WASHINGTON, July 25- The International Monetary Fund urged Ukraine's leaders on Friday to press forward with "steady implementation" of economic reforms agreed with the fund, a day after the prime minister tendered his resignation.» Read More
The EU should thoroughly investigate the case of the debt swaps involving Greece and Goldman Sachs, as these types of operations are destabilizing financial markets, economist Simon Johnson told CNBC.com.
Crisis meeting follows crisis meeting on resolving the debt debacle in Greece, but it seems solutions and even resolutions are hard to find.
To analyze the current turmoil in markets and with sovereign debt it may be best to turn to the famed entrepreneur and guru Willy Wonka (the Gene Wilder 1971 version).
European finance ministers are telling Greece to prepare for even tougher spending cuts and new taxes, including a tax on luxury goods and cars, to fix its debt crisis.
The economic recovery and improving employment picture in the U.S. will help to boost stocks and the market will push to new highs by the summer, Piers Curran, head of trading at Amplify Trading, told CNBC Monday.
Europe, the EU and the euro zone are not on the brink of an abyss. They are simply dealing with the expected problems inside the biggest currency area in the western world. And they will deal with them.
The European Commission said Monday that it wants Greece to explain how it used complex financial deals that allegedly made its debt limits look lower.
Global stocks were mixed Friday, with European shares paring earlier gains after preliminary data showed the euro zone economy's recovery faltered in the fourth quarter, on top of investors still uncertain as to what will happen to Greece.
Global stocks rose on Thursday, hitting a one-week high, as investors looked to European Union leaders to lay the foundations for a financial rescue of Greece at a summit in Brussels, Belgium.
The governments of every developed economy will eventually default on their sovereign debt, including the US, the UK and Western Europe, Marc Faber, editor of the Gloom, Boom & Doom report, told CNBC.
It is certainly time to watch out for investment opportunities in Greece, Kingsley Jones, international portfolio manager at Macquarie Funds Management Group, told CNBC on Wednesday.
As financial markets panic about the risks to the euro from laxer governments in southern Europe, the northern Baltic states are already in tight fiscal bandages as they experience Europe's most severe recession.
Global stocks were mostly higher on Wednesday and Greece's borrowing costs fell on the prospects of a bailout, while safe-haven German government bonds dipped and the euro eased after the previous session's hefty gains.
Financial markets are betting heavily that Greece's crushing debt could drag down the entire eurozone, and that could force reluctant EU leaders into an embarrassing bailout.
The rise in Greek yields is a clear warning markets are in the mood to 'punish any country that takes creditors for granted. '
Countries like Greece are being "attacked by financial markets" and the European Union should intervene in the stock market to "teach speculators a lesson," according to Nobel Prize winning economist Joseph Stiglitz.
Global stocks were mixed on Tuesday and investor sentiment remained weak on euro zone fiscal deficit concerns. But experts told CNBC the recent pullback is routine and investors should stay fully invested in stocks.
Global stocks were mixed on Monday, with European shares rebounding from three-month lows. But investors remained wary of the situation in the euro zone regarding sovereign debt. Experts told CNBC this year is about all about stocks and not markets. They share their investment strategies.
A pause is all very well, but if the monetary crutch that has supported recovery is kicked out too soon, that double dip scenario could become a reality.
Portuguese authorities' favorite expression is: Portugal is not Greece. Everybody, from the country's central bank governor to economists in private banks, says this.
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