Europe has begun to prepare for a possible Greek exit from the euro zone ahead of elections next month that are fast becoming a referendum on the country's membership in the common currency.
As Greece girds for elections next month that could lead to its exit from the euro zone, economists are acknowledging an unsettling reality: No one knows what the cost of such a departure would be.
Facebook is minting a lot of millionaires with its IPO, but along with those tales of riches come people like a carpet salesman who may have missed out on $50 million. Reality star Ali Fedotowsky missed out too.
Jittery U.K. customers of one of Spain's biggest lenders pulled out funds on Friday, and bad debts held by Spanish banks rose to a 17-year high, underscoring the challenges facing the country's financial sector.
Investors should consider selling a basket of currencies that will profit if Greece does leave the euro zone, but also limit the downside if Europe muddles through.