CNBC confirms Greek denial of weekend default rumors and details on ECB board member Juergen Stark's resignation, with CNBC's Guy Johnson and Silvia Wadhwa.
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Scott Bugie, Financial Institutions, S&P, managing director, and Jeffery Harte, Sandler O'Neill discuss restoring order to the sovereign debt market and avoiding a double dip in European economies.
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European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.
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"We have talked about this before and we could be talking about it [a Tobin tax] for years to come. We don't know if this is going to gain momentum but if it does the presumably the Swiss will have to follow suit," Jane Foley, senior currency strategist at Rabobank told CNBC. "The UK would...
Financial stocks are under pressure this morning on worries of a transaction tax.. A check on European market action and where the euro is headed, with CNBC's Julia Chatterley.
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The leaders of France and Germany, under pressure to resolve the euro zone's debt crisis once and for all, have laid the ground for the next stage of European integration.
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Euro zone countries pledged in July to obtain parliamentary approval for key Stability Fund powers. It's taking a dangerously long time for the markets.
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UK finance minister George Osborne has called upon his Euro Zone peers to do whatever it takes to ensure stability, indicating a so-called Euro Bond to avoid a disastrous break up of the euro.
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The euro fell to fresh five-month lows against the yen in Asia on Thursday and looked set to stay under pressure as worries about the euro zone sovereign debt crisis spread to the region's banking sector.
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