Manager Monday, 11 Jul 2011 | 12:57 AM ET
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    As euro zone finance ministers meet to discuss the latest plan on the table aimed at solving the Greek debt crisis, one fund manager is warning that Italy and Spain will be downgraded, raising the possibility of "carnage" for global markets.

  • EU Stance Shifts on Greece Default Monday, 11 Jul 2011 | 12:26 AM ET
    EU building flags brussels

    European leaders are for the first time prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country's overall debt levels on a sustainable footing, reported the FT.

  • El-Erian: Keep a Close Eye on Italy Sunday, 10 Jul 2011 | 7:10 PM ET
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    What happened in Italy last week was notable. If it continues, it would mark a significant extension of the regional debt crisis that Europe has repeatedly failed to come to grips with.

  • Inside a tent inb Tahir Square

    Traders at the Egyptian Stock Exchange reacted negatively to developments over the weekend, pushing the benchmark index EGX30 1.67% lower to 5270, its lowest level in almost two months.

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    Europe’s banks are growing increasingly angry over the stress tests being run by European regulators, complaining that the process has been excessively rigid, with damaging changes to the exercise rushed through at the last minute, according to the FT.

  • Egypt Stock Index Rebounds Before Planned March Thursday, 7 Jul 2011 | 6:30 PM ET
    Egypt, Cairo, Sultan Hussan Mosque at sunset

    Egypt’s benchmark stock index was able to rebound 0.75 percent in the last trading session before an expected "million-man" march on Friday.

  • ECB Hikes Rates, Hints at Dovish Stance in August Thursday, 7 Jul 2011 | 9:08 AM ET
    European Central Bank

    The European Central Bank raised interest rates by 25 basis points to 1.50 percent on Thursday, as it continued to brush off concerns over sovereign debt worries in the euro zone periphery, but President Jean-Claude Trichet hinted that a further rise in August is unlikely.

  • Emerging Markets to Drive Global Economy: King Thursday, 7 Jul 2011 | 4:58 AM ET
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    Despite a manufacturing slowdown in Russia, China and Brazil, emerging markets will be key to the recovery of the global economy, Stephen King, chief economist at HSBC told CNBC.

  • Europe Should Learn From Uruguay: Bill Rhodes Thursday, 7 Jul 2011 | 4:50 AM ET
    A protestor throws a stone to riot police in front of the Greek Parliament.

    European policymakers grappling with problems in Greece, Portugal, Ireland and Spain should follow the path set by the Uruguayan government a decade ago, dealmaker William Rhodes told CNBC Thursday.

  • ECB to Shrug Off Periphery Concerns, Raise Rates Thursday, 7 Jul 2011 | 1:50 AM ET
    European Central Bank

    The European Central Bank is expected to raise rates by 25 basis points on Thursday, as indicated in its June press conference, despite ongoing concerns over the euro zone's periphery.

  • Difficult Days May Lie Ahead for the Euro: Edward Hugh Thursday, 7 Jul 2011 | 12:46 AM ET
    Euros & Downward Graph

    While the Greek sovereign default saga steadily trundles along its course, contagion is not the only problem European policymakers are going to have to struggle with. The Euro Area recovery is slowing, and fast, writes Edward Hugh, independent economist.

  • 'Euro to Get Worse,' Says Gartman Wednesday, 6 Jul 2011 | 5:15 PM ET
    'Euro to Get Worse,' Says Gartman

    Dennis Gartman, the Gartman Letter, explains why the euro will hit new lows.

  • A Northern Currency that's Ready to Light Up Wednesday, 6 Jul 2011 | 3:36 PM ET
    Canadian Loons

    The Canadian dollar is poised to beat very low expectations, unlike one major currency we could name.

  • DSK 'Seducer' Not Rapist: Biographer Wednesday, 6 Jul 2011 | 7:09 AM ET
    Dominique Strauss-Kahn with his wife Anne Sinclair at New York State Supreme court.

    The official biographer of Dominique Strauss-Kahn believes he is a "French lover" rather than a rapist.

  • In Europe, an 'Argentinean Re-Run': Fund Manager Wednesday, 6 Jul 2011 | 3:19 AM ET
    A riotpoliceman arrest a protestor during clashes in front of the Greek Parliament.

    The situation facing European countries like Greece and Portugal is directly comparable to the economic crisis which hit Latin America in the late 1990s, Andy Brough, co-head of Schroders’ Pan European Small and Mid Cap team, told CNBC Wednesday.

  • Moment of Truth for the Euro Zone Wednesday, 6 Jul 2011 | 2:15 AM ET
    Euro bills and coins

    The biggest question in any debt crisis is whether a credible path back to solvency can be found. For Greece, this now seems very unlikely, the Financial Times reports.

  • Currency Wars Not Over, Says Brazil Wednesday, 6 Jul 2011 | 1:00 AM ET
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    Brazil is preparing a range of additional measures to stem the damaging rise of the real as the global currency war shows no signs of ending, according to Guido Mantega, the country’s finance minister, reported the FT.

  • Yoshikami: The Greek Drama is Not Over Tuesday, 5 Jul 2011 | 9:32 AM ET

    Markets, commodity prices, and growth related currencies rebounded last week on the back of good news when the Greek Parliament passed the latest austerity package.

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    Evangelos Venizelos, who was brought in as Finance Minister of Greece two weeks ago, said Greece's part in the euro zone was "not reversible" in a first on CNBC interview Tuesday.

  • Euro Zone Status Quo 'Untenable': Economist Tuesday, 5 Jul 2011 | 5:17 AM ET

    The current situation in the euro zone is "untenable" and policymakers will have to either pursue greater European economic integration or see countries exit the euro, George Magnus, Senior Economic Advisor, UBS told CNBC Tuesday.