Did euro area policymakers finally pull a real live rabbit out of the hat? The headlines from Friday's summit are certainly impressive, advancing much quicker than expected and delivering the surprise of allowing the EFSF to intervene in the primary debt markets.
Stocks across Europe are indicated to drop sharply when trading starts Tuesday pulled down by a major selloff in Japan and weakness across the rest of Asian markets.
Markets have cheered a surprisingly broad European package of measures to tackle the government debt crisis that has over the past year threatened the existence of the euro currency.
Friday night’s deal in Brussels was only made possible by sovereign downgrades and skyrocketing bond yields that still have the potential to push the periphery countries over the edge.
European shares are seen opening lower on Monday as markets continue to look at the impact of the earthquake and tsunami that hit Japan on Friday.
Euro zone heads of states led by German Chancellor Angela Merkel and Frech President Nicolas Sarkozy presented an agreement Friday on the European Fnancial Stability Fund that the parties hope will finally draw a line under the euro crisis.
Euro zone leaders have agreed to coordinate their economic policies more closely — more or less.
European shares look set for a lower open on Friday ahead of Saudi Arabia's "Day of Rage" and the European Union Summit in Brussels.
Debt crisis? What debt crisis? The EU leaders want to work on their competitiveness pact at their March 11 meetup. Expect the euro to continue slipping.
European futures fell further on Thursday after Moody's announced that it had downgraded Spain's sovereign debt by one notch to Aa2 with a negative outlook.
Local residents in a small town north of Athens, angry at losing their exemption from paying tolls for using a 500m stretch of motorway, raised a banner saying “Den Plirono” (“I won’t pay”). In four months, Den Plirono has grown to a nationwide anti-austerity movement, reports the Financial Times.
Around the world, people’s relationship with alcohol varies greatly. In some places it is a point of national identity, in others it has become detrimental to a country's overall health.
If the European Central Bank raises rates, people will wonder whether the central bank is taking the position of country's facing debt problems into account, John Bruton, former Taoiseach (Irish Prime Minister) told CNBC Wednesday.
European shares look set to open slightly lower Wednesday as on mixed Asian markets and lower oil.
The moment of truth for Europe's sovereign debt crisis may be far closer than investors think.
For the first time in three years, owners report solid job creation, according to the National Federation of Independent Business' latest survey. Bill Dunkelberg, NFIB's chief economist discusses the results with CNBC's Steve Liesman
European stocks are set to buck the recent trend of losses, at least for the start of trading, and open higher Tuesday on lower oil and mixed markets in Asia.
The European Central Bank was guilty of a “major failure of supervision” in not restraining lenders from fueling the property bubble in Ireland, says a former prime minister, the Financial Times reports.
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European stocks look set to open lower on Monday as ongoing unrest in Libya sent U.S. and Brent crude to new 2-1/2 year highs.