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Europe Top News and Analysis Italy

  • Nouriel Roubini

    Despite Thursday's unexplained surge in selling that drove the Dow down 900 points, the stock markets are being driven lower by fears over the global economy and the debt crisis spreading, economist Nouriel Roubini, of RGE Monitor, told CNBC Friday.

  • Jim Rogers

    The suspected erroneous trades that exacerbated the Wall Street's fall on Thursday should be investigated and solutions must be found if the New York Stock exchange is to maintain its reputation, investor Jim Rogers told CNBC late Thursday.

  • Euro bills and coins

    'Eurocrats' can't see the fanciful construction of the euro is going to collapse, just like the 1930s gold bloc, says this economist.

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    Panic has gripped stock markets worldwide over the Greek debt crisis and the threat of a debt-deflation contagion through banks in Europe (primarily) and the U.S. that own the bonds of Greece, Portugal, Spain, and so forth. If these bond asset prices collapse totally, lending facilities would be badly crimped for both the short and long term.

  • The Parthenon in Greece

    Lazard has been hired to assist Greece with its finances. The speculation is Lazard has been hired to assist Greece with a restructuring of its debt. That, of course, has been denied. These guys always deny, deny, deny until it's done.

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    The market is already beginning to ask if the German public and the EU have the stomach for a rescue package for Portugal, Spain, Ireland and even for Italy.

  • Huge moves up in the yield of Greek paper and a growing concern about other EU members and their ability to grow out of large budget deficits has investors thinking twice.

  • Swiss Bank

    Financial regulations could significantly influence UBS' profitability in both the near and long term and they will constrain the Swiss bank from resuming dividend payments, CFO John Cryan told CNBC Tuesday.

  • Debtor Nations

    For now, Greece has been saved but at what cost? The sums involved are staggering and could have been much lower if the euro zone's governments had appreciated the size and scale of the problem earlier and learned the lessons of history.

  • Greek communist protesters draped banners on the Acropolis. May 4, 2010.

    Despite yields on Greek debt falling after the bailout deal, analysts and investors warn that there are still pitfalls that could threaten the single European currency.

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    European officials are finally getting spurred into action by the danger of contagion and sources in the City say Greek debt is a screaming buy.

  • Debtor Nations

    Had Frau Merkel listened to Herr Schaeuble from the beginning, a lot of time and money would have been saved.

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    While Portugal and Spain are the most recent targets of S&P downgrades, Italy or even Ireland could be next.

  • But that’s no reason to sell stocks, he says. Here’s how you survive the debt tsunami crossing the Atlantic.

  • Traders at the NY Stock Exchange

    A lack of competitiveness, not credit default swaps (CDS), brought Greece to the brink of financial catastrophe, former Greek Finance Minister Yannos Papantoniou told CNBC.com Wednesday.

  • The market reaction to the debt crisis in Greece and the euro zone has spooked investors across the world and led to heavy selling of stocks. But is the crisis actually impacting real businesses, given Greece makes up only two percent of euro zone gross domestic product?

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    Germany's reticence to come to the rescue of the Greek government has been widely criticised across the euro zone.

  • Whispers of contagion are sending a chill through bond markets, while the euro is likely to fall further and things don't look pretty for stocks. Smart money is likely to go into gold.

  • Nouriel Roubini

    The sovereign debt crisis will get worse and bond vigilantes could move on to even bigger economies like the United States and Japan when they are done sweeping through vulnerable European nations, according to economist Nouriel Roubini.

  • Euro bills

    The man who is likely to succeed Jean-Claude Trichet as the President of the European Central Bank told CNBC that the Greek bailout will be implemented soon and dismissed the idea that the euro zone is at risk of falling apart.