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Greece Debt Crisis

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...

Beyond the Financial Crisis: Germany's Plan to Regrow the Global Economy

Jeremy Rifkin | Posted 12.24.2011 | Business
Jeremy Rifkin

The world community will be watching the German experiment closely to see whether a new economic model take shape there can serve as a template for ushering in a new economic era. Germany's future, as well as Europe's and the world, depends on its success.

European Debt: The Big Picture

Simon Johnson | Posted 12.23.2011 | Business
Simon Johnson

For everyone struggling to get their arms around the debt crisis in Europe, Bill Marsh in today's New York Times offers literally a compelling picture, with graphic illustration for the key issues.

Crisis In Europe Puts Global Economy In Danger

Peter S. Goodman | Posted 12.21.2011 | Business
Peter S. Goodman

At this point, anyone not officially frightened by the bleak situation in Europe simply hasn't been paying attention. Even before the latest dispiri...

Financial Occupation

Lydia Fisher | Posted 12.21.2011 | Business
Lydia Fisher

The silver lining in the ongoing crisis is that it challenges the world -- about the world being owned by few. Maybe we'll get it all out there for a healthy dialogue and movement for economic justice.

One Dead In Greek Riots

AP | NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 12.20.2011 | World

ATHENS, Greece — Greek lawmakers passed a deeply resented new austerity bill Thursday, caving in to the demands of international creditors in or...

Global Stocks Jump On New Debt Crisis Pledge

Posted 12.10.2011 | Business

(Natsuko Waki) - World stocks and the euro rose on Monday while top-rated government bonds and the dollar fell after German and French leaders pro...

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.

The Pharmacy of Europe

Bernard-Henri Lévy | Posted 12.06.2011 | World
Bernard-Henri Lévy

That Europe is both the name of what ails us and its remedy, that it is among the origins of the crisis and the means of surmounting it should come as no surprise to those who remember the lessons of our masters.

Real Economic Patriotism

Paul A. London | Posted 12.05.2011 | Politics
Paul A. London

The economic story that the Republican Party is peddling to American voters is profoundly unpatriotic and dead wrong.

Greece Paralyzed: Protestors Clash With Police, Terrorist Trial Postponed

AP/The Huffington Post | Posted 12.05.2011 | World

ATHENS, Greece (AP) -- Judicial authorities postponed a trial of eight Greek terrorist suspects until later this month, as lawyers were participating...

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.

Greece OKs Controversial New Tax

AP | Posted 11.27.2011 | World

ATHENS, Greece -- Greek lawmakers approved a controversial new property tax Tuesday that aims to boost revenue as the country struggles to obtain a cr...

OECD, ILO: World Governments Must Put Greater Focus On Jobs

AP | By SARAH DiLORENZO | Posted 11.26.2011 | Business

PARIS -- World governments must not let their focus on spending cuts keep them from creating jobs that will be a key part of economic recovery, an int...

German Finance Minister: Greece Will Be Competitive In a Decade

Posted 11.24.2011 | Business

German Finance Minister Wolfgang Schaeuble said in a magazine interview published on Saturday that Greece would not be able to return to capital m...

Greece as Whipping Boy for 'Troika' Bullies

Ann Pettifor | Posted 11.23.2011 | Business
Ann Pettifor

As mayhem breaks out on stock markets; as Eurozone banks freeze up; and as the global financial system approaches a frightening 'danger zone,' the champions of the globalised 'free market' are in search of a scapegoat.

Moody's Downgrades Eight Greek Banks On Exposure To Government Bonds

AP | ELENA BECATOROS | Posted 11.23.2011 | Business

ATHENS, Greece — Moody's downgraded eight Greek banks Friday, citing their exposure to their government's bonds and the deteriorating economic s...

Greece Must Shrink Public Sector To Avoid Default, Lenders Say

Posted 11.19.2011 | Business

ATHENS (George Georgiopoulos and Ingrid Melander) - International lenders told Greece on Monday it must shrink its public sector and improve tax c...

Banker's Resignation At ECB Comes At Worst Possible Time

Posted 11.11.2011 | Business

(PAUL TAYLOR, Reuters) - The resignation of the top German official at the European Central Bank could hardly have come at a worse time for euro ...

Who Bears The Burden Of A Broken Global Economy?

Vanity Fair | Michael Lewis | Posted 10.10.2011 | Business

With Greece and Ireland in economic shreds, while Portugal, Spain, and perhaps even Italy head south, only one nation can save Europe from financial A...

Congress: You Are the Scorekeepers for the U.S. Dollar, Not a Player!

Warren Mosler | Posted 10.01.2011 | Politics
Warren Mosler

There is no looming financial crisis for the U.S. Government, the scorekeeper for the U.S. dollar. The U.S. Government can't run out of dollars, and it is not dependent on taxing or borrowing to be able to spend.

Privatization Helps: The Hungarian Example

Donald Blinken | Posted 09.30.2011 | World
Donald Blinken

As Greece works itself out of financial crisis, it should look to Hungary fifteen years ago for part of the answer. Far too large a segment of the Greek economy remains locked up in public hands.

The European Union's Fort Sumter Moment

Sarwar Kashmeri | Posted 09.27.2011 | World
Sarwar Kashmeri

Now, with the economic collapse of Greece, the day of reckoning has arrived. The EU stands at the brink of its Fort Sumter moment.

Dismantling States: Lessons From Greece

Paul R. Epstein, M.D., M.P.H. | Posted 09.26.2011 | Business
Paul R. Epstein, M.D., M.P.H.

Cutting public sector budgets, laying off state workers, emasculating health, education and support for infrastructure has become a global phenomenon. And the results are not pretty.

Greece's Credit Rating Takes Another Hit

AP | NICHOLAS PAPHITIS | Posted 09.26.2011 | World

ATHENS, Greece — Standard and Poor's on Wednesday relegated Greek government bonds to the deeper end of junk status, cutting the debt-crippled c...