Spanish banks are likely to need more money from the government to make sure they are well capitalized, Moritz Kraemer, head of European Sovereign ratings at S&P, told CNBC on Wednesday.
A currency play on the euro ahead of Germany's economic data, with Andrew Busch, BMO Capital Markets. "There is a time to get fancy in the foreign exchange markets, [but] this isn't it," Busch says.
"In theory, Greece should not exit the euro zone because that would usher in a very dark period in Greece and no one would lend to the country," says Roger Altman, Evercore Partners chairman discussing problems facing the EU leaders at today's summit and weighing in on a divided government in the U.S. and the likely scenario after November's election, with Rep. Eric Cantor, (R-VA) and House majority leader.
Worries about Greece sap risk appetite as the euro slides and the dollar soars - it's time for your FX Fix.
Strong demand for Germany’s two-year bonds, which offer nothing in return, shows that opening Pandora’s Box in Europe has sapped investor confidence, Jim O'Neill, chairman at Goldman Sachs Asset Management told CNBC’s “Worldwide Exchange.”
European leaders meet in Brussels this evening for an informal dinner being billed as a showdown between German Chancellor Angela Merkel and French President Francois Hollande over the tricky issue of Eurobonds—bonds issued by the EU and backed by euro zone members collectively.
At a time where the debate over whether Greece should or shouldn't leave the euro zone reaches boiling point, shipping could prove critical for Greece's drive for sustainable growth.
CNBC's Michelle Caruso-Cabrera reports the euro fell sharply and stocks dropped from their highs of the day on news Greece is making contingency plans for a euro exit.
When Lehman Brothers declared bankruptcy in September 2008, investors rushed to buy gold. When the eurozone crisis erupted in 2010, they bought more.' But this year the buying has fizzled out, reports the Financial Times.
Former Greek Prime Minister Lucas Papademos told CNBC there are no preparations underway in Greece for possibly exiting the euro, but can't "exclude the possibility" that other countries are making arrangements.
To alleviate Europe’s debt crisis, Cramer thinks these two measures need to be taken.
Ursula Burns, Xerox chairman and CEO, discusses the state of her business globally and shares her take on the fiscal cliff and Facebook's IPO.
CNBC's Maria Bartiromo and Bill Griffeth report on former Greek Prime Minister Papedemos telling Dow Jones the "risk of Greece's euro exit is real."
CNBC's Kelly Evans reports on Europe's stocks, bonds and investor hopes ahead of Wednesday's summit with European Union leaders.
The odds are rising of a Greek exit from the euro - but what happens next is another question.
Christine Lagarde, managing director of the International Monetary Fund, vowed that the organization, which is part-funding Greece’s bailout, will “never leave the table” with its new government.
"The problems in the euro zone are now affecting the mood, in Asia, the United States, Japan and elsewhere," says Angel Gurria, OECD Secretary-General, discussing the outlook on the euro zone's economic recovery and the impact of Greek debt on global markets.
The markets have been oversold amid intense pessimism and a relief rally will be on its way within the next month, David Murrin, chief investment officer at alternative investment firm Emergent Asset Management, told CNBC’s “Worldwide Exchange”.
Government spending cuts in developed countries are hurting job creation and exacerbating global youth unemployment, which remains close to the peak hit during the 2009 crisis, the International Labour Organization said on Tuesday.
The Greek electorate has already bloodied the nose of its centrist parties, and now the number of undecided voters could help determine whether it remains in the euro zone.