The Big Fat Greek Question

After backing down from the hardline debt writeoff stance, Greece is asking for delaying payments and rescheduling. The Euro technocrats may have other ideas.

The sharp rise in the Swiss franc also reflects the European problem but a side issue is whether this will make Swiss multinationals go on an acquisition binge.

The Chinese yuan isn't spared from attacks as it hits multiyear lows but ironically money is flowing back into emerging market funds.