Inquiring minds are poring over the ESM Treaty to see how it is supposed to work in theory, assuming it will be ratified by counties with the required 90% of EMU voting rights.
Germany warned it could not save the eurozone alone and borrowing costs left Spain on the ropes as Italy and France held crisis talks aimed at tackling the debt crisis on Thursday.
...in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potentia
The Bank of England is to offer money to high-street banks to kick-start mortgage and small business lending to prevent loans being rationed for many families and entrepreneurs, the Chancellor announced.
Jiang Xiangsong has 18 days to pay a 2 million yuan ($314,000) bank debt or his suitcase company in eastern China will go bankrupt.
In 2007, the real estate firm Cushman & Wakefield said that Ermou Street in Athens was the 10th most expensive shopping street in the entire world.
I believe, no,” is how Italian Prime Minister Mario Monti answered the question if Italy would seek a bailout..
Markets are shooting higher after rumors from G20 sources that central banks are planning for coordinated liquidity measures, according to Reuters.
Here's What You Need To Know
Then, in something we have not seen reported anywhere else, we received contact from a reader, Pierre J., who told us that bank branches are limiting withdrawals now almost everywhere in France.
After about 20 hours of door-to-door traveling from New York, I've finally arrived at my hotel in Athens, which is about two blocks away from Syntagma Square, the square in the center of the city where you see all the protesting.
Everyone knows that Europe is in the middle of a major debt crisis. The most immediate problems include Greece and Spain. Other countries that have received bailouts include Portugal and Ireland.
The Lobby Of The Athens Hilton Is Freakishly Quiet
There are consequences to investing any level of confidence in a financial system underpinned by debt and the creation of paper currency.
Last week we reported that European hedge fund managers were liquidating their European assets to reduce exposure. Now it appears that the lend-happy Chinese will be doing the same.
The concept of what we know today as “America” was alive and well in Venice during the Middle Ages; Venice was a place where, with guts, hard work, and a little bit of luck, you could become very wealthy and live the Venetian Dream.
Brazil is widely celebrated for having some of the world's best beaches, soccer, and Carnival festivities. Wines? Um, no.
This weekend, the Spanish Parliament reversed a 2010 ban on advertising by Spanish prostitutes and brothels "'because of the recession," according to local media.
With just over two months to go before the Summer Olympics, we're wondering — can London escape the "Olympic Curse"?
Indian industrial production grew just 0.1 percent year-over-year (YoY) in April, and manufacturing which accounts for 75 percent of the industrial output index also grew just 0.1 percent.
EU leaders will finalize the terms of the Spanish bank bailout, Greeks will vote (again), and investors will bite their nails over Italy.
Alexis Tsipras has rarely been on good terms with Greece's establishment.
A new World Bank program offers so-called “smart cards” to people who have very little access to regular banks.
Here's the full transcript of our interview with Ólafur Ragnar Grímsson, who has been President of Iceland since 1996, and announced last month he would be running for a fifth term.
Demand for safe haven currencies surged in May when investors were panicked about the Greek elections and weak economic data coming from the US, UK, eurozone, China and India.
While France is preoccupied with the legislative elections next weekend, Germany and Austria plunge into intense public soul searching about the euro, its meaning, its relevancy, the sheer and endlessly growing expense of maintaining it.
European finance officials have discussed as a worst-case scenario limiting the size of withdrawals from ATM machines, imposing border checks and introducing capital controls in at least Greece should Athens decide to leave the euro.
Italy closed down 2.8 percent, Spain fell 0.5 percent, and yields soared in Spain and Italy as any enthusiasm vanished about a Spanish bank bailout.
Europe in deep crisis
Hollande About to Wreck France With Economically Insane Proposal: "Make Layoffs So Expensive For Companies That It's Not Worth It"