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Europe Top News and Analysis Greece

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    European stocks are set to open higher on Wednesday, despite ratings downgrades for Portugal and Greece.

  • Perhaps we were wrong to cite the CBOE's VIX contract as a good indicator of market volatility? Recent events, including on-going military action in Libya and the Portugal sovereign debt crisis, would have suggested that the market should sell off on greater uncertainty, and yet the VIX fell from 29 last week to 17 today. Are investors becoming more sanguine about these issues?

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    The euro is currently overvalued, and it may have to fall to undervalued levels before the sovereign debt crisis is resolved, says this money manager.

  • Standard & Poor’s downgrade of Portugal’s five largest banks is wrong and mistakenly lumps Portugal with Greece, Ireland and Spain, the CEO of one of the banks told CNBC Tuesday.

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    Like stocks, the euro has so far this year shrugged off the so-called wall of worry. Concerns that the likes of Greece, Ireland or Portugal could default have not led to euro losses.

  • Question Marks

    The current market environment reminds me of the movie “Wayne’s world” that I saw longer ago than I care to remember. The party mood on the markets just continues in the face of clear and present dangers.

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    European shares were indicated to open slightly higher Tuesday, with worries about Japan's nuclear crisis and Middle East unrest still running high.

  • Portuguese Prime Minister Jose Socrates speaks during a press conference at Sao Bento Palace in Lisbon. Socrates warned his political opponents not to provoke a political crisis over planned austerity measures to solve the country's debt crisis.

    Portugal's central bank on Tuesday releases its projections for the country's economic outlook and investors are likely to watch closely for changes in the growth forecast, as the country has been plunged in a political crisis because of its austerity measures.

  • A trader sits in front of a board displaying Germany's share index DAX at the stock exchange in Frankfurt/Munich, western Germany.

    European stocks were indicated to open lower Monday, after a defeat of Angela Merkel's conservatives in a regional stronghold and with oil prices slipping.

  • The euro is surprisingly resilient in the face of summit uncertainty and member-country troubles, but traders are getting tired of the Swiss franc — it's time for your FX Fix.

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    As Europe struggles to come to grips with its debt crisis, which has deepened with the collapse of Portugal’s government after it pushed for yet another round of budget cuts, three numbers stand out: 12.4, 9.8 and 7.8, reports the New York Times.

  • Spain

    Some of the world’s largest hedge funds and private equity groups have held talks with Spain’s troubled savings banks as they rush to secure €15 billion ($21.3 billion) in new capital to avoid a state bail-out, Financial Times reports.

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    European stocks are called to follow Asia and open higher on Friday, despite another ratings downgrade for Portugal, this time from Standard & Poor's.

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    Attempts by Germany to renegotiate the structure of the European Stability Mechanism (ESM) just as markets believed things had been settled at the meeting of euro zone leaders last week are an "ominous sign," Simon Derrick, the head of research at Bank of New York Mellon, wrote in a market note.

  • Portuguese Prime Minister Jose Socrates speaks during a press conference at Sao Bento Palace in Lisbon. Socrates warned his political opponents not to provoke a political crisis over planned austerity measures to solve the country's debt crisis.

    "Crito, we owe a rooster to Asclepius. Please, don't forget to pay the debt." According to Plato, these were the last words of the Greek philosopher Socrates, following his decision to drink poison rather than try and pay off the guards and escape from prison.

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    This was pegged as the summit to end all summits; the end of the euro-zone debt crisis; a clear road map for the future.

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    European stocks look set to open slightly higher on Thursday despite the resignation of Portugal's prime minister.

  • Europe's Moment of Truth

    Insight on the Fed's efforts to respond to community banks and a look at Portugal's debt crisis, with David Albrycht, Virtus Investment Partners.

  • Jean-Claude Trichet

    The crisis in Japan following the devastating earthquake and tsunami that killed thousands of people will not have an effect on the European Central Bank's interest rate policy, Manfred Schepers, vice-president finance and chief financial officer for the European Bank for Reconstruction and Development, told CNBC.

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    Greece will have to restructure its debt, but Spain is out of the woods, according to former European Central Bank Board Member Otmar Issing.