Greece tops G8 agenda as eurozone crisis snares Spain
France24 - 3 hours 50 min ago
Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as President Barack Obama met other G8 leaders for crisis talks in the United States.The Group of Eight top economies came together on Friday as Greece faces its second election in just six weeks, putting its euro ...

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Indiatimes - Greece tops G8 agenda as euro crisis snares Spain - 4 hours 23 min ago

Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as Obama met other G8 leaders for crisis talks in United States.

New York Times - Greece and Germany in War of Words Over Euro Crisis - 7 hours 5 min ago

A telephone conversation on Friday between Germany’s chancellor and Greece’s president became the latest flashpoint in the unfolding crisis over Greece’s membership in the euro.

BBC - Merkel 'suggests Greek euro vote' - 11 hours 54 min ago

German leader Angela Merkel suggests Greece could hold a referendum on the euro alongside national elections next month, Greek officials say.

France24 - Fitch downgrades Greek banks after sovereign cut - 12 hours 30 min ago

Fitch lowered its ratings of Greek banks Friday in the wake of its cut of the country's sovereign rating.Fitch put the new rating for the National Bank of Greece, Efg Eurobank Ergasias, Alpha Bank, Piraeus Bank and Agricultural Bank of Greece at CCC, down from B-minus, in the mid-level range for ...

Wall Street Journal - EU Official: Greek Exit Plans Discussed - 13 hours 3 min ago

The European Commission and the ECB are drawing up plans should Greece abandon the euro, Trade Commissioner Karel De Gucht said in an interview published Friday.

Reuters - Europe thinks the unthinkable on Greece - 16 hours 17 min ago

BRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities.

Wall Street Journal - Defiant Message From Greece - 16 hours 27 min ago

Alexis Tsipras, head of Greece's radical left party, said in an interview with the Journal that there is little chance Europe will cut off funding to the country and if it does, Greece will repudiate its debts.

New York Times - Euro Watch: Markets on Edge After Downgrades in Europe - 17 hours 44 min ago

Fresh credit rating downgrades affected Greece and Spain as the Group of Eight leaders gathered.

France24 - Eurozone crisis drives down stocks before G8 - 19 hours 10 min ago

World stock prices fell on Friday and the euro hit yet another four-month low point, hit by a ratings downgrade for Greece and warnings for 16 Spanish banks, before a key G8 meeting.In early morning deals, London's benchmark FTSE 100 index dropped 1.02 percent to 5,284.09 points, Frankfurt's DAX 30 ...

Indiatimes - Greece starts work on new polls - 20 hours 44 min ago

Greece began preparing for its second election in just six weeks, with increasing alarm over the crisis in the eurozone after the savage downgrading of banks in Spain.

Reuters - EU, ECB working on Greece exit contingency: report - 20 hours 47 min ago

BRUSSELS (Reuters) - The European Commission and the European Central Bank are working on an emergency scenario in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht said in an interview published on Friday.

Indiatimes - 'Greece needs growth as well as debt cuts' - 22 hours 8 min ago

Greece's European partners took too long to help the country and the goal must now be to spur economic growth as well as cutting the debts , said French PM.

Reuters - Global shares slide amid fears for Spanish banks, growth - 23 hours 40 min ago

TOKYO (Reuters) - Asian shares tumbled on Friday and were set for their worst weekly showing since September, amid political turmoil in Greece and signs of growing instability in Spanish banks, with investors adding the latest weak U.S. data to the list of risk factors.

COMMENTARY:

Mike Shedlock - Merkel to Approach Greece with "Growth Proposals" while Asking for Referendum on Euro; Elections Provide Yet Another Attempt to Snatch Defeat From Jaws of Victory; New Democracy Leads Latest Poll - 9 hours 59 min ago

Greek elections are set for June 17th following the impasse of the last election where no majority government formed. The "Destroy Greece to Save the Euro" clowns led by German Chancellor Angela Merkel are out in force hoping to turn the vote into a direct referendum on the Euro. The election is ...

BusinessInsider - UPDATE: Germany Denies Asking Greece To Hold A Referendum On The Euro - 11 hours 11 min ago

ORIGINAL:

Minyanville - What Is the Most Likely Scenario If Greece Exits the Eurozone? - 12 hours 5 min ago

All eyes are on Greece which is heading toward national elections six weeks after the last vote. Many feel that a Greek euro exit would be a chance to cauterize a festering wound and move on. There are also those that feel that Greece could be the first of several dominoes to fall much larger ...

WSJ Blogs - Real Time Brussels : A Product Greece Still Makes:Money - 13 hours 27 min ago

BusinessInsider - French Finance Minister Baroin: Greece Is Not A Major Risk For France - 13 hours 52 min ago

Francois Barion, the departing French finance minister, was recently interviewed on a French radio station reported Binyamin Appelbaum of the New York Times. He argued that concerns of a

BusinessInsider - Is Greece Already Stepping Back From The Ledge? - 19 hours 58 min ago

Here's an interesting paragraph from Nomura's Americas Morning Comment today... Assuming no shock announcements from Greece (where opinion polls are looking more constructive from a market perspective) or elsewhere, investors who made the right call this week may well looking to book some profits ...