The president of the European Commission, Jose Manuel Barroso, says Greece has received plenty of assistance.
U.S. stocks face a tough road Wednesday as investors worry about Greece leaving the eurozone and a slowdown in Asian economies. Technology stocks may come under pressure after Dell reported weak sales, sending its shares plunging nearly 13% in premarket trading.
CNN's Richard quest talks to the European Commission's Ollie Rehn about the euro being better off with Greece.
The wheels are coming off the wagon. The fat lady is about to sing. The proverbial is about to hit the fan. It doesn't matter which saying you use, the facts are inescapable. Greece's membership of the eurozone is untenable under the current conditions and everyone knows it. Some like Hungary's finance minister say openly Greece will leave the euro. The only question is what catalyst will force it out and when. The nearest deadline to hand is the country's June 17th elections, when the Greek voters will decide whether to support parties who will adhere to the bailout agreements or those who want to tear them up.
CNNMoney: Stocks set to reboundupdated: Mon May 21 2012 08:32:00
U.S. stocks were poised to rebound Monday, after closing out one of the worst weeks of the year, as investors pinned their hopes on European leaders' abilities to manage the continent's debt crisis.
The events of the past few weeks have made increasingly probable what was once considered impossible: Greece may exit the euro.
The bank where she died in Athens is still shrouded in green tarpaulin and boarded off with corrugated iron. Graffiti scrawled in black across the front reads: "Traitors" and "killers."
Confusion, fear, frustration -- emotions are running high among Greece's people as they face the prospect of new elections next month and massive uncertainty over the country's economic future.
U.S. stock futures hovered around breakeven Thursday morning, as investors mull worries about Greece ahead of the final pricing for Facebook's initial public offering.
With apologies to John Lennon: Imagine a eurozone without Greece. It's easy if you try.
Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.
U.S. stocks were set for a higher open Wednesday, as investors weigh political uncertainty in Greece against mixed earnings reports and housing data.
Greece will hold new elections in response to a political stalemate that left the debt-racked country unable to form a government, the office of President Karolos Papoulias said Tuesday.
Greek president Karolos Papoulias proposes a technocratic government after coalition talks fail to produce anything.
A Jewish group in Greece has condemned the leader of the extreme-right Golden Dawn party over comments he made about the Holocaust in a TV interview.
Oil prices fell more than $2 a barrel Monday, hitting a five-month low as worries over Greece and JPMorgan's big loss spooked traders.
Greek President Karolos Papoulias is to hold talks in the next day with party leaders in a bid to create a national unity government, his office said Saturday.
Journalist Elinda Labropoulou discusses a third attempt to form a coalition government in Greece.
Greece may have given us the word democracy and many of the principles of civil society. But now it is "the sick man of Europe," and the people of other European democracies are asking whether it's worth saving with billions more dollars of their money. Put crudely, their argument is this: So what if Greece slides ignominiously out of the eurozone?
The leader of the socialist PASOK party in Greece is starting efforts to build a government, his party said, making him the third Greek politician since Sunday to try to do so.
The Olympic torch lights the way to the Summer Games in London.
CNN's Matthew Chance looks at how an ultra-nationalist group moved from the fringes of politics to parliament in Greece.
U.S. stocks sank Tuesday, although the major indexes closed off session lows, as Greece's uncertain political situation keeps investors on edge.
U.S. stocks were set to open lower Tuesday as Greece's uncertain political situation keeps investors on edge.
Sunday's parliamentary election in Greece delivered a crushing blow to New Democracy and Pasok, the two dominant parties that have ruled the country for the last 37 years. In the coming weeks, expect uncertainty, shifting alliances and growing frustration as a new political landscape struggles to emerge from the wreckage of the old.
Austerity measures topped the agenda as Greeks went to the polls to vote for parliamentary seats.
Greece's main center-right party has failed to form a coalition government Monday, adding yet more uncertainty to the debt-ridden country's political situation.
Voters dealt major blows to Greece's two most established parties in parliamentary elections Sunday, leaving no party with anything approaching a majority and the politically and economically volatile nation even more in flux.
Voters in Greece prepared Saturday to take part in parliamentary elections, with wide uncertainty over what government will emerge from Sunday's vote and how it will handle the austerity crisis gripping the nation.
Greece will hold parliamentary elections May 6, Prime Minister Lucas Papademos announced Wednesday.
Next week all eyes will be on inflation and Greece.
After a week dominated by hopes and fears about Greece, investors will continue to follow the plight of the nation at the center of Europe's debt crisis as it enters another crucial week.
Stocks surged last week to their highest levels in years, but there are few key economic reports slated for the week ahead to sustain the rally.
The leader of the eurozone's fastest growing economy says he has faced broad public opposition at home to bailing out "rich Greece people who are always drinking the ouzo."
Athens' Olympic stadium suffered heavy damage during violent clashes between soccer fans and police, authorities said.
Greece's caretaker prime minister insists that a "large, silent majority" of Greeks are willing to do whatever is needed to stay in the eurozone, despite near-daily anti-austerity demonstrations.
CNN's Richard Quest spoke to Alexander Stubb, the trade minister of Finland.
A slightly better-than-expected jobs report and positive news out of Greece will likely give stocks a lift Friday.
U.S. stocks closed higher Thursday as investors grew hopeful that private-sector bondholders are on the verge of accepting a debt-swap deal with Greece.
CNNMoney: Optimism on Greeceupdated: Thu Mar 08 2012 08:45:00
U.S. stocks pointed toward a higher open Thursday, as investors await further developments in Greece ahead of a crucial debt swap and mixed data on the job market.
For a country that has faced many moments of truth over the past few years, Greece is on the cusp of what could be a real make or break moment.
Greece has threatened to default on any of its bondholders who do not take part in a ?206bn debt restructuring that officials believe is key to returning Athens to solvency, a move that turns up the heat on potential holdouts ahead of a deadline on Thursday.
The last few months have witnessed a dramatic turn in the way democratic politics are conducted in a sovereign country that is also a member state of the European Union. The depth of the economic crisis and the increasing dependency of Greece on external funds to survive have led to an unprecedented degree of national humiliation and destabilization of the political system.
CNNMoney: S&P downgrades Greeceupdated: Mon Feb 27 2012 18:30:00
Standard & Poor's downgraded Greece's credit rating Monday to "selective default" after the government took legal steps to impose losses on all holders of Greek government bonds.
In a widely expected move, German lawmakers approved Monday a politically unpopular second bailout for Greece.
U.S. stocks drifted lower Wednesday amid doubts over the latest bailout for Greece and concerns about global economic growth.
U.S. stocks were poised for a slightly lower open Wednesday, as investors question whether Greece's newest bailout will be effective.
Once again, Greece appears to have been snatched back from the brink of default with the promise of more bailout money.
It looks like Greece will avoid an outright default in the short run now that eurozone finance officials have signed off on a second bailout for the debt-stricken nation.
EU ministers want to see more before signing off on a Greek austerity plan. CNN's Jim Boulden reports.
Eurozone finance ministers have agreed a second bailout package for Greece, giving it the funds it needs to avoid a potential default next month.
U.S. investors finally can consider an actual deal to help Greece avoid default when trading begins Tuesday.
A "strictly confidential" report on Greece's debt projections prepared for eurozone finance ministers reveals Athens' rescue programme is way off track and suggests the Greek government may need another bail-out once a second rescue -- set to be agreed on Monday night -- runs out.
Eurozone finance officials remained behind closed doors late Monday as a crucial round of talks over a second bailout for Greece looked set to run late into the night.
Eurozone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to ?170bn.
It's officially crunch time. European finance ministers need to agree to the terms of a second bailout to keep Greece from defaulting on an upcoming bond payment.
European stocks have rallied this year on hopes that a full-blown contagion can be avoided, but the outlook remains fraught with risks, not the least of which is what might happen with Greece.
Can the market sustain its rally, or will prospects of a Greek default shatter investors' risk appetite? The Dow Jones Industrial Average closed at its highest level since 2008 Friday. For the year, the Dow is up almost 6%, and the S&P 500 is up more than 8%. The Nasdaq has made an impressive 13% run.
A manhunt was under way Saturday in Greece for two suspects who tied up a guard, stormed the Archeological Museum of Olympia, smashed glass casings and stole dozens of small statues, state media reported.
U.S. stocks capped off a solid week on either side of the break even line Friday, as investors hesitated to make big bets ahead of a key vote on a second bailout for Greece.
U.S. stocks were headed for a flat open Friday, after finishing the previous session at multi-year highs, as investors hesitated to make big bets before a key vote on a second bailout for Greece.
Stocks had one of their worst days of the year Wednesday as Greece reminded everyone that it is still Greece. The Dow narrowly steered clear of its first triple-digit point drop since December 28.
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
CNN's Emily Reuben reports on how European countries can encourage growth in the economy.
U.S. stocks closed lower Wednesday as the euro hit a 1-week low on uncertainty over Greece's debt problems.
European finance ministers expect to make a decision on a second bailout for Greece early next week, a top eurozone official said Wednesday.
As Greece continues to try to push through tough austerity measures to secure desperately needed bailout funds, the bad news just keeps piling up.
U.S. stocks recovered from earlier losses late Tuesday to closed mixed amid an uncertain situation in Greece, where political leaders are scrambling to secure a second bailout and avoid a default.
Max Foster talks to Greek neurosurgeon Panos Papanicolaou about the impact the austerity measures have on citizens.
U.S. stocks rose Monday after the Greek government approved a key austerity package, lifting hopes the nation will qualify for more bailout money and avoid a messy default.
CNN's Matthew Chance reports on the Greek economic crisis and how people on the street are feeling.
Anger over Greece's austerity measures exploded in the streets of Athens early Monday as tens of thousands of protesters clashed with police in riots that left 106 police officers and dozens of civilians injured, according to police.
CNN's Matthew Chance reports from Athens as lawmakers in Greece approve further austerity measures.
The Greek Parliament has voted, protesters have protested, buildings are burning: What next? The tranche of funding Greece needs will probably be disbursed and default -- at least in March -- will be avoided.
Lawmakers in Greece voted early Monday to approve another round of austerity measures, sought in return for a new eurozone bailout of the debt-stricken country, while protests raged in the streets.
CNN's Matthew Chance reports on new austerity measures approved by Greece's cabinet ahead of a parliamentary vote.
Greece's Cabinet approved austerity measures demanded in return for a new eurozone bailout of the debt-stricken country Saturday, a day ahead of a crucial vote in Parliament.
CNN's Diana Magnay talks to German Finance Min. Wolfgang Schauble about what Greece needs to do to get out of trouble.
It was a day of reckoning for the stock market.
The Greek government faces a crucial test this weekend as the nation's parliament is set to vote Sunday on austerity reforms needed to qualify for a second bailout.
New protests begin in Athens less than 24 hours after EU leaders rejected Greece's proposed bailout deal.
Yannis Stournaras with the Foundation for Economic and Industrial Research on rescue plans for Greece's debt crisis.
Greek political leaders agreed to a package of austerity reforms Thursday, marking the first step toward securing much-needed bailout funds.
U.S. stocks edged higher Wednesday as investors remained focused on Greece, where the government is scrambling to secure more bailout funds and avoid a default.
Greek political leaders were meeting Wednesday to hammer out an agreement on austerity reforms as the nation scrambles to avoid a default.
U.S. stocks were set to take another step higher Wednesday, extending gains from the previous day, as hopeful investors continue to bet that Greece will soon secure the bailout it needs to avoid a disorderly default.
U.S. stocks moved higher Tuesday, erasing earlier losses, on hopes that Greece is nearing a deal to secure more bailout money.
Unions in Greece stage a general strike as politicians consider more cuts. CNN's Jim Boulden explains.
U.S. stocks were set to open slightly lower Tuesday, as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.
U.S. stocks hovered below the breakeven line throughout the trading day Monday, as investors anxiously awaited a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default.
CNNMoney: Greece on the brinkupdated: Mon Feb 06 2012 15:04:00
Officials in Greece are under pressure to reach an agreement on a new bailout package, as the threat of a default hangs over the country.
U.S. stocks were set for a weak open Monday as investors anxiously await a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default.
After wreaking havoc in global financial markets last year, the debt crisis in Europe has entered a complicated new phase in 2012.
European leaders are proposing new measures to combat soaring youth unemployment as the scramble to halt the continent's debt crisis continues despite agreement over financial safeguards.
Maybe the euro isn't doomed after all?
German leaders are furious with Greece. Yet again they have to go back to their electorates asking for more billions to throw down the black hole that is the Hellenic Republic. They have now become so angry that they are even openly proposing that Greece's fiscal affairs be deferred to some European Commissioner, preferably one of a Teutonic disposition.
CNN's Richard Quest talks to former EU commissioner Peter Sutherland about the eurozone economic crisis.
The German government wants Greece to cede sovereignty over tax and spending decisions to a eurozone "budget commissioner" to secure a second ?130bn bail-out, according to a copy of the proposal obtained by the Financial Times.
U.S. stocks were poised for a quiet open Wednesday, as investors await the latest interest rate decision from the Federal Reserve and keep an eye on Greece's debt talks.
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