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Greece Debt Crisis

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...

Greece Set To Receive Bailout Funds Before Debt Deadline

AP | Charlotte Alfred | Posted 08.19.2015 | World

BERLIN (AP) -- European bailout fund supervisors on Wednesday approved the release of billions of euros to help rebuild Greece's devastated ...

Greek PM Tsipras Likely To Call Confidence Vote After Party Rebellion

Reuters | Nick Robins-Early | Posted 08.17.2015 | World

ATHENS, Aug 17 (Reuters) - The Greek government appears likely to call a confidence vote following a rebellion among lawmakers from the ruling Syriza...

Germany's Merkel To Face Down Party Rebels In Greek Bailout Vote

Reuters | Charlotte Alfred | Posted 08.15.2015 | World

BERLIN, Aug 15 (Reuters) - In a major test of her authority, Chancellor Angela Merkel will ask skeptical German lawmakers to back an 86 billion euro ...

Greece's Ruling Syriza Party Edges Towards A Split

Reuters | Nick Robins-Early | Posted 08.13.2015 | World

ATHENS, Aug 13 (Reuters) - Greek Prime Minister Alexis Tsipras's Syriza party looked set to split after the leader of its far-left faction called on ...

26 Crazy Ideas To Help Greece

Nicole Neroulias Gupte | Posted 08.14.2015 | Impact
Nicole Neroulias Gupte

Have some empathy for the struggling families that inevitably bear the brunt of economic disasters, despite the bankers and lawmakers who continue to encourage and profit from irresponsible behavior.

Greece And Creditors In Final Push For Bailout

Reuters | Nick Robins-Early | Posted 08.10.2015 | World

(function(){var src_url="https://spshared.5min.com/Scripts/PlayerSeed.js?playList=519001358&height=381&width=570&sid=577&origin=SOLR&videoGro...

Greece Hopes To Conclude Bailout Talks This Week

Reuters | Nick Robins-Early | Posted 08.10.2015 | World

ATHENS, Aug 9 (Reuters) - Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as...

Weekend Roundup: Singapore at 50 Shows Why Governance Matters

Nathan Gardels | Posted 08.08.2015 | World
Nathan Gardels

While many countries in what used to be called the Third World remain stuck in the same poverty and ethnic strife that characterized them in the immediate post-colonial era, Singapore stands out for its rapid rise to prosperity and peaceful embrace of diversity. From the day it became independent on August 9, 1965 to 2014, Singapore's GDP per capita has soared an astonishing 3700 percent. Above all, Singapore's lesson for the world is that governance matters. (continued)

The Latest From Athens

David C. Wittig | Posted 08.04.2015 | World
David C. Wittig

It is impossible for Greek businesses to get credit outside of Greece. The amount of money that may leave the country to buy essential goods and services is severely limited. It will be no surprise when GDP shrinks in the third quarter and when unemployment spikes.

From Greek to Euro Crisis: How German Ideology Is Destroying Europe's Future

Jakob von Uexkull | Posted 08.03.2015 | World
Jakob von Uexkull

The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.

Tsipras and Hamlet

Elias Kulukundis | Posted 08.03.2015 | World
Elias Kulukundis

Tsipras now talks of a party-wide referendum on the Eurozone's demands which may be a prelude to elections in September. We will see what the results will be, but it appears that whatever the pulse of the public may be at any given time, the long-range judgment of history should be hard on the Prime Minister.

Greek Stocks Plummet After Five-Week Shutdown

Reuters | Nick Robins-Early | Posted 08.03.2015 | World

ATHENS, Aug 3 (Reuters) - Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears the countr...

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

Nathan Gardels | Posted 08.01.2015 | 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 08.03.2015 | 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 08.02.2015 | 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.