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Greece Debt Crisis

How a Grexit and Brexit Would Unravel Europe

Joschka Fischer | Posted 06.01.2015 | World
Joschka Fischer

BERLIN -- The combination of Grexit and Brexit, and its consequences not just for the stability of the eurozone, but for the continued existence of the EU, is probably the greatest danger that Europe has faced since the Cold War's end.

The Greek Crisis Needs Mediation Now, Not More Confrontation

Nicos E. Devletoglou | Posted 05.26.2015 | World
Nicos E. Devletoglou

Greece needs an honest break to get ahead: by completing ex post all known far-reaching structural reforms required to help transform its economy -- languishing in disarray for too long -- into an engine of progress.

Austerity Is the Only Deal-Breaker

Yanis Varoufakis | Posted 05.26.2015 | World
Yanis Varoufakis

ATHENS -- Our government cannot -- and will not -- accept a cure that has proven itself over five long years to be worse than the disease.

Greece Says It Hasn't Got The Money To Make Debt Repayment Next Month

Reuters | George Georgiopoulos and Kylie MacLellan | Posted 05.24.2015 | World

ATHENS/LONDON, May 24 (Reuters) - Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal wit...

HuffPost Editors Go Head-To-Head Over Greece's Debt Crisis

The Huffington Post | Kira Brekke | Posted 05.10.2015 | World

As Greece continues to struggle with debt repayments to its international creditors, there is much discussion in Europe about the ...

Greece's Syriza and the Question of the European Union's Political Will: Is a Compromise Agreement Enough to Keep the EU From "Dis-integrating?"

John Sydney Hopkins | Posted 05.07.2015 | World
John Sydney Hopkins

With Greece again appearing to be edging towards the brink of a "Grexit," financial markets are sensitive to daily headline news about EU negotiations, and what a potential default would mean now for Greece and EU integration policy.

Greece Makes IMF Payment But Another, Bigger One Looms

AP | ELENA BECATOROS and RAF CASERT | Posted 05.06.2015 | World

ATHENS, Greece (AP) — Cash-strapped Greece scraped together a 200 million-euro ($222 million) repayment to the International Monetary Fund on Wednes...

How Tsipras Squandered Greece's Opportunity

Joschka Fischer | Posted 06.30.2015 | World
Joschka Fischer

BERLIN -- Tsipras squandered Greece's opportunity, because he and other Syriza leaders were unable to see beyond the horizon of their party's origins in radical opposition activism. They did not understand the difference between campaigning and governing. Realpolitik, in their view, was a sellout. Of course, it is precisely the acceptance of necessity that marks the difference between government and opposition.

This Is the Way out of the Greek Debt Crisis

Yanis Varoufakis | Posted 06.27.2015 | World
Yanis Varoufakis

ATHENS -- The current disagreements with our partners are not unbridgeable. Our government is eager to rationalize the pension system (for example, by limiting early retirement), proceed with partial privatization of public assets, address the non-performing loans that are clogging the economy's credit circuits, create a fully independent tax commission and boost entrepreneurship. The differences that remain concern how we understand the relationships between the various reforms and the macro environment.

Savvas Xiros and the Greek-American Relations

John Brady Kiesling | Posted 06.24.2015 | World
John Brady Kiesling

The important point to remember is that the United States cares far more about the health of the European Union and the global financial system than it does about Greece. If the Tsipras government continues to seem aggressively ambivalent about its desire for rescue within that system, the U.S. government will watch from the sidelines as it sinks.

Finance Officials: Threats To Global Economy On The Horizon

AP | MARTIN CRUTSINGER and HARRY DUNPHY | Posted 06.18.2015 | Business

WASHINGTON (AP) — World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the...

Greece or Europe on Trial in Latvia

Nicos E. Devletoglou | Posted 06.17.2015 | World
Nicos E. Devletoglou

More pragmatism including further professional advice in goodwill should hopefully produce a better state of mind all around at the Eurogroup's forthcoming gathering in Riga, Latvia, on 24 April.

Ryan Grim

Greek Finance Minister Hints At Debt Default

HuffingtonPost.com | Ryan Grim | Posted 04.16.2015 | Politics

WASHINGTON -- If hard-line backers of austerity in Europe don't budge, Greece will have no choice but to default on its upcoming debt payments, Greek ...

Why Reform Will Fail in Greece

Theodoros Arapis | Posted 06.14.2015 | World
Theodoros Arapis

Five years into Greece's fiscal emergency, the Troika is justifiably skeptical about this week's make-or-break negotiations with Athens. Its leaders have heard these commitments before. For Syriza, this will be its most important test.

Collateral Financial and Economic Damage Debased

Nicos E. Devletoglou | Posted 06.07.2015 | World
Nicos E. Devletoglou

The mind boggles. Because no one seems willing to appreciate, whether in Berlin, Brussels or Athens, that the situation could easily be normalized at this stage if the Greek sovereign debt were accordingly adjusted in real terms to compensate for such "unintended" damage.

Greece To Make IMF Loan Payment

Reuters | Posted 04.05.2015 | World

WASHINGTON, April 5 (Reuters) - Greek Finance Minister Yanis Varoufakis said on Sunday that Greece "intends to meet all obligations to all its credito...

Help Greece, but Forget About Reparations From Germany

Alexander Görlach | Posted 05.23.2015 | World
Alexander Görlach

BERLIN -- Germany bears responsibility for Greece. But that has nothing to do with World War II.

Ownership of the Issue in the Age of the Middle Finger

Cherno Jobatey | Posted 05.23.2015 | World
Cherno Jobatey

The Greek Finance Minister and "the finger"... Who should you believe? German public television ARD? Their famous Host Günther Jauch? Bild newspaper? Or is it all just a big fake, as Varoufakis himself claims?

Greek Debt: Do the Right Thing

Dimitri B. Papadimitriou | Posted 05.18.2015 | World
Dimitri B. Papadimitriou

In Greece, any meaningful change in debt terms needs to be part of a wider plan that deals with the underlying structural imbalances of the eurozone, just as a comprehensive plan was necessary for post-World War II European prosperity.

Greece Rejects 'Blackmail' As Cash Runs Low

Reuters | Posted 05.17.2015 | World

* Greece could run out of cash within weeks * New Greek government has annoyed EU partners * Tsipras to visit Berlin nex...

Invisible Invasion of Greece

Evaggelos Vallianatos | Posted 05.13.2015 | Politics
Evaggelos Vallianatos

I would hope civilized people everywhere rise in support of Greece. This is, after all, the mother of science and civilization. Europe and America need to abandon their narrow dollar vision. Help Greece to recover. And, above all, tell the Turks to end their offensive behavior towards Greece.

My 'Disruptive' Footnote

Nicos E. Devletoglou | Posted 05.16.2015 | World
Nicos E. Devletoglou

Why should hundreds of millions of innocent people in Europe -- and more particularly the Greek people who have been devastated by this policy so far -- be bearing alone the cost of the damage caused almost entirely by German intransigence and diktat?

Europe's Woes and the World's Poor

Marcelo Giugale | Posted 04.29.2015 | World
Marcelo Giugale

What does the sudden appreciation of the Swiss franc mean for the Eurozone? Will Russia's financial distress spill over to its neighbors? How those questions are answered will affect some of the world's richest countries -- the likes of France, Germany, and Italy. Usually ignored, it will also affect some of the poorest.

Greek Innovation in a Time of Crisis

Marisa Churchill | Posted 04.26.2015 | World
Marisa Churchill

While the Greek economy is in the doldrums, many new startups have emerged within Greece; as the people look for ways to take their future back into their own hands.

Eurozone Ministers Approve Greek Reform To Extend Bailout

AP | Posted 04.26.2015 | World

BRUSSELS (AP) — Greece's creditors in the 19-country eurozone on Tuesday approved a list of reforms Athens proposed to get a 4-month extension to it...