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Greece Bailout

A Modern Greek Tragedy

George Kenney | Posted 04.10.2012 | World
George Kenney

The fault accrues much more to Eurozone authorities than to Greece because, politically, the Europeans have long dodged the critical fact that their limited currency union is unworkable.

Greek Leaders Bailout Deal To Satisfy Lenders

Posted 02.09.2012 | Business

Greek political leaders have reached a deal on austerity measures that satisfy European Union and International Monetary Fund lenders, according to Th...

Politicians Seeking Upper Hand Over Hedge Funds in Greek Bailout

David Paul | Posted 03.23.2012 | Business
David Paul

There are many participants involved, and each has their own set of metrics for a successful outcome of the Greece workout.

WATCH: Arianna Weighs In On Greece's Economic Crisis

Huff TV | Posted 03.23.2012 | Business
Huff TV

Arianna appeared on CNN's Fareed Zakaria GPS to discuss Greece's economic issues. "There is no work," she said. "You have 40% youth unemployment......

What Would It Take For Greece To Ditch The Euro

AP | NICHOLAS PAPHITIS | Posted 03.04.2012 | Business

ATHENS, Greece — Greece's government warned Tuesday that the debt-crippled country will have to ditch the euro if it fails to finalize the detai...

German Inflation Fetish Risks Global Catastrophe

Peter S. Goodman | Posted 01.16.2012 | Business
Peter S. Goodman

The world's most irresponsible global citizen of the moment is not North Korea or Iran, despite the obvious dangers each poses. It is not China, favor...

To Euro or Not to Euro?

Costas Azariadis | Posted 01.06.2012 | Business
Costas Azariadis

None of the drawbacks outweigh the obvious and immediate benefits that a suspension of interest payments would confer on Greece.

Bonnie Kavoussi

Greece Risks Meltdown After Bailout Vote Bombshell | Bonnie Kavoussi | Posted 01.01.2012 | Business

A high-risk gamble by the Greek government may threaten Greece's financial survival and the cohesion of the euro zone. Greek Prime Minister George ...

Bonnie Kavoussi

Greek Budget Cuts Quicken Reckoning For Europe | Bonnie Kavoussi | Posted 12.21.2011 | Business

Ever since Greece began teetering toward default last year, European officials have extracted promises of budget cuts in exchange for financial relief...

A Simple Solution for Europe

Patrick Takahashi | Posted 12.20.2011 | World
Patrick Takahashi

While the EU will not disintegrate like the Soviet Union, all is not well and it's getting worse.

Another Bailout for the Banks?

Jeffrey Rubin | Posted 12.06.2011 | Business
Jeffrey Rubin

You might have thought things had changed in world financial markets since the U.S. subprime mortgage disaster. Funny that only three years later, the global financial system seems once again to be teetering on the brink.

Transparency -- The First Step in a Government Revolution

Dag Detter | Posted 12.03.2011 | Business
Dag Detter

The current financial crisis is a unique opportunity to challenge the vested interests wanting to preserve the poor performance of the past and keeping these assets away from scrutiny.

Can China Save Europe?

Tom Devonshire | Posted 11.19.2011 | Business
Tom Devonshire

The Chinese could quite easily sort out Europe in one fell swoop. Why would China get involved in Europe's mess though? In short, it is not in China's interest for Europe to fail.

Greek Man In Debt Sets Self On Fire (WARNING: Graphic Photos)

AP | Posted 11.16.2011 | World

Associated Press THESSALONIKI, Greece -- Greek authorities say a 55-year-old man has been hospitalized with chest burns after dousing himself with ...

Peter S. Goodman

Credit Rating Agencies, Not Honest Brokers, Now Hold World's Fate | Peter S. Goodman | Posted 09.21.2011 | Business

If global finance were anything like the rest of life, no one would be paying much mind to the credit rating agencies, who have been revealed to opera...

Second Greece Bailout Sends World Stocks Up

AP | Posted 09.21.2011 | Business

LONDON -- Relief at a bailout package for Greece drove global shares higher Friday after European leaders made sweeping changes to a rescue fund in an...

Greece: European Leaders Set To Give Financial Rescue Fund New Powers

Posted 09.20.2011 | Business

Update: European leaders have agreed to a new Greek rescue plan that will temporarily cause the country to default on some of its debt, according to T...

ECB Willing To Allow Greek Default, Temporarily, As Part Of Deal

Posted 09.20.2011 | Business

BERLIN/BRUSSELS (Gernot Heller and Luke Baker) - The European Central Bank is willing to let Greece slip into temporary default as part of a crisi...

European Banks Must Bolster Capital Cushions: ECB Official

Posted 09.15.2011 | Business

(Reuters) - Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki ...

Could Europe's Political Project Go the Way of the US Confederacy?

James K. Galbraith | Posted 09.10.2011 | World
James K. Galbraith

Europe's political structure is also suspended between two stable formations: the federated nation state and the international alliance. This in-between structure is called a confederacy, and it is something that was tried and which failed in North America.

Unexpectedly Large Recession Causes Greece To Miss Budget Targets

Posted 09.10.2011 | Business

A deeper-than-expected recession caused Greece's central government deficit to widen by almost one third in the first half of the year, widely mis...

Eurozone Seeks To Prevent Spillover Of Greek Debt Crisis

AP | GABRIELE STEINHAUSER | Posted 09.10.2011 | Business

(AP) BRUSSELS -- European officials are trying to work out a strategy Monday to prevent the eurozone's debt crisis from spilling over into bigger econ...

Greece, Italy Center Of Focus At Emergency Meeting

Posted 09.09.2011 | Business

European Council President Herman Van Rompuy has convened an emergency meeting of top EU officials for Monday morning to discuss efforts to assemb...

Party Over in Greece

Danna Harman | Posted 09.07.2011 | World
Danna Harman

The problem now is that its not just the top echelons who are guilty of the damage done. The whole country seems to have followed the example of their leaders and jumped in to participate in the corrupt system, working it to their benefit.

Focusing All on Greece Ignores the Elephant in the Room

Amb. Vassilis Kaskarelis | Posted 08.31.2011 | Business
Amb. Vassilis Kaskarelis

Greece and its people take responsibility for their own failings and have launched an unprecedented effort to make them right. We will not, however, be held responsible for a global economic crisis, the roots of which lie elsewhere.