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Greece Debt Crisis

Weekend Roundup: How Will Greece Take Its Hemlock?

Nathan Gardels | Posted 07.02.2015 | World
Nathan Gardels

Ancient Greece was not only the birthplace of democracy, but also a deathbed of reason when a jury of 500 citizens condemned Socrates to die by hemlock poisoning for his impious attitude toward the order of the day. Defiant to the end, the philosopher voluntarily drank the poison himself in a suicidal display of dignity. This weekend, Greek voters will decide in a referendum whether they will be force-fed more painful austerity, imposed by the jury of other European democracies, or, like Socrates, administer their own poison in a "no" vote that will likely push Greece out of the eurozone. Tragedy, too, such as we are witnessing today, had its origins in early Greek drama. Nobel Laureate Joe Stiglitz and Martin Guzman argue that Greece will be better off administering the poison by its own hand. As they point out by examining the Argentine default in 2001, there is "life after debt and default." Manolis Glezos, the elderly firebrand of Syriza, writes from Athens that, in a democracy, "the people are the measure" of their fate. (continued)

An 85-Year-Old Greek Grandmother Prepares To Vote 'No'

HuffPost Spain | Ana R. Cañil | Posted 07.03.2015 | World

Penelope Tyraki and her granddaughter Penelope Tyraki is 85 years old. She has 10 children and 17 grandchildren. She survived the Nazis. ...

Jason Linkins

Civilized Nations Don't Put Children In Brutal Prisons, So Why Do We?

HuffingtonPost.com | Jason Linkins | Posted 07.02.2015 | Politics

So that happened. On this week's podcast, Dana Liebelson joins us to discuss her recent exposé of the prison system in Michigan, where children -- co...

Why Is It So Hard for the European Union to Act Like a Federal Body?

Adrián Vidales | Posted 07.02.2015 | World
Adrián Vidales

All of Europe has its eyes on Greece. Sunday, July 5th there will be a referendum that could be the first step toward the end of the European Union as we know it. A European Union that, once again, has failed.

These Economists Are Calling For An End To Greece's Austerity Nightmare

The Huffington Post | Charlotte Alfred | Posted 07.03.2015 | World

A tense standoff between the Greek government and its international creditors reached a breaking point this week. On Tuesday, Greece became the first...

Brussels and the Beast

Canon J.John | Posted 07.02.2015 | World
Canon J.John

For all its genuine achievements, the sad reality is that the once-proud edifice of the European Union has turned into a wobbling house of cards. What has gone wrong? Let me suggest a few of the most obvious weaknesses.

Greek Finance Minister Varoufakis Says He'll Resign If Greece Votes For Bailout

Reuters | Posted 07.02.2015 | World

By Lefteris Karagiannopoulos and Renee Maltezou ATHENS, July 2 (Reuters) - As Greece heads to a referendum on Sunday that could decide its future i...

Elderly Greeks Try To Claim Their Pensions Amid Crisis

The Huffington Post | Nick Robins-Early | Posted 07.01.2015 | World

Thousands of elderly Greeks gathered at banks around the country on Wednesday after a number of branches temporarily opened to allow them to collect 1...

Here's The Truth About Greece That Many Germans Won't Like to Hear

HuffPost Germany | Christoph Asche | Posted 07.01.2015 | World

Greece's is facing a massive economic crisis. And of course, most Germans have seen it coming. It’s so obvious, that when it comes to national ...

Why Greeks Might Accept More Austerity in Sunday's Vote

Daniel Gros | Posted 07.01.2015 | World
Daniel Gros

BRUSSELS -- The feeling of belonging to Europe might make the difference. It might lead a majority of Greeks to accept another austerity program, and prevent Greece from repeating Argentina's tragedy.

The End of the European Canon

Lucia Annunziata | Posted 07.01.2015 | World
Lucia Annunziata

It may not be a breakdown, but it is undoubtedly an unveiling: Europe is abandoning its State of Grace, its Olympus of Rules, and doing something that in the language of international politics is brutally labeled "meddling."

Oedipus Debt: The Greek Financial Tragedy

Robert Brenner | Posted 07.01.2015 | Comedy
Robert Brenner

SOOTHSAYER: Oedipus, my lord, I've got some bad news for you.

Greece's Prime Minister Tsipras Addresses The Nation Amid Crisis

The Huffington Post | Nick Robins-Early | Posted 07.06.2015 | World

Greek Prime Minister Alexis Tsipras affirmed in a televised speech on Wednesday that Sunday's referendum on a proposed bailout for the cash-strapped c...

Greece Deserves Better

Nicos E. Devletoglou | Posted 07.01.2015 | World
Nicos E. Devletoglou

It is no longer wise, therefore, for the European Union, a superpower currently in limbo, with recessionist circumstances prevailing, to continue tormenting the Greek people in its strategic southern periphery instead of offering to us all a real chance to spark off prosperity both in Greece and the rest of Europe.

Greece Reportedly Ready To Accept Revised Deal

Reuters | Atul Prakash | Posted 07.01.2015 | World

LONDON, July 1 (Reuters) - European shares extended gains on Wednesday after a report saying that Greece was ready to accept most conditions from it...

Adriana Usero

Puerto Rico's Dance With Default Embraces A Fickle Partner: Wall Street

HuffingtonPost.com | Adriana Usero | Posted 07.01.2015 | Politics

WASHINGTON -- Puerto Rico may stave off default by making a last-minute payment to creditors on July 1, but the island’s economic future rests on th...

A Contentious And Eventful Year For Greek Prime Minister Alexis Tsipras

The Huffington Post | Nick Robins-Early | Posted 07.01.2015 | World

In January, Alexis Tsipras and his Syriza party rode a current of anti-austerity sentiment to a resounding victory in Greece's national elections. Tsi...

Why the Greek Crisis is a Failure of the Lenders

S. Kumar | Posted 06.30.2015 | Business
S. Kumar

As Greece hurtles towards a default on its IMF loan this week and an exit from the euro, it's easy to point the finger of blame at the Mediterranean nation.

The Future Of Greece Summarized In A Single Infographic

HuffPost France | Jean-Baptiste Duval | Posted 06.30.2015 | World

Since the breakdown in negotiations between Greece and its international creditors over the country's debts, it has become very difficult to foll...

Puerto Rico and Otherness

Dante Disparte | Posted 06.30.2015 | Business
Dante Disparte

As the recent global financial crisis taught us, privatizing gains while socializing losses is a dangerous economic policy and financial contagion cannot be easily quantified or reversed.

This Is The Sad State Of Greece's Economy, And Now Things May Get Worse

The Huffington Post | Charlotte Alfred | Posted 06.30.2015 | World

Greece's grueling austerity program lies at the heart of disagreements between the country's left-wing government and international creditors over bai...

Greece: Dead End or Fresh Start?

Robert Zevin | Posted 06.30.2015 | Business
Robert Zevin

For five years Greece has been subjected to a regime of totally inappropriate austerity. As a result, for five years its poverty and misery have increased along with its impossibly large debt burden.

Daniel Marans

U.S. Efforts In Greek Debt Crisis May Be Just Too Late

HuffingtonPost.com | Daniel Marans | Posted 06.30.2015 | World

The United States should have intervened a week ago when the latest talks between Greece and its creditors began to fall apart, a former senior Intern...

Daniel Marans

Europe's Populists Rally To Greece's Side

HuffingtonPost.com | Daniel Marans | Posted 06.30.2015 | World

Populist parties in Spain, Ireland and other austerity-stricken European countries are flocking to support the Greek government’s defiance of its cr...

Geoffroy Clavel

How France's National Front Looks To Capitalize On The Greferendum

HuffingtonPost.com | Geoffroy Clavel | Posted 06.29.2015 | World

In the wake of the referendum announcement, the National Front hopes to capitalize on the Greek example as it already has on the future British referendum so that it can promote its own strategy for the euro and a European Union exit.