Moody's Investors Service Friday left Italy's Aa2 foreign sovereign currency credit rating unchanged but reiterated that it remained on review for a possible downgrade.
When Europe sneezes, other markets get a cold. Just watch the Australian dollar.
In the new book, the authors examine past attempts to re-establish sustainable public finances - what works, what doesn't and why.
The recession call is not conclusive. I’m the first to admit it. And my optimistic instincts rebel against the downturn scenario. But facts are facts. They must be reported. And the numbers aren’t good.
For most of the summer, markets seemed to pick a different European country as their focus of their angst almost every day.PIIGS is a not too favorable term used by bond analysts, academics, and the press, to refer to certain countries of Europe. So which countries make up the PIIGS? Why are they important to track? CNBC explains.
Euro leaders squabble and the Russian ruble is rocked - it's time for your Friday FX Fix.
A collapse of Europe's monetary union would likely lead to a breakup of the European Union as a whole, posing significant risks to the region and even raising the possibility of war in the long term, Poland’s Finance Minister told CNBC.
Joint euro bonds are needed to solve the euro zone debt crisis, Societe Generale’s head of research, Patrick Legland, told CNBC Thursday.
German Chancellor Angela Merkel and French President Nicolas Sarkozy have both said that Greece will not leave the euro, but the "unthinkable" is now being seriously considered at all levels.
Central banks are coordinating to open up funding for European banks, and the euro is up on the news. Whether it will last is another story.
The arm-in-arm effort by central bankers to increase U.S. dollar liquidity in Europe is essentially a band-aid solution, and the euro is already backing off its gains.
IMF Managing Director Christine Lagarde made remarks at The Ronald Reagan Building in Washington ahead of the annual meetings of The World Bank and IMF. Lagarde said, "It is a dangerous phase of the crisis. But equally I think there is a way out and path to recovery."
Five of the world's largest central banks have announced a coordinated injection of dollars into banking systems, in response to growing concerns over liquidity problems in the euro zone. However, analysts say, they cannot solve the underlying solvency crisis.
There is nothing pretty about what's happening in Europe. But this strategist thinks the euro itself isn't looking so bad right now.
European leaders talk and talk, and hot money cools toward Asia — it's time for your FX Fix.
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.
U.S. Treasury Secretary Tim Geithner will travel to Poland on Thursday for a meeting with euro zone finance ministers set for Friday and attempt to push them to show leadership and get ahead of the euro zone crisis.
News that Germany and France are ready to stand by Greece and avoid it leaving the euro helped stocks to rally following a conference call between Angela Merkel, Nicolas Sarkozy and Greek Prime Minister George Papandreou on Wednesday.
Britain is to sue the European Central Bank for setting rules that allegedly handicap the City of London and would force one of the world’s largest clearing houses to decamp operations to the euro area.