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  • Nouriel Roubini

    Withdrawing economic stimuli and tightening monetary policy are difficult choices, but asset bubbles are cropping up, Nouriel Roubini told CNBC in Davos.

  • ** FILE ** Euro coins fall out of the hands of a person in Frankfurt, central Germany, Feb. 4, 2007. The euro set an all-time high against the dollar Friday, April 27, 2007, buying US$1.3682 as fears about a U.S. economic slowdown mounted amid signs of weak growth. L(AP Photo/Michael Probst)

    The European Central Bank will start phasing out the measures it took to boost liquidity at the height of the crisis and it cannot cater to the needs of individual countries with problems, Axel Weber, ECB governing council member, told CNBC Wednesday.

  • ** FILE ** Euro coins fall out of the hands of a person in Frankfurt, central Germany, Feb. 4, 2007. The euro set an all-time high against the dollar Friday, April 27, 2007, buying US$1.3682 as fears about a U.S. economic slowdown mounted amid signs of weak growth. L(AP Photo/Michael Probst)

    The budget problems of EU members Portugal, Ireland, Greece and Spain have made the unflattering acronym, PIGS, common parlance in global economic circles, such as that of the World Economic Forum's annual meeting in Davos, Switzerland this week.

  • flower_dress_640.jpg

    Held at the iconic Somerset House in London's West End, the catwalk shows and exhibitions highlighted the UK's place in the global fashion landscape along with featuring new talent.

  • Strommasten in Bonn am Montag, 15. Januar 2007. In der Bundesregierung gibt es gegensaetzliche Haltungen zu der von der Europaeischen Union geforderten Zerschlagung der Stromkonzerne. Nach Wirtschaftsminister Michael Glos (CSU) signalisierte auch Umweltminister Sigmar Gabriel (SPD) seine Bereitschaft fr entsprechende Plaene. Dagegen warnte Aussenminister Frank-Walter Steinmeier (SPD) vor einem solchen Schritt. (AP Photo/Roberto Pfeil) ---Power poles in Germany by Bonn, Monday, Jan. 15, 2007. (AP

    With big companies like BP, Shell and Iberdrola scaling back investment in renewable energy, analysts say governments need to pick up the slack.

  • Bonds look more attractive than stocks in the current climate, as share prices may take another dive, and investors should worry about preserving the money they have rather than making any more, Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.

  • Even in times of global financial downturn, you can be sure of one thing people will continue to buy and consume: beer. It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)

    It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)

  • Euro_strikes_cover.jpg

    Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.