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Italy's Prime Minister Mario Monti said his country will not seek a sovereign bailout, though Spanish Premier Mariano Rajoy, whom he met with on Thursday, dodged the question altogether as financial markets dropped sharply.Both leaders said at a joint press conference in Madrid that they welcomed European Central Bank president Mario Draghi's commitment that "the euro currency was irreversible."Draghi said the bank would make a new effort to buy government bonds to drive down the high borrowing rates squeezing the continent's indebted governments.However, markets were disappointed that, while Draghi had committed the ECB to action, the plan was short on detail.In Spain the benchmark IBEX-35 stock index reacted by plummeting 5.2 percent while the 10-year bond yield rocketed up to 7.06 percent, an unsustainably high level over the longer term.Monti said he did not consider Draghi's failure to produce a fully formed plan as "a step backwards." He said he and Rajoy had signed a joint state...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
Europe's economic outlook darkened further Thursday when top economists slashed their growth forecasts for Germany and warned that public support for more financial ...
The European Central Bank unveiled its most ambitious plan yet to ease Europe's financial crisis with a plan to buy unlimited amounts of government bonds to help low...
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
The head of the European Central Bank warned Thursday that the euro currency union is "unsustainable" without stronger political and financial ties, and called for a...
The European Union on Monday tightened sanctions on Syria and required member nations to board ships and airplanes carrying suspicious cargo to the country, as forei...
Divisions among the 27 European Union countries over increasing the region's €1 trillion budget deepened Tuesday as the region's two opposing camps set out their arg...
The head of the European Parliament on Monday decried as shameful the delay by some countries in approving €670 million ($850.5 million) to help Italy's Emilia Romag...
FBN's Ashley Webster on concerns over the European economy.
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
A rare double shot of good news about the U.S. economy sent stocks strongly higher Wednesday. The Dow Jones industrial average rose 92 points despite lingering fear ...
An Indian investigative agency has filed a murder case against two Italian marines accused of killing two Indian fishermen last year, news reports said Friday.The Pr...
Italy's inconclusive election has rattled markets and raised the fear that Europe's crisis over too much government debt could flare again after several months of ca...
Investors are keeping a wary eye on Italy as the country heads to the polls Sunday and Monday to elect a new parliament. They fear that a new government and prime mi...
Three and a half years into its government-debt crisis, there are signs that Europe is adopting a gentler approach toward austerity.Political leaders aren't backing ...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
An index of German investor optimism rose more than expected in December, suggesting market professionals think Europe's largest economy will avoid an outright reces...
The surprise announcement that Italy's Prime Minister Mario Monti is to resign is putting new stress on Europe's efforts to get control of its debt crisis.Markets in...
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