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Greece Debt Crisis

Causes Of Greek Economic Crisis Not As Simple As You Might Think

Posted 05.17.2012 | World

The causes of the economic crisis in Greece may not be as simple as you think. In a new video from the Harvard Kennedy School, lecturer Richard Par...

Voting for the Extremes

Melina Xaritatou | Posted 07.17.2012 | World
Melina Xaritatou

It is insane to ask from people whose lives have been crashed to choose between the euro and the drachma. They can't answer to that.

Whither Eurozone Austerity?

Rajan Menon | Posted 07.15.2012 | World
Rajan Menon

Europe's political winds have shifted over the past month. The first sign of this preceded the event now being hailed as the catalyst, Sarkozy's loss in France's presidential election, and it occurred in an unlikely place: the Netherlands.

Negotiations To Form Greek Government Continue

AP | NICHOLAS PAPHITIS | Posted 07.14.2012 | Business

ATHENS, Greece — Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in de...

Euro Ministers Plead With Greece To Stick With Austerity Program

AP | RAF CASERT | Posted 07.14.2012 | Business

BRUSSELS — Leading European Union finance officials promised to stand by Greece as a member of the eurozone provided it sticks to its bailout te...

Greece Nears 'Moment Of Truth' As Coalition Talks Fall Apart

Reuters | Posted 07.13.2012 | Business

* President to meet smaller parties from 1630 GMT * Talks with big parties hit impasse * Radical left seen gaining if ne...

Arianna On The Crisis In Greece

New York Times | Posted 05.12.2012 | Business

AS I follow the modern Greek tragedy unfolding in Europe, I flash back to the 18 years I spent in Athens, walking to school in Plaka (the old part of ...

German Official: Without Austerity, Greece 'Financial Aid Falls Away'

AP | Posted 05.12.2012 | Business

BERLIN -- The head of Germany's central bank is warning that there would be no basis for further financial aid to keep Greece afloat if the country ba...

Greece Election Results 2012: Crisis, Confusion, Protest

Elena Panaritis | Posted 07.11.2012 | World
Elena Panaritis

The results are a death blow to the country's decades-long two-party system, leaving both Pasok and New Democracy in a lurch. But this should not come as a surprise considering the widespread popular discontent largely due to how the Greek crisis and how has been handled.

Without Growth, There's Only One Ending to Euro Debt Crisis

Jeffrey Rubin | Posted 07.09.2012 | World
Jeffrey Rubin

What Europe's voters and its central bank are coming to recognize is that unremitting fiscal austerity measures are the wrong prescription for what ails the European economy -- they're actually exacerbating the continent's economic problems.

Greek Elections, Lessons From Argentina 2001-02 ...and a Call for Sanity

Alexander Mizan | Posted 07.09.2012 | World
Alexander Mizan

Greece is on the verge of a national catastrophe. The local political leadership has made successive mistakes, only to be compounded by the recent vote. Let's examine the scenarios.

Greece in Agony

Robert Cabot | Posted 05.09.2012 | World
Robert Cabot

There is a surplus of the ugly in Greece -- of avarice, of hideous modernity, corruption, exploitation. But though it is largely hidden, there is something about the tough, durable fiber, the pride of generosity, the fierce instinct for independence which is at the core of the Greek soul.

Greek Elections, a Trap!

Elena Panaritis | Posted 07.04.2012 | World
Elena Panaritis

When Greeks go to the polls on Sunday, they will be reeling from one of the worst economic crisis in history that has cost them their jobs, pensions and is now denying them the power to plan for their future. So what is the way out?

Greece: A Teenage Nation

Maria Paravantes | Posted 07.02.2012 | World
Maria Paravantes

The world may be talking about the upcoming Greek elections but the Greeks -- true to their adolescent hearts -- are out in the sun swimming, tanning, drinking coffee and enjoying the moment. Tomorrow is another day.

Austerity Measures Are Worse at Easter

Seth Engel | Posted 07.02.2012 | World
Seth Engel

In the face of the U.S.'s two greatest crises of the century, Americans have turned to FDR and George W. Bush for solace. The Germans had once chosen Hitler for theirs. Which path will the Greeks venture down on May 6? Who can lead a country that has hit rock bottom?

Some Good News For Greece

Reuters | Posted 07.02.2012 | Business

ATHENS, May 2 (Reuters) - Standard & Poor's raised Greece's credit rating to low-speculative grade on Wednesday, lifting it out of default terri...

Greek Fraudsters Lose Benefits

Reuters | Posted 06.25.2012 | Business

By Angeliki Koutantou and Harry Papachristou ATHENS, April 25 (Reuters) - Greece has halted welfare or pension payment...

A Tax for Your Thoughts...

Maria Paravantes | Posted 06.19.2012 | World
Maria Paravantes

We've passed the audition and are now holding starring roles in Animal Farm Takes Greece -- a remake of George Orwell's foretelling allegorical tale penned 67 years ago!

Mark Gongloff

Papandreou Warns Of 'Vicious Circle' Of Austerity And Recession

HuffingtonPost.com | Mark Gongloff | Posted 04.09.2012 | Business

NEW YORK -- Europe's austerity fever is creating a "vicious circle" of economic pain, former Greek Prime Minister George Papandreou said on Thursday -...

Greece May Not Be Able To Afford Fielding One Olympic Team

AP | By DEREK GATOPOULOS | Posted 06.04.2012 | Business

ATHENS, Greece -- Greece's track and field authority suspended all athletic operations Wednesday due to severe spending cuts – a major embarrass...

'Spain Is Going To Stop Being A Problem'

AP | The Associated Press | Posted 05.30.2012 | Business

THE PLAN: Spain's new conservative government has unveiled a (EURO)27 billion ($36 billion) deficit-reduction package that it hopes will convince its ...

Greek PM: More 'Financial Support May Be Necessary'

Reuters | Posted 05.30.2012 | Business

MILAN, March 30 (Reuters) - Prime Minister Lucas Papademos said on Friday Greece may need a third bailout package if the sweeping au...

The Role of the Greek Diaspora: Save Greece or Help It Save Itself? (Or C: Do Nothing)

Aphrodite Bouikidis | Posted 05.21.2012 | World
Aphrodite Bouikidis

Greek diaspora groups can play a role in helping Greeks address their political, economic and social crisis, but only if they do so with those in Greece that are building the foundations of a more prosperous, equitable and healthy future.

Wave Of Protests Hits Greek Hospitals

AP | Posted 05.21.2012 | Business

ATHENS, Greece — Greece is already managing to beat some of its deficit-reduction targets, as figures released Wednesday show that its central b...

Shooting Democracy at Dawn

Gerard Papasimakopoulos | Posted 05.14.2012 | World
Gerard Papasimakopoulos

Ultimately, what is even the point of participating in an electional process, when your vote is no longer truly needed? When your voice no longer has any bearing on the state of a nation?