iOS app Android app

Euro

Joseph Stiglitz: How "Deep-Seatedly Wrong" Economic Thinking Is Killing Greece

Lynn Parramore | Posted 08.24.2015 | World
Lynn Parramore

The insistence on keeping wages down, stripping away bargaining power from workers, forcing small business owners to pay taxes a year in advance, and cutting pensions will only hamper demand and lead to a deepening spiral of debt.

After Greece: Saving EMU

Stephen G. Cecchetti | Posted 08.06.2015 | Business
Stephen G. Cecchetti

Euro-area leaders announced yet another agreement with Greece in mid-July. However, the survival of the euro area has never been about the fate of Greece. Instead, it is whether the Europeans will implement the reforms necessary to keep the euro area together.

Western Sanctions - Russia's Transition

Elena Ulansky | Posted 08.06.2015 | World
Elena Ulansky

During the first six months of 2015 the dollar versus the Russian currency market has decreased by 0.8%, the euro was down 9.8%. In the second quarter the dollar fell by 3%, the euro rose by 0.5%.

Greece -- Give It a Chance

Joergen Oerstroem Moeller | Posted 08.02.2015 | World
Joergen Oerstroem Moeller

Hardly was the ink dry after the agreement July 17 between Greece and its creditors before columnists, commentators, economists and politicians jumped to far reaching conclusions: Greece would never make it. But often overlooked is the plain fact that the destiny of nations rests with the people -- Greece is no exception.

Prince Michael of Greece: 'Greeks Don't Like People in Power'

Alain Elkann | Posted 07.30.2015 | World
Alain Elkann

Greece is the heart of Europe. I find the existence of the euro modern and practical. Since we have had the euro the cost of life went up, but we need to be in Europe.

A Dispatch From Athens

OpedSpace | Posted 07.27.2015 | Politics
OpedSpace

For the past two weeks Greece has entered the climax of the Comedy of Errors - that is its six-year-old economic crisis. Banks have closed, referendums called, rallies and counter-rallies have been held, society divided and tales of conspiracies and Armageddon have become commonplace.

Senator: Germany Has 'Damaged' Europe To Help Big Banks At Greece's Expense

The Huffington Post | Zach Carter | Posted 07.23.2015 | Politics

WASHINGTON -- Sen. Sherrod Brown (D-Ohio) says the German government has refused to take responsibility for its biggest banks, whose reckless lending ...

The Privatization Plan for Greece Should Be a Stigma on Europe's Conscience

Yanis Varoufakis | Posted 07.21.2015 | World
Yanis Varoufakis

ATHENS -- The plan is politically toxic because the fund, though domiciled in Greece, will effectively be managed by the troika. It did not have to be this way. At a turning point in European history, our innovative alternative was thrown into the dustbin.

Economists Troll Germany, Telling It To Leave The Euro First

The Huffington Post | Daniel Marans | Posted 07.20.2015 | Business

The possibility of a “Grexit” -- or Greek exit from the eurozone -- has dominated headlines in recent months, as round-the-clock negotiat...

What If Germany And Greece Switched Places?

Sebastian Christ | Posted 07.17.2015 | World
Sebastian Christ

Germany in 2015 is a nation full of self-righteousness. The Greek crisis has produced in the country an unpleasant strain of chauvinism vis-à-vis other nations, rooted in the belief in our own exemplarity: We work harder. We're more successful. We're more frugal.

To Rescue Greece, Invest in Skills and Small Business

Sabina Dewan | Posted 07.16.2015 | World
Sabina Dewan

If Greece's creditors seek to help the country eventually stand on its own two feet, it should provide the debt relief that could make Greek products more competitive internationally. Supporting businesses is one side of the equation. The other part is investing in human capital.

Soulless Economics

Robert Koehler | Posted 07.16.2015 | Politics
Robert Koehler

An allegedly impersonal economic structure, which quietly benefits the infinitesimally few who have far more than they need, is no foundation for our future.

Europe Moves To Restore Funding To Greece After Bailout Vote

Reuters | Charlotte Alfred | Posted 07.16.2015 | World

ATHENS, July 16 (Reuters) - Europe moved to re-open funding to Greece's stricken economy on Thursday after the parliament in Athens approved...

Greece Heads To Bailout Talks To Persuade Creditors Over Reform Proposal

AP | RAF CASERT and JOHN-THOR DAHLBURG | Posted 07.12.2015 | World

BRUSSELS (AP) -- Bailout discussions between the Greek finance minister and his skeptical counterparts in the 19-country eurozone will resume Sunday a...

'Greeks Have Been Pushed To The Abyss'

The Huffington Post | Eline Gordts | Posted 07.10.2015 | World

Every week, The WorldPost asks an expert to shed light on a topic driving world headlines. This time, we discuss the Greek debt crisis with Paul De Gr...

Creditors Welcome Greek Reform Proposal, But Leftists Wary Of More Austerity

AP | Posted 07.10.2015 | World

ATHENS, Greece (AP) — Greece's prime minister acknowledged Friday the reforms his government has proposed in return for a third bailout are harsh an...

Can Tsipras Move From Doublespeak to a Deal?

Andreas A. Papandreou | Posted 07.10.2015 | World
Andreas A. Papandreou

ATHENS -- Tsipras can become a leader of stature and take the deal and side with the vast majority of Greeks on either side of the "Yes"/"No" divide to whom he has promised to remain in the euro and undertake the reforms Syriza has resisted. Alternatively, he can live a short moment of glory as a revolutionary by siding with a small minority of the "no" camp and turn the country into a failed state run by a new set of authoritarian oligarchs.

Greece Submits Reform Proposals To European Creditors

AP | Posted 07.10.2015 | World

ATHENS, Greece (AP) — Greece finally met a deadline that counted on Thursday, delivering a series of sweeping proposals to its creditors before midn...

The Collateral Damage of Austerity

Robert Koehler | Posted 07.09.2015 | Politics
Robert Koehler

The austerity packages Greece has endured as its condition of economic bailout over the past half-decade have not only further gutted the country's broken economy and prevented any sort of recovery toward self-sufficiency, but have shattered the socioeconomic structure of life.

Economists: Greece More Likely Than Not To Leave Euro

Reuters | Posted 07.08.2015 | World

By Sumanta Dey July 8 (Reuters) - Greece may be about to become the first country to step through the exit door and leave the euro zone, according ...

When to Hold and When to Fold: Today's Gamble for Greece

Peter Alexander Meyers | Posted 07.08.2015 | Politics
Peter Alexander Meyers

What do they really want? That's the question everyone is asking about both the Germans and the Greeks. Aspirations explicit and veiled circulate. But recent events -- negotiations, stalemate, trash talk, referendum, shutdowns -- have moved many options off the table. A thunderous "no" vote in Greece drowned out the more pointed "no" from Germany. Both these negatives were expressions not of will but of weakness. Yes, that's correct, German weakness, too. Is this something Alexis Tsipras can exploit? On such a field of increasing obstacle and impediment is where the next battle will play out. Politics is like this.

The Euro at a Tsipping Point: Greece Gets a Yellow Card, Not Yet a Red, As Merkel's Bluff Gets Called

Terry Connelly | Posted 07.07.2015 | Business
Terry Connelly

As expressed (and predicted) in this blog several months ago, if I owe you 240 euros, it's my problem, but if I owe you 240 billion euros, it's certainly your problem, too.

Act Quickly to Save the Euro

Jacques Attali | Posted 07.08.2015 | Politics
Jacques Attali

The risks of a eurozone breakup are enormous. This is therefore a matter of urgency. The French and Germans must not wait for a Greek proposal. They must, together, suggest a comprehensive four-part program.

Greece Has Reached Its Threshold of Pain

Daniel Wagner | Posted 07.06.2015 | World
Daniel Wagner

It should not have come as a surprise that the majority of Greek voters opted not to accept more externally-imposed austerity, by voting "no" in Sunda...

OXI! Greek Voters Stand Up for A New Deal

Dan Siegel | Posted 07.06.2015 | Politics
Dan Siegel

While Americans celebrated a long-ago victory against British colonial overlords, the small but proud nation of Greece stood up to reject the failed austerity economics proscribed by European bureaucrats that has driven the country into a debt-driven dependency and depression.