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Greece Bailout

The Greece Bailout: A Dangerous Game of Jenga

Sara Zervos | Posted 07.13.2016 | World
Sara Zervos

Today's headlines regarding the latest Greek bailout do not bode well for political stability in Europe, and the future of the Eurozone. The nature of the bailout can also affect the rest of us around the world. To understand why, we need to go back to the beginning.

Why Debt Relief Won't Solve Greece's Problems

Edmund S. Phelps | Posted 07.13.2016 | World
Edmund S. Phelps

Greece will not get very far out of its present morass without coming to grips with how it got there. The country provides a textbook example of a flawed economic system.

France vs. Germany

Mauro Guillén | Posted 07.13.2016 | World
Mauro Guillén

For France, European integration is a goal to be achieved regardless of the cost. For Germany, although European unity figures prominently on its agenda, the speed and depth of European integration must be analyzed pragmatically, weighing the benefits and the costs.

Ryan Grim

German-Led Eurogroup Launching Coup Against Greek Government

HuffingtonPost.com | Ryan Grim | Posted 07.16.2015 | Politics

After the fall of the Berlin Wall and the collapse of the Soviet Union, Francis Fukuyama famously declared an end to history. Things, of course, would...

Angela Merkel Facing Criticism Over Handling of Greek Crisis

The Wall Street Journal | Kelly Chen | Posted 01.09.2017 | World

BERLIN—Europe’s standoff with Greece has thrown German Chancellor Angela Merkel into one of the deepest domestic political crises of her 10-year t...

Sunday Roundup

Arianna Huffington | Posted 07.11.2016 | Politics
Arianna Huffington

This week the world watched as Greece continued its fight for economic survival. Armed with the Greek people's resounding "no" vote on yet another round of economy-killing austerity measures, Prime Minister Tsipras went back to the negotiating table with EU negotiators. But the rescue package he presented to the Greek Parliament on Friday was a mixed bag: while it includes fresh loans, it also comes with the kind of destructive elements -- like regressive taxes and pension cuts -- that already tanked the Greek economy. As the 28 EU leaders meet today, it's clear that Greece isn't fighting mindless austerity just for Greece, but also for the rest of Europe. The Greek public's bold stance has galvanized anti-austerity groups across Europe. It's like a proxy fight in a new cold war -- but this one isn't East vs. West, it's the failed past vs. a sustainable future.

On The Street In Athens

Margarita Mavromichalis | Posted 07.11.2016 | World
Margarita Mavromichalis

If you would have expected that, after Sunday's clear vote in favor of the "NO," the two rallies should actually become one, you probably don't know us that well.

There Is No Quick Fix for Greece

Greta Van Susteren | Posted 07.11.2016 | World
Greta Van Susteren

Let's face it, no private investor in his right mind -- even one loaded with money -- would lend any to Greece. Not only is Greece in economic and financial shambles, but also Greece just proved it by defaulting on loans.

Greece Lawmakers Approve Bailout Proposal

Associated Press | Andrew Hart | Posted 07.15.2015 | World

ATHENS, Greece (AP) — Greek lawmakers voted overwhelmingly early Thursday to approve a harsh austerity bill demanded by bailout creditors, despite s...

Varoufakis: 'Germany Won't Spare Greek Pain -- It Has An Interest In Breaking Us'

The Guardian | Yanis Varoufakis | Posted 07.10.2015 | World

Greece’s financial drama has dominated the headlines for five years for one reason: the stubborn refusal of our creditors to offer essential debt re...

German Parties Split Over Greek Bailout Proposal

Reuters | Posted 07.10.2015 | World

By Michael Nienaber BERLIN, July 10 (Reuters) - The parties in Angela Merkel's coalition government sent conflicting signals on the latest reform p...

European Stocks Jump On Prospect Of Greek Debt Deal

Reuters | Posted 07.10.2015 | World

By Alistair Smout LONDON, July 10 (Reuters) - European stocks surged on Friday after Greece made substantial concessions in its latest bid to win n...

Jason Linkins

World-Historical Deadbeats Demand Greece Pay Up, To Which Thomas Piketty Says 'LOL'

HuffingtonPost.com | Jason Linkins | Posted 07.10.2015 | Politics

So that happened. On this week's podcast, we examine the austerity battles in Greece, break down the latest stage of the Iran nuclear talks, and get a...

Can Tsipras Move From Doublespeak to a Deal?

Andreas A. Papandreou | Posted 07.09.2016 | 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.

If Greece Takes On a New Outlook, So Will Europe

Jacques Delors | Posted 07.08.2016 | World
Jacques Delors

PARIS -- The Greek government must grasp the fact that its democratic legitimacy cannot, by its very nature, take precedence over the democratic legitimacy enjoyed by its European counterparts.

Mark Blumenthal

Why The Polls In Greece Got It Wrong

HuffingtonPost.com | Mark Blumenthal | Posted 07.08.2015 | Politics

Sunday was a bad day for pollsters, adding yet another poor performance following a string of recent high-profile polling misfires. This time the fina...

Greece's 'No' Is No Victory for Democracy

Bernard-Henri Lévy | Posted 07.08.2016 | World
Bernard-Henri Lévy

PARIS -- Ancient Greek had two words for the people: the "demos" of democracy and the "laos" of the mob. With his puerile call to shift the burden of his own errors and his reluctance to reform onto the shoulders of Greece's fellow Europeans, Tsipras is leaning toward the latter manifestation -- and promoting the worst version of Greek politics.

Elderly Man Schools Europe By Donating His Meager Pension To Greece

The Huffington Post | Charlotte Alfred | Posted 07.08.2015 | World

An elderly pensioner in Cyprus has a lesson in generosity for the rest of Europe. He may not have deep pockets, but 88-year-old Onoufrios Michaeli...

Dear Germans: Read Some Hegel!

Neni Panourgia | Posted 07.08.2016 | World
Neni Panourgia

The crisis has exposed the very superficial understanding of democracy that "Europe" and the European Powers have, an understanding that they keep touting as the fundamental value of the Union, while violating it daily.

Greece's Debt Crisis Is Hurting Its Even Poorer Neighbors

Reuters | Benet Koleka | Posted 07.08.2015 | World

KAPSHTICA, Albania, July 8 (Reuters) - Sun-beaten and sullen, the four Albanian fruit-pickers returning home from a three-week stint working in Greece...

Fidel Castro Congratulates Greek PM On His 'Brilliant Political Victory'

The Huffington Post | Charlotte Alfred | Posted 07.07.2015 | World

Retired Cuban leader Fidel Castro wrote a gushing letter of praise to Greek Prime Minister Alexis Tsipras after Greece roundly rejected international ...

Young Greeks Aren't The Only Ones Losing Faith In Europe

HuffPost Germany | Sebastian Matthes | Posted 07.07.2015 | World

Europe is trembling. The Greeks have taken a stance against the rescue policy of their creditors. In truth, however, the Greek youth have voted agains...

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

Terry Connelly | Posted 07.06.2016 | 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.

Greek PM Looks For Last Minute Deal At Eurozone Summit

Reuters | Paul Taylor and Costas Pitas | Posted 07.07.2016 | World

By Paul Taylor and Renee Maltezou BRUSSELS, July 7 (Reuters) - Greek Prime Minister Alexis Tsipras launched a desperate bid to win fresh aid from s...

Bernie Sanders Backs Greek Rejection Of Austerity Measures

The Huffington Post | Jacob Kerr | Posted 07.07.2015 | Politics

Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) voiced his support for Greece’s decision to reject a bailout deal that would have come...