The question does not address the future of the euro currency— which many believe is at stake— or the future of Greece's relationship with the 28- nation European Union. "Should the plan of agreement, which was submitted by the European Commission, the European Central Bank and the International Monetary Fund in the Eurogroup of 25.06. 2015 and is comprised of two...» Read More
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.
BRUSSELS, June 29- EU chief executive Jean-Claude Juncker urged Greeks on Monday to back a cash-for-reform package rejected by their government, saying a' no' vote in Sunday's referendum would mean Greece was turning its back on the European Union. "The whole planet would consider a Greek' no' to the question posed... as meaning that Greece wants to distance itself...
The deteriorating situation in Greece could get much worse, says billionaire Wilbur Ross—a view echoed by Robert Hormats, former Goldman Sachs International vice chairman.
BERLIN, June 29- Europe has China's backing in dealing with the Greek debt crisis and China wants to see Europe flourish, the European Union united and a strong euro as that is in Beijing's interests, Chinese Premier Li Keqiang said in a newspaper interview.
There is no way Greece can repay the IMF on June 30, says Megan Greene, MD & chief economist at Manulife Asset Management. Even if there was a deal, there wouldn't be enough time to get it approved by euro zone parliaments, she adds.
Mohammad Hassan, senior analyst at EurekaHedge, explains why the developments in Greece's debt talks are making hedge fund investors nervous.
A selloff in European stocks on Monday will offer a buying opportunity, says Simon Smiles, chief investment officer for Ultra High Net Worth division at UBS Wealth Management.
Neeraj Seth, head of Asian Credit at BlackRock, expects the July 5 referendum in Greece to receive a "yes" vote and bring the debt talks back to square one.
Hung Tran, executive managing director of the Institute of International Finance, outlines the possible developments in Greece after talks with its creditors entered a "new and dangerous stage."
Speaking to CNBC in Brussels, Christine Lagarde, managing director of International Monetary Fund, says Greece will not receive further aid until it makes a payment due to the IMF on June 30.
Mikio Kumada, executive director & global strategist at LGT Capital Partners, says Asian markets remain on an uptrend and describes Monday's selloff as a knee-jerk reaction to Greece's developments.
Ivan Szpakowski, commodities strategist at Citi, says Greece's debt crisis will help to push the price of gold above $1,200 an ounce.