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Credit Default Swaps

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  • Riot policemen arrest a demonstrator as they clash with protesters during a 48-hour general strike in Athens.

    Sovereign default in developed economies could be "catastrophic" for investors, a report by BlackRock Investment Institute noted, as many traditionally have large holdings in government debt as a very low risk, relatively low return investment.

  • Greek Parliament Passes Austerity Package Wednesday, 29 Jun 2011 | 10:13 AM ET
    Amid tear gas, demonstrators hold a banner reading 'NO' during clashes with riot police in front of the Greek Parliament.

    The Greek Parliament has voted to back a package of deep spending cuts that should go some way in clearing a  path for  a second bailout for the country.

  • Solving Euro Crisis Small Change for China: Mobius Tuesday, 28 Jun 2011 | 5:16 AM ET
    Markl Mobius, Executive Chairman of Templeton Emerging Markets

    "It is not unrealistic for China to backstop the euro zone crisis," said Mark Mobius, the executive chairman of Templeton Emerging Markets Group in an interview with CNBC on Tuesday from Monaco.

  • Brace for Greek Restructuring in September: Professor Thursday, 23 Jun 2011 | 8:08 AM ET
    The Parthenon in Greece

    Financial markets should brace themselves for a restructuring of Greek debt in September, Barry Eichengreen, Professor of Economics at the University of California, Berkeley said on Thursday.

  • Time for Common Sense on Greece Wednesday, 22 Jun 2011 | 1:12 AM ET

    Albert Einstein is reported to have said that insanity consists of doing the same thing over and over again and expecting different results. By those standards, the deal with Greece that is about to be agreed looks insane. The only justification, as I argued in a column on May 10, is that it is needed to play for time. This is a bad strategy. Something more radical is required, according to the FT.

  • Stock Trading: Only 2 Flavors Left in the World Tuesday, 21 Jun 2011 | 2:38 PM ET

    Stocks are up today, partly because the market is oversold, but also because the euro has stabilized, and the dollar has resumed its weakness. This is largely because the trading community is expecting the Greek government to survive the no-confidence vote tonight and to approve the new austerity bill on June 28.

  • What's In a Default?     Friday, 17 Jun 2011 | 12:12 PM ET

    Discussing what a Greek restructuring would mean for investors, with Mark Thierfelder, Dechert LLP.

  • Greece: Why the Worst Might Actually Happen Friday, 17 Jun 2011 | 9:25 AM ET
    Protester throws a stone during demonstration at anti-austerity rally.

    In the days before Lehman Brothers collapsed, I spent hours on the phone with various officials of the US government. All of them had the same message: there won't be a bailout of Lehman.

  • What Happens If Greece Defaults? Thursday, 16 Jun 2011 | 5:14 PM ET
    If Greece defaults on its sovereign debt, the effects will be global. Everyone from Japanese savers to US retirees is likely to feel the effects. Let's run through the dominoes that could fall after a Greek default.

    What happens if Greece defaults? Everyone from Japanese savers to US retirees is likely to feel the effects. Learn more.

  • Why Your Money-Market Fund Could Be Hit by Greek Default Thursday, 16 Jun 2011 | 12:10 PM ET
    A protester kicks a riot police officer during a general strike against government austerity plans, in Athens.

    Some of the safest, plain-vanilla investment accounts in the U.S. could be challenged if Greece defaults on its sovereign debt.

  • Greece: The One That Got Away Thursday, 16 Jun 2011 | 9:43 AM ET
    Protester throws a stone during demonstration at anti-austerity rally.

    In the days before Lehman Brothers collapsed, I spent hours on the phone with various officials of the US government. All of them had the same message: there won't be a bailout of Lehman.

  • A trader at a major Greek bank lets us know how things are looking from his perch above the main square in Athens.

  • The “Norma” deal that the SEC is investigating was one of several complex transactions that became known under one name, “The Magnetar Trade.” To many in finance, it is still considered one of the most elegant trades in recent memory.

  • Greece Is More Like Argentina Than Uruguay: Economist Thursday, 2 Jun 2011 | 1:59 AM ET
    Swimming pool in Greece

    Past voluntary debt reprofilings in Latin America have worked to varying degrees, but "soft" restructuring is not going to solve Greece's debt problems, according to Stuart Culverhouse, chief economist of frontier markets specialist Exotix

  • Carl Icahn: Wall Street Back To Its Old Tricks Thursday, 26 May 2011 | 6:55 PM ET

    Just a few short years after the worst financial crisis since the 1930’s, there’s chatter that some big money investors are up to their old tricks again.

  • What Is Behind Europe's Stock Market Selloff? Monday, 23 May 2011 | 6:03 AM ET
    annuities

    The imminent end of the Fed's quantitative easing as well as news that Standard & Poor’s had downgraded the outlook for Italy's ratings to negative were behind the stock selloff in Europe in morning trade, analysts told CNBC.com Monday.

  • EU Crackdown on Credit Swaps May Shatter a Myth Friday, 29 Apr 2011 | 10:35 AM ET

    The European Union’s antitrust investigations into derivatives will very likely demonstrate how banks use regulations to stifle competition.

  • If Greece Acts Quickly, Crisis Could Be Averted Tuesday, 26 Apr 2011 | 3:31 AM ET
    The Parthenon in Greece

    With opposition to the bailouts of Greece, Ireland and now Portugal rising fast in the euro zone’s prosperous north, one analyst warns Greece to get on with restructuring its debt.

  • Restructure Greek Debt or Face Inflation: Analysts Tuesday, 19 Apr 2011 | 3:48 AM ET
    View over the caldera of Santorini in Greece.

    Euro zone politicians should accept that Greece is bankrupt and allow it to restructure its sovereign debt, or risk inflation getting out of control, one analyst told CNBC. Others said inflation was on the rise.

  • Afraid of Euro Break-Up? Buy Eastern Europe Debt Friday, 8 Apr 2011 | 2:50 AM ET
    Poland

    While periphery euro zone countries are drowning in a sea of debt and investor reluctance, Eastern Europe – which two years ago sent shockwaves through markets – is now shining away from the limelight.