There would be "havoc" if Greece left the euro zone and adopted an alternative currency, Willem Buiter, global chief economist at Citi, told CNBC. "I really think the notion that Greece exits with or ...

The Global X FTSE Greece 20 ETF (GREK) is no stranger to challenging news flow. Just last week, index provider MSCI announced it will demote Greece to emerging from developed market status becoming ...

The Bank of International Settlement holds 500.7 tonnes of gold as at the end of 2010. Why? In the third quarter of 2009 it held just under 120 tonnes. These were part of currency/gold swaps. There ...

Cubans prefer U.S. dollars to their own pesos. That's what happens when governments issue a currency that the people don't trust. But a dual-currency regime like this might the least bad way of ...

The agency upgraded the country’s ratings to BBB from BBB- and forecast a falling debt and general government budget surplus.

Would the drachma make a return to Greece if the country leaves the euro? — -- If Greece and its 11 million people left the European Union, it would be an unprecedented move within the monetary ...

Greece is confident it can meet its financing needs as it grapples with a ballooning budget deficit and may issue bonds in yen and dollars this year to do so, top Greek officials said on Thursday. The ...

The Greek government has just over two weeks, until April 8, before it enters a “critical” situation and cash runs dry in Athens. That’s according to Frankfurter Allgemeine Sonntagszeitung, the Sunday ...

BERLIN – German Chancellor Angela Merkel will make her first visit to Greece next week since the eurozone debt crisis erupted, in a show of support for Athens after it said it will run out of money at ...

NICOSIA, Cyprus – Greece may be given some more breathing room to meet its bailout commitments but no more money, European finance ministers indicated Friday as they gathered in Cyprus for a top-level ...

BERLIN – Greece’s prime minister insisted ahead of a closely watched visit to Germany that Athens doesn’t want more money from creditors, but made clear in an interview published Wednesday it would ...