Europe’s economic and monetary union as constructed does not work and the euro zone needs some collective and determined leadership according to Jim O’Neill, the chairman of Goldman Sachs Asset Management.
European stocks are expected to open lower on Monday following heavy selling of equities on Thursday and Friday of last week.
Traders in the City of London, one of the financial districts of the UK capital, see a market environment where trust has all but evaporated and the best course of action is often to do absolutely nothing.
The US and European Union pose divergent threats to a global economic recovery and despite weak growth in the United States, the euro zone debt crisis is more likely to impede a recovery, Paul Donovan, deputy head of Global Economics told CNBC.
An almost across-the-board flight from risk assets continued on Friday, as European shares flirted with 2-year lows. But with technical analysts saying that stocks might be oversold and continued concerns over the security of sovereign debt, some analysts say that now might be the time to buy equities.
A viewer tweeted me last week (@louisabojesen) saying "Don't phone lines exist between Berlin and Paris? Why was the face-to-face meeting necessary between French President Nicolas Sarkozy and German Chancellor Angela Merkel?"
European stocks were expected to open lower on Friday after plunging to their biggest daily fall since March 2009 on Thursday amid renewed fears over funding for banks in Europe and concerns that the US recovery is stalling.
Even as France and Germany were proposing new euro zone reforms, Finland was inking its own deal with Greece. Now others want in.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
European stocks were expected to open lower on Thursday tracking losses in the United States and in Asia after hitting a 1-week closing high on Wednesday, when they recovered from early losses following the lack of a resolution to the euro zone debt crisis at Tuesday's Franco-German summit.
The Merkel-Sarkozy proposed fix for Europe is a "step in the right direction," but a "revival" of the transaction tax could drive customers from Europe to banks in emerging markets and the U.S., Deutsche Bank CEO Josef Ackermann warned.
Investors were hoping for more than they got from the meeting between Frances's Nicolas Sarkozy and Germany's Angela Merkel. Here's what to do now.
European stocks were expected to open lower on Wednesday after a highly anticipated meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel failed to calm markets.
Euro zone countries pledged in July to obtain parliamentary approval for key Stability Fund powers. It's taking a dangerously long time for the markets.
As calls intensify for much greater fiscal union in the euro zone and the creation of a eurobond, analysts told CNBC that such measures — while necessary to contain the debt crisis — are politically untenable, leaving euro zone leaders caught between a fiscal rock and a political hard place.
Food inflation may have been an abstract concept for Italian senators up until last week – that is, before the public got hold of a copy of the Senate restaurant menu that has reignited the debate over parliamentary perks.
European stock index futures fell in early trade on Tuesday, pointing to a drop in equities, after data showed German gross domestic product growth slowed more than expected in the second quarter. Germany's Angela Merkel meets France's Nicholas Sarkozy later on Tuesday.
After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.
European stocks were expected to open higher on Monday, but investor sentiment remains cautious as concerns over the fragility of the global economic recovery persist.
Paul Gambles, Managing Partner at MBMG International says Italy's crisis can be salvaged with adequate measures.