Greater fiscal and political union is needed in Europe, and will be discussed by euro zone leaders within months, Joaquin Almunia, EU Competition Commissioner, told CNBC Saturday.
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"True European fiscal union is something we will probably not see for another ten or twenty years," Alan Capper, head of credit strategy at Lloyds Banking Group told CNBC. He added that some countries within Europe were dealing with "generation long" economic problems and that some members of...
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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A new round of fiscal warfare is in store for the US over the coming months as a new congressional committee is formed to find extra savings from the most sensitive areas of the budget, the FT reported.
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The retarding factors in the economic slowdown are being somewhat alleviated, and the Fed is changing its policy, ending QE2 this month, says Richard Fisher, Federal Reserve Bank of Dallas president/CEO, with CNBC's Steve Liesman.
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The Fast Money traders weigh in on retail trades; and radical fiscal changes proposed in the eurozone send euro higher, with Dennis Gartman, The Gartman Letter.
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