The leaders of the three parties in Greece's coalition government have failed to agree on a package of spending cuts worth 11.5 billion euro, which the Prime Minister says are crucial to restoring the country’s financial credibility.
NYU economist Nouriel Roubini was on Bloomberg TV this morning giving his thoughts on the ECB's new bond-buying plan announced yesterday.
Fantastic paragraph and sentence here from Nomura bond strategist George Goncalves
My 2-year old nephew in Australia loves getting postcards. He already associates me with frequent traveling.
The ECB had its work cut out for it today – markets have rallied considerably over the past month ahead of the big ECB announcement detailing its bond-buying plan this morning.
Hands down, the title for the world's ugliest unemployment chart has to go to Greece, which just announced June unemployment of 24.4%.
That's the term Goldman is going with to describe the new ECB bond buying scheme that will likely be announced tomorrow.
My 2-year old nephew in Australia loves getting postcards.
Summer vacation is over and things are about to get very interesting in Europe.
Germany's Constitutional Court holds the fate of the euro in its hands when it rules next week on whether a crucial euro zone financial rescue fund can go ahead.
The eurozone is running out of bailout cash, and the German Constitutional Court now holds the fate of Europe in its hands.
The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on, Europe must decide whether to give the country yet more help or cut it loose.
The Greasy PIIG No, not some new Barbecue restaurant in Kansas City or Memphis but our old favorite haunt including and surrounding Athens.
Cristina Odone's European break has made her realise that Britain's not doing so badly after all.
Germany’s economy minister has rejected calls for Greece to get more time to implement economic reforms, saying in an interview Sunday that Athens needs to respect the bailout deal reached with its international creditors.
So bad it is universally known as the "pigsty", Italy's electoral law is at the center of political instability that is stoking fears the euro zone's third-largest economy could topple into a Greek-style debt crisis.
THE PRIME MINISTER of Greece has made a surprise announcement to Le Monde newspaper: that his country is ready to put some of its uninhabited islands up for sale.
Are you willing to bet against three of the wealthiest men in the entire world? Jacob Rothschild recently bet approximately 200 million dollars that the euro will go down.
A new note out from Citi's Steven Englander tries to assess the latest state of play with regardes to ECB bond buying, the Greek situation, and so forth.
SocGen economist Michala Marcussen has a fantastic note out this morning putting together some of the puzzle pieces to figure out what's going to happen next in Europe.
Banking titan places $200 million dollar short against single currency
Measuring the 'contentedness' during this summer of total comfort is tricky.
NYU economist Nouriel Roubini is worried that Europe may be throwing good money after bad as it hooks up peripheral banking systems to ECB life support.
"Only the living can kill the dead." – Abraham Lincoln: Vampire Hunter
An appeal by Germany’s government for generous-hearted citizens to help wipe out the country’s debt has fallen short… by over two trillion euros, Der Spiegel reported Friday.
Problem in Europe is Arithmetic, Not Confidence; Why the Eurozone Cannot Possibly Survive Intact
The euro eased on Monday after making significant gains, with many investors wary of buying the currency on caution about how effective action pledged by European policymakers to resolve the euro zone crisis would be.
Belarus expelled Sweden’s ambassador Friday saying he tried to “destroy” ties with the ex-Soviet state run by authoritarian President Alexander Lukashenko, after a pro-democracy stunt by a Swedish firm.
This morning Deutsche Bank announced that it would lay off 1,900 people — 1,500 of whom would be in the investment banking sector (read the release here).
The European Central Bank will release its latest monetary policy decision tomorrow, and it's likely to take some action to keep the financial system afloat for at least the next few month or so.