European Union leaders Friday agreed to forge ahead with a new deal on economic governance without the support of the U.K., but they again balked at marshaling the large sums experts believe will be necessary to ensure financing for Italy and Spain a
Grupo Gowex (GOW), a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it expects Spain to exit the euro. German machinery maker GEA Group AG is setting maximum amounts held at any one bank.
BRUSSELS — European leaders, meeting until the early hours of Friday, agreed to sign an intergovernmental treaty that would require them to enforce stricter fiscal and financial discipline in their future budgets.
French President Nicolas Sarkozy has warned that "never has the risk of disintegration been greater" for Europe in a speech in Marseille.
The president of the European Commission appealed to EU leaders on Thursday to set aside their differences and unite to rescue the euro from a sovereign debt crisis that is menacing the world economy.
Economic powerhouse Germany played down hopes Wednesday that a crucial debt summit will save the euro as French President Nicolas Sarkozy warned the risk of a eurozone "explosion" was very real.
Forget the millions of Europeans affected, the EU won’t even bother to put its attempt to seize control over member state economies to a vote amongst its own parliamentary cronies, preferring instead to change the Lisbon Treaty under powers Eurocrats
As EU technocrats attempt to seize total control over national economies by exploiting the eurozone debt crisis to empower and enrich their own corrupt institutions, top banks like UBS are on hand to supply a helpful deluge of doomsday rhetoric in or
Many Greeks are draining their savings accounts because they are out of work, face rising taxes or are afraid the country will be forced to leave the euro zone. By withdrawing money, they are forcing banks to scale back their lending -- and are inadv
It's worth revisiting why the memory of hyperinflation has seared itself into the minds of many Germans, and how it's shaping their thinking and the future of the euro itself.
A branch of the Greek central bank. Bank deposits are falling rapidly. Many Greeks are draining their savings accounts because they are out of work, face rising taxes or are afraid the country will be forced to leave the euro zone.
The threat from Standard & Poor’s that Europe’s six biggest economies may see their top-notch ratings downgraded has thrown some grit into the risk asset rally.
“This is still an insolvent economy,” said Constantin Gurdgiev, an economist and lecturer at Trinity College in Dublin. “Just because we’re playing a good-boy role and not making noises like the Greeks doesn’t mean Ireland is healthy.”
German Chancellor Angela Merkel flatly rejected any quick-fix ideas to try to resolve the European financial crisis, telling lawmakers Friday that treaty changes and a stricter fiscal union were the only path forward - a process could take years.
Germany (AP) -- The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic, swept in Wednesday to shore up the world financial system by making it easier for banks to borrow American do
Wall Street enjoyed a big jump Wednesday morning, after a coordinated action by central banks around the world to provide more liquidity to the global financial system.
The Fed's latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed.
Need a reason to explain the massive central bank intervention from China, to Japan, Switzerland, the ECB, England and all the way to the US? Forbes may have one explanation: "It appears that a big European bank got close to failure last night.
International companies are preparing contingency plans for a possible break-up of the eurozone, according to interviews with dozens of multinational executives.
One of America's leading economic professors, Dr. Thomas Carl Rustici, of George Mason University and Georgetown University recently granted an interview to Alasdair Macleod, Senior Fellow of the GoldMoney Foundation. The two discussed the economic
We won't focus too much on the reasons why Deutsche Bank just cut its forecast for European 2012 GDP from +0.4% to -0.5%: needless to say it is yet another ploy to force the ECB's hand to print, and not even DB is ashamed to admit it
Why now? Because the increase in core yields, the failure of that German bund auction, and the increase in Spanish and Italian short-term yields, as well as the tightening of money for the banks, means it's all almost over...
S.D. Shibulal of Infosys in an exclusive interview at the Reuters India Investment Summit 2011 talks about the impact of the European crisis as well as the depreciation of the Indian Rupee and the impact that is having on the company and its clients.
To some people, the European Central Bank seems like a fire department that is letting the house burn down to teach the children not to play with matches.
• 21 November 2011, Fox News - Your World, with Neil Cavuto - Neil Cavuto talks to Nigel Farage MEP, UKIP, Co-President of the EFD Group in the European Parliament (Europe of Freedom and Democracy)
Banks in states roiled by Europe’s sovereign-debt crisis may be partly shielded from extra costs when they seek government guarantees, according to two people familiar with the situation.
The private banks want to avoid any losses either by forcing the Greek, Italian, and Spanish governments to make good on the bonds by imposing extreme austerity on their citizens, or by having the European Central Bank print euros with which to buy t
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.
...a Robust Chinese Currency, and an Ugly Chinese Property Bubble Burst
Europe is falling apart. Yields are rising. France’s debt no longer looks safe. And Germany can’t sell its bonds. The failure of the German bond auction earlier this week was the latest shock. It tells us that pressure on the ECB is mounting.