Anthimos Thomopoulos, CEO of Piraeus Bank, says recent political turmoil in Greece set the country’s banking crisis recovery back by six months.» Read More
CNBC's Tyler Mathisen with a report that Greece has a deal with the EU and IMF on a 5-year austerity plan.
CNBC's Gary Kaminsky looks at weakenss in European financial stocks; and insight on taking a long term approach to investing, with Joe Dear, CalPERS CIO.
To most market participants, it should not be a surprise that today we had the type of comments by ECB’s Trichet on the risks associated with Greece contagion. We are constantly hearing the analogy to the US financial crisis and a Lehman event. Also, Trichet’s comments about the link between the sovereign debt and European banks should not be a surprise as this is the key factor in the crisis.
CNBC's Guy Johnson reports that northern European countries say they are fed up over Greece.
The European Central Bank's Trichet sees red, and hedge funds see problems in Mexico. It's your Thursday FX Fix.
German Chancellor Angela Merkel has certainly changed her tune. Now she's warning about the exposure of European financial institutions to credit default swaps that insure Greek bonds.
Financial markets should brace themselves for a restructuring of Greek debt in September, Barry Eichengreen, Professor of Economics at the University of California, Berkeley said on Thursday.
The New York Times considers the possibility that a firm or group of firms insured billions of dollars of European debt through derivatives.
Greece is facing an exit by some of the most talented people in its workforce, as well as its broader economic problems, John Sfakianakis Group Chief Economist at Banque Saudi Al Fransi, told CNBC Thursday.
Investors are afraid of “Armageddon” in foreign exchange markets due to concerns beyond the Greek debt crisis and sluggish US growth, David Bloom global head of foreign exchange at HSBC told CNBC Thursday.
Minutes from the last meeting of the BoE’s monetary policy committee showed that despite two members wanting to hike rates, others are considering another round of quantitative easing.
Greece’s new finance minister has attempted to renegotiate parts of the austerity deal struck with international lenders last month, drawing anger from his European counterparts as they battle to find a solution to Athens’ debt crisis, reports the FT.
With persistent uncertainty over the Greek government's policies and over the EU's ability to agree on a solution, the euro should be on shaky ground, according to some analysts.
As a two-day meeting of EU leaders gets underway in Brussels on Thursday, analysts expect the summit to provide temporary relief for financial markets with leaders present a united front and insisting they will continue to support Greece, but not much more.
Despite all the euro news, the currency is basically range-bound, this expert says. Here's how to trade it.
The Greeks have certainly embraced the classics as their economy discovers the painful virtues of a free fall.
Greece is the bad penny that keeps cropping up at inconvenient moments. We’d desperately like to forget Greece. Farr has been writing about it for 18 months with all of these depressing comments, and it seems to be among the things blamed for market down days.
Bank of England governors warn of weakness, and everybody is waiting for Bernanke — it's time for your FX Fix.
A check on Europe markets as the Greek prime minister survives the confidence vote, with CNBC's Michelle Caruso-Cabrera and Ross Westgate.
There is no way Greece can avoid a default, says Michael Spence, Nobel Laureate, with Mark Olson, former Federal Reserve governor.