Greece has a 436 million euro principal repayment due Tuesday. So far, the country has not decided what to do.
Angela Merkel’s conservatives failed to win back power in Germany’s most populous state on Sunday in an election widely seen as a key test for the German chancellor and her austerity-driven crisis-fighting strategy.
Huge protests in Madrid, firebombs hitting tax offices in Italy, and voters in Northern Germany showing their anger toward an incumbent leader. Just another weekend in euro land, where the chances of economic recovery and political agreement on how to get there appear less likely by the hour.
The situation in the euro zone has become so bleak that it is giving rise to rumors the euro will be tied to the dollar at close to parity, a dramatic fall, which would have severe implications for the US and China. The Financial Times reports.
Greece's president summoned party leaders on Saturday for one final attempt to avert new elections, but the effort looked doomed to fail after politicians deeply divided over austerity plans said they would stick to their guns.
Turning world events into winning trades. And the Spanish government announces plans to save a battered banking system, with CNBC's Melissa Lee and the Money in Motion traders. Also, will Greece leave the euro zone, with Carolin Schober.
Michael Novogratz, Fortress Investment Group principal, offers investing advice, adding that there's a 70% chance Greece will stay in the euro zone. James Tisch, president and CEO at Loews Corporation, weighs in.
Spain will be offered more time to hit the budget deficit targets it agreed with the EU but only if Madrid meets new conditions, including an independent audit of the restructuring plan for its troubled banks. The FT reports.
Walking through his high-ceilinged factory here, explaining the production of sheets of copper, M. Brian O’Shaughnessy comes across as a staunch advocate of manufacturing in America.
The head of Greece's Radical Left Coalition, Alexis Tsipras, told CNBC Thursday he will "go as far as I can" to keep Greece in the euro zone despite declaring earlier this week that the Greek bailout agreement is “null and void” and should be abandoned.
As shares in Bankia slid further away from their listing price on Wednesday, questions were being asked about the wisdom of having created and floated the Spanish lender in the first place.
After several failed efforts to restore confidence in their sickly banks, European governments face growing pressure to change course and give the European Union more power to shore up the region’s shakier lenders, the NY Times reports.
The European Central Bank is indebted to the hilt and is beginning to look like one of the banks it has done so much to save, according to the author Satyajit Das.
Andrew Busch, BMO Capital Markets, assesses the euro's direction.
The ongoing trajectory in Greek politics could lead to a scenario under which the Greek government chooses, or is forced, to leave the euro within the next year, Credit Suisse said in a note to clients on Wednesday.
German lawmakers likely will delay a vote on the euro zone's fiscal compact on budget discipline because the country's main opposition party wants to insert growth-focused measures into the pact, a coalition source told CNBC.
The sooner Greece leaves the euro the better, according to venture capitalist Jon Moulton.
Just weeks ago, the idea that Greece would leave the euro zone was almost unthinkable. Now, with Greece’s newly empowered political parties refusing to abide by the terms of the country’s international loan agreement and Europe’s leaders talking tough, that outcome is looking increasingly likely. The NYT reports.
Noted market bear Nouriel Roubini has called the ongoing political turmoil in Europe a "slow motion train wreck." Speaking to CNBC in Las Vegas, Roubini said he expects Greece to leave the euro zone by next year.
House Speaker John Boehner (R-OH) says the House is working to stop a gigantic tax increase and it's time for the Senate to get to work, with CNBC's Maria Bartiromo.