Bulgaria still wants to join the euro zone despite recent predictions that the single currency will collapse, but does not agree with a single tax rate in the currency area, Traicho Traikov, minister of economy for Bulgaria, told CNBC on Thursday.
The euro has had a nice move up on reports of actual progress by European leaders on the debt crisis. But this strategist has other ideas.
After the euro zone, the most common topic of this column has been the labor market. Unemployment is the biggest single issue for developed economies, now and for the next several years at least, and it has been disappointing, to say the least, to see the lack of effective response from policymakers so far.
Europe is in crisis mode, China cuts reserve requirements, and business is up down under - it's time for your FX Fix.
CNBC's Steve Liesman has the details of the pact that would enforce limits on debt and deficit.
"I think the idea that countries and regions can make policy independent of what else is going on in the world is pretty ludicrous, and yet we still seem to be presuming the best global policy is the arithmetic sum of some national policies. That's not working too well," Morgan Stanley Asia's nonexecutive chairman, Stephen Roach, told CNBC.
Jim Cramer has brilliantly posed the most important question facing the markets today when thinking about the impact of Europe: "Is there too much hope here?"
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.
Italy's government debt is unsustainable and needs an orderly restructuring to avoid a disorderly default, economist Nouriel Roubini wrote on Tuesday.
Short euro positions hit a high and the Australian dollar gets a lift - it's time for your FX Fix.
New technologies, open platforms, and better governance are helping to create cities that are both environmentally responsible and economically attractive. We are increasingly witnessing the growth of intelligent cities - cities which increasingly deliver services with the aid of so-called smart technologies.
Thanks to the European debt crisis, we’re now in what the “Mad Money” host calls DEFCON three—two stages away from a huge financial collapse.
Remember when it was cool to take sides against the demands of the IMF's restrictions on aid to Latin America?
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.
Guess where we'll be getting our cues from this week. From the bond markets and the politicians! Tadaaa! Fantastic! So something new to look for then! Unfortunately...not the case. Glancing at the agenda, the most important political event to be aware of is the Euro group meeting of Finance Ministers on Tuesday.
Christian Noyer, governor of the Banque de France, told CNBC, " I don't believe that at all, I see nothing in the fundamentals of France that would warrant a significant change in the external assessment of its economy."
John Noonan, Senior FX Analyst at Thomson Reuters says a newspaper report that the IMF could lend 600 billion euros to Italy is 'misleading'.
The stories that may well materialize in the next few weeks will be more heavily influenced by what happens this week to Europe's latest yield curve inversion, core bond rates, and policy announcements.
Italy's bond auction is a flop, and human currency traders haven't done much better - it's time for your FX Fix.
Hungary's economy ministry says a downgrade to junk status of the country's credit rating by Moody's has no real basis and is part of a series of "financial attacks" against the country.