Amid Greece's Sisyphean drama, the euro has been like a brick—you can throw it, just not very far. But that's only temporary, Goldman Sachs says, sticking with its call for near-parity with the dollar.
Hedge fund pioneer Julian Robertson believes the euro could easily go below parity with the U.S. dollar, and if Greece exits the euro, it could happen fairly quickly, he said Tuesday. The billionaire, who has been short the euro, cited contagion ...
The United States National Security Agency has been massively targeting phone numbers of top German ministers and public officials responsible for commerce, finances, economics and agriculture - including even Angela Merkel's personal assistant.
The euro has also remained resilient and experienced modest losses this week after Greece imposed capital controls and closed its banks ahead of a referendum on Sunday that could pave the way for the country leaving the eurozone.
So, Greece is in dire straits, and the rest of Europe is being tough on its poor, debt-ridden cousin. Germany is being especially firm, and most Germans agree with their chancellor, Angela Merkel: A debt is a debt, and debts must be paid.