Greece

Should Greece Ditch the Euro?

Talk about drama. German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister George Papandreou emerged from an emergency meeting on Wednesday evening with a bombshell: Greece will have to decide if …

Will Italy Bring Down the Eurozone?

Forget Greece. The biggest question mark in the never-ending eurozone debacle is now Italy.

European markets have been getting slammed over fears that Italy may be the next domino to fall. But why is Italy — whose debt problems have until now been on the back-burner — suddenly feeling the heat? First, eurozone finance ministers have …

Is Greece the Next Lehman?

We can all remember the sudden collapse of Lehman Brothers in September 2008, the official launch of the last financial crisis. Panicked investors dumped stocks and bonds around the globe in a desperate flight to cash and …

More Greek Drama: Who’s Paying the Price?

The rumors about Greece’s second bailout, worth €60 billion ($86 billion), won’t go down easy in Germany, where taxpayers are particularly outraged at the idea of shelling out more hard-earned cash for the sake of Greek salvation. So German officials are pushing for something a bit more politically palatable: getting Greece’s …

Greece Fizzles But The Dow Sizzles

Investors large and small are watching a spectacular financial fire rage across Europe, with Greece headed for either all-out default or a painful restructuring of its debt, and fellow members of the European Union in earlier stages of their own crisis. (As of Tuesday afternoon, the leaders of the European Union were announcing their …

Greece Gets Snowed Under by New York

It’s a snow day here in New York City, with a foot and a half of the white stuff muffling the traffic noise and frosting the trees in my uptown neighborhood. Downtown on Wall Street there’s snow too, but a slightly different story: Greece is being buried by traders. They have been betting big money that the Aegean nation, familiar to …

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