Greece, not again?

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"Euro/dollar has been going up since mid-March. That basically tells you that the market is taking the view that Greece is not that relevant for the euro," Vasileios Gkionakis, head of global currency strategy at Unicredit, told CNBC's "Squawk Box Europe" on Thursday.

If Greece is in crisis, why's the euro so strong?

Here's more on IMF chief Christine Lagarde's comments to a French magazine (via Reuters): Lagarde said a Greek economic recovery would require not only Greek reforms but also steps by European creditors to make the country's debt sustainable. However, she said the Greek plan had to be credible. "You can't build a programme just on the promise of improved tax collection, as we have heard for the past five years with very little result," she told the magazine. Lagarde said she did not want Greece to leave the euro zone and did not believe in any euro zone "explosion". She also said Greek Prime Minister Alexis Tsipras was well aware that Greece's pension system was not sustainable and needed to be reformed, adding there was no question of cutting small pensions. "They must be protected," Lagarde said.

Latest on Greece: Deal in doubt, deadline looms

Dennis Gartman said Thursday that Greece would be better off defaulting and exiting the euro zone. "If I were the Greek prime minister I would have defaulted long ago and left because at least I then know I can get my currency back, I can devalue it, my textile industry becomes competitive, my tourism industry becomes competitive again, my shipping industry becomes competitive," the publisher of the Gartman Letter said on CNBC's "Squawk Box."

Gartman: Greece would be better off defaulting

Portugal is the ticking time-bomb waiting to explode. Why? Because the country has run up unsustainable debts, most of the money is owed to foreigners, and with the economy still in deep trouble it may have to default as well. The elections later this year may well trigger the second Portuguese crisis — and that will reveal how the problems in Europe involve far more than just Greece, even if that attracts most of the world’s attention.

Forget Greece, Portugal is the eurozone’s next crisis - MarketWatch