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CNBC confirms Greek denial of weekend default rumors and details on ECB board member Juergen Stark's resignation, with CNBC's Guy Johnson and Silvia Wadhwa.
One crisis meeting is hot on the heels of the other and our policy makers - central bankers, ministers, heads of state and government - jet stream around the globe, trying to "manage" the crisis, writes CNBC's Silvia Wadhwa.
The euro is nothing more than an economic mirage because it lacks the essential building blocks of a long-term secure currency, according to Tim Martin, chairman of UK pub restaurant chain JD Wetherspoon.
The boss of the Greek debt office (PDMA) has told CNBC that Friday is not the deadline for the debt swap plan.
Discussing today's drop in the euro and its impact on the U.S. dollar, with Nick Bennenbroek, Wells Fargo head of currency strategy.
So far the Greeks' implementation has been anything but impeccable. The end will probably come towards the end of the year, writes CNBC's Guy Johnson.
The Greek tragedy in several acts would appear to be approaching a climactic moment. The warnings coming out of Berlin all week have been hard to ignore: "Greece either puts up or shoves off" would seem to be the blunt message being offered.
The call for further quantitative easing by business leaders in the UK to reboot the economy has divided analysts and commentators between those who fear it will create a bigger deficit and those who argue that it is needed to stave off another recession.
There are plenty of officials who would argue there is no possibility of Greece being excluded from the euro zone in the event of a bankruptcy, writes BNY Mellon's Simon Derrick.
It's not enough that the German court gave mixed signals to the euro. Now the technical patterns aren't looking so good either.
The Swiss National Bank and the German courts have changed the outlook for the euro - but it's still cloudy.
George Soros is warning the euro zone debt crisis could be worse than the Lehman crisis but stocks across Europe are sharply higher this morning following news from Athens and Rome on how they plan to tackle their budget deficits.
The Swiss 'peg' is mostly holding as traders hunt for alternatives — it's time for your FX Fix.
The current market volatility and uncertainty has made finding what to buy even more difficult, Pedro De Noronha, managing partner at Noster Capital, told CNBC.com Wednesday.
What is to be done? To find an answer, listen to the markets. They are saying: borrow and spend, please. Yet those who profess faith in the magic of the markets are most determined to ignore the cry. The fiscal skies are falling, they insist, according to the FT.
Remember the collapse of Lehman Brothers ? Europeans certainly do. As Europe struggles to contain its government debt crisis, the greatest fear is that one of the Continent’s major banks may fail.
While a recent report showed that U.S. financial companies have nearly $200 billion in net exposure to Greece, Ireland, and Portugal, the amount is "manageable," according to a letter Fed Chairman Ben Bernanke wrote to members of Congress.
Debt-crippled Greece's borrowing costs reached a new record high Tuesday on fears about the country's austerity program, a new blow as Prime Minister George Papandreou chaired a cabinet meeting aimed at finding ways to speed up delayed structural reforms.
As leaders in Europe try to contain a deepening financial crisis, they are also increasingly talking about making fundamental changes to the way their 17-nation economic union works. The NYT reports.
On Wednesday, investors will wait with bated breath for news from Germany again, where the Federal Constitutional Court has the power to make or break the fate of the euro zone.