BRUSSELS— The European Union has agreed to end mobile roaming charges within two years and allow travelers to pay the same price for calls, text messages and data anywhere in the 28 EU nations. Top EU top digital affairs official Guenther Oettinger welcomed the move Tuesday, saying that cuts to roaming charges and so-called net neutrality are "essential for...» Read More
The current bout of strength in the euro indicates a lack of conviction among investors, says Todd Elmer, currency strategist at Citi.
Since Greece said it won't be able to make a debt repayment to the IMF on Tuesday, the new deadline of July 20 when a repayment is due to the ECB will be more important, says Radhika Rao, economist at DBS.
ATHENS, June 30- European Commission President Jean-Claude Juncker made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires on Tuesday, European Union and Greek government sources said. Under the offer, Prime Minister Alexis Tsipras would have to send written acceptance by Tuesday, in time for an emergency meeting of...
Bambang Brodjonegoro, Finance Minister of Indonesia, says emerging markets must focus on strengthening their fundamentals in order to deal with the impact of a Greek crisis.
Greece's left-wing government has cast itself as the victim of Europe's stingy rich, but the country's poorer neighbors aren't buying the story.
For the U.S. markets, an earlier-than-expected increase in U.S. interest rates will be a greater risk than Greece, says Michael Temple, director of Credit Research, U.S., Pioneer Investments.
Massimo Tosato, executive vice-chairman of Schroders, advises small investors to look at the long term and says he remains optimistic that the Greeks will vote "yes" in the referendum.
While the risk of a Grexit has risen after the announcement of a referendum, the events this week will likely dissuade the Greeks from voting "no" to austerity, says Bill Adams, senior international economist at PNC.
Jean-Laurent Bonnafe, CEO of BNP Paribas, says the euro zone is now a very different place in terms of risk to Greece and describes the tumble in global markets as a "normal reaction."
Jack Ablin, executive VP & chief investment officer at BMO Private Bank, says a Greek default or a "Grexit" won't lead to a global economic crisis, but warns of political risks if there is a political void in Athens.
*EU in legal quandary over Greece in the euro zone. Greece's Finance Minister Yanis Varoufakis has said Greece had no intention of quitting and cannot be forced out. The government in Greece, where a majority of people say they want to retain the euro currency and their 35- year-old membership of the European Union, correctly points out that neither the treaty...
If public sentiment in Little Athens is any sign of public sentiment back in Greece, people are torn on what the country should do next.
For PineBridge Investments' chief economist Marcus Schomer, the expiration of the bailout program on Tuesday is more important than the potential default on debt due to the IMF.
Brian Jacobsen, chief portfolio strategist for Wells Fargo Advantage Funds Management, explains why investors should consider re-allocating more of their portfolios into Europe.
Sean Callow, senior currency strategist at Westpac Bank, discusses the resilience of the euro amid escalating concerns over a Greek debt default.
*Any promise from China of symbolic importance. BRUSSELS, June 29- China seeks a fair, global system to tackle climate change and will deliver its pledge to the United Nations by the end of Tuesday on how much it will cut emissions, Chinese Premier Li Keqiang said after talks with top European Union officials. Once China, the world's biggest emitter, has submitted its...
June 29- Bill Gross of Janus Capital Group Inc tweeted on Monday that reparations and austerity for Greece will be costly for the European Union. Reparations and austerity for Greece will cost the EU big-time, "he wrote. In a later tweet, Gross said: " Greece's $400- 500 billion in debt is significant, but so is Puerto Rico's $70 billion because it's owed to the private...
Thirteen prominent economists from around the world call on Greece to sign a credible agreement with the Europeans now.
*China to make investment, climate pledges. *China says not dropping its euro zone bond holdings. BRUSSELS/ BEIJING, June 29- China promised the European Union on Monday it would hold on to its euro zone debt, Chinese state media reported, saying the Greek debt crisis was Beijing's problem too.
U.S. stock index futures fell sharply on Monday, tracking European and Asian markets downwards, as the Greek crisis entered a new chapter after the instigation of capital controls.