U.S. stocks failed to hold gains, trading mildly lower amid continued uncertainty over the Greece debt crisis.» Read More
Concern is growing in the Treasury over the “very, very great” risks to Britain if the euro breaks apart, reports the FT.
European Central Bank member Christian Noyer said on Monday it is unrealistic to expect an increase in Europe's bailout fund beyond what was agreed in July, but that he is open to schemes that would allow leveraging to expand capacity.
Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.
Greece was expected to unveil its plan on Sunday to begin laying off state workers, the most contentious part of a reform package demanded by the EU and IMF.
Greece and debt inspectors have apparently agreed that older civil servants near retirement age will bear the brunt of personnel cuts in the public sector, according to media reports.
The euro's being whipsawed by talk of debt plans. Here's how to trade an actual European event.
Will Trichet reverse course and cut rates at next Thursday's ECB meeting? How to profit from next week's gathering, with CNBC's Melissa Lee and the Money in Motion traders. Also, the currency trade behind next week's jobs report, with Michelle Meyer, Bank of America Merrill Lynch.
Stocks closed out their worst quarter since the financial crisis, but it might be too early for investors to breathe a sigh of relief, as volatility will likely continue.
Coming off the market's worst monthly performance in three years, there are scattered signs that while the damage is not over yet, the worst may have passed at least for the moment.
Worried about Europe's troubles, but leery of using stocks to take a position? Here's the plan for you.
The present crisis of the Eurozone is a direct consequence of a half hearted, half considered, half explained and therefore half finished integration process, writes the former Prime Minister of Hungary.
Like Americans trying to raise quick cash by unloading their unwanted goods, the federal government is considering a novel way to reduce the deficit: holding the equivalent of a garage sale, reports the NY Times.
It is the policy that dare not speak its name: the printing press. The time has come to employ this nuclear option on a grand scale. The alternative is likely to be a lost decade, Martin Wolf writes in the FT.
Jon Najarian, Optionmonster.com, explains how you can make money on Greek debt. "You can buy it for 41 cents on the dollar," he tells CNBC's Brian Sullivan.
The German Parliament's vote to expand the role of the European Financial Stability Facility has given the markets a "confidence boost," but it is only a short-term fix to Europe's solvency issues, Dino Kos, former N.Y. Fed executive vice president, told CNBC Thursday.
CNBC's Michelle Caruso-Cabrera explains how much debt Greece actually has and why the U.S. should care.
So much for the idea of a levered Euro-TARP. German Finance Minister Wolfgang Schaeuble told lawmakers the European Financial Stability Facility would not be used to create a leveraged bailout vehicle, according to Dow Jones Newswires.
As the sovereign debt crisis worsens, there is still a lack of a long term solution. Current rumors center on Europe extending their ability to bail out periphery economies.However, politics and implementation issues pose a significant challenge.As Greece has shown, so far these bailouts haven’t worked, and with debt burdens rising and problems spreading to the core, the situation is only getting tougher.
LONDON—Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds. After a number of investors struck gold by betting against French banks, many have turned their attention to the hot yet risky euro zone trade of the moment: buying Greek government bonds that traders say are changing hands for as little as 36 cents for each euro of face value.