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Defense cuts 'hollowing out' European armies: U.S. envoy

BRUSSELS (Reuters) - Most European allies are "hollowing out" their armies as they slash Defense spending, casting doubt on whether Europe can remain a viable military partner of the United States, the outgoing U.S. ambassador to NATO said on Monday.Full story

Investors doubt U.S., European governments can cut debts by 2016: poll

LONDON (Reuters) - Governments in the United States and Europe will not be able to significantly cut their debts in the next three years, a large majority of investors believe, according to a poll published on Monday. Full story

Assad says Europe will 'pay price' if it arms rebels: newspaper

BERLIN (Reuters) - Europe will "pay the price" if it delivers arms to rebel forces in Syria, President Bashar al-Assad said in an interview with a German newspaper. Full story

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Analysis: European cloud computing firms see silver lining in PRISM scandal

French Socialists call for weaker euro, eased EU budget rules

G8 faces uncertain recoveries, turbulent markets

EU close to agreeing rules for insider trading in commodities

News Summary: European growth still on US agenda

European rights body says Hungary changes threaten courts

IMF head says 'very happy' with EU troika cooperation

News Summary: Europe TV chief views Greek channel

Analysis: U.S. plastics from gas threaten European petchem industry

Seven charged in scandal threatening Czech PM: CTK agency

Video

  Todd: NSA revelations 'do not play well' in Europe

NBC News' Chuck Todd joins Morning Joe from Dublin, Ireland to discuss President Obama's speech before the beginning of the G-8 summit.

  Global Markets: India Leaves Key Interest Rate Unchanged

CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks rise ahead of the Fed meeting later this week.

  Case for austerity continues to crumble

President Obama is headed to Ireland for the G8 summit, where austerity is the topic on everyone’s minds. Economist Jared Bernstein and Heather McGhee from Demos.org discuss the crumbling case for austerity and the need for more investments.

  The Week Ahead: Fly high like a G-8

NBC's Domenico Montanaro previews the week ahead in politics, including President Obama's trip to Europe for the G-8 conference, the final debate in the Massachusetts Senate race, and the kickoff of Netroots Nation, a gathering of liberal activists.

  European Markets Close Narrowly Higher

The "Squawk on the Street" crew reports on all the market moving events in Europe today, following mixed economic reports from the U.S.

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Related Photos

Jose Manuel Barroso and Herman Van Rompuy hold a meeting with Shinzo Abe at a G8 summit in Enniskillen
Jose Manuel Barroso and Herman Van Rompuy hold a meeting with Shinzo Abe at a G8 summit in Enniskillen

European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy hold a meeting with Japan's Prime Minister Shinzo Abe at a G8 summit in Enniskillen, Northern Ireland June 17, 2013. REUTERS/Yves Herman (BRITAIN - Tags: POLITICS)

European Commission President Barroso and European Council President Van Rompuy hold joint news conference before start of a G8 summit in Enniskillen
European Commission President Barroso and European Council President Van Rompuy hold joint news conference before start of a G8 summit in Enniskillen

European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy hold a joint news conference before the start of a G8 summit in Enniskillen, Northern Ireland June 17, 2013. REUTERS/Yves Herman (NORTHERN IRELAND - Tags: POLITICS)

GERMANY-WEATHER-FLOOD
GERMANY-WEATHER-FLOOD

A third barge is being pushed to a broken dyke in Fischbeck, eastern Germany, on June 16, 2013. Two barges already were countersunk with intent to close the leak in the dyke. No official figure has yet been given for the cost of the damage in Germany from the floods which also deluged other central