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Greece Debt Crisis

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 ...

Greece Denied Loans, For Now

AP | GABRIELE STEINHAUSER | Posted 08.19.2011 | Business

LUXEMBOURG — Hours of talks between eurozone finance ministers on the imploding finances of Greece broke up early Monday morning without the min...

Jerry Brown's Radical Proposal That Voters Make Choices and Accept Consequences

David Paul | Posted 08.19.2011 | Politics
David Paul

The Golden State has now endured literally decades of budgetary trials and gimmickry, but for all the rhetoric about decline and bankruptcy, California's problems are political, not economic.

Greek Debt, And Coming To Terms With Reality

Bevis Longstreth | Posted 08.19.2011 | Business
Bevis Longstreth

Despite heroic efforts by the ECB and IMF, it remains highly unlikely that Greece can achieve the necessary reforms without the Greek people becoming convinced that those reforms will work and be worth the pain that individuals would have to endure to achieve them.

Greece Wracked By Political Turmoil In Debt Crisis

AP | NICHOLAS PAPHITIS | Posted 08.16.2011 | World

ATHENS, Greece — Greece was wracked by political turmoil Thursday as the embattled prime minister faced down a party revolt over new austerity m...

Bonnie Kavoussi

As Greek Default Becomes Increasingly Likely, Investors Flee to Safer Investments

HuffingtonPost.com | Bonnie Kavoussi | Posted 08.16.2011 | Business

Stock prices around the world have fallen sharply in response to the growing likelihood that the Greek government could default on its debt and plunge...

Greece: Why We Are Angry and Desperate

Vaios Papanagnou | Posted 08.01.2011 | World
Vaios Papanagnou

As a journalist I feel that the Greek crisis is no longer an issue to be exhausted in the financial pages, and the detached reporting of the rise in unemployment, deflation, weekly demonstrations and marches.

Euro Endgame

Janet Tavakoli | Posted 08.01.2011 | Business
Janet Tavakoli

The European Central Bank is acting as if it can dictate terms to Greece, but Greece is a sovereign country. As U.S. banks found out, when someone owes you money and they can't pay it back, you are in as much trouble -- sometimes more -- as they are.

Greece Missed Fiscal Targets Under Bailout

Posted 07.29.2011 | Business

(Reuters) - Greece has missed all fiscal targets agreed under its bailout plan, a mission from an international inspection team found, putting fur...

Beware Greeks Bearing Banks

Robert Kuttner | Posted 07.22.2011 | Business
Robert Kuttner

After every financial debacle or war, there is a huge political struggle over whether creditors get to stand in the way of an economic recovery. Greece is the poster child for this dilemma, and the Greek story reveals the real villain of the piece.

Greek PM Rules Out Debt Restructuring

Reuters | Harry Papachristou | Posted 07.21.2011 | World

ATHENS (Reuters) - Greece must avoid debt restructuring and push on with budget cuts and privatisations to overcome its debt crisis, the country's...

DSK and the Greek Myth of "Reprofiling"

James Berman | Posted 07.18.2011 | Business
James Berman

With IMF leader Dominique Strauss-Kahn under arrest for sexual assault, many have predicted the Euro's demise. After all, DSK is a founding father of the common currency and the architect of bailouts that have propped up the euro zone.

Dominique Strauss Kahn Arraigned: The European and Global Impact

Georges Ugeux | Posted 07.16.2011 | Business
Georges Ugeux

The recent events surrounding Dominique Strauss Kahn are a tragedy and will have a major impact at many levels. From my perspective, I see several levels of consequences:

Greek Protesters Riot Over Financial Crisis

Washington Post | Anthony Faiola | Posted 07.14.2011 | World

Already struggling to avoid a debt default that could seal Greece's fate as a financial pariah, this Mediterranean nation is also scrambling to contai...

EU Offers A Big Break To Greece And Ireland

Posted 07.09.2011 | Business

BRUSSELS/ATHENS (By By John O'Donnell and Ingrid Melander) - The European Union is looking to lower interest rates on bailout loans to Greece an...

Report: California's Economy 'More Diverse And Resilient' Than That Of Greece

AP | By JUDY LIN | Posted 07.03.2011 | Los Angeles

SACRAMENTO, Calif. -- California and Greece might share enviable weather and postcard-worthy beaches, but their fiscal problems aren't the same. That...

Papandreou's Leadership in Greece Under the Riots' Pressure

Thanos Dimadis | Posted 05.25.2011 | World
Thanos Dimadis

Images of enraged protesters will become a more usual phenomenon in Greece. And that's not only because only of increasing uncertainty. The social clashes have their roots in a lack of leadership.

Greek Crisis Is Burdened by Lack of Political Consent

Thanos Dimadis | Posted 05.25.2011 | World
Thanos Dimadis

If the Greek Prime Minister and the head of the opposition party take steps towards the establishment of a new era of less partisan polarization, Greece would have much more to gain than to lose.

Will Papandreou Rescue Greek People From Social Bankruptcy?

Thanos Dimadis | Posted 05.25.2011 | Politics
Thanos Dimadis

What's now important for the Greek government is to provide people with evidence that their sacrifices are not in vain. And, furthermore, that people are paying for the crisis equally.

Angela Merkel: The Euro Will Survive

AP | JUERGEN BAETZ and MELISSA EDDY | Posted 05.25.2011 | Business

BERLIN — The 16-nation euro currency will survive the debt crisis, German Chancellor Angela Merkel vowed Thursday, and a senior central banker s...