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Greece Debt Crisis

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.

The Huffington Post Has Been Speaking Greek For A Year

Pavlos Tsimas | Posted 11.20.2015 | World
Pavlos Tsimas

If we had these 365 days flash before our eyes, those that would remain in our memories would not be the days that burned up in political fever, but those that gave a platform to everyday heroes.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

If Greece continues to refuse to deal with the NPL problem, it is only a matter of time before the Europeans simply cut the Greeks off completely.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

Question ... "When is the tipping point?" Do you recognize it before it happens or only after? Has Greece already tipped over? The current governme...

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.

Experiencing and Explaining the Greek Crisis With Children

Zanthe Taylor | Posted 10.08.2015 | Parents
Zanthe Taylor

What, if any of this, could our children understand? What have they taken away from their eyewitness view of the world's economic turmoil?

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...

Tsipras 2.0

Pavlos Tsimas | Posted 09.22.2015 | World
Pavlos Tsimas

Alexis Tsipras is now alone, without the power of magic, he must prove that, apart from a risk-taking gambler and charismatic claimant of elections, he can also be an effective manager of a government that has 10 months to perform a miracle.

Meet TINA, Greece's New Prime Minister

Sotiris Mitralexis | Posted 09.21.2015 | World
Sotiris Mitralexis

After his humiliating capitulation in July, PM Alexis Tsipras didn't resort to merely admitting a defeat, but turned his profound U-turn into an ideology.

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.

Greek Election: Five Key Takeaways

Cas Mudde | Posted 09.20.2015 | World
Cas Mudde

This was the last election that Tsipras could win purely on the basis of the failure of the other candidates. The next time, be it in one year or in four, voters will judge him, rather than his opponents. Is Tsipras ready for this?

Tsipras' Syriza Party Wins Greek Election

The Huffington Post | Nick Robins-Early | Posted 09.21.2015 | World

Greece's Syriza party is set to win a convincing victory in the national election, as the last of the votes are still being tallied. The projected re...

Greek Voters Cast Their Ballots In The Second Election Of 2015

The Huffington Post | Nick Robins-Early | Posted 09.20.2015 | World

Greek voters may be feeling déjà vu Sunday as they head to the polls to cast their ballots in the country's second election and third n...

The Terror of Political Cost

Spyros Lykoudis | Posted 09.17.2015 | World
Spyros Lykoudis

Cooperative governments that came about in the last years have been a product of necessity, political arithmetic, not of conviction to better government and consent to a nation-wide understanding so as to get through the evident national dead ends, to end national decay.

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).

When History Elects a Government

Konstantina Karakosta | Posted 09.14.2015 | World
Konstantina Karakosta

On April 23rd, 2010, Prime Minister George Papandreou issued an announcement: "It is absolutely necessary that we make a formal request to our partners to activate the support mechanism we and the other members of the EU have created together."

Help the Refugees With Debt for Dignity Swaps

Lorelei Kelly | Posted 09.09.2015 | World
Lorelei Kelly

Spurred on by the increasingly dire human and political costs of inadequate response, European leaders will gather in mid-September to address the refugee crisis. They should look to the environmental conservation movement to find innovative policy ideas.

Can a Singer Do Greek Politics Better?

Maria Paravantes | Posted 08.31.2015 | World
Maria Paravantes

I can only wonder whether instead, we need people who are good managers more so than those who know how to play the game of politics -- i.e. kinda lying, kinda negotiating, kinda compromising, kinda forgetting morals in the process.

Weekend Roundup: Refugees and Market Woes Put World on Edge

Nathan Gardels | Posted 08.28.2015 | World
Nathan Gardels

The undertow of China's slackening economy and the mounting tide of refugees pushing through border after border in Europe put the world on edge this week. After spiraling down, volatile stock markets rallied back, for now. . . Writing from Beijing, Fred Hu argues that what we are witnessing is China's shift toward the "new normal" of a slower growth paradigm focused on domestic consumption instead of investment and export-led growth. He expresses confidence that his country will weather the storm, writing, "it is a loser's game to bet against China's leaders." Nobel laureate Michael Spence locates the culprit of market volatility in the flood of funds unleashed by low interest rates looking for higher returns, which has led to the gap between a financial bubble and the real economy now undergoing a correction. (continued)

Weekend Roundup: Fate of Iran Deal Twists in the Wind

Nathan Gardels | Posted 08.21.2015 | World
Nathan Gardels

In the dog days of late summer in the northern hemisphere, the fate of the deal that would curb Iran's capacity to produce nuclear weapons twists in the wind. The ongoing uncertainty has revealed just how hard it is for U.S. President Barack Obama to establish his authority over the U.S. Congress and America's allies. The robust public debate over the controversial deal in Iran also reveals it is a much more open society than its Arab counterparts in the region. Seyed Hossein Mousavian, a former head of the foreign relations committee of Iran's Supreme National Security Council, envisions a new era of relations between Iran and America and calls on the U.S. Congress not to make an "historic blunder" by rejecting the deal. Iranian philosopher Ramin Jahanbegloo argues that "the habits of hope in Iranian culture" are behind the public embrace of the agreement. (continued)

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.

Syriza Rebels Split From Tsipras As Greece Heads To New Election

Reuters | Charlotte Alfred | Posted 08.21.2015 | World

ATHENS, Aug 21 (Reuters) -- Rebels angered by Greece's international bailout walked out of the leftist Syriza party on Friday, formalizing a...

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 Receives First Bailout Loans And Avoids Default

AP | Charlotte Alfred | Posted 08.20.2015 | World

ATHENS, Greece (AP) -- Greece received the first 13 billion euros ($14.5 billion) from its new bailout package on Thursday, allowing it to pay a debt...