Greece's 2001 deal to swap some of its debt using currency derivatives was in line with what other euro-zone countries were doing, Yiannos Papantoniou, the country's finance and economy minister when the deal was made, told CNBC.com Wednesday.
The EU should thoroughly investigate the case of the debt swaps involving Greece and Goldman Sachs, as these types of operations are destabilizing financial markets, economist Simon Johnson told CNBC.com.
China and the Far East occupy a far different place in the business cycle compared to Europe and the United States. The nascent Chinese exit strategy will be a test case for other nations to follow when the cycle recovers.
Resolving the Greek debt mess is about more than the financial crisis and fiscal responsibility, say experts. It's also about keeping Europe together.
The European Union is wrestling with complex political considerations as much as economic ones that are likely to play a pivotal role in the timing and shape of any aid package to resolve the Greek debt crisis, experts say.
Much as I am sick of bailout nation, and bailout global nation, the European rescue of Greece was probably necessary to stop a total euro currency meltdown that might have triggered a worldwide debt deflation downward spiral.
I’m trying hard to remain optimistic about economic recovery here in America — and for that matter, around the world.
Financial markets are betting heavily that Greece's crushing debt could drag down the entire eurozone, and that could force reluctant EU leaders into an embarrassing bailout.
Apparently, the Greek government has called in the big hitters to help them with their fiscal dilemma.
Amid fears that go-it-alone moves such as President Barack Obama's plan to break up big banks will further hamper the fledging economic recovery, finance ministers and central bankers from the Group of Seven major industrial countries meet.
Why would you ever want to be President? Everyone who comes to the job does so with some vision and dream and quickly has to learn how to dance the dance if anything is to be done. It's harder now than ever with the accumulated debt we have built up.
Spain's presidency has as its bedrock the '2020 Strategy' plan. A plan to create jobs and to make Europe a 'smarter, greener social market'. But Spain itself has the worst jobs picture anywhere in the EU27.
Surely even the most hard-line of EU leaders are not blind to the fact that if Greece goes over the cliff then there will be other targets for the markets. Targets such as Portugal, Ireland, Spain and non-euro zone countries like the U.K.
Renowned fashion designer Jean Paul Gaultier won't let a little thing like the recession spoil his catwalk creations. At Paris Fashion Week he gave CNBC his tips for breaking into the fashion industry during tough times.
Interventions in the market will bring about unintended consequences, the author of the "Gloom, Boom & Doom Report" said. He also weighs in on the dollar, stocks and gold.
Defaults on sovereign debt are likely to proliferate in the next crisis, Marc Faber, guest host for "Squawk Box Europe" and author of the "Gloom, Boom & Doom Report" said.
The country's budget slashes pay in the public sector and is now being seen as the model that countries such as Greece need to mimic.
Ireland's government should be tougher on striking "overpaid" public workers if it wants to help the country get out of the economic recession, Ryanair CEO Michael O'Leary told CNBC Thursday.
Debt crisis! Public Spending out of Control! Bond Market Panic! Eurozone Collapse Fears! These headlines and many others of the same ilk are often used to describe situations akin to the present one facing the Greek economy.
The euro has been very good for Greece and the possibility of the country exiting the euro zone, as some analysts speculated recently, is "absurd," Greek Finance Minister George Papaconstantinou said Wednesday.