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  • european_union_crack2_200.jpg

    A list of measures EU heads of state will likely sign off on later this week could very well entrench Germany’s strength at the heart of Europe and the weakness of those on the periphery. CNBC'c Patrick Allen comments.

  • BCBS chairman Nout Wellink talks with BCBS secretary general Stefan Walter

    European regulators should stop banker-bashing and allow banks to do their job or risk losing ground to competition from the US, Middle East and Asia in the financial sector, Howard Wheeldon, senior strategist at BGC Partners, told CNBC.com.

  • Anti-Gaddafi rebel runs away as smoke rises following an air strike by Libyan warplanes.

    Fears that the world economy is facing another downturn are being overplayed, despite the political upheaval caused by recent unrest in the Middle East and the earthquake and subsequent tsunami in Japan, Jim O'Neill, chairman of Goldman Sachs Asset Management, said.

  • Having analyzed the impact on the dollar of numerous wars and military interventions in the Middle East since 1973, Bank of New York Mellon is telling investors that the greenback should hold up well as the international community imposes a no-fly zone over Libya.

  • igindex_trader_headset_200.jpg

    Defaults in euro zone sovereign debt and a major fall in US stocks and are unlikely before 2013, according to a research report by Smithers &Co.

  • Don't get too caught up in this rally, the "Mad Money" host said.

  • AC Milan Marks 25th Anniversary Of Berlusconi's Presidency - Party - Arrivals

    Premier Silvio Berlusconi has sat down with the enemy, telling an opposition newspaper that he is too old to have had all the sexual encounters he is accused of by Italian prosecutors.

  • A Rescue worker wipes his forehead after carrying a body from the rubble of a village destroyed by the devastating earthquake March 16, 2011 in Kesennuma, Miyagi province, Japan.

    The world economy is still very fragile and the impact of the Japanese earthquake and the nuclear crisis is distressing, Stephen Roach, non-executive chairman at Morgan Stanley, Asia, told CNBC in an interview.

  • EU building flags brussels

    Jean Monnet, the father of European integration, once remarked that “Europe will be forged in crises, and will be the sum of the solutions adopted in crises.”

  • "I think this whole thing is a Ponzi scheme in which governments that are already in deep red ink are trying to generate more red ink," Niall Ferguson, history professor at Harvard University, told CNBC.

  • German Chancellor Angela Merkel

    Markets have cheered a surprisingly broad European package of measures to tackle the government debt crisis that has over the past year threatened the existence of the euro currency.

  • eu building brussels

    Friday night’s deal in Brussels was only made possible by sovereign downgrades and skyrocketing bond yields that still have the potential to push the periphery countries over the edge.

  • Wealthy Saudi investor Prince Alwaleed bin Talal expressed confidence in Citigroup's earnings potential and also called for the bank to issue a dividend to shareholders.

  • The grand opening Louis Vuitton shop in Hong Kong.

    LVMH, the French luxury goods conglomerate, is to take a controlling stake in Bulgari, the Italian jewelry house, in an all-share deal, the Financial Times reported.

  • Traders tell me stock markets are down in Europe today over fears about how its world class exporters could be hit by rising oil prices, specifically in emerging markets.

  • Protests in Libya

    Italy—and the Italian Prime Minister Silvio Berlusconi—have more exposure to the crisis in Libya than most.

  • lisbon portugal

    Following in the footsteps of Greece and Ireland, the Portuguese market looks set for a speculative attack, Silvio Peruzzo, European economist at RBS in London, told CNBC.

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    Italian stocks faced continued volatility Tuesday amid escalating violence against Libyan protesters who want veteran ruler Muammar Gaddafi to step down.

  • Euro bills

    Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.

  • On April 6, 2011, Italian Prime Minister Silvio Berlusconi is scheduled to stand trial for charges stemming from his relationship with Karima el-Mahroug, a nightclub dancer who performs under the name Ruby Heart-Stealer. According to the charges, he paid el-Mahroug for sex while she was still underage, and when she was arrested for theft, he used his political muscle to have her released from police custody. Berlusconi has been in this type of trouble before, but it’s widely speculated that this

    Click to see international political scandals that raised eyebrows and kept the tabloids in wide circulation.