Fitch became the third ratings agency to downgrade Hungary's debt to "junk" status on Friday, invoking further deterioration in the country's fiscal and external financing and growth outlook and the government's "unorthodox" economic policies.
The euro is under pressure and Switzerland's top central banker is under fire - it's time for your FX Fix.
European Central Bank (ECB) governing board member Christian Noyer said on Friday that sovereign debt issuances across Europe were going better since the start of an ECB 3-year liquidity operation for banks last month.
France's bond auctions have been “reassuring” so far and the country will persuade investors that it is a safe place for their money, French Budget Minister Valerie Pecresse told CNBC in an interview Thursday.
Creating a stronger currency union will take time, and the two leaders should concentrate on putting out the immediate fire first, by finding ways to boost growth, analysts told CNBC.com.
With the euro having another rough day, here's how to play investors' sour mood.
The euro is weaker, S&P futures are down, and European banks are still parking money with the European Central Bank. Spain weaker on reports it is seeking International Monetary Fund loans.
A German bond auction underwhelms and the dollar lifts - it's time for your FX Fix.
The downturn in the euro zone's vast private sector economy eased slightly towards the new year thanks to an upturn in Germany, although the region still looks firmly on course for recession, surveys showed on Wednesday.
Instead of hosting celebrations for the 10-year anniversary, policy makers appear to be staying as quiet as possible, as if hoping not to upset the brief calm that has come with the holiday season. The New York Times reports.
With experts talking openly about a potential breakup of the euro zone, here's the vocabulary you need to be in the know.
In 2011 investors had a lot to worry about. The euro zone crisis, credit rating downgrades, slowing growth, crisis in North Africa and the tragic nuclear and natural disasters which hit Japan all led to a relentless 12 months of market volatility.
UK chief financial officers (CFOs) see the break - up of the European single currency as the greatest threat to their businesses in 2012, a survey from the accountancy firm Deloitte showed on Tuesday.
Seasonal factors on top of fundamental challenges are weighing on the euro.
Discussing three ways to make money in the $4 trillion currency market, including the falling euro; profiting from payrolls; and gold's bearish move, with CNBC's Melissa Lee and the Money in Motion traders.
Concerns over the European debt crisis and jobless claims headed into 2012, Robert Brusca, Fact and Opinion Economics chief economist and Andrew Root, Macquarie Group head of U.S. research weigh in on what investors can expect from the new year.
The euro stays weak, the yen gets a lift, and Poland makes a move - it's time for your year-end FX Fix.
The International Monetary Fund (IMF) should resist pressure from European Union leaders to take part in inadequate bailout programs for European countries, Mohamed El-Erian wrote in the Financial Times.
The euro’s dramatic slide to the year’s lows in light trading is a likely prelude to more weakening in the New Year and highlights the long haul ahead for the euro zone’s debt crisis.
The Italian bond auction: they got it done, but yields are still too high and demand was tepid