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Greece Debt Crisis

Grexit for the Good of the Eurozone

Russell Green | Posted 04.25.2015 | World
Russell Green

If the Greeks leave the Eurozone, it would be awful. Both Greece and the remainder of the euro area would experience damaging volatility and uncertainty. But "Grexit" does not have to be all bad.

IMF Chief Expresses Optimism For Greece

HuffPost Live | Chris Branch | Posted 02.23.2015 | World

In a HuffPost Live interview Monday, IMF Chief Christine Lagarde told Arianna Huffington that she remains optimistic for Greece's economic future, as ...

'Grexit' Must Die, Now and Forever!

Justine Frangouli-Argyris | Posted 04.21.2015 | Politics
Justine Frangouli-Argyris

The new era of Greece in the European Union will have to bring equality, stability and fairness in its relationship with its partners. The country has spent far too much capital to remain inside the Eurozone and owes it to itself, and its citizens, to conclude a program that will provide an appropriate balance of budgetary stability and development.

The Fate of Europe and the World May Rest in Greece

Sen. Bernie Sanders | Posted 04.19.2015 | Politics
Sen. Bernie Sanders

The new Greek government needs support in establishing pro-growth policies which create jobs, expand their economy and enable them to pay down their debts. Demanding that creditors are paid before any of that is allowed to happen may come at a very heavy price for more than just the people of Greece.

Who's Extorting Whom? It's All About Coercion

Mark Weisbrot | Posted 04.19.2015 | World
Mark Weisbrot

The Economist's Feb. 6 cover displayed the Venus de Milo statue pointing a revolver, with the headline "Go ahead, Angela, make my day." In the editors' upside-down world, Greece is threatening Europe, or at least Germany. Really?

Greece Confident Of Agreement Ahead Of Eurozone Negotiations

Reuters | Posted 04.17.2015 | World

By Jeremy Gaunt and Karolina Tagaris ATHENS, Feb 15 (Reuters) - Greece said on Sunday it was confident of reaching agreement in negoti...

Greek PM Tsipras Lays Out His Case As The Clock Ticks On An EU Bailout

Reuters | Posted 04.14.2015 | World

By Alastair Macdonald and Foo Yun Chee BRUSSELS, Feb 12 (Reuters) - Greece's radical new prime minister Alexis Tsipras was in Brussels...

Greece and Europe: The Need for a Political Response

Tassos Giannitsis | Posted 04.11.2015 | World
Tassos Giannitsis

Given all current complex problems characterizing the European landscape, Greece must abandon many myths and stereotypes, accept that the country itself is the source of many significant problems and that it should mobilize its own internal forces. Europe on the other hand should also admit to its mistakes.

Greece's New Prime Minister Rejects Bailout, Setting Up Clash With The EU

Reuters | Posted 04.10.2015 | World

By Lefteris Papadimas and Renee Maltezou ATHENS, Feb 8 (Reuters) - Leftist Prime Minister Alexis Tsipras laid out plans on Sunday to d...

All We Are Saying, Is Give Greece a Chance

Ambassador Gianna Angelopoulos | Posted 04.09.2015 | World
Ambassador Gianna Angelopoulos

The Greek people voted overwhelmingly for a new start. But Prime Minister Tsipras cannot deliver that new start alone. He needs help from World leaders and Europe's other leaders and the involved Eurozone officials, easing up the strict -- non-workable rules imposed -- on the Greek people.

Greece: ECB Kicks Syriza in the Face; Syriza Turns the Other Cheek

Mark Weisbrot | Posted 04.07.2015 | World
Mark Weisbrot

On Wednesday the European Central Bank announced it would no longer accept Greek government bonds and government-guaranteed debt as collateral. But Syriza's leadership are playing it smart. They responded to the ECB's assault without animosity or denunciations. They want the world to know who is the aggressor here and who is being reasonable.

Syriza Victory: A Glimmer of Hope for Greece?

Gregoris Kalai | Posted 04.06.2015 | World
Gregoris Kalai

These past two weeks mark a new start for Greece. The country is now, for the first time since joining the Eurozone, beginning to negotiate a new debt agreement as it rolls back austerity measures.

Leader And Lawmakers Of Greece's Far-Right Golden Dawn To Stand Trial

AP | Posted 04.06.2015 | World

ATHENS, Greece (AP) — A judicial panel in Greece has ruled that the leader and lawmakers from the extreme right Golden Dawn party will stand trial o...

A Greece Reading List (Or, Why The Euro Is Doomed)

Druce Vertes, CFA | Posted 04.05.2015 | Business
Druce Vertes, CFA

Unless the political and economic integration catches up, a sufficiently big crisis will inevitably rip up the Euro zone.

New Greek Leader Softens Rhetoric On Debt Talks With Europe

AP | DANICA KIRKA and MENELAOS HADJICOSTIS | Posted 04.04.2015 | World

LONDON (AP) — Britain's Treasury chief warned that the standoff between Greece and the eurozone over the country's bailout is endangering the global...

France Offers Support For Greece Amid Bailout Tensions

AP | SYLVIE CORBET | Posted 04.03.2015 | World

PARIS (AP) — France's Socialist government offered support Sunday for Greece's efforts to renegotiate debt for its huge bailout plan, amid renewed f...

Greece Seeks To Reassure Europe As Tensions Rise

Reuters | Posted 04.02.2015 | World

By James Mackenzie and Renee Maltezou ATHENS, Jan 31 (Reuters) - New Greek Prime Minister Alexis Tsipras, striking a co...

Merkel Rules Out Another Greek Debt Cut

AP | Posted 01.31.2015 | World

BERLIN (AP) — German Chancellor Angela Merkel has underlined the refusal of Greece's European creditors to consider forgiving part of the debt-ridde...

Europe And Greece: Managing Expectations And Driving Reform

Marco Vicenzino | Posted 03.31.2015 | World
Marco Vicenzino

Firmly backed by public opinion, Tsipras vows to keep Greece in the eurozone. Although the EU can assume its portion of blame for the status quo in Greece, the roots of Greece's misfortunes primarily lie within, that is, in decades of economic mismanagement and rampant graft.

Tsipras Promises A New Greece

Sophia Papaioannou | Posted 03.28.2015 | World
Sophia Papaioannou

We are a proud and hard-working people who saw our lives change abruptly, with the introduction of strict austerity measures. The new Prime Minister is promising to change all that.

Will Spain, Italy and France Follow the Greek Revolt Against Austerity?

Xenia Kounalaki | Posted 03.28.2015 | World
Xenia Kounalaki

ATHENS -- The strong mandate he got from the polls, has put a burden on Mr. Tsipras to fulfill the great expectations he produced. If he succeeds, the Spanish Podemos, the French Front National and Italy's Bepe Grillo could all follow suit and question Berlin's fiscal orthodoxy. The much feared domino effect set off by Greece at the outset of euro crisis in 2010 could now materialize in another way.

The Greeks Have Taken Responsibility

Rena Dourou | Posted 03.28.2015 | World
Rena Dourou

It has been clear that the Greek citizens have rejected, not just the austerity measures, but also the vicious, patronizing and corrupted political system, ruled for four decades by the conservative ND and the socialist PASOK.

A Break in the Greek Tragedy

Robert Kuttner | Posted 03.27.2015 | Politics
Robert Kuttner

Europe should count itself lucky that a leftwing anti-austerity party won the Greek elections, swept into office by citizens who've had enough. Elsewhere in Europe, seven years of stupid, punitive, and self-defeating austerity policies have led to gains by the far right. If a radical left party is now in power in Athens and sending tremors through Europe's financial markets, the EU's smug leaders and their banker allies in Frankfurt, Brussels and Berlin have only themselves to blame. Alexis Tsipras, leader of the winning Syriza coalition, says he doesn't want Greece to leave the Euro. He just wants Europe's leaders to renegotiate Greece's debt. It's about time. This crisis could have ended years ago with far less suffering for ordinary people who had no responsibilities for the offending policies. Greece, after all, has about two percent of the EU's total economic product -- and it has about 25 percent less than it had before the crisis. Writing off Greece's debt outright would have cost peanuts, and still would.

European Union 2015 and Greek Elections: Would a Syriza Win Be Good for EU Integration?

John Sydney Hopkins | Posted 03.24.2015 | World
John Sydney Hopkins

Syriza's call for a "European debt conference" to renegotiate the current loan debt is certain to provoke policy conflict, but may also facilitate broader discussion which may, in the best case, benefit EU integration in resolving an untenable Greek debt situation.

Greek Tragedy II

Nicos E. Devletoglou | Posted 03.11.2015 | World
Nicos E. Devletoglou

The latest Greek crisis, again threatening stability in Europe and beyond, is not principally financial. At any rate not yet. Instead, it stems from a serious anomaly that can be traced to the two consecutive referenda that summarily abolished the monarchy in Greece four decades ago.