Will Greece Exit the Euro Zone Next Month?

Another day, another prediction of a Greek exit from the euro zone. But unlike the vast majority who give a medium term timeline for a "Grexit", one strategist told CNBC it could come as early as next month. “It’s a question of when, not if. Next month there is the ratification of the ESM [European Stability Mechanism] in Germany and you may well see a situation where Greece leaves the euro, the ESM is ratified and Spain and Italy then go in and ask for the money. There is a feeling that time is running out,” Paul Day, Chief Strategist, at Market Securities told CNBC’s "Squawk Box Europe". FULL STORY (click)

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Japan Warns it will Intervene

Reuter-Japan's Finance Minister Jun Azumi declined to comment on foreign exchange rates to reporters on Monday. Japan on Friday stepped up warnings that it could intervene in the foreign exchange market if excessive yen rises continue, with the country's top currency diplomat threatening action even if U.S. and European partners were not on board. The dollar was trading at 78.15 yen in early Monday trade in Asia after hitting as low as 77.65 on Friday according to Reuters data, the weakest since mid-February.



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