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Greece Debt Crisis

Germany's Merkel To Face Down Party Rebels In Greek Bailout Vote

Reuters | Charlotte Alfred | Posted 08.15.2015 | Home

BERLIN, Aug 15 (Reuters) - In a major test of her authority, Chancellor Angela Merkel will ask skeptical German lawmakers to back an 86 billion euro (...

Greece's Ruling Syriza Party Edges Towards A Split

Reuters | Nick Robins-Early | Posted 01.03.2017 | Home

ATHENS, Aug 13 (Reuters) - Greek Prime Minister Alexis Tsipras's Syriza party looked set to split after the leader of its far-left faction called on T...

26 Crazy Ideas To Help Greece

Nicole Neroulias Gupte | Posted 08.12.2016 | Impact
Nicole Neroulias Gupte

Have some empathy for the struggling families that inevitably bear the brunt of economic disasters, despite the bankers and lawmakers who continue to encourage and profit from irresponsible behavior.

Greece And Creditors In Final Push For Bailout

Reuters | Nick Robins-Early | Posted 01.03.2017 | Home

ATHENS, Aug 10 (Reuters) - Greece and international creditors sought to put final touches to a multi-billion euro bailout accord on Monday to keep the...

Greece Hopes To Conclude Bailout Talks This Week

Reuters | Nick Robins-Early | Posted 01.03.2017 | Home

ATHENS, Aug 9 (Reuters) - Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as ...

Weekend Roundup: Singapore at 50 Shows Why Governance Matters

Nathan Gardels | Posted 08.07.2016 | Home
Nathan Gardels

While many countries in what used to be called the Third World remain stuck in the same poverty and ethnic strife that characterized them in the immediate post-colonial era, Singapore stands out for its rapid rise to prosperity and peaceful embrace of diversity. From the day it became independent on August 9, 1965 to 2014, Singapore's GDP per capita has soared an astonishing 3700 percent. Above all, Singapore's lesson for the world is that governance matters. (continued)

The Latest From Athens

David C. Wittig | Posted 08.04.2016 | Home
David C. Wittig

It is impossible for Greek businesses to get credit outside of Greece. The amount of money that may leave the country to buy essential goods and services is severely limited. It will be no surprise when GDP shrinks in the third quarter and when unemployment spikes.

From Greek to Euro Crisis: How German Ideology Is Destroying Europe's Future

Jakob von Uexkull | Posted 08.03.2016 | Home
Jakob von Uexkull

The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.

Tsipras and Hamlet

Elias Kulukundis | Posted 08.03.2016 | Home
Elias Kulukundis

Tsipras now talks of a party-wide referendum on the Eurozone's demands which may be a prelude to elections in September. We will see what the results will be, but it appears that whatever the pulse of the public may be at any given time, the long-range judgment of history should be hard on the Prime Minister.

Greek Stocks Plummet After Five-Week Shutdown

Reuters | Nick Robins-Early | Posted 01.03.2017 | Home

ATHENS, Aug 3 (Reuters) - Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears the country was abou...

Weekend Roundup: Turkey Enters the Syrian Quagmire to Fight ISIS -- And the Kurds

Nathan Gardels | Posted 07.31.2016 | Home
Nathan Gardels

The Syrian quagmire, in which both the Islamic State and the Kurds have been fighting for territory, has now sucked in Turkey. Last week's ISIS attack on Turkish soil, Kurdish gains along the Syrian border and the surprise advance of the secular and liberal pro-Kurdish People's Democratic Party in recent elections -- which clipped the parliamentary majority of President Erdoğan's neo-Islamist ruling party -- have conjoined into an explosive state of affairs. To boot, NATO, which is obliged to defend a member state under siege, has now been drawn into a three-way fray in which Turkey is lashing out at both the Kurdish resistance and ISIS. Writing from Istanbul, Behlül Özkan ominously foresees "Armageddon" descending on the region. Mustafa Akyol, also writing from the shores of the Bosphorus, argues that Erdoğan's assault on the Kurds in tandem with ISIS is aimed at bolstering his nationalist credentials at home in order to block the HDP, which stands in the way of his autocratic vision. (continued)

Puerto Rico's Symbolic Power

Maritza Stanchich, Ph.D. | Posted 07.31.2016 | Politics
Maritza Stanchich, Ph.D.

Given Puerto Rico's heightened media visibility, no doubt the world now has its eyes on how the United States will respond to the needs of the island, one of the last colonies in the world.

Greece's Current High-Wire Act

Evangelos Venizelos | Posted 07.31.2016 | Home
Evangelos Venizelos

SYRIZA, which holds the government and first party of this House, must finally say, as soon as is it possible, what its clear and definitive position is as to the identity and future of the country.

The Dangers of Political Moralizing

Paul W. Kahn | Posted 07.30.2016 | Politics
Paul W. Kahn

To ask the left to give up its moralizing rhetoric is to ask a lot, for there is genuine anger about the victims of today's neoliberal order. But a politics driven by morality will look like the Occupy Movement here and Syriza in Greece. Both tried to make politics into a moral battle of good and evil; both lost the moral battles they brought on.

Wars of Attrition

Kostas Kostis | Posted 07.30.2016 | Home
Kostas Kostis

The circumstances we have experienced in these past several years in Greece are not unprecedented. We can find such situations in many other countries as well, and as examples I could quickly mention the former socialist countries, Europe's periphery countries, and countries in Latin America and Northeast Asia.

Greece's Trump Card - NATO ?

Elena Ulansky | Posted 07.29.2016 | Home
Elena Ulansky

The headlines on the talks between Brussels and Athens on the 86 billion euro bailout of Greece seem to indicate nothing but problems. It appears that even before talks can begin, Greece is being asked to enact further laws.

Solarizing Greece Is a Way Out of the Crisis

Kumi Naidoo | Posted 07.30.2016 | Green
Kumi Naidoo

With energy poverty emerging as one of the most dramatic symptoms of the recession -- six out of every 10 households are struggling to pay their energy bills -- it is high time that Greece seized upon its greatest and still largely unexploited asset: the Sun.

Greece's Prime Minister Tries To Quell Party Rebellion

Reuters | Nick Robins-Early | Posted 01.03.2017 | Home

Greece's ruling Syriza movement backed a call on Thursday from Prime Minister Alexis Tsipras to hold an emergency party congress as he seeks to assert...

Greece's Tspiras Says Won't Go Beyond Agreed Reforms

Reuters | Charlotte Alfred | Posted 01.04.2017 | Home

Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not imp...

War Of Nerves Marks Newest Round Of Greek Debt Talks

Reuters | Eline Gordts | Posted 01.15.2017 | Home

ATHENS/BRUSSELS, July 28 (Reuters) - Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting th...

Varoufakis Had Secret Plans For A Parallel Greek Payment System

The Huffington Post | Nick Robins-Early | Posted 01.03.2017 | Home

Greece's debt saga took an unexpected turn on Sunday, when Greek media reported that former finance minister Yanis Varoufakis had surreptitiously made...

Germany Wants A Strong Greece

Peter Wittig | Posted 07.25.2016 | Home
Peter Wittig

There has been a lot of talk about who has won and who has lost in the recent negotiations on the Greek debt crisis, about who is strong and who is weak in Europe, who is cruel to whom and who has dictated what. This whole discussion, in my mind, misses the point. Europe, especially Germany, wants a strong Greece.

Greek Bailout Talks Delayed Once Again, Official Says

Reuters | Nick Robins-Early | Posted 07.25.2015 | Home

ATHENS, July 25 (Reuters) - Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days becaus...

Weekend Roundup: Politics Is the Art of the Possible

Kathleen Miles | Posted 07.24.2016 | Home
Kathleen Miles

In 1867, then Prime Minister of Prussia Otto von Bismarck (who, with parallels today, maintained German hegemony over Europe) famously said that politics is the art of the possible. If you don't have to deal with a political opponent, you can dream up the perfect policy. But when you have an opponent, you have to set aside the dream and consider the political possibilities. This week, from Iran to Greece to Cuba, the world both celebrated and protested the politically possible. (continued)

A Death in Brussels

Michael Brenner | Posted 07.23.2016 | Home
Michael Brenner

Let's tell it straight: "Europe" committed suicide last weekend in Brussels. It was an assisted suicide. The IMF wrote the original story line and set the scene; the European Central Bank provided the revolver and ammunition; while Germany unrelentingly urged that the suicide was a necessary act of moral redemption that was imperative to save the EU from eternal damnation.