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As euro zone finance ministers meet to discuss the latest plan on the table aimed at solving the Greek debt crisis, one fund manager is warning that Italy and Spain will be downgraded, raising the possibility of "carnage" for global markets.
European leaders are for the first time prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country's overall debt levels on a sustainable footing, reported the FT.
What happened in Italy last week was notable. If it continues, it would mark a significant extension of the regional debt crisis that Europe has repeatedly failed to come to grips with.
With fears growing that Italy could become the latest victim of the euro zone’s sovereign debt crisis, top European officials meet on Monday, the New York Times repots.
Italy's tanking bonds are a reminder that Europe's debt crisis is alive and well. Here's how to trade on it.
Did today's jobs report throw the risk on rally in doubt, with CNBC's Melissa Lee and the Money in Motion traders. Also, cold cash and hot commodities--using currencies to play a commodity rally. And Dennis Gartman offers an analysis of crude's next move.
Europe’s banks are growing increasingly angry over the stress tests being run by European regulators, complaining that the process has been excessively rigid, with damaging changes to the exercise rushed through at the last minute, according to the FT.
The European Central Bank is going easy on Portugal, making the euro bounce. Whether the lift will last is another matter.
The European Central Bank raised interest rates by 25 basis points to 1.50 percent on Thursday, as it continued to brush off concerns over sovereign debt worries in the euro zone periphery, but President Jean-Claude Trichet hinted that a further rise in August is unlikely.
European policymakers grappling with problems in Greece, Portugal, Ireland and Spain should follow the path set by the Uruguayan government a decade ago, dealmaker William Rhodes told CNBC Thursday.
The European Central Bank is expected to raise rates by 25 basis points on Thursday, as indicated in its June press conference, despite ongoing concerns over the euro zone's periphery.
While the Greek sovereign default saga steadily trundles along its course, contagion is not the only problem European policymakers are going to have to struggle with. The Euro Area recovery is slowing, and fast, writes Edward Hugh, independent economist.
Dennis Gartman, the Gartman Letter, explains why the euro will hit new lows.
Despite extreme turmoil in the credit markets abroad -- first in Greece and now in Portugal -- the U.S. leveraged loan market has been "holding up pretty well," Mark Okada, co-founder and CIO of Highland Capital, told CNBC Wednesday.
The Canadian dollar is poised to beat very low expectations, unlike one major currency we could name.
Despite credit turmoil, could European stocks be attractive? Where to find investment opportunities in global markets, with David Mussafer, Advent International.
One might argue that Greece technically defaulted when it could no longer borrow money from the capital markets to meet its obligations. Much like optimistic children who faithfully believe new sneakers make them run faster, the European Central Bank has engaged in fiscal gimmicks to delay the inevitable.
The cost of insuring Portuguese debt against default hit a record high on Wednesday and yields on Portuguese bonds spiked after Moody's cut the country's credit rating to junk and warned it may need another bailout.
The situation facing European countries like Greece and Portugal is directly comparable to the economic crisis which hit Latin America in the late 1990s, Andy Brough, co-head of Schroders’ Pan European Small and Mid Cap team, told CNBC Wednesday.