The Eurozone’s policymakers are running behind warnings, and warnings are running behind the crisis. Big Bazooka 2, bailouts, printing money, and Eurobonds are only partial solutions to systemic problems and too little too late.
About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The New York Times reports.
The euro got a bit of a lift on talk of a new grand plan, but this strategist says it's an opportunity to sell the single currency against another.
Market chatter about a European recession is increasing but Christian Noyer, governor of the Bank of France, told CNBC on Monday that despite an expected weak fourth quarter, the French and Italian economies are not as bad as it seems.
After a week that saw stocks fall heavily and euro zone borrowing costs rise sharply, a report in the Italian press highlighted just how eager for some kind of action the market is.
The funding hole for European banks is deepening following a sharp fall in bond issuance this year as market turmoil leads to a region-wide credit crunch, the Financial Times reports.
With talk of a possible euro zone breakup on the rise, here's way to value some possible outcomes.
Italy's bond auction is a flop, and human currency traders haven't done much better - it's time for your FX Fix.
More and more analysts looking at the euro zone predict that another recession is inevitable, as banking sector tensions combined with political wrangling over the debt crisis will depress consumer confidence further.
The euro zone's "garlic belt" states (Greece, Italy, Portugal and Spain) will have to endure deflation to catch up in competitiveness with the other, "butter belt" members, according to a report by research firm Smithers & Co.
Société Générale has initiated legal proceedings against Associated Newspapers following a Mail on Sunday article which incorrectly claimed that the bank was on the “brink of disaster” and in “a perilous state,” the Financial Times reports.
The euro zone's formidable couple—Merkozy, as the media calls German Chancellor Angela Merkel and French President Nicolas Sarkozy—were on the brink of divorce more than once.
German Bunds extended losses on Thursday one day after a disappointing bond sale sparked fears the debt crisis was taking a toll on the euro zone's power house, but cheaper bond prices could lure investors back into the perceived safe-haven asset.
German bonds aren't selling, yields on Spanish and Italian bonds are squeezing, and the euro is showing the strain. Good thing someone's dispensing tough love.
The euro zone has weapons to tackle the current debt situation, but will need to activate the EFSF with more conviction and larger scale for it to be effective, Sir John Gieve, former deputy governor of the Bank of England, told CNBC.
The British fret over Europe and Germany's bond auction disappoints - it's time for your FX Fix.
The euro zone will end up issuing joint Euro Bonds, which would help support weaker members, Irish Finance Minister Michael Noonan told CNBC Wednesday.
Brussels will on Wednesday propose measures giving it more authority over the national budgets of euro zone states, including a requirement to submit tax and spending plans to European Union authorities before their national parliaments. The FT reports.
The European debt crisis, which has pummeled global markets and is taking a heavy toll on its banks, is threatening to spill over into the Asian banking sector as the region’s lenders calculate their own exposure to the crisis — direct or otherwise. The FT reports.
You know all about the January effect for stocks, but history suggests the euro could get interesting in December.