GO
Loading...

Enter multiple symbols separated by commas

Economic Regions PIIGS

More

  • italy_rome_200.jpg

    The European Central Bank has been urged to increase access to its funding to Italian banks by the head of UniCredit as the euro zone crisis puts further strains on money markets, the FT reports.

  • How Painful Would an Euro Zone Exit Be? Very. Wednesday, 16 Nov 2011 | 4:44 AM ET
    European Central Bank

    The euro crisis rumbles on.  Prime ministers are changing as a direct result of the currency’s troubles, although really what this illustrates is that the countries affected were already in a lot of economic trouble anyway; it’s just that their membership of the euro currency union speeded up the change in government.

  • Loss of Confidence in CDS Means Trouble: Economist Monday, 7 Nov 2011 | 2:33 AM ET
    european_union_crack2_200.jpg

    The agreement on the size of the haircut on Greek debt banks will take could have serious consequences for all the so-called PIIGS according to Carl Weinberg, the chief economist at High Frequency Economics.

  • European Central Bank

    A month-long rally for stocks and a European Union deal on its debt crisis have lifted investors' mood, but at least one economist is amazed at the reaction to Europe’s latest attempt to solve its sovereign debt woes.

  • EU Leaders Didn't Listen on Debt: Trichet Monday, 31 Oct 2011 | 2:33 AM ET
    Jean-Claude Trichet

    Too many European Union leaders did not understand the gravity of the Greek debt situation following years of failure to adhere to rules on borrowing, the outgoing boss of the European Central Bank told CNBC. 

  • Europe's Most Luxurious Hotels Tuesday, 25 Oct 2011 | 11:37 PM ET
    With the euro zone in crisis and the U.S. economy sluggish at best, luxury breaks in some of the world's best hotels might not be at the top of everyone's priority list, but premium hotels are doing surprisingly well, according to research by American Express Business Insights.Looking at hotel sector trends in Europe from the 2008 downturn to the first quarter of 2011, Sujata Bhatia, vice president of AMEX Business Insights for Europe and Asia, found that luxury accommodation is rebounding more

    Premium hotels are doing surprisingly well thanks to visitors from the US and BRIC nations.  CNBC takes a look at fourteen of the grandest hotels in Europe.

  • global_markets_2_200.jpg

    The finance chiefs of the world's leading economies opened the door Saturday for the International Monetary Fund to play a bigger role in fighting the eurozone's escalating debt troubles.

  • G20 Strains Cast Shadow Over Paris Friday, 14 Oct 2011 | 3:08 AM ET
    global_market_downturn_200.jpg

    Discord over the euro zone crisis, currencies and global economic governance threatens to overshadow the Group of 20 finance ministers meeting in Paris on Friday and Saturday, the FT reports.

  • First Aid is Not a Cure for Euro Zone Crisis Wednesday, 12 Oct 2011 | 2:24 AM ET
    EU building flags brussels

    Should we feel confident that the crisis will soon be over? No. At least, nobody now sees the euro zone crisis as a little local difficulty. It has become the epicenter of an aftershock of the global financial crisis that could prove even more destructive than the initial earthquake, writes Martin Wolf in the FT.

  • How Long Can the Rally Based on EU Hopes Last? Tuesday, 11 Oct 2011 | 2:26 AM ET
    NYSE_trader_worried3_200.jpg

    Since August the market has been very volatile. Huge market swings for stocks added to a sense of crisis as investors fretted over Greek default, the global banking system and a slowdown in the US economy.

  • Spain Likely to Miss Growth Forecasts: Minister Wednesday, 5 Oct 2011 | 2:33 AM ET
    Spain

    As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.

  • Fear and Loathing in the Euro Zone Wednesday, 28 Sep 2011 | 12:41 AM ET
    European Central Bank

    A positive feedback loop between banks and weak sovereigns is emerging, with a potentially calamitous effect on the euro zone and the global economy, Martin Wolf writes in the FT.

  • ECB Steps Up Purchases of Italian, Spanish Bonds Thursday, 22 Sep 2011 | 5:03 AM ET
    European Central Bank

    The European Central Bank was buying Italian and Spanish government bonds in the markets on Thursday, traders told CNBC.

  • Public Transport Grinds to Halt in Greek Capital Thursday, 22 Sep 2011 | 3:50 AM ET
    The Parthenon in Greece

    Austerity-weary Greeks lashed out against more tax hikes and pension cuts with a new round of strikes, with public transport workers, taxi drivers, teachers and air traffic controllers walking off the job Thursday.

  • Soros: US Is Already in Double-Dip Recession Thursday, 22 Sep 2011 | 1:51 AM ET
    George Soros

    Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.

  • POLL: Crisis Management Wednesday, 21 Sep 2011 | 1:04 PM ET
    eu_flag_93.jpg

    The IMF has been credited with alleviating past financial crises  - but has the IGO been helpful this time around?

  • Euro Land May Face Full-on Bond Meltdown: Economist Tuesday, 6 Sep 2011 | 1:56 AM ET
    Recession-themed newsprint cuttings

    Sometimes a summer vacation can set you up for the autumn, allowing you some-hard earned rest to recharge the batteries before returning to the office, light of heart and confident about the prospects for the rest of the year.

  • 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.

  • 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.

  • Fully Fledged Credit Crisis May Be Ahead: Author Friday, 26 Aug 2011 | 3:07 AM ET
    Trader at London Stock Exchange, England.

    The world could be heading into another fully fledged credit crisis, according to Satyait Das, the author of Extreme Money: Masters of the Universe and the Cult of Risk.