What may have seemed like timid or even bumbling leadership is looking more like a consistent strategy of brinkmanship aimed at remaking the euro zone in Germany’s likeness. The New York Times reports.
The reforms Chancellor Merkel is pushing—hard caps on national government deficits--will ensure either the ultimate demise of the euro, years of economic stagnation or worse.
The European debt crisis has revealed that the euro zone is in a final phase and cannot be saved as a single entity, David Murrin, chief investment officer at Emergent Asset Management, told CNBC Tuesday.
A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.
GOP presidential hopeful Newt Gingrich discusses what he would cut from the Federal budget, tax cuts, President Obama, Ron Paul's negative ad against him, his 15-point lead in the latest Gallup poll, and why he would make a stronger candidate than Mitt Romney.
GOP presidential hopeful, Rep. Michele Bachmann (R-MN), discusses the Iowa polls and what it will take to propel her to the top. Also, she explains her tax plan, saying she wants to abolish the tax code, repeal Obamacare, get rid of Dodd-Frank and make sure everyone pays their fair share, including those who pay no tax now.
Investors are pricing in sizable currency volatility in 2012 - and that has trading implications for you.
"Central and Eastern European countries were initially regarded with caution in the European Union. But we have brought useful new knowledge, freshness, openness and substantial economic potential to the EU," the President writes.
Sen. Kay Bailey Hutchison (R-TX) discusses the battle on Capitol Hill over extending the payroll tax cut and unemployment benefits.
An executive in charge of controlling risk within MF Global raised concerns a few times last year about the increasing number of bets on European bonds by Jon S. Corzine, the company's former CEO, the Wall Street Journal wrote on Tuesday.
GOP presidential candidate, Jon Huntsman explains why he will not be attending the upcoming debate hosted by Donald Trump, and what makes him a true conservative.
Standard and Poor's should've waited at least a week to announce it had put 15 European Union nations on its CreditWatch for potential downgrade, said the chairman of tire maker Pirelli.
The euro is holding firm against the dollar, boosted by optimism on Italian austerity measures and the Merkel-Sarkozy meeting, with Marc Chandler, Brown Brothers Harriman.
Now that the euro has bankrupted Greece and pushed Italy and other Mediterranean states to the brink, Angela Merkel proposes tough, EU-administered disciplines on national deficits.
Markets appear to have high hopes for this week’s summit meeting in Europe to begin putting an end to the financial crisis. Yet there’s ample reason to believe the market’s hopes will be dashed again. Here's why.
European leaders huddle and the euro lifts - it's time for your FX Fix.
Senate Democrats plan to unveil a new plan today to extend the payroll tax cut. Democrats have previously offered to pay for the tax cut with a new surtax on millionaires. Sen. Ron Johnson, (R-WI), weighs in. "I view the payroll tax as a contribution to the retirement fund," he says.
As the German chancellor, Angela Merkel, and the French president, Nicolas Sarkozy, are about to meet in Paris, CNBC's Annette Weisbach in Frankfurt and Stephane Pedrazzi in Paris discuss what will be on the meeting's agenda.
Beijing has underlined its concern that an economic slowdown could lead to social unrest in China, with the country’s security chief urging local officials to do more to prepare for the “negative effects of the market economy”.
Where is the growth and optimism message from the GOP field? Keith Boykin, former Clinton White House aide; Dinesh D'Souza, "The Roots of Obama's Rage" author; and Matt Lewis, The Daily Caller, discuss