The euro gives back gains as post-election euphoria fades, and risk-on currencies follow — it's time for your FX Fix.
Spiraling unemployment, biting austerity measures and political uncertainty have led to an upsurge in Greeks quitting the country for sunnier economic climes.
The head of Denmark’s central bank has warned that the Danish krone is coming under intense pressure from investors seeking a haven in Europe and betting that the currency’s peg to the euro could be cracked by the crisis. The FT reports.
Risk assets rallied in early Asian trade after Greece's pro-bailout New Democracy Party won the most number of votes in elections on Sunday, helping to ease concerns the country would leave the euro zone.
Wilbur Ross, the billionaire investor and Chairman of private equity firm, WL Ross & Co., says the real question facing Greece is what policies the new government will implement after the pro-bailout New Democracy party won the most votes in Sunday’s vote.
Ian Bremmer, President at Eurasia Group says to expect more conversations between major central banks at the G20 meeting.
Antonis Samaras, the leader of the New Democracy party which won the most votes in Sunday’s election, told CNBC that investors should be reassured by his parties victory over radical leftist Syriza party.
New Democracy may have won the largest share of the vote in the Greek elections which have held markets in thrall for weeks — but leader Antonis Samaras is unlikely to be cracking open the ouzo quite yet.
Recent weeks have seen the rhetoric from both sides of the Greek tragedy ramped up with naysayers claiming the days of the Hellenic Republic’s membership of the euro zone are numbered, and others insisting the bloc will stay intact come what may.
The estimated 1.4 billion euros ($1.8 billion) spent on bribes by Greeks last year wouldn’t pay off its bailout debts, but it might give its people more spare cash to deal with belt-tightening elsewhere.
Ready for the Greek election this Sunday? Here are the currencies to watch.
To "Mad Money" host Jim Cramer, the Greek elections will only bode well for the markets.
Amid Greece's economic woes, there is some good news: importers and top sommeliers are becoming more interested in the increasing quality (and rising prices) of Greek wines.
To put it simply, Greece's financial woes have been brewing for decades as the Greeks consistently voted in representatives across the political spectrum who promised the people more than the economy could deliver.
The very existence of deposits in Greek banks is a mystery to many outside observers. Why on earth would anyone—including Greeks—still have money in a bank located in Greece?
"We don't believe that European leaders are bluffing. If Syriza really pushes their views I think an exit [of Greece from the euro zone] would come," Dimitris Drakopoulos, euro area economist at Nomura, told CNBC.
Dan Greenhaus, BTIG chief global strategist, explains how the outcome from this weekend's elections in Greece will impact U.S. markets.
Tracking overseas jitters and the impact on U.S. markets, with Roger Altman, Evercore Partners founder & chairman, and Jack Malvey, BNY Mellon chief global markets strategist.
CNBC's Michelle Caruso-Cabrera reports one of the problems at the root of the Greek debt crisis is the inability to collect revenue, with Harry Theoharris, Greek Ministry of Finance.
In a Europe where the outcome of most elections is predicted weeks before votes are cast, the triumph of left-wing Syriza in May’s Greek elections was one of the few shocks of recent years.