Wondering if today's bounce in the euro is an aberration? This strategist has an answer.
Daniel Stecich, TJM Institutional Services and CNBC's Rick Santelli discuss the ECB and credit risk, and Greek recapitalization.
Austerity is imposing intolerable unemployment and political chaos in Greece, and won’t permit it to repay its debts. Athens must abandon the euro and reintroduce the drachma.
Euro Slips, Pound Trips, Asian Central Banks Intervene — it's time for your FX Fix.
A senior executive at a Greek bank says the pace of withdrawals has slowed further on Wednesday, after a large spike on Monday. Late Tuesday, data inadvertently revealed by the country's president showed 700 million euros ($889.7 billion) worth of withdrawals on Monday alone.
“Very little of the bail-out money so far has gone to the Greeks. It has all gone to the bankers,” one analyst tells CNBC.
A Greek exit from the euro zone would not make things better for the stricken country or for Europe, Thomas Mirow, the president of the European Bank for Reconstruction and Development (EBRD), told CNBC.com in an interview.
When Greece announced on Tuesday that it had made a €436 million bond payment to the hold-out investors who rejected the country's historic debt revamping deal in March, the decision came as no surprise, the New York Times reports.
CNBC's Michelle Caruso-Cabrera reports that a transcript from a Greek meeting shows deposits have left the banking system.
The risks of a Greek exit from the euro zone could include a spiral downward for the bloc that will include financial turmoil spreading to the rest of the euro zone’s peripheral economies, the chief investment officer of Citi Private Bank said on Tuesday.
Euro zone finance ministers are calling talk of a Greek exit from the euro zone simply “propaganda,” even as the market awaits news on whether Greek politicians can agree to form a new government and meet its commitments to the European Union and International Monetary Fund.
Oil prices could possibly test $90 a barrel, after U.S. employment data missed forecasts and election results in France and Greece showed voters rejecting German-led austerity measures, CNBC's weekly survey of market sentiment showed.
Amelia Bourdeau, Westpac Institutional director of foreign exchange, offers her view on the euro ahead of the euro zone's Q1 GDP data tomorrow. "There will be continued headlines about the Greek risk," she adds.
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.
Benchmark crude oil prices will extend losses this week as risk aversion stoked by lingering political uncertainty in Europe continues to haunt markets, CNBC's weekly survey of market sentiment showed.
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.
Earnings season is nearly behind us, and results were unambiguously positive.