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.
Here we go again. The German government said this week it's going to buy a stolen CD which apparantly contains the names of 1,500 Germans with secret bank accounts in Switzerland.
Google has a problem in China. But it may have bigger headaches in Europe. The New York Times reports.
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.
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
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.
President Barack Obama's plans to regulate the banking needs to be coordinated on a global level, said Josef Ackermann, CEO of Deutsche Bank.
The German reinsurance giant Munich Re says its happy Warren Buffett has a built a stake in the company worth over $1 billion.
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.
Greece is in dire need of a modern day Leonidas. The country is facing present day foes equal perhaps to Sirens, Minotaurs and snake-haired Gorgons all added together.
The European Union finance ministers will try to pin down Greece on its strategy for reducing its huge deficit and plans to reform its statistics office.