There's no realistic hope that Greece can remain part of the European unified currency, London Mayor Boris Johnson said on Monday.
The International Monetary Fund has revised its growth forecast for the euro zone to 2 percent, up from 1.6 percent, despite persistent concerns about the peripheral countries.
Greece does not have a liquidity problem-it is insolvent. Without transfers of wealth from richer states like Germany and France to retire significant amounts of its sovereign debt, Athens must restructure its bonds-essentially default on significant portions of its obligations to bondholders.
While all eyes are focused on the situation in Greece, Der Spiegel takes a broader view.
If the U.S. economic slowdown weren't enough to deal with, the Federal Reserve this week must consider a new threat: a resurgent European debt crisis that could imperil the global economy.
CNBC's Michelle Caruso-Cabrera has the details on European finance ministers delaying payments to Greece, with Rep. Paul Ryan (R-WI). Will waiting make the problem worse, with Mohamed El-Erian, Pimco CEO/co-CIO.
Euro zone leaders give Greece some tough love, and the yen takes its lumps. Time for your Monday FX Fix.
Bring back the drachma! Let Greece drop out of the euro for a while and give the Greek economy the chance to recover. Back to the good old days of soft currency and depreciation ...
When Tim Geithner called into a conference call with his G7 peers Sunday night to discuss the Greek crisis, he could have been forgiven for thinking back to a Sunday night in September 2008 when he ran the New York Fed.
Ferretti, the Italian luxury yacht builder, is turning to the new super rich of Brazil as sales have slumped to its traditional ‘old economy’ customers in the marinas of the Mediterranean, the FT reports.
Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.
The clock is ticking on Greece's efforts to pass austerity measures. Here's how to trade the drama.
The Greek drama escalates as the euro falls. The currency trade behind the crisis, with CNBC's Melissa Lee and the Money in Motion traders. Also, BofA Merrill Lynch's Michelle Meyer discusses how to trade next week's Fed meeting.
The week's top business news and investment advice, including what to do on a potential fire sale of Greek assets, Pandora's volatile stock price, and playing defense.
Bank of America has been investing and building its corporate and banking business in the BRIC countries over the past few years. Investing in the emerging markets has been a priority and BofA will continue to do that.
The world's financial markets should take some of the blame for creating the precarious situation in Greece and the other troubled nations in the euro zone, Deutsche Bank CEO Josef Ackermann told CNBC Friday.
The talk of the second bailout of Greece is getting louder and louder. Greek Prime Minister Papandreou reshuffled his cabinet today appointed Evangelos Venizelos as finance minister, replacing George Papaconstantinou. Deutsche Bank’s CEO Josef Ackermann has been a leadership voice in the Eurozone on this issue. Maria Bartiromo spoke to Ackermann in a CNBC Exclusive about the implications of this bailout.
At a charity event last night aboard the Intrepid on the Hudson River, several hundred hedge fund traders sipped white wine while waiting for the Roots to play. The weather was magnificent, but get past the pleasantries and none of them were in a particularly good mood.
Maria Bartiromo spoke to the boss of Blackstone Group, Steve Schwarzman in a CNBC Exclusive at the St. Petersburg International Economic Forum in Russia.
A deal for aid to Greece has to be stitched together in the next few days, strategists say. Here's how to trade now that it's decision time.