iOS app Android app

Greece Debt Crisis

Greek Youth Unemployment Hits Staggering Record

Reuters | Posted 05.09.2013 | Business

ATHENS (Reuters) - Greek youth unemployment rose above 60 percent for the first time in February, reflecting the pain caused by the country's cripplin...

Why Are Greek Children Going Hungry?

Evaggelos Vallianatos | Posted 06.22.2013 | World
Evaggelos Vallianatos

Some of the Greeks I talk to on the phone tell me Greece now is reliving some of the harsh realities of WWII German occupation when hundreds of thousa...

Is the Entire Deficit Debate Based on a Big Mistake?

Les Leopold | Posted 06.18.2013 | Business
Les Leopold

Fear of debt is woven deeply into our culture. We associate debt with profligate spending, waste, gambling and overall sinfulness. As we learned during the housing bubble, it's easy to get in over our heads. So naturally we assume that the same must be true for our country -- government debt must be bad. But is it?

Beware of Europeans Bearing Bailouts

Michael Nevradakis | Posted 05.18.2013 | World
Michael Nevradakis

Some may speak of a "European dream," but when the EU's supposed welfare and social justice is apparently just a flimsy facade for corporate welfare and bailouts of irresponsible bankers, it seems that this "dream" is, in fact, a nightmare.

Calling All Goddesses

Karen Korellis Reuther | Posted 05.06.2013 | Impact
Karen Korellis Reuther

How would Greek women solve the multitude of challenges that Greece is facing? What would they suggest be changed, be fixed, be stopped in order to secure the future of this beautiful corner of the world?

The "Dictatorship of the Elites" in Greece

Thanos Dimadis | Posted 04.28.2013 | World
Thanos Dimadis

One of the major mistakes that international and European observers often make in their analyses about Greece is that they focus way too much on the p...

Swiss Red Cross Cuts Donor Blood Supply To Greece

AP | FRANK JORDANS | Posted 04.28.2013 | Impact

BERLIN — The Swiss Red Cross is slashing its supply of donor blood to Greece because the financially stricken country has failed to pay its bill...

Stealing Greece From the Greeks

Evaggelos Vallianatos | Posted 02.20.2013 | World
Evaggelos Vallianatos

Greece set the foundations of our civilization primarily because of her legacy of knowledge. Homer, Plato, Aristotle and Archimedes, and a galaxy of ...

Les Miserables of Greece

Justine Frangouli-Argyris | Posted 04.22.2013 | World
Justine Frangouli-Argyris

Yesterday's prosperous citizens require international humanitarian assistance and a strong support from the Greek-American community at large. The Greek government and its European allies cannot pretend that nothing is amiss anymore.

Will Greece Survive?

Marietta Giannakou | Posted 04.21.2013 | World
Marietta Giannakou

Is modern Greece going to survive out of the storm of the ongoing crisis? Is Europe about to change path from the achievements of post-war political cooperation and economic integration to the unchartered waters of national egoisms and self-minded interests?

European Authorities Still Punishing Greece -- Can They Be Stopped?

Mark Weisbrot | Posted 04.17.2013 | Politics
Mark Weisbrot

Alexis Tsipras has a tough job. He is leader of the Syriza Party of Greece, a left party that has risen meteorically in the past three years: from 4....

Greek Unemployment Hits Record High

AP | DEREK GATOPOULOS and ELENA BECATOROS | Posted 02.14.2013 | World

ATHENS, Greece -- Unemployment in Greece rose to a record 27 percent in November as a result of the financial crisis and austerity measures that will ...

Is There Hope for a Recovery of the Greek Economy?

Evangelos A. Calamitsis | Posted 04.10.2013 | World
Evangelos A. Calamitsis

After five years of a deepening economic recession and growing unemployment in Greece, one may wonder whether there is now hope ("elpida") for an end to the Greek fiscal and debt crisis, the restoration of the country's competitiveness, and a sustainable recovery of growth and jobs.

Greeks Stand Up to Protect Their Water From Privatization

Daniel Moss | Posted 04.03.2013 | World
Daniel Moss

Greece knows a thing or two about democracy. And as an increasingly arid nation, good water management is fundamental to its future, both political and physical. The recent financial crisis hasn't only tested Greek democracy, but its water as well.

Greece Shows Us How Poverty Degrades the Environment

Iain Murray | Posted 03.25.2013 | World
Iain Murray

Greece is regressing. As it becomes poorer, its environment suffers more. If you ever needed an illustration of why affordable energy is important for the environment, Greece provides it.

What They Aren't Telling Us About European Unity

Gemma Godfrey | Posted 03.23.2013 | World
Gemma Godfrey

Huge strides forward in Europe and subsequent market rallies have raised hopes for the region. So is the road to recovery now clear or are significant risks still present? Crucially, what are the key areas of conflict we should be watching closely and which are 'red herrings'?

Lincoln, Leadership Lessons and Greece

Ambassador Gianna Angelopoulos | Posted 02.17.2013 | World
Ambassador Gianna Angelopoulos

Greece is the birthplace of democracy, philosophy, and the international communal spirit embodied by the Olympic Games. But today all three of those ideals are under threat.

Debt Forgiveness Is Inevitable and Will Save the Euro

Elena Panaritis | Posted 02.05.2013 | World
Elena Panaritis

Austerity has made it difficult for Greece to meet its fiscal targets, as well as its structural reforms. This is why anything short of debt forgiveness and more bailout funds is only a way for Europe to buy a little bit of time but at a huge price.

You Won't See These At Greek Hospitals

Reuters | Posted 02.03.2013 | Business

* Supplies of gloves and gowns threatened by budget cuts * EU officials fear rising rates of superbug infections * Greek...

The Politics of Fear

George Papandreou | Posted 01.29.2013 | World
George Papandreou

My recent experience in dealing with the financial crisis in Greece and in Europe has confirmed my belief that this is a political crisis more than a financial one. In trying to confront its fiscal deficit, Europe has run up a democratic deficit.

Restoring Our American Dream

Michael Farr | Posted 11.28.2012 | Business
Michael Farr

Elections are over, politicians continue to bicker, and Greece insists on furthering their already impressive implosion. Thanksgiving may help if it can bring to mind those seminal American values that are the foundation and bedrock of our country.

Ricardo Caballero: "Greece Is in Rehab"

Vaios Papanagnou | Posted 01.28.2013 | World
Vaios Papanagnou

"This was clear from the beginning, and it remains clear. It is up to Greece and its Europeans partners to decide how to structure and spread over time this default."

The Hemlock Debt of Greece

Evaggelos Vallianatos | Posted 01.28.2013 | World
Evaggelos Vallianatos

How is Greece going to repay its debt when troika policies are shutting down the Greek economy? Forcing the Greek government to increase taxation and impose additional austerity cuts constitute nothing short of poisoning the social contract in the country.

For a Revival of Philhellenism

Bernard-Henri Lévy | Posted 11.27.2012 | World
Bernard-Henri Lévy

What if, as is incessantly threatened, Greece ultimately ends up pulling out of Europe? Everyone can always get out of everything, naturally. The Greeks themselves, blinded by bad shepherds or by their own populist passion, can decide to take this headlong escape.

The Money Is Gone, the War Is Over

The European Magazine | Posted 01.26.2013 | World
The European Magazine

Who cares about why and how Greece entered the eurozone? Who cares about state accountants tip-tapping on Excel fifteen years ago? Does this discussion make tomorrow's solutions more likely?