With investor caution at unprecedented highs and no end in sight to the debt crisis, one investment manager thinks he has the definitive list on where to invest to maximize returns despite market volatility.
French President, Francois Hollande has cast himself as the European leader pushing hardest to forge a growth-oriented “new path” through the euro zone’s grinding debt crisis, pitting him against the austerity-minded German Chancellor Angela Merkel, the New York Times reports.
Some of Europe’s biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the euro zone and single currency turmoil, the Financial Times reports.
The euro has had a little bounce after its early morning tumble. Here's where one strategist says it's headed next.
"In the near term, I think the move is lower and the fundamentals are working against the euro," says Willie Williams of Societe Generale. The FMHR traders weigh in on European concerns and the best currency play right now.
"It's out strong preference that Greece stays in the euro zone". We are working on plan A," Joerg Asmussen, member of the Executive Board of the ECB, told TVN/CNBC.
The euro zone debt crisis will continue to dominate European stocks in 2012, with even well-run companies in danger of being sucked into the morass, according to S&P Capital IQ.
Joint bonds issued by the euro zone, also known as Eurobonds, are one of the possible solutions to Europe’s debt crisis, Joaquin Almunia, vice president of the European Commission told CNBC, “but many conditions would have to be met” before they were introduced.
Greece will leave the euro zone next year and the country's new currency will "immediately fall by 60 percent," according to Citi chief economist Willem Buiter.
Ever wondered why European politicians appear so calm when attending summits in Brussels or G8 meetings despite all the talk of a “Grexit” and economic Armageddon?
Amid worries that Greece might ditch the euro after its upcoming election, the telltale sign of such a move will likely come much sooner, Benn Steil of the Council on Foreign Relations said Wednesday.
Benn Steil, Council on Foreign Relations, offers insight on what could happen next as Europe's debt crisis escalates.
John Lekas, Leader Capital, finds the silver lining in the escalating European debt crisis. "Germany has done a great job managing it for themselves," he says. "Greece is a lost cause."
To the frustration of Mario Draghi the European Central Bank is once again being eyed as a possible saviour of Europe’s monetary union. The FT reports.
The move would involve complex legal and financial steps and could set back the economy further, many say. The New York Times reports.
European leaders meet in Brussels this evening for an informal dinner being billed as a showdown between German Chancellor Angela Merkel and French President Francois Hollande over the tricky issue of Eurobonds—bonds issued by the EU and backed by euro zone members collectively.
At a time where the debate over whether Greece should or shouldn't leave the euro zone reaches boiling point, shipping could prove critical for Greece's drive for sustainable growth.
Former Greek Prime Minister Lucas Papademos told CNBC there are no preparations underway in Greece for possibly exiting the euro, but can't "exclude the possibility" that other countries are making arrangements.
To alleviate Europe’s debt crisis, Cramer thinks these two measures need to be taken.
The odds are rising of a Greek exit from the euro - but what happens next is another question.