CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including a cabin crew strike being called off.» Read More
Greece's mounting fiscal problems remain in focus, with investors today eyeing a possible bailout plan led by Germany and France. Closing Bell kicks shines the spotlight on the PIIGS (Portugal, Ireland, Italy, Greece & Spain) of Europe and discusses where the biggest risks are.
The global economy looks set to plunge back into recession as the sovereign debt pressure currently rocking Europe intensifies, Ashok Shah, CIO of London & Capital, told CNBC Wednesday.
Is it me or is there a high degree of hypocrisy in the way politicians and economists are reacting on a country-by-country basis to the dire fiscal positions of various European Union states?
The EU should thoroughly investigate the case of the debt swaps involving Greece and Goldman Sachs, as these types of operations are destabilizing financial markets, economist Simon Johnson told CNBC.com.
Much as I am sick of bailout nation, and bailout global nation, the European rescue of Greece was probably necessary to stop a total euro currency meltdown that might have triggered a worldwide debt deflation downward spiral.
I’m trying hard to remain optimistic about economic recovery here in America — and for that matter, around the world.
Apparently, the Greek government has called in the big hitters to help them with their fiscal dilemma.
Anybody attempting to make a sub-standard Neapolitan pizza better watch their backs from now on as this pizza has friends in very high places.
Why would you ever want to be President? Everyone who comes to the job does so with some vision and dream and quickly has to learn how to dance the dance if anything is to be done. It's harder now than ever with the accumulated debt we have built up.
Catch me if you've heard this one before. A global crisis emerges from some obscure country, and the VIX surges by some mind-boggling amount.
Google has a problem in China. But it may have bigger headaches in Europe. The New York Times reports.
Spain's presidency has as its bedrock the '2020 Strategy' plan. A plan to create jobs and to make Europe a 'smarter, greener social market'. But Spain itself has the worst jobs picture anywhere in the EU27.
Surely even the most hard-line of EU leaders are not blind to the fact that if Greece goes over the cliff then there will be other targets for the markets. Targets such as Portugal, Ireland, Spain and non-euro zone countries like the U.K.
Interventions in the market will bring about unintended consequences, the author of the "Gloom, Boom & Doom Report" said. He also weighs in on the dollar, stocks and gold.
Defaults on sovereign debt are likely to proliferate in the next crisis, Marc Faber, guest host for "Squawk Box Europe" and author of the "Gloom, Boom & Doom Report" said.
The country's budget slashes pay in the public sector and is now being seen as the model that countries such as Greece need to mimic.
Ireland's government should be tougher on striking "overpaid" public workers if it wants to help the country get out of the economic recession, Ryanair CEO Michael O'Leary told CNBC Thursday.
Debt crisis! Public Spending out of Control! Bond Market Panic! Eurozone Collapse Fears! These headlines and many others of the same ilk are often used to describe situations akin to the present one facing the Greek economy.
The euro has been very good for Greece and the possibility of the country exiting the euro zone, as some analysts speculated recently, is "absurd," Greek Finance Minister George Papaconstantinou said Wednesday.
Greece is in dire need of a modern day Leonidas. The country is facing present day foes equal perhaps to Sirens, Minotaurs and snake-haired Gorgons all added together.