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.
Insight on the meeting between French president Nicolas Sarkozy and Germany's Angela Merkel over Greece's debt threat, with the CNBC news team.
Efforts to resolve the Greek debt crisis are under way, but what does it mean for the Euro zone and its banks? Insight with Josef Ackermann, Deutsche Bank CEO and CNBC's Maria Bartiromo.
In the days before Lehman Brothers collapsed, I spent hours on the phone with various officials of the US government. All of them had the same message: there won't be a bailout of Lehman.
Greece's crisis is roiling global currency markets, but bitcoins - yes - are unscathed. Time for your Friday FX Fix.
Greece's hasty cabinet reshuffle has failed to boost confidence both domestically and internationally in the ability of the Greeks to help themselves out of the deepening debt crisis, Konstantinos Michalos, president, Athens Chamber of Commerce and Industry, told CNBC Friday.
For now, at least, investors seem to believe that the United States has enough shock absorbers to comfortably withstand a default by Greece, the New York Times reports.
We have noted in the past how an inability to apply objective analytical thought is a recurring theme in history, usually condemning the unfortunate subject to failure. The weight of history is on us once again, with the slowly changing status of the US dollar as the world’s de facto reserve currency, writes Moorad Choudhry.