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Greece Debt Crisis

Weekend Roundup: Turkey Enters the Syrian Quagmire to Fight ISIS -- And the Kurds

Nathan Gardels | Posted 07.31.2015 | World
Nathan Gardels

The Syrian quagmire, in which both the Islamic State and the Kurds have been fighting for territory, has now sucked in Turkey. Last week's ISIS attack on Turkish soil, Kurdish gains along the Syrian border and the surprise advance of the secular and liberal pro-Kurdish People's Democratic Party in recent elections -- which clipped the parliamentary majority of President Erdoğan's neo-Islamist ruling party -- have conjoined into an explosive state of affairs. To boot, NATO, which is obliged to defend a member state under siege, has now been drawn into a three-way fray in which Turkey is lashing out at both the Kurdish resistance and ISIS. Writing from Istanbul, Behlül Özkan ominously foresees "Armageddon" descending on the region. Mustafa Akyol, also writing from the shores of the Bosphorus, argues that Erdoğan's assault on the Kurds in tandem with ISIS is aimed at bolstering his nationalist credentials at home in order to block the HDP, which stands in the way of his autocratic vision. (continued)

Puerto Rico's Symbolic Power

Maritza Stanchich, Ph.D. | Posted 07.31.2015 | Politics
Maritza Stanchich, Ph.D.

Given Puerto Rico's heightened media visibility, no doubt the world now has its eyes on how the United States will respond to the needs of the island, one of the last colonies in the world.

Greece's Current High-Wire Act

Evangelos Venizelos | Posted 07.31.2015 | World
Evangelos Venizelos

SYRIZA, which holds the government and first party of this House, must finally say, as soon as is it possible, what its clear and definitive position is as to the identity and future of the country.

The Dangers of Political Moralizing

Paul W. Kahn | Posted 07.30.2015 | Politics
Paul W. Kahn

To ask the left to give up its moralizing rhetoric is to ask a lot, for there is genuine anger about the victims of today's neoliberal order. But a politics driven by morality will look like the Occupy Movement here and Syriza in Greece. Both tried to make politics into a moral battle of good and evil; both lost the moral battles they brought on.

Wars of Attrition

Kostas Kostis | Posted 07.30.2015 | World
Kostas Kostis

The circumstances we have experienced in these past several years in Greece are not unprecedented. We can find such situations in many other countries as well, and as examples I could quickly mention the former socialist countries, Europe's periphery countries, and countries in Latin America and Northeast Asia.

Greece's Trump Card - NATO ?

Elena Ulansky | Posted 07.30.2015 | World
Elena Ulansky

The headlines on the talks between Brussels and Athens on the 86 billion euro bailout of Greece seem to indicate nothing but problems. It appears that even before talks can begin, Greece is being asked to enact further laws.

Solarizing Greece Is a Way Out of the Crisis

Kumi Naidoo | Posted 07.30.2015 | Green
Kumi Naidoo

With energy poverty emerging as one of the most dramatic symptoms of the recession -- six out of every 10 households are struggling to pay their energy bills -- it is high time that Greece seized upon its greatest and still largely unexploited asset: the Sun.

Greece's Prime Minister Tries To Quell Party Rebellion

Reuters | Nick Robins-Early | Posted 07.30.2015 | World

Greece's ruling Syriza movement backed a call on Thursday from Prime Minister Alexis Tsipras to hold an emergency party congress as he seeks to asser...

Greece's Tspiras Says Won't Go Beyond Agreed Reforms

Reuters | Charlotte Alfred | Posted 07.29.2015 | World

Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not im...

War Of Nerves Marks Newest Round Of Greek Debt Talks

Reuters | Eline Gordts | Posted 07.28.2015 | World

  ATHENS/BRUSSELS, July 28 (Reuters) - Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlig...

Greece Moves Forward In Bailout Talks As Government Comes Under Fire

AP | Nick Robins-Early | Posted 07.28.2015 | World

ATHENS, Greece (AP) — Greece pushed ahead with talks on a new rescue loan Tuesday, but its government came under increasing pressure over clai...

Varoufakis Had Secret Plans For A Parallel Greek Payment System

The Huffington Post | Nick Robins-Early | Posted 07.27.2015 | World

Greece's debt saga took an unexpected turn on Sunday, when Greek media reported that former finance minister Yanis Varoufakis had surreptitiously mad...

Germany Wants A Strong Greece

Peter Wittig | Posted 07.26.2015 | World
Peter Wittig

There has been a lot of talk about who has won and who has lost in the recent negotiations on the Greek debt crisis, about who is strong and who is weak in Europe, who is cruel to whom and who has dictated what. This whole discussion, in my mind, misses the point. Europe, especially Germany, wants a strong Greece.

Greek Bailout Talks Delayed Once Again, Official Says

Reuters | Nick Robins-Early | Posted 07.25.2015 | World

ATHENS, July 25 (Reuters) - Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days becau...

Weekend Roundup: Politics Is the Art of the Possible

Kathleen Miles | Posted 07.24.2015 | World
Kathleen Miles

In 1867, then Prime Minister of Prussia Otto von Bismarck (who, with parallels today, maintained German hegemony over Europe) famously said that politics is the art of the possible. If you don't have to deal with a political opponent, you can dream up the perfect policy. But when you have an opponent, you have to set aside the dream and consider the political possibilities. This week, from Iran to Greece to Cuba, the world both celebrated and protested the politically possible. (continued)

A Death in Brussels

Michael Brenner | Posted 07.23.2015 | World
Michael Brenner

Let's tell it straight: "Europe" committed suicide last weekend in Brussels. It was an assisted suicide. The IMF wrote the original story line and set the scene; the European Central Bank provided the revolver and ammunition; while Germany unrelentingly urged that the suicide was a necessary act of moral redemption that was imperative to save the EU from eternal damnation.

Provoking the Past in the Greek Referendum

American Anthropological Association | Posted 07.23.2015 | World
American Anthropological Association

In ATM queues up and down the country it became particularly striking how people discussed their fears and aspirations for the future through extensive reference to poignant pasts.

The Financial Crisis in Greece: A Spiritual Crisis in Disguise and an Urgent Call for Change

Maria Benardis | Posted 07.22.2015 | Business
Maria Benardis

Despite the financial crisis in Greece, there are many aspects of Greece that are not in crisis such as the beauty of its environment, food, history, culture and the hospitality of its people.

Greek Bailout Vote To Test Syriza Party Rebellion

AP | Charlotte Alfred | Posted 07.23.2015 | World

ATHENS, Greece (AP) -- Greek lawmakers launched a late-night debate Wednesday on further reforms demanded by international creditors in retu...

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.

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...

Merkel Rules Out Greek Debt Write-Off, But Open To Other Relief

AP | Charlotte Alfred | Posted 07.19.2015 | World

BERLIN (AP) -- Chancellor Angela Merkel on Sunday suggested that Germany would show flexibility in negotiating how Greece deals with its massive debt...

Greece Orders Banks To Re-Open Monday

Reuters | Charlotte Alfred | Posted 07.18.2015 | World

ATHENS, July 18 (Reuters) - The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collaps...

Weekend Roundup: A German Europe and a New Middle East

Nathan Gardels | Posted 07.19.2015 | World
Nathan Gardels

This week the geopolitical balance changed decisively. As Margaret Thatcher warned long ago, a German Europe, not a Europeanized Germany, would one day be the dominant reality on the continent. The tough terms of the latest Greek bailout and the relegation of France to a junior partner in those negotiations confirm her prescience. As Iranian philosopher Ramin Jahanbegloo writes in response to this week's historic nuclear deal and opening with Iran, "from now on Iran will be a full partner in the big game in the Middle East and the world," including through "intensified sectarian proxy wars" in the region. (continued)