A plan of "overwhelming force to let the markets know that once and for all you’re putting out the fire" in Europe, should start with letting Greece, Portugal and Ireland default, Neel Kashkari told CNBC Monday. more...

Gold touched a record high on Monday, reflecting persistent worries about the euro zone debt crisis spreading and a growing threat of a U.S. government default. more...

It is inevitable that the US will default when the debt ceiling deadline on August 2 comes around, David Murrin, chief investment officer at Emergent Asset Management told CNBC. more...

European leaders are for the first time prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country's overall debt levels on a sustainable footing, reported the FT. more...

With markets and political analysts beginning to say that a Greek default is unavoidable, continuing to delay the inevitable may be the best bet to avoid contagion into other Southern European countries, according to some market observers. more...

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Greece debt problems and the U.S. dollar are driving market action today. Insight on how to play the volatile markets, with Sean Kraus, Citizens Trust, and David Gilmore, Foreign Exchange more...