Greece

The main driver that has led to a persistent decline in the US dollar through the last several months is the divergent thrust of monetary policy. It has left the Federal Reserve as a laggard in the global cycle and, in turn, has left the…

We argue that a key driver lifting the euro has been the divergent monetary policies of the Federal Reserve and the ECB.

The euro zone periphery debt market has moved back into the fore, with Greece taking center stage again. While additional news flow out of the Ireland indicates that the Irish government is now considering the term “structured default” as a…

The results of the Irish stress tests are going to be released this afternoon at 430PM Irish time. I will be talking about the implications for investors in European markets on CNBC's Power Lunch show. I think one has to be cautious…

After more than a year since the European debt crisis began, officials have still failed to resolve it. They raised expectations for a “grand bargain” only to crash them on the shoals of political reality. The March 24-25 Summit was to…

The resilience of the euro in the face of seemingly incontrovertible evidence that Portugal will need to get assistance and that very same program and approach has not been enough to stabilize the Greek and Irish situation is amazing.…

European officials have reached an agreement in principle that falls well shy of the “comprehensive plan” officials had promised and is unlikely to provide investors with a sense of closure to the debt crisis that began in late 2009. Yet…

By Marc Chandler The newly created European Banking Authority will be overseeing the stress tests on almost 90 European banks. Recall that the stress tests last year met broad criticism for the lack of rigor. It was anticipated that the…

The three notch downgrade of Greece from Ba1 to B1 by Moody’s was a bit surprising, even to jaded followers of rating agency behavior. While we have remained negative on the country, is it really as bad off as Mongolia, Sri Lanka, Belarus,…

By Win Thin Here are some more thoughts regarding a possible Greek debt restructuring, which was reported today by the Greek press. Reports suggest that the EU, IMF, and the ECB have reached a basic understanding that a Greek debt…