Euro drops below $1.1 as Greek exit risks grow

Last Updated: Monday, June 29, 2015, 07:18

The European single currency briefly dropped below $1.1 on Monday as investors grow concerned Greece is headed for a debt default and a possible eurozone exit.

`Grexit` to `Greferendum`: Athens on the brink of default

Last Updated: Sunday, June 28, 2015, 15:46

In Brussels, a sense of stupor prevails. The decision comes at the worst moment, in the final stage of negotiations when "98-99 percent" of the deal had already been agreed, according to a participant in the talks.

Europe's bankers fear Brexit more than Grexit

Last Updated: Thursday, June 25, 2015, 19:44

The possibility of Britain leaving the European Union sometime in the future worries European bankers a great deal more than the prospect that Greece might be on its way out soon.

Greek banks `cannot afford` no deal: Eurobank chief

Last Updated: Monday, June 22, 2015, 21:51

Greek banks "cannot afford" the current uncertainty, the chairman of one of Greece`s biggest lenders said on Monday, warning that failure to reach an agreement with creditors would be "disastrous".

'Grexit' would be 'beginning of the end of the eurozone': Greek PM

Last Updated: Friday, June 19, 2015, 13:28

A Greek exit from the eurozone would be the beginning of the end of the single currency, Greek Prime Minister Alexis Tsipras was quoted as saying Friday in a newspaper interview.

Forecasts of Greek euro exit premature: Dijsselbloem

Last Updated: Wednesday, June 17, 2015, 19:07

Eurogroup chairman Jeroen Dijsselbloem said Wednesday he is still working to keep Greece within the eurozone and that any predictions about a so-called Grexit are premature.

Market calm on Grexit an eerie recall of pre-Lehman bets

Last Updated: Thursday, May 28, 2015, 17:30

Relative calm on global markets during the latest Greek debt standoff more closely reflects the low probability assigned to a euro exit than how contained such a shock could be.

Greece told to move `urgently` on detailed debt plan

Last Updated: Sunday, April 19, 2015, 04:33

Greece was told Saturday to urgently deliver a detailed fiscal and debt plan to official lenders as the IMF-World Bank spring meetings wound up amid escalating worries of a looming default.

Eurogroup head warns against a game of chicken with Greece

Last Updated: Saturday, April 18, 2015, 03:47

Greece and the euro zone should not play a game of chicken to see who can hold out longer in negotiations about more lending to Athens in exchange for reforms, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Friday.

IMF does not expect Greek eurozone exit after election

Last Updated: Thursday, January 22, 2015, 21:43

The International Monetary Fund on Thursday downplayed the possibility that Greece would exit the eurozone after Sunday`s general election that could be won by the anti-austerity leftist Syriza party.

Elections, bankruptcy, bank runs: The (unlikely) scenario of a `Grexit`

Last Updated: Wednesday, January 7, 2015, 01:38

A government which refuses to pay its debts, bank runs and investors fleeing: that is what a Greek exit from the euro, or a `Grexit`, would look like according to economists, although most still believe it is unlikely.