Egypt made history on Wednesday as it kicked off its first free presidential election and put its fragile democratic transition to the test. Just over 50 million eligible citizens are expected to cast their votes over the course of two days.
The benefits from reverting to the drachma would occur only after a very painful period of high and rising unemployment, falling government revenues and decreasing economic output. The idea that increased revenues from more tourists would make up for this is alarmingly naive.
Nicholas Ferres, Investment Director, Global Asset Allocation, Eastspring Investments says that the Indian Rupee is starting to look cheap and is clearly oversold.
"The problems in the euro zone are now affecting the mood, in Asia, the United States, Japan and elsewhere," says Angel Gurria, OECD Secretary-General, discussing the outlook on the euro zone's economic recovery and the impact of Greek debt on global markets.
CNBC's Simon Hobbs reports on the rebound in markets across Europe and its impact on U.S, markets, with CNBC's Gary Kaminsky, Bob Pisani, and Jonathan Stubbs, Citigroup European equity strategist.
The world has "hopefully" gotten through the worst in terms of what some analysts have called "currency wars," according to Chad P. Bown, senior economist at the World Bank's Development Research Group, Trade and International Integration.
Richard Yetsenga, Head of Global Markets Research, ANZ explains why the euro has recovered from the four-month low hit on Friday despite ongoing concerns surrounding the currency bloc.
Laura Fitzsimmons, VP, Futures & Options, JPMorgan Investment Bank says Australian interest rates have room to fall, forecasting a rate cut by the RBA in June.