It's been a long, eventful, seven days for Greece. CNBC recaps the big events that unfolded during this week-long Greek drama.» Read More
It's hard to see how the Greek banking system would survive to a switch to a new currency, former Clinton Treasury Secretary Larry Summers tells CNBC.
Shusuke Yamada, FX strategist at Bank of America Merrill Lynch, says the Japanese yen will continue to rally on the back of external uncertainties such as Greece.
The current bout of strength in the euro indicates a lack of conviction among investors, says Todd Elmer, currency strategist at Citi.
Ray Attrill, co-Head of FX strategy at National Australia Bank, attributes the resilience of the euro to factors such as the muted participation of speculative investors and central bank support.
TOKYO, June 30- The euro held on to gains on Tuesday after surging against the dollar as the initial shock of seeing Greece heading for a debt default eased slightly, but tensions remained high as the market awaited further developments in the deepening crisis. Meanwhile, Greece is on its way to default on 1.6 billion euros of loans from the International Monetary...
Greece's left-wing government has cast itself as the victim of Europe's stingy rich, but the country's poorer neighbors aren't buying the story.
Sean Callow, senior currency strategist at Westpac Bank, discusses the resilience of the euro amid escalating concerns over a Greek debt default.
*Yen gains after Greece fails to reach deal, sets vote. A Greek official said Greece will miss a $1.77 billion debt repayment to the International Monetary Fund due on Tuesday, after the country's European partners shut the door on extending a credit lifeline. Greece Prime Minister Alexis Tsipras announced bank holidays and other capital controls to keep banks...
The euro proved broadly resilient to Greece's moving one step closer to an exit from the single currency.
NEW YORK, June 29- U.S. stocks added to a global selloff on Monday as Greece veered toward a default on its debt, while the euro recovered from early sharp loss to turn higher against the dollar. Greece will not pay a 1.6 billon euro loan installment due the International Monetary Fund on Tuesday, a Greek government official told Reuters. Talks between Athens and its...
*Yen sharply higher after Greece fails to reach deal, sets vote. Greece looks virtually certain to miss a $1.77 billion debt repayment to the International Monetary Fund on Tuesday as the country's European partners shut the door on extending a credit lifeline. Greece Prime Minister Alexis Tsipras announced bank holidays and other capital controls to keep...
"The bounce back for Greece would probably be easier in a drachma world," Antonin Jullier, global head of equity trading strategy at Citi, tells CNBC.
NEW YORK, June 29- U.S. stocks added to a global selloff on Monday as markets digested news of capital controls in Greece and the country veered toward a default on its debt, while the euro recouped some of its earlier losses against the dollar. Talks between Athens and its creditors broke down over the weekend after Prime Minister Alexis Tsipras called a surprise...
Art Cashin, UBS, joins the "Squawk on the Street" team to discuss the impact of Greece's departure from the euro.
CNBC's Steve Liesman takes a look at the issue of Greek contagion as global markets side amid Greek crisis fears.
*Yen sharply higher after Greece fails to reach deal, sets vote. LONDON, June 29- The euro proved broadly resilient on Monday to Greece's moving one step closer to an exit from the single currency, helped by intervention by the Swiss National Bank and investors concluding that the situation in Athens still has some way to run. Greece looks virtually certain to miss a...
I think when the Greek people realize they have no money for goods and services they will realize the best outcome they have is to go back to the euro, says Robert Wolf, 32 Advisors CEO, sharing his perspective on the likely outcome from the Greek debt crisis.
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.
CNBC's Michelle Caruso-Cabrera reports Greek banks are closed and Greek citizens are limited to 60 euros per day at the ATM.
Wilbur Ross, WL Ross & Company chairman & CEO, shares his thoughts on the likely outcome of Greece's debt crisis, and discusses his investments in Greek banks. Also Ross explains how tourism will be impacted should Greek people take to the streets in protest.