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Greece is taking responsibility for its own financial problems and it will tackle its public deficit without a bailout, Norwegian Prime Minister Jens Stoltenberg told CNBC Monday.
Stocks could continue to push higher until May, but after that there is a serious risk of a double dip, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC Monday.
The symptoms of poor economic outlook are all there. Mortgage lending has fallen again, net borrowing by businesses is dire, public finances are deteriorating faster than the government expected and retail sales are languishing in the doldrums.
Greece has replaced the head of its debt management agency, the Foreign Ministry said, just as the country finds itself in the spotlight for allegedly hiding the size of its debt problem.
Is it me or is there a high degree of hypocrisy in the way politicians and economists are reacting on a country-by-country basis to the dire fiscal positions of various European Union states?
Greece's debt swaps came to light because of the battle between big banks and regulators in the US, Gikas A. Hardouvelis, professor of finance at the University of Piraeus and chief economist at Eurobank EFG Group, told CNBC Thursday.
The price of gold looks set to push higher, as long as it holds above the $1,000-level, and could hit $1,400 per troy ounce over the next 12 months, Daniel Bruno, chartered market technician from FXboss.info, told CNBC Thursday.
Georgia suffered a double shock in the summer of 2008 as it entered a brief war with Russia just before the collapse of Lehman Brothers signaled the start of the global economic crisis. But the troubled country is now putting its tough times behind it, Georgian President Mikheil Saakashvili told CNBC Wednesday.
China's move to unload US debt is likely to continue in the long term while the "euro scare" may last a while, legendary investor Jim Rogers told CNBC.com Wednesday.
Greece's 2001 deal to swap some of its debt using currency derivatives was in line with what other euro-zone countries were doing, Yiannos Papantoniou, the country's finance and economy minister when the deal was made, told CNBC.com Wednesday.
The euro looks set to reverse some of its recent losses against the dollar and yen as investors scramble to cover bets that the currency will fall, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
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.
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