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Europe Top News and Analysis Italy

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    Risk is back on the table after a terrible end to last week for the bulls. Following news of "Operation Twist" from the Federal Reserve, the market sold off aggressively, adding the pressure on policy makers as they met in Washington over the weekend to try and find a plan to avert a euro zone sovereign debt and banking crisis.

  • Former U.S. Treasury Secretary Henry Paulson

    After the weekend's International Monetary Fund (IMF) meeting passed with no concrete announcements on the resolution of the Eurozone debt crisis, one analyst called for a "Paulson moment" between politicians and fiscal policymakers in Europe.

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    The euro zone will be in a recession before the end of the year, an economist from the Royal Bank of Scotland told CNBC Monday.

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    Attempting to decipher what will happen next in the euro zone crisis following the annual meeting of the International Monetary Fund in Washington is no easy task.

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    After a weekend of talks at the International Monetary Fund’s annual meeting in Washington over how best to deal with the euro zone debt crisis, we appear no closer to a resolution.

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    European policymakers, stung by criticism for failing to stem the euro zone debt crisis, began working on new ways to stop fallout from Greece's near-bankruptcy from potentially upsetting the world economy.

  • George Soros

    Europe lacks the same mechanisms that the US had to deal with its financial crisis three years ago, making the dangers even greater, billionaire investor and activist George Soros said.

  • nternational Monetary Fund's Managing Director Christine Lagarde speaks at the Annual Meetings

    Those looking for answers from this week's World Bank/IMF conference were presented only with more questions and vague reassurances that global policy leaders are acutely aware of the problems and prepared to act.

  • German Chancellor Angela Merkel

    The Obama administration, increasingly alarmed by the spillover effects of Europe’s financial crisis, has begun an intensive lobbying campaign to persuade Chancellor Angela Merkel of Germany to ramp up efforts to stem any contagion from the debt crisis in Greece, the NYT reports.

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    European policymakers are quickening their preparations to cope with an escalation of the region's debt crisis as talk of a possible Greek default gained pace.

  • World Bank Group President Robert Zoellick speaks during a press conference at the International Monetary Fund (IMF) Headquarters.

    Not long ago, this weekend's IMF conference looked like it would be an upbeat gathering about a prosperous year ahead. But now the gathering of the world's top financial officials has turned into a fairly somber affair.

  • French President Nicholas Sarkozy

    The leaders of six members of the G20 group of world economic powers issued a joint open letter to the French president Nicolas Sarkozy on Thursday, calling for decisive action to be taken over the eurozone debt crisis.

  • European Central Bank

    The European Central Bank was buying Italian and Spanish government bonds in the markets on Thursday, traders told CNBC.

  • The Parthenon in Greece

    Austerity-weary Greeks lashed out against more tax hikes and pension cuts with a new round of strikes, with public transport workers, taxi drivers, teachers and air traffic controllers walking off the job Thursday.

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    Slovenia's minority government has collapsed after a no-confidence vote and this could further complicate the passage of legislation to scale up and enhance the European Financial Stability Facility (EFSF), a key element of the euro zone's crisis response.

  • George Soros

    Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.

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    The IMF has been credited with alleviating past financial crises  - but has the IGO been helpful this time around?

  • European Central Bank

    The European Central Bank says it loaned $500 million to a single bank for seven days, raising further fears that a major financial institution could be in trouble.

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    The chances of Italy defaulting on its debt repayments are actually smaller than the market is pricing in, according to analysts at Credit Suisse.

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    The European banking system is the biggest threat to global equities, according to a survey of investors by Barclays Capital.