Grexit

Before "Brexit," there was "Grexit." The term "Grexit" — a combination of the words "Greek" and "exit" — is believed to have originated by Citigroup's economist Ebrahim Rahbari in 2012. Supporters of "Grexit" believe Greece's economic future is better served apart from the European...

Signs of life for Greece’s economy and ability to stay in the European Union are piling up of late. Greece’s parliament recently approved austerity measures required to unlock its next wave of rescue funds from its creditors. The International Monetary Fund has called for “...

UBS believes that the U.K. could vote on exiting the eurozone in 2016. Although an exit is possible, UBS believes that a compromise that keeps the U.K. in the EU is more likely. A “hard exit” from the EU could be devastating to the U.K. economy. A new report by UBS analyst David...

For the first time in a long time, Europe is beginning to look appealing for investors. The region has been through a difficult year of economic and political uncertainty, and despite predictions that the eurozone would crumble just a few months ago, the region appears to be turning a corner into...

Get a full recap of this week's outlook in the video below: Scoreboard With the lack of hopium sources, equity markets ended the week on a sour note. Friday The Friday close was largely saved from much worse results by Apple Inc. (NASDAQ: AAPL) mightily defending the 108.5 level (see the...

Greek voters overwhelmingly voted "no" to a bailout plan proposed by Greece's foreign creditors. Here is a roundup of what Wall Street's top economic analysts had to say. Goldman Sachs: Greek Banks Could Come Under Strain Goldman Sachs analyst Pawel Dziedzic argued that a...

Statista data journalist Niall McCarthy has just released a compelling infographic explaining how many Europeans want a "Grexit." The numbers, sourced from a YouGov poll, are broken down by country. Germany leads the pack with 53 percent of respondents preferring a Greece exit from...

On Monday morning, European markets were reeling after Greek voters' decision to strike down the bailout deal offered to Greece on Sunday. The nation's voters stood firmly behind Prime Minister Alexis Tsipras and the leftist Syriza government, who promised to reach a new bailout deal...

With Greeks apparently rejecting bailout terms from creditors, one expert expects turmoil in the markets. In a Facebook post on Sunday, Mohamed A. El-Erian, Chief Economic Adviser at Allianz and former PIMCO head, warned if a no-vote is confirmed, "look initially for a general selloff in...

Nearly all of the submissions have been counted in Greece's referendum poll Sunday, and the results have surprised some experts. More than 60 percent of the nation's votes said "no" -- or "Oxi" in Greek -- to bailout terms offered by the IMF, ECB and European...

With no sign of a bailout agreement in sight, Greece has arranged a referendum vote in which the nation's residents will decide whether the terms set out by Athens' creditors are acceptable. The country's Syriza-backed government was elected on promises to end austerity, but Prime Minister Alexis...

Wilbur Ross, chairman and CEO of WL Ross Holding Corp (NASDAQ: WLRHU) is regarded as a maverick when it comes to restructuring failed companies. But how do you restructure a failing government? Ross was on CNBC Monday to discuss the Greece debt crisis and whether the government can prevent a...

Get a full recap of this week's outlook in the video below: Recap: The indices ended green for the week, but ended Friday on a red note. Most notable was the outperformance of the small-caps as they busted into all-time highs. The wrench in the markets continues to be the Greek debt situation, but...