New EU banking regulation must focus on institutions’ individual business models, rather than simply their size, Jacques de Larosière, co-president of think tank Eurofi told CNBC.
The question whether the single European currency will survive the current crisis is "silly", Otmar Issing, president of the Center for Financial Studies and a former ECB board member told CNBC.
Demand may be strong for bonds issued by periphery euro-zone countries but those countries must restructure their debt at some point because yields are unsustainably high, two economists told CNBC Wednesday.
The ANSA news agency says Italian financial police have seized euro23 million ($30 million) from an account in the Vatican bank in an investigation into money laundering.
Ireland's four- and eight-year sovereign bond auctions saw strong demand, pushing the euro higher versus the dollar.
Investors are anxiously waiting for Ireland's auction of longer-term government bonds later Tuesday to see whether demand for periphery euro-zone debt is still going strong despite fears that gripped markets Friday.
A planned auction for Irish government bonds is likely to go ahead despite jitters concerning the country's banks and debt that roiled markets Friday, analysts said Monday.
Irish stocks fell Friday, dragged down by weak banking shares while the cost of insuring the country's sovereign debt soared to a new record high after analyst comments brought the former Celtic tiger's banking sector problems back into the limelight.
A strong rally for stock markets is likely in the fourth quarter but the US economy faces sluggish growth, especially if the Bush tax cuts are not rolled over, Bob Parker, a senior adviser at Credit Suisse, told CNBC Friday.
The European Union's proposals to revamp the derivatives sector are actually likely to benefit the banks that are already too big to fail, risk consultant Satyajit Das told CNBC Thursday.
There is unlikely to be a double-dip recession, while the fact that stimulus spending was helpful in containing the crisis is undisputable, Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), told CNBC Monday.
The historic banking reforms agreed in Basel over the weekend are pointless and won't stop the next crisis destined to hit the markets, Alpesh Patel, principal at Praefinium Partners, told CNBC Monday.
The global recovery looks to be slowing more than expected as growth weakens in the world's rich economies, and monetary stimulus should be extended or stepped up if the slowdown proves more than momentary, the Organisation for Economic Co-operation and Development said on Thursday.
The Swiss franc's safe-haven reputation helped it hit a new high against the euro, but the currency's strength risks hurting those who have relied on its vigor.
The new rules that will be imposed on banks to ensure a crisis like the one that started in 2007 will not be repeated are necessary, but they will take time to implement, Unicredit CEO Alessandro Profumo told CNBC at a banking conference in Frankfurt.
The European Union agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.
The Wall Street Journal has been analyzing the results of the European banking stress tests and wrote in a story published Tuesday that "some banks didn't provide as comprehensive a picture of their government-debt holdings as regulators claimed."
The rest of the year will be "less buoyant than the second quarter" and the ECB remains "very cautious and prudent," ECB President Jean-Claude Trichet told CNBC in an exclusive interview.
"No actor, no product, no sector, no territory should no longer be able to escape sensible and intelligent regulation and supervision," Michel Barnier, the EU Commissioner for financial services, warned in an interview with CNBC.
When the European Union stepped in this spring with a €750 billion ($955 billion) rescue package to back Europe’s weaker economies, the threat of imminent default practically disappeared, the New York Times reports.