With share prices down over the summer as fears of contagion spread, might now be the time to take off your hard hat, climb out from under your desk, and look again at European banks?
German Chancellor Angela Merkel and French President Nicolas Sarkozy have both said that Greece will not leave the euro, but the "unthinkable" is now being seriously considered at all levels.
Despite a long-term picture in Europe that appears to be as unsettled as ever, investors will take any bit of good news and run with it.
Five of the world's largest central banks have announced a coordinated injection of dollars into banking systems, in response to growing concerns over liquidity problems in the euro zone. However, analysts say, they cannot solve the underlying solvency crisis.
Has recent decline in the stock market due to news in Europe run its course? Sharing perspectives, with John Morris, Crestwood Advisors managing partner and Gene Peroni, Advisors Asset Management senior vice president.
Greece needs a collective effort by itself, the International Monetary Fund (IMF) and the rest of the euro zone members to resolve the crisis, according to Zhu Min, Deputy Managing Director, who spoke to CNBC from the summer meeting of the World Economic Forum in Dalian, China.
CNBC's Michelle Caruso-Cabrera has the update on riots in Italy ensuing as a final austerity package has been aprroved.
Three years after the collapse of Wall Street bank Lehman Brothers, the market has yet to fully recover, according to a US banks analyst.
Saudi Arabia's Central Bank Governor, Muhammad Al Jasser, said yesterday that "everyone" was concerned over the fragile state of the US economy and Europe's ongoing sovereign debt crisis, according to Reuters reports.
As investors continue to reach for yield, are we heading for a credit bubble, with CNBC's David Faber; Peter L. Briger, Jr., Fortress Investment Group LLC principal and co-chairman; Marc Lasry, Avenue Capital, co-founder and chief executive; Bruce Richards, Marathon Asset Management president and CEO; Boaz Weinstein, Saba Capital Management LP founder.
The BRICS turn the tables and the Belarussian ruble takes a dive - it's time for your FX Fix.
CNBC's Jim Cramer talks with Treasury Secretary Timothy Geithner about the global economy and what sovereign nations in Europe and around the world are doing to deal with the threat of default.. In this broad-ranging discussion, Geithner tells Cramer growth in the U.S. is weaker than he would like, largely due to the shocks of the past year. The political dysfunction in the U.S. & Europe only adds to the uncertainty, he says.
Prime Minister Silvio Berlusconi's government won a confidence vote on Wednesday in the lower house of parliament on a 54 billion euros ($74 billion) austerity package aimed at staving off financial crisis in Italy.
Markets around the world have been waiting for decisions from euro zone leaders on greater fiscal integration and euro bonds since July.
As Europe's debt crisis worsens further, one analyst says China may be their only savior.
The challenges facing the euro zone are immense and about to reach an "end game" according to one analyst who puts a 50 percent probability on everything turning out OK.
Investors will have to deal with an avalanche of news flow from Europe on Wednesday ahead of a crucial meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner on Friday.
Italy's lower house of parliament is expected to approve the centre-right government's much revised austerity plan on Wednesday as Rome struggles to stem a financial market crisis now threatening the whole euro zone.
Until the market in general "feels calmer about the euro zone this sort of roller coaster ride is likely to go on for a while," John Raymond, senior analyst-European banks at CreditSights Limited, told CNBC Tuesday.
Although European banks are up sharply today, the rumors of trouble run deep. Insight on what's next, with John Raymond, Credit Sights.