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European Central Bank Jean-Claude Trichet

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  • european_union_crack2_200.jpg

    Greece needs a collective effort by itself, the International Monetary Fund (IMF) and the rest of the euro zone members to resolve the crisis, according to Zhu Min, Deputy Managing Director, who spoke to CNBC from the summer meeting of the World Economic Forum in Dalian, China.

  • Riots in Italy Continue Thursday, 15 Sep 2011 | 6:05 AM ET
    Riots in Italy Continue

    CNBC's Michelle Caruso-Cabrera has the update on riots in Italy ensuing as a final austerity package has been aprroved.

  • Steinbock: Europeans are Turning into Finns Monday, 12 Sep 2011 | 11:03 AM ET
    Finland

    As the euro zone enters the most dangerous phase of its debt crisis, bailout patience is eroding in the fiscally responsible tier of the zone. While Brussels wonders whether the Finns have become Euro-skeptic, the reality is the reverse. Europeans are turning into Finns.

  • 'Nobody's Leaving the Euro': OECD Secretary-General Monday, 12 Sep 2011 | 5:04 AM ET

    Angel Gurria, secretary-general of the Organisation for Economic Co-Operation and Development, issued a strong defense of the euro over the weekend.

  • ECB Credibility Fears Raised by Stark Resignation Monday, 12 Sep 2011 | 4:46 AM ET
    Outgoing European Central Bank’s executive board member Juergen Stark

    It has been another dramatic weekend in the euro zone. On Friday, Germany’s representative on the European Central Bank's governing council, Juergen Stark, resigned in protest at the bank's decision to buy Italian and Spanish bonds. He will be replaced by German deputy finance minister Joerg Asmussen.

  • 'Only a Matter of Time' Before Greek Default: Bove Monday, 12 Sep 2011 | 3:22 AM ET
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    Greece is unable to repay its debts, according to Richard Bove, banking analyst at Rochdale Securities, and given that the euro zone banking system has yet to mark sovereign debt holdings to market, many banks will be forced to raise new capital.

  • Loonie Slips, Euro Sags, Economies Drag Friday, 9 Sep 2011 | 8:17 AM ET
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    Currency intervention gains steam, economic reports lose it - it's time for your FX fix.

  • ‘Stupidity’ Created Euro: Wetherspoon Chairman Friday, 9 Sep 2011 | 6:06 AM ET
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    The euro is nothing more than an economic mirage because it lacks the essential building blocks of a long-term secure currency, according to Tim Martin, chairman of UK pub restaurant chain JD Wetherspoon.

  • Greece

    The boss of the Greek debt office (PDMA) has told CNBC that Friday is not the deadline for the debt swap plan.

  • NYSE Traders

    Markets Friday will debate the merits of President Obama's $447 billion jobs package and monitor G-7 finance ministers, who meet in France against a backdrop of weaker global growth and fears of financial contagion from Europe.

  • High Noon Approaching for Greece? Thursday, 8 Sep 2011 | 10:04 AM ET
    The Parthenon in Greece

    The Greek tragedy in several acts would appear to be approaching a climactic moment. The warnings coming out of Berlin all week have been hard to ignore: "Greece either puts up or shoves off" would seem to be the blunt message being offered.

  • Dutch PM Calls For Europe Budget Tsar Thursday, 8 Sep 2011 | 1:09 AM ET
    european_union_cracked_200.jpg

    The European Union should appoint a new budget tsar with powers to dictate taxes and spending in euro zone countries and who could ultimately adjudicate whether countries should be kicked out of the euro, the Dutch prime minister has argued in the Financial Times.

  • Thursday Look Ahead: Big Day for Policy Talk Wednesday, 7 Sep 2011 | 9:27 PM ET
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    Markets will be watching three major policy speeches Thursday, including President Obama and Fed Chairman Bernanke, but the speaker that may be most dramatic may be out of Europe.

  • European Stocks Fall Sharply as Debt Fears Hit Banks Monday, 5 Sep 2011 | 12:23 PM ET
    Close-up of a pen on stock price chart

    European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.

  • Don't Bet on a 'United States of Europe' Monday, 5 Sep 2011 | 2:03 AM ET
    EU building flags brussels

    The man who ran Germany when the euro began trading has an idea to save the euro zone: the creation of a "United States of Europe."

  • Crunch Week Begins for Italy; Government Under Fire Sunday, 4 Sep 2011 | 8:58 AM ET
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    The Italian government is still wrangling over how best to balance its budget, losing credibility with key leaders and opinion formers.

  • IMF and Euro Zone Clash Over Estimates Thursday, 1 Sep 2011 | 12:32 AM ET
    European Central Bank

    International Monetary Fund staff have provoked a fierce dispute with eurozone authorities by circulating estimates showing serious damage to European banks’ balance sheets from their holdings of troubled eurozone sovereign debt. the FT reports.

  • Inflation Could Become a Problem in 2013 Tuesday, 30 Aug 2011 | 11:30 AM ET
    Inflation Could Become a Problem in 2013

    "Inflation fears at the start of the year were always something I was skeptical about and which I always thought were overdone," Bob Parker, senior advisor at Credit Suisse, told CNBC. However, he added he was concerned that inflation could become an issue in 2013.

  • IASB Criticizes Greek Debt Writedowns Tuesday, 30 Aug 2011 | 1:30 AM ET
    The Parthenon in Greece

    Some European financial institutions should have taken bigger losses on their Greek government bond holdings in recent results announcements, according to the body that sets their accounting rules in a letter seen by the FT.

  • Central Banks Cannot Go Bust—But Can Cause Trouble Monday, 29 Aug 2011 | 5:16 AM ET
    Financial Crisis

    With speculation growing that the Fed could pull the trigger on QE3 next month and the ECB buying up bonds in the euro zone, analysts at ING in Amsterdam have been asking if it is possible for a central bank to go bust.