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Greece Debt Crisis

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...

Debt Ceiling for Dummies: Why Compromise Is so Necessary

Jonathan_Miller | Posted 09.23.2011 | Politics
Jonathan_Miller

I offer the following straightforward, plain-English summary to hopefully help better explain the real-life impact of American credit default.

William Alden

Greece Debt Plan Doesn't Solve Fundamental Problems

HuffingtonPost.com | William Alden | Posted 09.21.2011 | Business

A deal struck by European leaders providing debt relief to Greece has soothed fears of a fresh crisis, but the nation's ailing troubles -- and by exte...

Second Greece Bailout Sends World Stocks Up

AP | Posted 09.21.2011 | Business

LONDON -- Relief at a bailout package for Greece drove global shares higher Friday after European leaders made sweeping changes to a rescue fund in an...

EU Leaders Give Rescue Fund New Powers To Contain Debt Crisis

Reuters | Posted 09.20.2011 | World

(Reuters) - Euro zone leaders were set to give their financial rescue fund sweeping new powers to prevent contagion and help Greece overcome its ...

Anne in Tanglewood With DSK: Preparing a Man for Prison

Vanessa Andris | Posted 09.19.2011 | Crime
Vanessa Andris

If you've never had your man indicted for a major crime, you may not understand what Anne Sinclair is doing by accompanying her husband to a summer symphony as he awaits trial. But I do.

Advice Hillary Clinton Should, But Won't, Give to Economically-Strapped Greece

Medea Benjamin | Posted 09.18.2011 | World
Medea Benjamin

Don't count on Hillary Clinton advocating an austerity plan for Greece or the United States -- that would alienate her friends in the weapons business.

Simon Johnson: Europe's Three Forms Of Contagion

Bloomberg | Simon Johnson | Posted 09.17.2011 | Business

There are three types of contagion in a financial crisis, when the potential collapse of a firm, bank or country threatens to spiral out of control. T...

Greece's Prime Minister: 'It Is Time For Europe To Wake Up'

Posted 09.15.2011 | World

ATHENS, July 16 (Reuters) - Greece's Prime Minister George Papandreou ruled out bankruptcy for his debt-choked country and said it was time for Eu...

European Banks Must Bolster Capital Cushions: ECB Official

Posted 09.15.2011 | Business

(Reuters) - Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki ...

A Modern Monetary Theory Approach to Solving Greek Solvency

Warren Mosler | Posted 09.10.2011 | Business
Warren Mosler

Greece will restore national sovereignty, and regain control of the process of full compliance with the general EU requirements for all member nations, only when it restores its financial independence.

Potential U.S. Spending Cuts Might Further Weaken Recovery

Posted 09.10.2011 | Business

NEW YORK (Steven C. Johnson) - Two years removed from its worst recession since World War Two, the U.S. economy is still struggling to create jobs...

Could Europe's Political Project Go the Way of the US Confederacy?

James K. Galbraith | Posted 09.10.2011 | World
James K. Galbraith

Europe's political structure is also suspended between two stable formations: the federated nation state and the international alliance. This in-between structure is called a confederacy, and it is something that was tried and which failed in North America.

Punish the Bankers, Not the Public

Eric Margolis | Posted 09.10.2011 | Politics
Eric Margolis

Finance is our new state religion. The power of the banks must be curbed and brought under control. How many more crises do we need before this lesson sinks in?

Live From Greece

Arjuna Ardagh | Posted 09.06.2011 | World
Arjuna Ardagh

The lessons we can learn here are not from Greek politicians or economists, but how you and I can learn to fully enjoy our lives in the midst of the messes created by them.

Focusing All on Greece Ignores the Elephant in the Room

Amb. Vassilis Kaskarelis | Posted 08.31.2011 | Business
Amb. Vassilis Kaskarelis

Greece and its people take responsibility for their own failings and have launched an unprecedented effort to make them right. We will not, however, be held responsible for a global economic crisis, the roots of which lie elsewhere.

Postcard From Greece: This Should Not Be About Austerity, It's About The Future Of Democracy

Arianna Huffington | Posted 08.28.2011 | World
Arianna Huffington

Given that the Greeks invented democracy, it's only fitting that they're now being given the chance to reinvent it. As I found out during my trip to Greece last week, those really are the stakes.

Greek Riot Police Respond To Protestors With Tear Gas

AP | ELENA BECATOROS and DEREK GATOPOULOS | Posted 08.28.2011 | Business

ATHENS, Greece — Hours of rioting outside Greece's parliament left 46 people injured Tuesday, on the eve of a vote by lawmakers to adopt more pa...

El-Erian: European Debt Crisis Will Be Solved 'Through Default'

Posted 08.22.2011 | Business

TAIPEI - The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to reso...

An Open Letter to the People of Greece: Restore the Drachma

Ann Pettifor | Posted 08.21.2011 | Business
Ann Pettifor

Greece's elected politicians have plunged the country into a spiral of decline. Is there anybody on earth who seriously believes that austerity will restore the prosperity of Greece? Equally ludicrous is the idea that there is no alternative.

Global Markets Lifted On Hopes Greece Will Pass Confidence Vote

Posted 08.21.2011 | Business

LONDON (AP) -- Hopes that the Greek government will pass a crucial confidence vote later Tuesday, paving the way for the debt-stricken country to get ...

Fitch Still Sees Risk Of Greek, U.S. Debt Defaults

Posted 08.21.2011 | Business

SINGAPORE (Masayuki Kitano) - Fitch Ratings said on Tuesday that it would regard a voluntary rollover of Greece's sovereign bond maturities as a d...

Bonnie Kavoussi

As Greece Teeters Closer To Default, Investors Bet On Political Will For Preserving European Union

HuffingtonPost.com | Bonnie Kavoussi | Posted 08.20.2011 | Business

As Greece teetered closer to the precipice of government default, investors appeared to come to the conclusion on Monday that although the troubled co...

Greece Faces Power Outages Due To Austerity Strike

AP | ELENA BECATOROS | Posted 08.20.2011 | World

ATHENS, Greece — Greece was hit by rolling blackouts Monday as employees at the main power utility began 48-hour rolling strikes to protest the ...