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Central Banks European Central Bank

  • Spain

    Blowout Spanish auction, is the European Central Bank program working? You have to think it's having an effect.

  • European Central Bank

    A break-up of the euro would be “absurd” and “unthinkable,” Vítor Constâncio, Vice-President of the European Central Bank (ECB), told CNBC Tuesday.

  • Recession-themed newsprint cuttings

    The U.S. economy next year won't look all that different from this year, with low growth but little chance of recession, Goldman Sachs' chief economist Jan Hatzius told CNBC Monday.

  • Stability for Europe?

    Depending on Goldman Sachs' economic forecast for 2012, the eurozone may see gradual stabilization in late 2012. CNBC's Maria Bartiromo speaks to Jan Hatzius, Behind the Report chief economist regarding 2012 predictions.

  • Global Markets Update: Draghi Says Analysis of Euro Zone Breakup Cost Due

    European shares slide as the ECB's Draghi says nothing about bond buying in speech. The ECB's Constancio says a euro zone breakup is unthinkable. Spain's incoming PM wants to reduce the deficit by $21.6 billion. Saab plans to liquidate after a Swedish court accepts its bankruptcy application. Oil stocks fall on weak economic recovery. And ratings agency Fitch says it's skeptical about Europe's ability to tackle its debt crisis. With Keith McCullough, Hedgeye Risk Management.

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    The brawl has made for cracking entertainment. It's been a super-fun read. But it's time for government officials in the United Kingdom and France to shut their traps and get their heads back into the game of saving the euro zone's economy.

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    The main topic of discussion this morning was Mario Draghi's interview in the Financial Times, where he warned that any country trying to leave the euro zone would still face austerity measures and would be "in a much weaker position." He reiterated no increase in the current bond buying program, and no printing money.

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    The euro may have had a rough week, but this strategist sees a way it could reverse course - sharply.

  • Mario Draghi

    Mario Draghi has warned of the costs of a euro zone break-up, breaching a taboo for a president of the ECB, even as he sought to play down market expectations about the bank’s role in combating the sovereign debt crisis. The FT reports.

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    Kim Jong Il KOs the won, and the euro eases as investors get edgy - it's time for your FX Fix.

  • German Chancellor Angela Merkel and France's President Nicolas Sarkozy speak at a meeting on debt crisis.

    The year ahead will see slow global economic growth combined with political uncertainty to create to a similar outlook for  stock markets to 2011 with a significant chance of continued stock market volatility, according to a research note published by HSBC’s global head of equity strategy, Gary Evans.

  • Mario Draghi warned of the costs of a euro zone break-up, breaching a taboo for a president of the European Central Bank, in an interview with the Financial Times.

  • France Finance minister Francois Baroin (R) poses next to US Finance minister Timothy Geithner (L) eyed by French central bank governor Christian Noyer on October 14, 2011 at the 'Cite de L'Architecture' in Paris, prior to a working dinner, on the first day of the G20 meeting of Finance Ministers and Central Bank Governors.

    The governor of France’s central bank has said Britain is more deserving of losing its top-notch credit rating than France as Paris braces itself for a potential downgrade of the country’s triple A status.

  • Money Match Up

    Will S&P downgrade Europe? The currency trade behind a potential downgrade, with CNBC's Melissa Lee and the Money in Motion traders. And a bullion breakdown. Does the gold rout this week prove the dollar is a more valuable property?

  • Moody's gave Belgium a two-notch downgrade, from Aa1 to Aa3, the equivalent of an S&P/Fitch AA- rating.

  • Bill Gross of PIMCO participates in a conference on the future of housing finance at the Treasury Department in Washington, DC.

    The Federal Reserve will keep interest rates low for "three, four, or five years," which is why Pimco is jumping into mortgage-backed securities in a big way, Bill Gross told CNBC Europe Friday.

  • Yields on short-term peripheral sovereign bonds are plunging, despite the fact that EU leaders appeared to make little progress at their highly-anticipated summit last week.

  • European Central Bank

    Surfing the yield curve: Someone is buying an awful lot of European debt recently, particularly at the short end. Huh? Isn't European debt toxic? Well, sort of. But the ECB will have a new long term lending facility (up to 3 years) that will soon come into effect. This was all part of the announcement last week.

  • Global Markets Update: Euro Comes Off 11-Month Low

    U.S. futures are up following yesterday's gains. European shares rise, led by mining stocks. Fitch downgrades Goldman Sachs, Deutsche Bank, Credit Suisse, BNP Paribas and Barclays. The euro is off its 11-month low. Italian PM Monti faces a confidence vote on a 33 billion euro austerity package. And gold rebounds while crude stays steady. In Asia, better-than-expected U.S. economic data lifts the markets in a mixed session.

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    An extended bank holiday in the European Union to halt a steep market fall, a third party candidate winning the race for the White House, and 50 European banks being nationalized are just a few of Saxo Bank's "outrageous predictions" for 2012.