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Greece Bailout

Songs of the Doomed

David C. Wittig | Posted 11.23.2015 | World
David C. Wittig

Greece is being starved to death by a lack of capital. End the starvation, and the economy will turn around very quickly. In this case, starvation is the NPLs. The non-performing loans are strangling the Greek economy.

Europe Disingenuously Ignores Human Rights in Greece

Nicos E. Devletoglou | Posted 10.30.2015 | World
Nicos E. Devletoglou

Unless these frightening measures are eased, a social upheaval, triggered by exponential rises in unemployment, will continue undermining for the foreseeable future the entire spectrum of human rights in Greece.

Yet Another Deadline in Athens

David C. Wittig | Posted 10.09.2015 | World
David C. Wittig

The situation in Greece is approaching a nuclear meltdown. The economy is in a death spiral. It is hard to imagine how Greece can avoid a haircut for depositors.

Standing with Attica for the Future of Greece

Rena Dourou | Posted 10.06.2015 | World
Rena Dourou

The case of Greece is worth standing for: due to its geopolitical burden in troubled times but also due to the fact that Greece belongs to the same community of countries sharing the values of democracy, liberty, social justice.

Europe's New Economic Divide: A key axis for Europe: free-market advocates in Western Europe ally with those in former communist countries

European Horizons | Posted 09.23.2015 | Politics
European Horizons

By Chris Miller, YaleGlobal, 27 August 2015 New East-West divide? An established welfare state like France, whose President François Hollande is see...

The Greece Polls Were Wrong Again

David C. Wittig | Posted 09.21.2015 | World
David C. Wittig

Syriza remains almost as popular, despite a confusing message. Is Syriza in favor of the agreement with the EU? They say, "Yes," but they recommended a "No" vote in the referendum. They seem to be doing very little to comply with the EU agreement.

Former Greece PM: Greeks Won’t Tolerate A Government That Destroys Their Sacrifices

The WorldPost | Farah_Mohamed | Posted 09.21.2015 | World

As Greece prepares to head to the polls for the third time this year, The WorldPost spoke with former Greek Prime Minister George Papandreou about ho...

Greece's Election in the Time of Consent

Pavlos Tsimas | Posted 09.17.2015 | World
Pavlos Tsimas

Whatever the electoral result, one may hope that the next government will at least be able to converse with the opposition, whoever ends up being in the former or latter position.

Greek Election Day Minus 4

David C. Wittig | Posted 09.17.2015 | World
David C. Wittig

Athens is eerily quiet. The restaurants are half-full. If it were not for a few lingering tourists, the restaurants would be empty. Even the Nike store in Kolonaki closed in the last two weeks (in the interest of full disclosure the store was not owed by Nike, it was operated by Folli Follie).

Tsipras Plays Down Fears Of A Fractured Greece After Election

Reuters | Nick Robins-Early | Posted 09.06.2015 | World

ATHENS, Sept 6 (Reuters) - Former Greek Prime Minister Alexis Tsipras played down fears on Sunday that a snap election in two weeks would produce a f...

Anti-Bailout Greek Leftist Party Gets Mandate To Form Government

Reuters | Nick Robins-Early | Posted 08.24.2015 | World

ATHENS, Aug 24 (Reuters) - A radical leftist opposed to Greece's new bailout deal won a presidential mandate on Monday to try to form a new governmen...

Better Late...

Pavlos Tsimas | Posted 08.21.2015 | World
Pavlos Tsimas

The move by Tsipras to call for elections, despite the problems it creates and the political lapses it exposes, has an indisputably positive dimension.

A Late-August Dispatch From Athens

David C. Wittig | Posted 08.20.2015 | World
David C. Wittig

Perhaps the worst news for the Greeks is that the Germans have gone "radio silent." When the Germans were beating up the Greeks daily in the press, the Greeks were getting sympathy ... no more. Greece is on its own.

Greece's Tsipras Looks Undecided On Early Elections Amid Party Rebellion

Reuters | Nick Robins-Early | Posted 08.19.2015 | World

ATHENS, Aug 19 (Reuters) - Greek Prime Minister Alexis Tsipras has yet to make up his mind on calling early elections, a government minister said on ...

5 Foreigners Explain Why They're Staying In Greece Despite The Crisis

By Alexis Gagglias & Danae Leivada | Nick Robins-Early | Posted 08.18.2015 | World

The Greek debt crisis has exposed deep political and economic divides within Europe. Plenty of blame for Greece's economic decline has been hurled bac...

The End Of Magical Thinking

Pavlos Tsimas | Posted 08.15.2015 | World
Pavlos Tsimas

Deliverance or calamity, recession-oriented or development-oriented, the "best possible agreement," or the "worst of them all," the new agreement between Athens and its creditors still has an uncertain fate and even more uncertain consequences.

Greece's Euro Partners Approve Billions In New Bailout Loans

AP | Charlotte Alfred | Posted 08.14.2015 | World

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Greece And Creditors Clinch Bailout Deal After Marathon Talks

Reuters | Nick Robins-Early | Posted 08.11.2015 | World

ATHENS, Aug 11 (Reuters) - Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms ...

Greece, Lenders Clinch Multi-Billion Euro Bailout Deal

Reuters | Jade Walker | Posted 08.11.2015 | World

ATHENS, Aug 11 (Reuters) - Greece and its international lenders reached a multi-billion euro bailout agreement on Tuesday after talking through the n...

Greece Bailout Draft Boosts Hopes For Deal Within Days

Reuters | Andrew Hart | Posted 08.08.2015 | World

By George Georgiopoulos ATHENS, Aug 8 (Reuters) - Greek government officials discussed a draft of the country's third bailout agreement drawn up on t...

The Latest From Athens

David C. Wittig | Posted 08.04.2015 | World
David C. Wittig

It is impossible for Greek businesses to get credit outside of Greece. The amount of money that may leave the country to buy essential goods and services is severely limited. It will be no surprise when GDP shrinks in the third quarter and when unemployment spikes.

From Greek to Euro Crisis: How German Ideology Is Destroying Europe's Future

Jakob von Uexkull | Posted 08.03.2015 | World
Jakob von Uexkull

The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.

Greek Teens React to Crisis: Part 2

Sophia Armenakas | Posted 07.30.2015 | Teen
Sophia Armenakas

The Greek debt crisis reached fever pitch as the EU implemented a new series of austerity measures.

How Bad Was The Run On Greek Banks?

HuffPost Greece | Charlotte Alfred | Posted 07.21.2015 | World

The amount of money withdrawn from Greek banks last month was unprecedented, according to Greece's central bank. The Bank of Greece said Monday that ...

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.