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Greece Debt Crisis

Greek Bailout Talks Delayed Once Again, Official Says

Reuters | Nick Robins-Early | Posted 07.25.2015 | World

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

Weekend Roundup: Politics Is the Art of the Possible

Kathleen Miles | Posted 07.24.2015 | World
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 07.23.2015 | World
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.

Provoking the Past in the Greek Referendum

American Anthropological Association | Posted 07.23.2015 | World
American Anthropological Association

In ATM queues up and down the country it became particularly striking how people discussed their fears and aspirations for the future through extensive reference to poignant pasts.

The Financial Crisis in Greece: A Spiritual Crisis in Disguise and an Urgent Call for Change

Maria Benardis | Posted 07.22.2015 | Business
Maria Benardis

Despite the financial crisis in Greece, there are many aspects of Greece that are not in crisis such as the beauty of its environment, food, history, culture and the hospitality of its people.

Greek Bailout Vote To Test Syriza Party Rebellion

AP | Charlotte Alfred | Posted 07.23.2015 | World

ATHENS, Greece (AP) -- Greek lawmakers launched a late-night debate Wednesday on further reforms demanded by international creditors in retu...

How Bad Was The Run On Greek Banks?

HuffPost Greece | Charlotte Alfred | Posted 07.21.2015 | World

The amount of money withdrawn from Greek banks last month was unprecedented, according to Greece's central bank. The Bank of Greece said Monday that ...

The Privatization Plan for Greece Should Be a Stigma on Europe's Conscience

Yanis Varoufakis | Posted 07.21.2015 | World
Yanis Varoufakis

ATHENS -- The plan is politically toxic because the fund, though domiciled in Greece, will effectively be managed by the troika. It did not have to be this way. At a turning point in European history, our innovative alternative was thrown into the dustbin.

Economists Troll Germany, Telling It To Leave The Euro First

The Huffington Post | Daniel Marans | Posted 07.20.2015 | Business

The possibility of a “Grexit” -- or Greek exit from the eurozone -- has dominated headlines in recent months, as round-the-clock negotiat...

Merkel Rules Out Greek Debt Write-Off, But Open To Other Relief

AP | Charlotte Alfred | Posted 07.19.2015 | World

BERLIN (AP) -- Chancellor Angela Merkel on Sunday suggested that Germany would show flexibility in negotiating how Greece deals with its massive debt...

Greece Orders Banks To Re-Open Monday

Reuters | Charlotte Alfred | Posted 07.18.2015 | World

ATHENS, July 18 (Reuters) - The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collaps...

Weekend Roundup: A German Europe and a New Middle East

Nathan Gardels | Posted 07.19.2015 | World
Nathan Gardels

This week the geopolitical balance changed decisively. As Margaret Thatcher warned long ago, a German Europe, not a Europeanized Germany, would one day be the dominant reality on the continent. The tough terms of the latest Greek bailout and the relegation of France to a junior partner in those negotiations confirm her prescience. As Iranian philosopher Ramin Jahanbegloo writes in response to this week's historic nuclear deal and opening with Iran, "from now on Iran will be a full partner in the big game in the Middle East and the world," including through "intensified sectarian proxy wars" in the region. (continued)

What If Germany And Greece Switched Places?

Sebastian Christ | Posted 07.17.2015 | World
Sebastian Christ

Germany in 2015 is a nation full of self-righteousness. The Greek crisis has produced in the country an unpleasant strain of chauvinism vis-à-vis other nations, rooted in the belief in our own exemplarity: We work harder. We're more successful. We're more frugal.

How Goldman Sachs Profited from the Greek Debt Crisis

Robert Reich | Posted 07.17.2015 | Business
Robert Reich

The Greek debt crisis offers another illustration of Wall Street's powers of persuasion and predation, although the Street is missing from most accounts. The crisis was exacerbated years ago by a deal with Goldman Sachs, engineered by Goldman's current CEO, Lloyd Blankfein.

Week to Week News Quiz for 7/17/15

John Zipperer | Posted 07.17.2015 | San Francisco
John Zipperer

Put away your drachmas and plane tickets to Tehran, and take our latest Week to Week news quiz to see how much you know about the week's big events. ...

Thankfully, We Voted 'No'!

Pavlos Tsimas | Posted 07.17.2015 | World
Pavlos Tsimas

Now that a cycle has run its course and it feels like a whole century has passed since the Sunday of the referendum, I dare ask the sacrilegious question: What would have possibly happened had we voted "YES"?

Banks To Reopen After Greece Agrees To Steep Austerity Cuts

Associated Press | Kelly Chen | Posted 07.16.2015 | World

ATHENS, Greece (AP) — Greece on Thursday won vital pledges of support from bailout lenders needed to keep its economy from collapsing, but offi...

To Rescue Greece, Invest in Skills and Small Business

Sabina Dewan | Posted 07.16.2015 | World
Sabina Dewan

If Greece's creditors seek to help the country eventually stand on its own two feet, it should provide the debt relief that could make Greek products more competitive internationally. Supporting businesses is one side of the equation. The other part is investing in human capital.

Soulless Economics

Robert Koehler | Posted 07.16.2015 | Politics
Robert Koehler

An allegedly impersonal economic structure, which quietly benefits the infinitesimally few who have far more than they need, is no foundation for our future.

Europe Has Passed a Historic Test

Sigmar Gabriel | Posted 07.16.2015 | World
Sigmar Gabriel

One thing is more important than anything else: Europe has passed a historical litmus test and has gotten back together again. In this we may find joy and the courage for later decisions.

What Was the Greek Finance Minister Trying To Do and Did He Do It?

Elias Kulukundis | Posted 07.16.2015 | World
Elias Kulukundis

Greece's lack of status was an impediment to negotiations, but given Germany's immediately hostile stance, there may have been no other option available to Syriza than to behave like an outsider.

Who's Afraid of Greek Growth?

Dimitris Thomakos | Posted 07.16.2015 | World
Dimitris Thomakos

With a view geared towards only debt repayments, additional taxes have been levied to the battered Greek economy and even more are coming. Which raises the question: Who's afraid of Greek growth?

Europe Moves To Restore Funding To Greece After Bailout Vote

Reuters | Charlotte Alfred | Posted 07.16.2015 | World

ATHENS, July 16 (Reuters) - Europe moved to re-open funding to Greece's stricken economy on Thursday after the parliament in Athens approved...

Greece Is in a Literal State of Unrest, and the Future Looks Bleak

Van Winkle's | Posted 07.15.2015 | World
Van Winkle's

When an economy tanks, the public panics about general instability and possible layoffs. People who report feeling insecure about their job prospects, research has shown, also report worse psychological well-being.

Greece: Here is Why #ThisIsNotACoup

Andreas Souvaliotis | Posted 07.14.2015 | World
Andreas Souvaliotis

Greece didn't get into this trouble because its European partners took advantage of it. It went bankrupt because, after more than a generation as a member of a rules-driven, respect-based economic community, it never figured out how to play fair, fit in and build real value.