Greeks will go to the polls for their fifth time in six years on September 20, as the government seeks a fresh mandate to implement reforms demanded under the new 86-billion-euro (USD 96-billion) international bailout.
Stephane Deo of UBS Investment Bank feels that the economic data is the main reason for markets getting spooked on Thursday.
Nick Parsons Of National Australia Bank believes that Cyprus exit from Euro Zone is very unlikely and difficult preposition from political perspective.
Ahead of the EU meet on October 18 and 19, Richard Harris of Port Shelter Investment Management feels not much is expected from the meeting. At the moment, issues related to the Greece-Troika and Spain's bailout are more important, he added.
Nick Parsons of National Australia Bank explains to CNBC-TV18 that the rally in the European markets is not over yet and that a stronger rupee could boost the Sensex which is within striking distance of the year's high of 18,520.
Marco Valli, chief euro-zone economist, Unicredit, explains to CNBC-TV18 that any additional demands made by the Troika (the European Union, the ECB and IMF) on Italy and Spain will not be severe as both countries are already implementing the required reforms and fiscal consolidation.
Sarah Hewin of Standard Chartered talks about what global markets are possibly expecting from the EU summit and what can practically be delivered.
Credit ratings agency Standard and Poor's said on Monday that it sees "at least" a one-in-three chance of Greece exiting the euro zone in the coming months.
Greece moved closer to a second snap election on Wednesday when the head of the biggest party launched a new attack on radical leftist Alexis Tsipras.
The man behind much of Tuesday's market selloff is a 37-year-old Greek named Alexi Tsipras, the leader of the Coalition for the Radical Left.
Jean-Claude Manini, senior economist-Europe, The Conference Board talks to CNBC-TV18's Menaka Doshi over concerns that Spain was slowly sinking into a European abyss if no financial aid came about soon.
Greek lawmakers will vote this weekend on a controversial austerity bill that Athens needs to avoid a messy default but which is fuelling a domestic political and social crisis that has brought thousands of Greeks out on the streets in protest.
Nick Parsons, global head (FX Strategy) at National Australia Bank spoke to CNBC-TV18 about the happenings in Europe and how the markets is likely to react to news from there.
Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
Speaking exclusively to CNBC's Michelle Caruso-Cabrera, Greece Prime Minister Lucas Papademos said negotiators are close to reaching a mutually acceptable agreement with private creditors.
James Ashley, Senior European Economist, RBS Capital Markets is pessimistic enough to say that markets are literally trading from one headline to the next.
Greek lawmakers have approved an unpopular property tax law.