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Central Banks European Central Bank

  • Europe Inaction Will Trigger QE3

    Alec Young, Global Equity Strategist, S&P Capital IQ says that Europe will cut interest rates at its next meeting, but If Europe does not solve its crisis soon, the Fed will likely embark on QE3.

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    The euro lifts, and British pound slips, and the Afghan currency don't get no respect — it's time for your FX Fix.

  • Governor of the Bank of England Mervyn King

    The Bank of England is on the verge of approving another round of monetary stimulus, with Governor Mervyn King supporting an extra 50 billion pounds ($78.5 biillion) of gilt purchases, minutes to its June 6-7 policy meeting showed on Wednesday.

  • Greece might be in economic crisis mode and getting productivity levels up might take time, but there are signs of improvement according to one economist.

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    In Spain, misinformation and cover-ups have undermined Spaniards' trust in their government and its plan for economic recovery, with repercussions that could resonate all the way in Brussels. The Christian Science Monitor reports.

  • The Federal Reserve headquarters in Washington, DC.

    The Federal Open Market Committee is beginning a two-day meeting, and these strategists have a trading plan.

  • Traders work on the floor of the New York Stock exchange on May 7, 2012 in New York City.Following weekend elections in both France and Greece that showed a growing frustration to German led austerity measures, global markets were shaken with The Dow Jones industrial average losing 39 points, or 0.3% in morning trading

    The Greek election had the right outcome: they decided to work within the system.  The problem is that there just isn’t much of a system, and the system doesn’t have any idea what to do next.

  • New Zealand

    The Greek election failed to provide a sustained lift to the euro, and this strategist has a plan to trade the weakness.

  • European Union Flag

    The Greek election result has simply postponed the finding of a lasting solution to the euro zone debt crisis to a later date and meetings between international leaders are not tackling the underlying issues, Richard Cookson, Global Chief Economist at Citi Private Bank told CNBC.

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    Russia is setting aside up to $40 billion for this year and next to shore up the economy in case the crisis in the euro zone escalates and spreads, and is dusting off a plan that would allow the government to recapitalize the country’s banking system.

  • A man makes a phone call next garbage in Athens due to a strike by municipal and public sector workers.

    The new government of Greece, expected to be announced within days, will need some more “breathing room” from its international creditors, a rising star within the conservative New Democracy party has warned.

  • European Union Flag

    A relief rally that gathered steam on Monday lasted less than an hour in Europe as investors weighed a Greek election result seen as reducing the risk of a euro exit against concerns over Spain's high levels of debt.

  • The Federal Reserve headquarters in Washington, DC.

    The U.S. central bank will most likely ease monetary policy when it meets this week as recent data point to a worsening labor market and the crisis in Europe intensifies, Goldman Sachs said.

  • G20 Meeting: Where's the Leadership?

    CNBC's John Harwood reports on the details of President Obama's comments on the Greek election; and CNBC contributors Steven Rattner and Tony Fratto, and Steve Forbes of Forbes Media, weigh in. "At the end of the day, the voters are going to understand that President Obama saved this financial system and this economy," says Rattner.

  • The former Greek Prime Minister, George Papandreou

    The "drama" in Greece has to end for the sake of Greece itself and the euro zone, George Papandreou, former Prime Minister of the country, told CNBC Monday.

  • The Parthenon, illuminated at night, sits at the top of Acropolis hill in Athens, Greece, on Monday, Feb. 13, 2012.

    The likelihood of Greece exiting the euro zone over the next 12 to 18 months remains between 50 and 75 percent even after pro-bailout parties that plan to stick to European Union-imposed austerity won a victory in Sunday's elections, analysts at Citigroup Global Markets, the brokerage and securities arm of Citigroup, said on Monday.

  • A voter places his sealed and stamped ballot paper into a ballot box in the second round of the Greek general elections, at a polling station in Athens, Greece.

    Investors expressed relief over the projected victory of pro-bailout parties in the Greek elections on Sunday, but they quickly turned their attention to the structural problems in southern Europe that continue to threaten the global economy, the New York Times reports.

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    While the victory of pro-bailout parties in Greece brought cheer to the markets on Monday, one expert warns it will not go a long way in boosting the debt-laden country’s economic prospects.

  • G20 Meeting Preview

    Ian Bremmer, President at Eurasia Group says to expect more conversations between major central banks at the G20 meeting.

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    New Democracy may have won the largest share of the vote in the Greek elections which have held markets in thrall for weeks — but leader Antonis Samaras is unlikely to be cracking open the ouzo quite yet.