ECB Governor Mario Draghi urged Greece to stick to its latest bailout to pave the way for bank recapitalisation and talks on debt relief.» Read More
The European Central Bank is widely expected to leave interest rates on hold on Thursday, reassured by signs that the economy started 2012 on a brighter note and hopeful that more cheap loans to banks at the end of this month will get them lending to each other again.
Greek political leaders failed early on Thursday to sign off on a tough reform and austerity program, the price of a new international bailout for the nation, but Prime Minister Lucas Papademos said they would try to strike a deal within hours.
Weekly jobless claims is the big number for markets Thursday, as Greece edges closer to a rescue package.
Rebecca Patterson, MD & Chief Markets Strategist, J.P.Morgan Asset Management says even if Greece is able to reduce its debt load, the country's debt-GDP ratio will stand at 120% ten years from now.
Greeks are set to cut 15,000 jobs, according to a Troika Draft Report. CNBC's Brian Sullivan has the latest.
Greek crisis? What Greek crisis? Near term, this strategist likes the euro.
Greek hopes persist and the Australian and New Zealand dollars are lifting off - time for your FX Fix.
There are three key periods of the current stock market rally, Graham Neilson, chief investment strategist, Cairn Capital, told CNBC Wednesday.
The euro is rallying on fresh hopes that Greek politicians can agree to austerity measures that could secure them a much-needed second bailout from their euro zone peers.
Greek protesters burned German flags as thousands marched through the streets of Athens on Tuesday, according to CNBC staff on the ground. This could be seen as straightforward biting the hand that feeds.
Another batch of the riskiest mortgage-backed securities once owned by the American International Group are being auctioned off this week, according to two people familiar with the matter, a sale that would bring the insurance giant’s 2008 meltdown once step closer to a resolution.
For months now, a big investor has been betting billions of dollars that two of Europe’s most wounded countries will bounce back from the beating they have taken during the region’s debt crisis, the New York Times reports.
The slow progress in Greece’s debt talks will hang over markets Wednesday, as investors also watch one of the last big blasts of the quarter’s earnings news.
This year's market gains will need more than an improving economic picture and investor willingness to shrug off Europe's debt crisis, Pimco's Mohamed El-Erian told CNBC.
CNBC's Michelle Caruso-Cabrera has the details on another rounds of talks taking place to secure a bailout for Greece.
Greece dickers and Australia's central bank surprises - it's time for your FX Fix.
Greece’s leaders and representatives of the troika responsible for its bailout failed yet again to reach agreement on the terms of a second bailout by Tuesday morning leaving European markets facing another day’s uncertainty over the Mediterranean country.
Fed Chairman Ben Bernanke is likely to repeat his case Tuesday for a long period of low rates, and he’ll keep markets guessing about whether the Fed will do more quantitative easing.
Sometimes a crisis can force real reform.
The situation in Greece went seriously weird this morning, when European Union officials and Greek officials couldn’t seem to agree whether Greece had missed a deadline to agree to austerity measures required to secure another rescue package.