Laurence Summers, former Treasury Secretary, weighs in on Greece's stability, saying if Greece is not a part of the euro, they will not likely have access to the ECB, which would have consequences on the stability of the Greek banking system.
S&P 500 futures point to New York stocks declining 0.5 per cent at the opening bell. European shares also fell today, dragged lower by banks on concerns about the outcome of the euro zone debt crisis after finance ministers imposed further conditions before approving a rescue package for Greece. Asian shares ended lower as investors remained concerned about Greece's commitment to debt restructuring.
For all the struggles that Greece has gone through to satisfy its demanding lenders, Europe’s troubles are not going away, the New York Times reports.
Greek political leaders said they had clinched a deal on economic reforms and spending cuts needed to secure a second bailout, but euro zone finance ministers demanded more measures and a parliamentary seal of approval before providing the aid.
The euro shrugged news of a Greek debt deal, but this strategist thinks the fun isn't over.
Lots of people have written about how ridiculous it is that the Federal Reserve claims its loans to the European Central Bank are "secured."
Greek talks go down to the wire, and central banks hold steady - it's time for your FX Fix.
The European Central Bank’s injection of cheap money into the European banking system last December has taken the pressure off the euro zone politicians for the moment, but they still have to take further action, a German economist told CNBC.
The European Central Bank is widely expected to leave interest rates on hold on Thursday, reassured by signs that the economy started 2012 on a brighter note and hopeful that more cheap loans to banks at the end of this month will get them lending to each other again.
The European Central Bank’s second injection of long-term liquidity into markets could reach as much as 1 trillion euros ($1.33 trillion), analysts predict.
Greek political leaders failed early on Thursday to sign off on a tough reform and austerity program, the price of a new international bailout for the nation, but Prime Minister Lucas Papademos said they would try to strike a deal within hours.
Weekly jobless claims is the big number for markets Thursday, as Greece edges closer to a rescue package.
Stephen Fidler at the Wall Street Journal outlines a plan for the European Central Bank to accept less than face value on the Greek bonds it has purchased.
Greek crisis? What Greek crisis? Near term, this strategist likes the euro.
The strategy for the euro as rates hits its highest levels in two months on hopes that Greece is closer to resolving its debt issues, with MacNeil Curry, Bank of America Merrill Lynch head FX & rates technical strategy.
There are three key periods of the current stock market rally, Graham Neilson, chief investment strategist, Cairn Capital, told CNBC Wednesday.
The euro is rallying on fresh hopes that Greek politicians can agree to austerity measures that could secure them a much-needed second bailout from their euro zone peers.
Another batch of the riskiest mortgage-backed securities once owned by the American International Group are being auctioned off this week, according to two people familiar with the matter, a sale that would bring the insurance giant’s 2008 meltdown once step closer to a resolution.
For months now, a big investor has been betting billions of dollars that two of Europe’s most wounded countries will bounce back from the beating they have taken during the region’s debt crisis, the New York Times reports.
The slow progress in Greece’s debt talks will hang over markets Wednesday, as investors also watch one of the last big blasts of the quarter’s earnings news.