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Greece Debt Crisis

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.

Is Another Euro Crisis at Hand?

Ivan Eland | Posted 03.07.2015 | World
Ivan Eland

If you have any spare cash laying around and need of a vacation, Chevy Chase would probably recommend that you go to Europe. The euro currency has dipped to a nine-year low against the dollar. That is good for tourists going to Europe, but is not good for European economic prospects in the long term. Why?

On the Road to Recovery

Muhtar Kent | Posted 01.20.2015 | Media
Muhtar Kent

To be sure, too many Greeks are still out of work. Too many communities, families and individuals are still just getting by after being pulled and stretched by the difficulties of recent years.But there are unmistakable signs that a brighter future is beginning to dawn.

Are EU Bankers Trying To Increase Unemployment In Greece?

Dimitri B. Papadimitriou | Posted 10.21.2014 | World
Dimitri B. Papadimitriou

An international dialogue should begin now. It might open with an invitation to the Troika: Explain why Greece should not start a jobs guarantee policy today.

A Commentary on Greece's Economic Outlook

Evangelos A. Calamitsis | Posted 04.23.2014 | Politics
Evangelos A. Calamitsis

Greece needs to put an end to fiscal austerity and abandon the current reform program supported by its euro area partners and the International Monetary Fund (IMF).

Athens in 1 Day, 2 Locals and 6 Questions

Katherine LaGrave | Posted 03.15.2014 | World
Katherine LaGrave

Greece has been a country hit hard by austerity measures, and no city more prominently than Athens. Curious to see how residents in the capital viewed these issues, I walked the streets of Athens and spoke to two locals -- same day and same questions.

A Greek Christmas Carol

Maria Paravantes | Posted 02.24.2014 | World
Maria Paravantes

Suddenly, hard-working Greeks in their late 30s and mid-40s have no money to turn on the heat, to buy gifts for their children and loved ones, to fill the tank with gas, to fill the fridge with food, to invite friends for dinner, to go out and enjoy a drink in fine company.

Weidmann at Harvard: The Sovereign-Banking Nexus

Luka Orešković | Posted 02.05.2014 | Business
Luka Orešković

Weidmann's "separatist" view clearly stems from the German concept of highly independent central banking, assuring price stability rather than trying to target other problems and ensure macroeconomic stability.

Time to Give Greece a Chance

Sabby Mionis | Posted 02.02.2014 | World
Sabby Mionis

Greece seems to be achieving the impossible. Almost a year after in found itself at the bottom of the barrel, the government has achieved a primary budget surplus by embarking on unprecedented budget cuts and imposition of taxes.

Kickstart the Greek Economy

Emmett Rensin | Posted 10.13.2013 | Comedy
Emmett Rensin

Note: This is part two of a series of middle-brow Kickstarter jokes. Part one can be found here Years of economic disaster, revolution in the st...

Trust and Money

Ricardo B. Salinas | Posted 01.23.2014 | Business
Ricardo B. Salinas

Despite some recent apparent signs of improvement, in the past two years we've had very negative economic news from Europe, particularly from countries such as Spain, Ireland, Greece, Cyprus, Italy, and Portugal. High unemployment, failed banks, fiscal insolvency, and a growing distrust of markets are just a few of the difficulties.