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Greece Debt Crisis

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 ...

Rebuilding Greece: Groups Try to Shake the 'Crisis'

Daphne Lambadariou | Posted 08.07.2012 | World
Daphne Lambadariou

Entrepreneurship and innovation seem almost herculean tasks in the current Greek context, but some dare to defy the odds. This is the sort of innovation Greece needs.

Why Europe's "Technocrati" Can't Do it All

Chris Brummer | Posted 08.06.2012 | Business
Chris Brummer

Inconvenient truths point to the fact that spurring on the technocrats may help, but eventually the politics of Europe itself have to change.

The Greece I Know

Tatiana Karapanagioti | Posted 08.05.2012 | World
Tatiana Karapanagioti

I never cease to be amazed at the contrast between the Greece that I read about in foreign newspapers and the Greece that I've known since childhood -- the Greece in which I live today.

Can Merkel Be Moved?

Robert Kuttner | Posted 08.04.2012 | Business
Robert Kuttner

Because Germany, uniquely among European nations, is enjoying an economic boom, it will take real courage for the German Social Democrats to propose a fundamentally different course.

Bad News For Greek Companies

Reuters | Posted 08.01.2012 | Business

NEW YORK, June 1 (Reuters) - Rating agency Moody's Investors Service said it had lowered its ratings ceiling on Greek domestic debt issuers due to t...

5 Essential Facts About the Greek Currency Crisis

Richard Barrington | Posted 07.30.2012 | Money
Richard Barrington

The latest wrinkle in the Greek financial crisis is a rush by its citizens to withdraw their savings from banks. This is both a symptom of the fear that Greece might leave the euro zone and a potential catalyst to force that exit.

IMF Chief, Who Doesn't Pay Taxes, Slams Greeks For Not Paying Taxes

The Huffington Post | Alexander Eichler | Posted 05.30.2012 | Business

IMF chief Christine Lagarde wants the people of Greece to pay their taxes. The problem? She doesn't really pay taxes herself. Last Friday, The Gua...

Austerity: 2011's Darling Becomes 2012's Pariah

Arianna Huffington | Posted 07.29.2012 | Business
Arianna Huffington

There's a new scarlet letter in town. Actually, it's the same letter -- "A" -- but it stands for a different word that's increasingly regarded as shameful: Austerity. The darling idea of 2010 and 2011 has become the pariah concept of 2012. And the evidence of profound change is all around, from France and Greece to Germany and -- gasp -- the Republican Party. The change, when it comes to the conventional wisdom on austerity, has come from a combination of public pressure and leadership: one pushing up from below, the other pressing down from above. None of this means that we should break out the Keynesian champagne any time soon. But it's clear the forces of austerity are in retreat. And that's a very good thing.

Report: Greeks Could Lose Half Their Income With Euro Exit

AP | DEREK GATOPOULOS and NICHOLAS PAPHITIS | Posted 07.29.2012 | Business

ATHENS, Greece — An exit from the euro would see Greeks lose more than half their annual income and prompt a dramatic rise in unemployment and i...

Greece and the Eurozone: Weakness Brings Power

Rajan Menon | Posted 07.28.2012 | Politics
Rajan Menon

These issues doubtlessly need to be addressed, but what's notable is the sea change in the conversation. Ideas that were once off the table are now being taken up by EU governments and organizations and Euro pundits. The austerity discourse no longer dominates. Why?

As Goes Greece

Robert Kuttner | Posted 07.28.2012 | World
Robert Kuttner

Historians will look back on the spring of 2012 as moment when Europe's institutions and leaders either failed to contain a deepening crisis -- or as a time when leadership grasped the common stakes and rose to the occasion.

'It's Better To Be Safe Than Sorry'

Reuters | Posted 07.27.2012 | Business

By Chris Vellacott and George Georgiopoulos LONDON/ATHENS, May 28 (Reuters) - After Greece's inconclusive elections on May 6 led to po...

The End Of The Euro: A Survivor's Guide

Simon Johnson | Posted 07.27.2012 | Business
Simon Johnson

In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them -- and the world.

Greeks 'Just Don't Feel LIke Having Sex' Amid Economic Downturn

Reuters | Posted 07.27.2012 | Business

* Sex shops say business has plummeted * Greece imports its erotic toys * Return to drachma could spell death of industr...

Lagarde Has Little Sympathy For Greeks

AP | MEERA SELVA | Posted 05.26.2012 | Business

LONDON -- International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the cou...