*Escalation of Ukraine tensions pushes up yen, Swiss franc. LONDON, Aug 28- The yen and Swiss franc gained on Thursday, while the euro fell, as concerns about a serious escalation in tensions between Ukraine and Russia rattled investors and drove them to seek safe-haven currencies.» Read More
The country's budget slashes pay in the public sector and is now being seen as the model that countries such as Greece need to mimic.
Ireland's government should be tougher on striking "overpaid" public workers if it wants to help the country get out of the economic recession, Ryanair CEO Michael O'Leary told CNBC Thursday.
Debt crisis! Public Spending out of Control! Bond Market Panic! Eurozone Collapse Fears! These headlines and many others of the same ilk are often used to describe situations akin to the present one facing the Greek economy.
Greece does not pose a systemic risk to the broader euro-zone area, according to ratings agency Fitch, which has twice downgraded Greek sovereign debt and still maintains a negative outlook on the country.
The euro has been very good for Greece and the possibility of the country exiting the euro zone, as some analysts speculated recently, is "absurd," Greek Finance Minister George Papaconstantinou said Wednesday.
Greece needs to act on fraudulent reporting and political meddling of statistics to regain its credibility in the eyes of the European Union, Swedish Finance Minister Anders Borg told CNBC late Tuesday.
Greece is in dire need of a modern day Leonidas. The country is facing present day foes equal perhaps to Sirens, Minotaurs and snake-haired Gorgons all added together.
With weakness in Greece dragging down the euro, how should you game currencies? Find out from Fast Money's Ambassador, Tim Seymour!
The European Union finance ministers will try to pin down Greece on its strategy for reducing its huge deficit and plans to reform its statistics office.
Crisis? What crisis? ….. That seems to be the message German Chancellor Angela Merkel wanted to send out after a top-level coalition meeting in Berlin last night.
The euro will become the world's favorite reserve currency because Europe has a better growth strategy than the US, David Roche, global strategist at Independent Strategy told CNBC.
The number of counterfeit euro bank notes withdrawn from circulation rose 8 percent during the last six months of 2009, with the 20 euro ($28.80) bill the most widely forged, the European Central Bank said Monday.
Diego Iscaro from IHS Global Insight says he believes Greece will not be allowed to fail given the impact it would have on other euro zone members like Spain, Ireland and Portugal.
The recent decline in the euro versus the dollar is the start of a larger correction and investors should sell any rallies in the currency cross, Roelof van den Akker from ING Wholesale Banking told CNBC Tuesday.
Fears are growing that Greece or another weak country may default on its sovereign debt obligations, forcing the richer countries in Europe to ride to the rescue or face the risks, the New York Times reports.
Analysts predict the U.S. currency will build on its end-of-the-year gains, but it will only be a modest rally on the back of the improving economy and higher interest rates.
Moody's smaller than expected downgrade of Greece's credit rating shows that markets are starting to believe the government's efforts to contain the budget deficit, Greek Finance Minister George Papaconstantinou told CNBC Tuesday.
The European Summit kicked off Friday with Greece's mounting debt and deficit problems at the head of the conference agenda.
Nassim Taleb, the author of "The Black Swan", said he would retire from public life if Federal Reserve Chairman Ben Bernanke gains a second term at the helm of the central bank.
"The dollar over the next year or two will tend to see downward pressure because our recovery will be fragile and uneven," says one economist.