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Greece Debt Crisis

Ex-Greek Finance Minister: Cuts 'Almost Impossible'

AP | Posted 09.16.2012 | Business

ATHENS, Greece (AP) — The head of a party in Greece's new coalition government on Tuesday said the country's recession made it "almost impossible" f...

Greece's Record Joblessness 'May Not Have Reached Its Peak Yet'

Reuters | Posted 09.11.2012 | Business

* Unemployment hits record of 22.5 pct * More half of young Greeks out of a job * Tourism to provide only temporary reli...

Public Debt in France and Europe

Salim Lamrani | Posted 09.10.2012 | World
Salim Lamrani

All European countries find themselves confronted with debt problems that impact sustainable public finances. The crisis has not spared France, the world's fifth largest economic power, something that makes private banks quite happy.

Greek PM: 'We Want To Fight The Recession'

Reuters | Posted 09.05.2012 | Business

* Greek PM Samaras says want to renegotiate bailout policies * Says that does not mean to change fiscal targets but more time needed ...

Greece To Use 'Alarming' Data In Bid To Renegotiate Bailout

AP | DEREK GATOPOULOS | Posted 09.02.2012 | Business

ATHENS, Greece (AP) — Greece's new government will present "alarming" data on its recession and unemployment to international debt inspectors this w...

Microsoft Attack Puts Spotlight On Greek Tensions

Reuters | Posted 08.27.2012 | World

By Harry Papachristou ATHENS, June 27 (Reuters) - Gunmen driving a van packed with gas canisters firebombed the Athens headquarters of...

Austerity Policy Has Pushed Europe to the Brink

Curtis Roosevelt | Posted 08.26.2012 | Business
Curtis Roosevelt

The continual gatherings of heads of state, such as the one just concluded in Rome of Germany, France, Greece and Italy, reassure us that the euro will be saved. But the means to do so seem to be as elusive as ever.

Why Concessions, Contagion & Collapse Are Still in the Cards in Europe

Gemma Godfrey | Posted 08.25.2012 | Business
Gemma Godfrey

Greece continues to gamble with its eurozone membership with the misguided belief that it can soften demands for austerity, without threatening its bailout. Instead, it is the lack of a sufficient firewall, rather than a commitment to Greece remaining within the e

Greek Finance Minister Resigns

AP | ELENA BECATOROS | Posted 08.25.2012 | World

ATHENS, Greece — The banker who was chosen to be Greece's next finance minister resigned for health reasons Monday three days after he was rushe...

Greece Needs to Chart a Different Course

Mohamed A. El-Erian | Posted 08.24.2012 | World
Mohamed A. El-Erian

Greece's political leaders still don't seem to get it, and neither do its official creditors. The longer this problem persists, the greater the challenge of turning around a country already beset by recession, insolvency, distressingly high unemployment and rising poverty.

Greece: 'No More Taxes'

Reuters | Posted 08.23.2012 | Business

* Plans to ease austerity, rewrite bailout terms * Faces first test at June 28/29 EU summit By Lefteris Papadimas ...

Ireland Is Not Greece and Greece Is Not Ireland as European Crisis Rumbles On

Emmet Oliver | Posted 08.22.2012 | Business
Emmet Oliver

Americans must wonder how a faltering economy in Greece (population: approximately 11 million) can cause a rupture in the entire economic foundation of the eurozone, which is supported by a population of 332 million. Don't worry, we all ask ourselves this question from time to time.

How the European Debt Crisis Helped me Part From My Son for a Little

Dafna Maor | Posted 08.21.2012 | Parents
Dafna Maor

I checked my email for the last time and found out that my editor wanted me to go to Greece to cover the elections there. The last time I left my son for more than a day was when he was 3 1/2.

The Day That Greece Rescued Europe

Montserrat Domínguez | Posted 08.19.2012 | World
Montserrat Domínguez

The Greeks have deactivated the switch that threatened to blow Europe sky high. Antonis Samaras's New Democracy party victory in Greece does not in and of itself solve Athens' problems, nor those plaguing the rest of Europe's capitals. The boxer is still on the ropes, but the bell has been rung, ending the round; and that gives Europe time to recover, though it will have to keep fighting. In addition this week, if seen as part and parcel to what happened in Greece, the result of France's legislative elections and the majority that President Hollande now boasts both act as a serious warning to Angela Merkel in Germany. The message is clear: we are willing to go forward, but the pernicious austerity strategy that is pushing us into the abyss must be reconsidered.

Expect Little Change in Greece

Daniel Wagner | Posted 08.18.2012 | World
Daniel Wagner

It will surely be a torrid summer of uncertainty and speculation. With Spain receiving bailout funds and Cyprus and Italy next in line, the question of whether the avoidance of a Greek exit was even relevant in the longer term has yet to be determined.

After Close Election, Fear Of 'Social Explosion' In Greece

Reuters | Posted 08.18.2012 | Business

By Michael Stott ATHENS, June 18 (Reuters) - Pro-bailout party New Democracy may have come first in Sunday's Greek election but the ra...

Fresh Off Greek Vote, Euro Reaches One-Month High

Reuters | Posted 08.17.2012 | Business

* Euro makes gains on dollar and yen on vote relief * Greek results suggest pro-euro parties holding slim majority * Ri...

Three Big Questions for the Greek Elections

Mohamed A. El-Erian | Posted 08.16.2012 | Business
Mohamed A. El-Erian

Whichever way you look at it, Sunday's election in Greece entails major uncertainties. What is clear is that, by itself, the outcome is very unlikely to immediately end turmoil and uncertainty. Indeed, even a simplified analysis entails many permutations and combinations.

EURO PEONS

Miller Hudson | Posted 08.15.2012 | Denver
Miller Hudson

Presuming a uniformity of social circumstances and economic opportunity when they do not exist, and cannot be enforced, inevitably leads to peonage for some and riches for others.

Who's Who? Greek Political Parties Explained

Posted 06.15.2012 | World

The first round of elections on May 6 and the subsequent failure to form a coalition government threw Greece into political turmoil. This Sunday, June...

Who Wins if Greece Exits?

Chris Brummer | Posted 08.15.2012 | Business
Chris Brummer

Politicians and investors should recognize that in the face of a Greek exit, cash and safety will be king. Those who can offer one or the other (or both) will be able to at least partially shield themselves from the storm. The rest will be left out in the cold.

Some Greek Employees Work Without Getting Paid

The Huffington Post | Bonnie Kavoussi | Posted 06.14.2012 | Business

A growing number of Greek workers are facing a stark choice: Work for no pay, or risk never getting paid again. An increasing number of Greek compa...

Europe's States, Rich and Poor, Must Share Their Debts

Guy Verhofstadt | Posted 08.13.2012 | World
Guy Verhofstadt

It is high time to examine structural solutions and help eurozone countries honor their debts rather than continue to lend them money at higher and higher rates of interest. Greece, for one, simply cannot dig its way out of debt on its own.

Greeks Withdrawing Cash, Stocking Up On Food Ahead Of Election

Reuters | Posted 08.13.2012 | Business

* Greeks withdraw cash from banks ahead of election * Stocking cupboards with food * Polls fan fears of return to the dr...

Spain To Be Monitored After Bailout

Reuters | Posted 08.11.2012 | Business

* Relief rally over 100 billion euro package fizzles fast * All eyes on Greek election for next test in debt crisis ...