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Telis Demos, Financial Times, sheds insight on the meeting between European leaders after the Greek PM called for a referendum on the bailout deal.
Yesterday, David Zervos of Jefferies sent out a wildly popular note on the Papandreou referendum gambit, in which he explained that this was a classic Greek politician move, and that Papandreous own father, Andreas Papandreou, once pulled a similar blackmail stunt when he was the Greek PM.
With Greece’s government on the brink of collapse, even the successful adoption of Prime Minister George Papandreou’s referendum on a debt deal leaves room for volatility and uncertainty in Europe for weeks, historian and author Niall Ferguson told CNBC Wednesday.
The euro, after several crushing days, is getting a lift from speculation the Fed may announce more easing in its midday statement.
The question remains is the glass half full—the economy showing new signs of life as indicated by preliminary data for third quarter GDP growth at 2.5 percent—or is it half empty—the economy creating too few jobs and growing too slow to be self sustaining?
As the euro zone lurches from summit to summit, disgruntled Eurosceptics in the UK are becoming more visible.
The European Central Bank: The big bazooka. There are plenty of important events this week, from Federal Reserve Chairman Ben Bernanke's presser to the Group of 20 nations (G20) to nonfarm payrolls. But the story most closely watched is ECB President Mario Draghi's first press conference tomorrow. Why? Not just because many believe he may cut interest rates a month early, it's that many are betting he will reiterate that he is going to continue to buy sovereign bonds.
Confidence levels among European CEOs have seen a record fall over the past three months, with the situation expected to worsen further in the near term as the euro zone debt crisis threatens the stability of the region’s economy , according to a survey by the Young Presidents Organization.
Greece's referendum angers euro-zone leaders and the Fed meeting presses on the buck - it's time for your FX Fix.
With the situation in Europe, there are many variables moving at once that are impacting the markets, says William Browder, Hermitage Capital Management CEO, who compares the situation in Europe as a slow moving train crash.
The outcome of last week’s euro zone summit meeting is not quite as positive as the immediate equity market reaction suggested. For a comprehensive dissection read this week’s Economist, which lays out in stark terms what further work is needed from euro zone leaders.
Discussing whether it is possible $700,000 can be lost with lack of proper regulation practices, with Ronald Kruszewski, Stifel Financial chairman/president/CEO, who also weighs in on Greece's debt problems.
Greek Prime Minister George Papandreou is gambling his political life and legacy on a no confidence vote on Friday, which could be crucial to the future of Greece. To help solve Europe's sovereign debt crisis, a special organization was set up in 2010 called the European Financial Stability Facility, or EFSF. So what is it and how does it work? CNBC explains.
David Buik, partner at BGC Partners, says the Greek Prime Minister's decision to call a referendum is destroying market confidence and jeopardizing the EU bail out plan.
The political upheaval in Athens has suddenly made the once unspeakable — Greek debt default — a distinct possibility. So now it is time to ponder the once unthinkable: that Greece might end its 10-year use of the euro and return to its former currency, the drachma. The NYT reports.
Forget selling the bank stocks, you should be buying them, widely followed analyst Dick Bove told Larry Kudlow.
European leaders gathering for an emergency meeting Wednesday in Cannes could get more attention than Fed Chairman Ben Bernanke, unless he has a surprise policy move up his sleeve.
This market has become a warzone, the "Mad Money" host said. Here's how to sidestep it.
The Fast Money traders weigh in on companies that got crushed in Tuesday's session, and Fred Cannon, Keefe Bruyette & Woods, discusses why the Greek vote sent financials in free fall on Tuesday.
Dismay over widening fissures in the European bailout plan sent investors fleeing stocks and into the relative safety of U.S. Treasurys Tuesday.