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Greece Debt Crisis

IMF Chief Economist: Greece Haircut Will Be 'Very Large'

Reuters | Posted 04.07.2012 | Business

WASHINGTON, Feb 6 (Reuters) - The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be...

Back to the Drachma: Time to Let Greece Be Greece

David Paul | Posted 04.06.2012 | Business
David Paul

While the world has focused on Greece's failures -- with the implication that it was German beneficence that allowed Greek participation in the euro in the first place -- it is easy to lose sight of the fact that Germany has been the greatest beneficiary of the creation of the eurozone.

Despite Huge Bailout, Greece Still Short On Funds

AP | By GABRIELE STEINHAUSER | Posted 04.03.2012 | Business

ATHENS, Greece — Greece's Finance Minister says the European Central Bank and national central banks should be part of a debt relief deal with t...

Greek Fury at the EU Suggestion for a Financial Control Board

Frank A. Weil | Posted 04.01.2012 | World
Frank A. Weil

The drama of this century to date plays on with amazing speed and volatility. The Greek government and people, despite more than enough reasons for so...

Creditors Would Face Huge Loss In Greek Debt Deal

AP | GABRIELE STEINHAUSER and ELENA BECATOROS | Posted 03.31.2012 | Business

BRUSSELS — Investors participating in a deal to slash Greece's massive debt would face an overall loss on their bond holdings of more than 70 pe...

EU Financial Tug of War and the Greek Catalyst

Nikolas Katsimpras | Posted 03.27.2012 | World
Nikolas Katsimpras

No matter how inspiring the future European vision might be, the strategy towards it, unfortunately, bears neither fiscal nor social morality over the people. The domino effect has started from Greece.

Debt-Ridden Greece Targets Tax Evaders In Aim To Recoup Funds

AP | By NICHOLAS PAPHITIS | Posted 01.23.2012 | Business

ATHENS, Greece -- Debt-crippled Greece has named some 4,000 alleged tax dodgers, including a former media magnate and a prominent entertainer, with th...

Politicians Seeking Upper Hand Over Hedge Funds in Greek Bailout

David Paul | Posted 03.23.2012 | Business
David Paul

There are many participants involved, and each has their own set of metrics for a successful outcome of the Greece workout.

Greece: Voluntary or Involuntary - Default Is a Given

Asher Edelman | Posted 03.21.2012 | Business
Asher Edelman

The Greek people will resist the effect of either default on Greece's economic future. They will not allow their assets to be pledged or sold to the seemingly stronger nations.

Romney and His European Straw Dog

Edward Goldberg | Posted 03.13.2012 | Business
Edward Goldberg

For the Romney campaign, Europe has taken over from China as the punching boy that represents the foreign other. In reality, to say or suggest that Europe has nothing to do with the American economy or American job growth is to live in pre-globalized fantasy land.

Is Austerity Helping Or Killing Greece's Economy?

The Washington Post | Posted 01.11.2012 | World

Deeply indebted and nearly bankrupt, this Mediterranean nation was forced to adopt tough austerity measures to slash its deficit and secure an interna...

Bonnie Kavoussi

Lost In Translation? The Latest Troubling Indicator From Europe | Bonnie Kavoussi | Posted 01.04.2012 | Business

An increasing number of workers in the troubled Mediterranean countries of Italy, Spain and Greece are having their resumes translated into English an...

The Diaspora To The Rescue In Greece... Well, Almost

Gregory C. Pappas | Posted 03.03.2012 | World
Gregory C. Pappas

Watching heart-wrenching stories about destitute Greeks coping with the crisis that has consumed the nation isn't exactly what I had in mind when I journeyed home for the holidays.

Institutional Reforms Can Lead Greece Out of the Crisis

Elena Panaritis | Posted 02.12.2012 | Business
Elena Panaritis

Resolving the deep and prolonged economic crisis in Greece requires a lot more than rescue funds. It requires more than short-term macroeconomic reforms and austerity measures.

The Core of the Economic Debate

Michael Farr | Posted 02.07.2012 | Business
Michael Farr

In Europe and the United States, debates over deficits, austerity, and intervention are being conducted in several languages, but they share the same essential elements.

Vice President Joe Biden To Greece: U.S. 'Standing With You In Solidarity'

AP | By DEREK GATOPOULOS | Posted 12.05.2011 | Business

ATHENS, Greece -- U.S. Vice President Joe Biden told Greek political leaders Monday his government is "standing with you in solidarity," at the start ...

Bonnie Kavoussi

Arianna Says Greece Should Leave Eurozone | Bonnie Kavoussi | Posted 12.03.2011 | Business

Some economists have warned that the economic consequences for Europe could be dire if Greece leaves the euro. But Arianna Huffington, president and e...

GRAPHIC: European Debt Balloons Over The Last Decade

The Huffington Post | Harry Bradford | Posted 11.28.2011 | Business

Though the European debt crisis has in recent months revolved a small number of countries, most prominently Greece and Italy, issues of sovereign deb...

Greek Official Accused Of Falsifying Budget Data To Make Crisis Look Worse

Posted 11.28.2011 | Business

ATHENS (Reuters) - Greece's statistics chief will testify next month in a criminal investigation into allegations that his office falsified the bu...

What's the Risk From a Country Leaving the Eurozone?

Jared Bernstein | Posted 01.27.2012 | Business
Jared Bernstein

The more we learn about this one, the better. No one knows the likelihood of, say, Greece, to pull an example out of the air, pulling out of the Eurozone and reverting to the drachma. I'd guess not, but the potential is obviously real and growing.

In the Face of Financial Crisis, Redo Ancient History

Bernard-Henri Lévy | Posted 01.23.2012 | World
Bernard-Henri Lévy

Rome and Athens, epicenters of the economic and financial storm currently shaking Europe and the world. You read it right: Rome and Athens. In other words, the two cradles of Europe.

Greek Workers Plan General Strike To Protest Austerity Budget

AP | ELENA BECATOROS | Posted 01.22.2012 | Business

ATHENS, Greece — Greek unions will kick off the month of December with a 24-hour general strike – the first major walkout since the appoin...

Greek Officials: Country's Deficit Will Fall, No New Austerity Needed

AP | By NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 11.18.2011 | Business

ATHENS, Greece -- Greece predicted Friday that its budget deficit will fall sharply next year and insisted that no fresh austerity measures will be ne...

Rebuilding Greece

Thanos Dimadis | Posted 01.15.2012 | World
Thanos Dimadis

The new generation of Greek people is capable of sending a message around the world that although Greece is financially defaulted, it is not a politically declined and nationally humbled country.

Our Notion of Nations

Jeff Jarvis | Posted 01.14.2012 | World
Jeff Jarvis

Will we question the idea of what a nation is? Are Greece and Italy still sovereign nations when bankers can overthrow their governments and neighbors can dictate the terms of governance?