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Greece Crisis

A Careful Look at Greece's Options and Why Yes Is the Only One

Costas Meghir | Posted 07.03.2015 | World
Costas Meghir

Understanding the consequences of leaving the Euro has to be analyzed in two separate parts: first the consequences during the transition to the drachma and second the long-term outlook for the Greek economy with its own currency. The transition is, of course, hugely important.

Why Congress Holding the IMF Accountable for Failed Policies in Greece Could Actually Make a Difference

Mark Weisbrot | Posted 07.02.2015 | World
Mark Weisbrot

Unlike many letters from Congress that are ignored by the executive branch, this one might be taken more seriously by the IMF and the U.S. Treasury department -- which is the IMF's most powerful overseer. One reason is that the IMF has been trying for five years to enact reforms in its governance structure that are very important to the Fund and Treasury -- reforms that can't be enacted unless they are approved by Congress.

What European Leaders Besides Merkel Think About The Greek Referendum

The WorldPost | Nathan Gardels | Posted 07.02.2015 | World

Greeks head to the polls on Sunday to vote on whether they’ll continue austerity policies imposed by creditors and their European partners or strike...

Argentina Shows Greece There May Be Life After Default

Joseph E. Stiglitz | Posted 07.01.2015 | World
Joseph E. Stiglitz

Defaults are difficult. But even more so is austerity. The good news for Greece is that, as Argentina showed, there may be life after debt and default.

Europe's Attack on Greek Democracy

Joseph E. Stiglitz | Posted 07.01.2015 | World
Joseph E. Stiglitz

European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.

Live Updates On The Greek Debt Crisis

The Huffington Post | Eline Gordts | Posted 07.02.2015 | World

Greece's banks and stock market were closed on Monday, a new dramatic development in the country's ongoing debt crisis. Talks between the Greek go...

The Incompetent Greek Government, Not Its Creditors, Pushed the Economy off the Cliff

Pierpaolo Barbieri | Posted 06.29.2015 | World
Pierpaolo Barbieri

BUENOS AIRES -- Athens in 2015 will become like Buenos Aires in 2001. Greeks now face the prospect of prolonged capital controls, severe political unrest and eventually a confiscation of ordinary citizens' savings to finance a government's withdrawal from the world.

Between Default and Reform: The Night and Day Options for the Greek Economy

Costas Meghir | Posted 06.24.2015 | World
Costas Meghir

The obvious alternative to the catastrophe that the government is contemplating is to implement real structural reforms. This would first require a deal with the creditors to keep Greece afloat.

Quiz: Who Can Save Greece From Collapse?

Triantafyllos Xylouris | Posted 06.15.2015 | World
Triantafyllos Xylouris

Given the abundance of talent in Greece with not many other options to pursue, I truly believe that the startup-scene can generate star players. But we have to stay realistic.

Talks Between Greece And Its Creditors Appear To Be Back On Track

AP | Posted 05.11.2015 | World

BRUSSELS (AP) — Greece may have only a couple of weeks left before it faces real problems meeting its financial commitments, the country's finance m...

Time Out: Let's Stop the Blame Game in Europe

Yanis Varoufakis | Posted 05.30.2015 | World
Yanis Varoufakis

ATHENS -- Five years after the first bailout was issued, Greece remains in crisis. Animosity among Europeans is at an all-time high, with Greeks and Germans, in particular, having descended to the point of moral grandstanding, mutual finger-pointing, and open antagonism. This toxic blame game benefits only Europe's enemies. It has to stop. Only then can Greece -- with the support of its European partners, who share an interest in its economic recovery -- focus on implementing effective reforms and growth-enhancing policies.

Greece To Run Out Of Cash By April 20 Without Fresh Aid

Reuters | Posted 03.24.2015 | World

By George Georgiopoulos and Thorsten Severin ATHENS/BERLIN, March 24 (Reuters) - Greece risks running out of cash by April 20 unless it secures fre...

Greek Defense Minister: If Greece Leaves Eurozone, Spain And Italy Would Be Next

Reuters | Posted 03.13.2015 | World

BERLIN, March 14 (Reuters) - If Greece were to leave the eurozone, Spain and Italy would also end up quitting the common currency bloc, Greek Defense ...

Will Spain, Italy and France Follow the Greek Revolt Against Austerity?

Xenia Kounalaki | Posted 03.28.2015 | World
Xenia Kounalaki

ATHENS -- The strong mandate he got from the polls, has put a burden on Mr. Tsipras to fulfill the great expectations he produced. If he succeeds, the Spanish Podemos, the French Front National and Italy's Bepe Grillo could all follow suit and question Berlin's fiscal orthodoxy. The much feared domino effect set off by Greece at the outset of euro crisis in 2010 could now materialize in another way.

Greece Is on to Something

Martina Buchal | Posted 02.14.2015 | Impact
Martina Buchal

Whether it's the economy, unemployment, social or environmental issues, there is always something we are up against. What we choose to do in the face of that adversity, however, I believe, is what will define us as a generation.

The "Dictatorship of the Elites" in Greece

Thanos Dimadis | Posted 04.28.2013 | World
Thanos Dimadis

One of the major mistakes that international and European observers often make in their analyses about Greece is that they focus way too much on the p...

Doctors And Lawyers Are Successfully Dodging Taxes In One Country

Reuters | Posted 02.23.2013 | Business

By Harry Papachristou ATHENS, Dec 24 (Reuters) - Greece's drive to crack down on flagrant tax evaders such as doctors and lawyers is f...

Boroume Revisited: Food Aid Soars in Athens

Diana Farr Louis | Posted 02.11.2013 | Impact
Diana Farr Louis

What began in May 2011 as an attempt to link agencies and people who needed food with producers and shopkeepers who trashed it at the end of the day has burgeoned into a flourishing network that operates all over Greece and has donors throughout Europe and North America.

Greece's Biggest Company Says It's Getting The Hell Out Of There

Reuters | Posted 12.11.2012 | Business

* World's No. 2 Coke drinks bottler to seek main London listing * Coca Cola Hellenic is Greece's biggest firm by market value ...

Presenting The Latest Female Politician To Face Heightened Scrutiny For Wearing The Same Thing That Every Male Politician Wears Every Day

The Huffington Post | Jillian Berman | Posted 10.09.2012 | Business

Can a powerful lady in a fitted pantsuit fuel riots? Apparently, she can, at least according to some financial media outlets. Business Insider h...

Fire Bombs And Tear Gas Mark Greek Protest

AP | Posted 09.09.2012 | World

THESSALONIKI, Greece -- Hundreds of protesters have battled riot police for hours over plans for a gold mine in northern Greece's Halkidiki peninsula....

Greek Leaders Reportedly Agree On Most Austerity Cuts

Reuters | Posted 09.28.2012 | Business

* Greece looking for savings worth 11.5 billion euros * Troika of lenders in Greece to assess need for new aid * Politic...

Microsoft Attack Puts Spotlight On Greek Tensions

Reuters | Posted 08.27.2012 | World

By Harry Papachristou ATHENS, June 27 (Reuters) - Gunmen driving a van packed with gas canisters firebombed the Athens headquarters of...

The Greek Crisis As Ancient Myth

AP | CHRISTOPHER TORCHIA | Posted 08.24.2012 | Home

ATHENS, Greece — In Greek mythology, King Sisyphus pushed a boulder up a hill, over and over, forever, in a futile exercise that a few commentat...

Greece Election Too Close To Call, Exit Polls Show

AP | ELENA BECATOROS and DEMETRIS NELLAS | Posted 08.17.2012 | World

ATHENS, Greece — The New Democracy party came in first in Greece's election Sunday and immediately proposed forming a pro-euro coalition governm...