Nicolas Sarkozy

When the plan to save Dexia came out a couple of weeks ago, some saw it as a precursor for the plan to save Europe as a whole. Not so fast. The European Union is going to have a summit held this weekend to talk about how to solve the fiscal problems of European banks, leveraging up the €440...

European Central Bank President Jean-Claude Trichet warned the European Parliament in Brussels on Tuesday that the financial crisis facing the eurozone is systemic and that Europe's leaders must take decisive action in order to prevent it from escalating and spreading. Trichet will soon be stepping...

Okay, so the equity markets on spiking on news from over the weekend that Dexia SA was going to be "saved," and that German Chancellor Angela Merkel and French President Nicolas Sarkozy have agreed upon a "plan" to save Europe. Well that's all good and well, except there is no real plan, and the...

Dexia SA agreed to sell its Belgian banking retail operations to the Belgian government for 4 billion euros ($5.4 billion) in order to prevent the Belgian-French financial institution from going bankrupt. Dexia had recently lost access to short term funding because of concerns over its debt...

George Soros penned an article this morning that he thinks we are headed towards another Great Depression. You know what, he's right. Europe is on the verge of a collapse, and unless something gets done relatively soon, (perhaps as soon as the next few weeks), Europe is likely to experience their...

Yesterday on CNBC, Steve Liesman reported that there are plans being discussed high up in the Eurozone about potentially leveraging the existing funds (some €440 billion) to shore up bank capital, in a plan very similar to the TARP program that was enacted in the United States back in 2008....

The markets were dealt another blow on Wednesday when Moody's Investors Service downgraded two of France's biggest banks and placed a third on review. Societe Generale and Credit Agricole were downgraded, while Moody's said that it would take more time to review BNP Paribas. There had been...

We got news out of Germany this morning that the German constitutional court approved the Euro Financial Stability Fund, and the first Greek bailout. While this was expected, the court did make sure to note that the ruling was tight, which could be a sign for next time that things will not go as...

Greece is still burning, and now there is speculation that we could see Greece leave the Eurozone. There were two headlines this morning that touched on Greece leaving, and what would happen. German Chancellor Angela Merkel was apprised of Greece potentially leaving the Eurozone. Essentially, it...

Huge news out of Bloomberg, especially if it winds up becoming true. According to the New York-based financial publication, European Union regulators may start drafting legislation for a Eurobond to help control the debt crisis, which appears to be spiraling out of control. This is a stark...

By David Becker (eToro Blog) The benchmark U.K. index was lower at Wednesday's close after a summit between French president Nicolas Sarkozy and German chancellor Angela Merkel failed to reduce fears over the Eurozone's debt crisis.  Worse-than-expected U.K. employment data also created a...

The much anticipated press conference between French president Nicolas Sarkozy and German Chancellor Angela Merkel was nothing short of a disaster earlier, and equity markets plunged as soon as they started opening their mouths. The two biggest points of the press conference were both seen as...

Here are some highlights from the much anticipated press conference between French president Nicolas Sarkozy and German Chancellor Angela Merkel: -They are committed to shoring up the Euro currency. -They will present ambitious measures to the EU's Van Rompuy in a letter with proposals. -...

In just a few minutes, we will get word from the meeting of Nicolas Sarkozy and Angela Merkel on the health of the European Union. The ex-marketing chief of Dutch grocer Royal Ahold NV pleaded guilty to conspiracy.

German Chancellor Angela Merkell and French President Nicolas Sarkozy are scheduled to meet Tuesday, to discuss and develop a plan for strengthening the political ties between European nations currently wrapped up in the eurozone debt crisis. The big question ahead of Tuesday's meaning is whether...