Rumors of a Greek default is “rubbish”: CNBC »

Rumors of a Greek default is “rubbish”: CNBC

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

Global bondholders to decide on Greek swap offer »

Global bondholders to decide on Greek swap offer

By George Georgiopoulos
ATHENS | Fri Sep 9, 2011 4:26am EDT

ATHENS (Reuters) – Investors in Greek government debt worldwide will tell regulators on Friday whether and how they will participate in a bond swap aimed at giving Athens more time to emerge from a debt crisis, with [...]

Greek unemployment rate (June) 16.0% vs. 16.6% prior. »

Greek unemployment rate (June) 16.0% vs. 16.6% prior.

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

Greek backsliding sparks euro exit talk »

Greek backsliding sparks euro exit talk

By Madeline Chambers and Noah Barkin
BERLIN | Thu Sep 8, 2011 7:09am EDT

BERLIN (Reuters) – Anger at Greece’s failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point in Berlin and other European capitals, with senior politicians now talking [...]

Greek crisis highlights shaky role for ratings agencies »

Greek crisis highlights shaky role for ratings agencies

NEW YORK (Reuters) – Standard and Poor’s starring role in the latest chapter of the European debt crisis has rekindled criticism on Wall Street about the role of rating agencies in credit markets.

S&P downgraded Greek debt to junk status on Tuesday and also cut ratings for Portugal and Spain this week in a series of [...]

Stock futures drop on Greek deficit news, U.S. data eyed »

Stock futures drop on Greek deficit news, U.S. data eyed

NEW YORK (Reuters) – U.S. stock index futures fell on Thursday as Greece’s financial position appeared to deteriorate, hurting risk appetite.

Greece

Doubts over Greece’s ability to finance itself have triggered negative investor sentiment in recent months. On Thursday, the European Union reported that Greece, as well as Ireland, had much larger budget deficits last year than [...]

Greek struggles continue to dominate flight to safety »

Greek struggles continue to dominate flight to safety

On Wednesday; it was an interesting day on global markets, with investors enjoying quite a lot of good news. However, this dynamic was again not visible in the EUR/USD price action. The currency pair was still more or less paralyzed by conflicting signals. On Greece, there was not really any fresh news, but widening credit [...]

Germany needs no extra budget for Greek aid: finance minister »

Germany needs no extra budget for Greek aid: finance minister

BERLIN (Reuters) – Germany will not need a supplementary budget to pay for an aid package to Greece, Finance Minister Wolfgang Schaeuble was quoted as saying on Saturday, adding he did not expect German taxpayers to suffer.

Germany  |  Greece

Greece is moving closer to activating an emergency aid package by seeking to clarify details of how help from [...]

Euro defies weakness in Greek debt »

Euro defies weakness in Greek debt

The sun shone brightly over the Pacific this morning leaving investors in no doubt that the region is set to ride the building crest of a wave in the coming quarters. A fresh wave of enthusiasm for the Asian growth rebound helped tip the scales against the low-yielding yen and in favor of other high-yielding [...]

Europe’s Greek plan gets lukewarm market response (AP) »

Europe’s Greek plan gets lukewarm market response 
    (AP)

LONDON – The euro rebounded from a 10-month low on Friday but European stocks dropped, as markets gave an initially lukewarm response to the eurozone’s bailout program for
, which would extend loans only as a last resort and involve the International Monetary Fund.
Investors’ reaction was mixed because while the program does provide a [...]