CNBC Europe Top News and Analysis
In European Debt Crisis, ‘The Street Has Taken Control’
23 maggio 2012 By
BOE’s Decision In May Ignored Deterioration Of Eurozone Crisis
23 maggio 2012 By
The BOE unveiled in the minutes for the May meeting that, while the members voted unanimously to leave interest rates unchanged, they were split in the asset purchase program. David Miles opted for increasing the size of purchases by 25B pound while Adam Posen indicated he might join Miles’ camp
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Should the ECB Be Doing More to Contain the Crisis?
23 maggio 2012 By
Charlie Parker, Investment Editor, Citywire, told CNBC, “The ECB has provided hundreds of billions of euros it will probably provide hundreds of billions more, but the problem is this is all crisis management, you take the scaffolding down and you see nations with massive competitiveness problems.”
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How Do You Fix the Euro Zone Crisis?
23 maggio 2012 By
David Nowakowski, director of fixed income strategy at Roubini Global Economics, told CNBC, “There are really three crises going on at the moment, the fiscal crisis is just one of them and Trichet’s plan to declare certain states bankrupt tries to deal with that, but there is also the balance of payment crisis and the banking crisis that need to be dealt with as well.”
CNBC Europe – European Closing Bell – Video RSS
Euro At Risk for Major Drop As Eurozone Crisis Intensifies
23 maggio 2012 By
There is nothing more poisonous for markets than fear and uncertainty. The ongoing turmoil in the Eurozone has done a good job of fueling this panic. Market participants can hardly think clearly right now and the environment is extremely reminiscent of the environment in the US markets in the early…
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New Brad Pitt Gangster Movie Takes On Financial Crisis
23 maggio 2012 By
Heist of the century: Wall Street’s role in the financial crisis
22 maggio 2012 By
Bernard L Madoff ran the biggest Ponzi scheme in history, operating it for 30 years and causing cash losses of $ 19.5bn. Shortly after the scheme collapsed and Madoff confessed in 2008, evidence began to surface that for years, major banks had suspected he was a fraud. None of them reported their…
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IMF says Britain must relax austerity if eurozone crisis escalates
22 maggio 2012 By
The IMF said in its annual review of the UK that Britain should prepare a Plan B of temporary tax cuts and increased infrastructure spending as the best way to support the economy should the eurozone crisis escalate.
“Fiscal easing and further use of the governments balance sheet should be co…
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This is a Sovereign Debt Crisis, Not a Banking Crisis: Pro
22 maggio 2012 By
MPC Posen warns eurozone leaders must address region’s banking crisis
21 maggio 2012 By
Adam Posen, the Bank of England policymaker, said the eurozones undercapitalised banking system and not Greece is the real driver of the regions woes. Mr Posen, a member of the Banks Monetary Policy Committee, said eurozone governments must not be afraid to recapitalise and nationalise banks.
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