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(Read More: Berlusconi Rules Out Alliance With Monti)
(Read More: European Shares Sharply Lower on Italy Poll Results)
The Greece crisis may see it exit the euro zone, but this does little to change the U.S. rate outlook, say analysts.
A referendum on Greece's bailout isn't needed because consensus already exists, former Greek Prime Minister George Papandreou said.
Unless Greece suddenly finds $1.7 billion down the back of the sofa, it will miss its deadline to repay the IMF by 6 pm ET on Tuesday.
While the world puts pressure on Greece to face reality, it's actually creditors who need the wake-up call right now, says Dan Alpert.
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Hendrik du Toit, CEO of Investec Asset Management, discusses the impact of Greece and its upcoming referendum will have on markets.
Filippo Taddei, chief economic advisor to Partito Democratico in Italy, discusses what market and labour reforms are needed in Greece.
Stathis Kouvelakis, Syriza central committee member, predicts that the Greek people will vote "no" in this weekend's referendum.