After talks with German Chancellor Angela Merkel on Thursday in Brussels, Greek Prime Minister Alexis Tsipras said he wanted a deal by the end of this month
Richard Harris, (Chief Executive, Port Shelter Investment Management) spoke to CNBC-TV18 about what is the way forward for markets after Greece was declared a default by the Swap Dealers Association.
Global markets were down on fears over a Greek default and amid economic growth concerns on Tuesday. The Dow Jones Industrial Average slipped 1.57% or 203.66 points at 12759.15.
The International Monetary Fund and Greek authorities continue talks to finalize details of a new rescue package following an agreement among the country's political leaders.
Professor Raghuram Rajan from the University of Chicago's Booth School of Business, N Chandrasekaran the CEO & MD of TCS and Rajiv Lal, MD & CEO of IDFC discuss the opportunities and threats that are facing India in the context of the global economic volatility.
The euro zone debt crisis may be as much about the heart as it is about the head -- like a jilted lover, markets are just finding it hard to trust again.
Moorah Choudhry, head of business- GBM Treasury at RBS doesn’t believe there is going to be a final agreement on euro zone issues on Wednesday.
In an interview with CNBC-TV18, Trevor Williams, Chief Economist, Lloyds TSB talks about the Eurozone situation and how today's US non-farm payroll numbers could cough up negative data.
US stocks opened more than 1.0% lower on Tuesday, entering a bear market, and US crude oil prices fell to a 2011 low as investors worried about the economic implications of an increasingly likely Greek default.
Robert Johnson, the executive director of the Institute for New Economic Thinking, in an interview with CNBC-TV18's Menaka Doshi discusses the Greece situation and the possibilities of a spillover in peripheral Europe.
The pressure witnessed by the Indian market is correlated to the turmoil in European markets. Nick Parsons of National Australia Bank tells CNBC-TV18 there is a high possibility of a financial crisis looming in the near horizon.
In an interview with CNBC-TV18, Nick Parsons of National Australia Bank says over the last six weeks, global markets expressed anxiety over a possible Greek default which led them to tumble. Now, it appears that a default is almost a given.
According to Jane Foley, Senior FX Strategist at RBS, many markets have already priced in the possibilty of Greek default. One big concern for the markets is that whether or not other countries could potentially follow a default for Greece.
Bankers are bracing for a Greek default, and their best hope is that Europe can erect firewalls around the banking system strong enough and soon enough to prevent it from spreading to other euro-zone countries.
The rupee posted its biggest weekly fall in more than 15 years on Friday on heightened risk aversion amid the possibility of a recession in the developed world, even as it rebounded from a 28-month low on suspected intervention by the central bank.
World stocks drifted lower on Wednesday and the euro also slipped ahead of the Federal Reserve's closely-watched policy meeting, with concerns about a possible Greek default weighing on investor sentiment.
Following is a look at how the euro zone got into debt, possible scenarios and how it might end the crisis.
International lenders told Greece on Monday it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.
German Chancellor Angela Merkel sought on Tuesday to quash talk of an imminent Greek default as the United States voiced fresh concern at the euro zone's inability to master its debt crisis.
Fears of a Greek default that could spark a global market contagion dragged down stocks on Monday, knocking European equities to two-year lows and sending the euro to a seven-month low against the dollar.
Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed.
The euro gained on Wednesday on guarded optimism that an accord would be reached to avert a Greek default, reducing the appeal of low-risk US and German government debt.
World stocks, with the exception of Wall Street, rose on Wednesday on strong earnings results and hopes for an increase in the US debt ceiling, while the euro gained on guarded optimism that an accord to avert a Greek default would be reached.
The euro zone economy will grow slowly but steadily over the coming year, according to the latest Reuters poll, but the forecast was unchanged from the previous month in a sign economists are shrugging off the impact of the debt crisis.
European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens' debts and stop contagion to Italy and Spain.