European policymakers are working on "last chance" options to bring Greece's debts down and keep it in the euro zone.
Alok Sama of Baer Capital Partners feels that while Indian equities certainly shone at the beginning of the year, even going ahead and outperforming many emerging markets, it is still not a base case for many global investors.
Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece's debt crisis flares again but any respite for Madrid and the euro may be short-lived.
The rupee pulled back from a near three-year high on Wednesday, dragged by a retreating euro on renewed concerns on Greece's debt crisis, chipping away comfort from the Reserve Bank of India's dollar-inflow boosting hefty rate increase on Tuesday.
The euro rallied about 1% versus the dollar yesterday on the back of hope that there will be a final resolution with the Greece debt crisis versus some curtailment of the contagion risk now. Sarah Hewin, Head of Research at Standard Chartered Bank talks about how she sees the sitauation in the Eurozone shaping up.
The Greece debt crisis has been one of the major global issues for quite some time. Mark Konyn, CEO of RCM, a company of Allianz Global Investors, in an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, analysed the situation in Greece and how would it impact India.
Martial Godet, Head of Investment Management - New Markets at BNP Paribas said that it is difficult to forecast the outcome because of the political angle plaguing the eurozone.