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Insight on whether the deal to get Greece out of default will work and prevent future troubles, with Julian Callow, Barclays Capital chief European economist.
The second Greek bailout deal was finally clinched in the early hours of Tuesday morning, but market reaction has been decidedly mixed so far.
Your Money In Motion blogger was temporarily knocked out of commission after a skiing accident. Live from the rehab hospital, here's your FX Fix.
Greece's purported deal with its creditors will only last until a new government takes over following the spring elections, hedge fund manager Dennis Gartman said Tuesday.
The agreement by private sector holders of Greek government debt to take losses of 53.5 percent as part of the 130 billion euros ($172 billion) second bailout will actually see real losses of more than 70 percent, Charles Dallara, managing director of the Institute of International Finance told CNBC.
Stock index futures pointed to a rise in U.S. equities on Tuesday after euro zone finance ministers finally sealed a bailout for Greece. European shares steadied on Tuesday after hitting seven-month highs on Monday, with strategists saying the focus would now turn to the bleak outlook for Greece's economy after the country secured a bailout package.
CNBC's Michelle Caruso-Cabrera has the details on euro zone countries agreeing to give Athens 130 billion euros in additional bailout loans.
It's 10.30 on a chilly winter's morning in central Madrid and retailer Emanuela Scena is opening up for business. But unlike the others, it doesn't take cash. It's part of a barter economy in goods and services that is gaining ground as the country tips into recession and already sky-high unemployment rates inch up.
European shares were called to open lower Tuesday despite Greece securing its crucial second bailout of 130 billion euros ($172 billion) helping it to avert a disorderly default.
Despite the turmoil over Greece, and questions over the euro zone bloc’s very survival, equities remain undervalued, market watchers told CNBC.
The mood is growing surly in the south of Europe as austerity measures take hold. With unemployment at 20 percent in some countries – and youth unemployment as high as 50 percent – warnings are growing sharper about a troubling rise of populist feeling. The Christian Science Monitor reports.
The next year is likely to bring a period of tepid growth for businesses, and investors should stick to defensive plays even though they are not that sexy, Barry Dixon, head of research at Irish wealth management company Davy told CNBC.
Greece’s second bailout deal is expected to finally be sealed later Monday at a meeting of the Eurogroup of euro zone finance ministers, but the troubles of the heavily indebted Mediterranean country will stay on the markets' agenda, analysts believe.
British bank Lloyds is to strip five current and former senior bankers of more than 1 million pounds in bonuses over their role in the mis-selling of payment protection insurance (PPI), the Daily Telegraph reported on Monday.
European shares were called higher Monday on the back of hopes that Greece will secure its second bailout when euro zone finance ministers meet later on Monday.
Investors should switch to a more risk-neutral position on the euro as the recent rally in risk assets has made currency crosses that are not risk-adverse less attractive and they may come under further pressure, Jens Nordvig, global head of G10 foreign exchange strategy at Nomura, told CNBC.
Analysts have been saying for much of February that the market is ripe for a pullback, but the indices continue to rise, taking the S&P 500 close to its 2011 high and the Dow and Nasdaq to multi-year highs.
We count down our five most popular videos from the past week, February 10 to February 17, 2012. You'll see Liz Kate Upton, Liz Ann Sonders, Jim Cramer, Jim Rogers, and a very bearish stock market chart.
European finance ministers are set to decide by Monday whether to give a new loans to Greece. But if you want to improve Greece’s debt-to-GDP ratio, don’t give them any more debt.
CNBC's Michelle Caruso-Cabrera has the story on whether the Greek debt deal will add to a high-stakes weekend.