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Greece Debt Crisis

Euro Area Sovereign Debt Crisis: Putting the House in Order

Otaviano Canuto | Posted 05.15.2012 | World
Otaviano Canuto

Restoring competitiveness and a sustainable fiscal position in countries like Greece will require governments to undertake sustained and deep structural reforms for years to come.

Greece: Making Lemonade When the Economy Throws Lemons at You

Niovi Christopoulou | Posted 05.15.2012 | World
Niovi Christopoulou

So, Greece is in big trouble and in need of leaders with good crisis management instincts and experience. (If you know any, send them to Athens ASAP -- economy class only please.)

Greek Children Too Hungry For Gym Class

The Huffington Post | Bonnie Kavoussi | Posted 03.14.2012 | Business

Greek budget cuts have taken a toll on even schoolchildren. Many Greek schoolchildren are too underfed to exercise in physical education class anym...

Bailout Approved

Reuters | Posted 05.14.2012 | Business

BRUSSELS, March 14 (Reuters) - Euro zone countries formally approved on Wednesday a second, 130 billion euro financing package for Greece that will ...

Greece Needs To Keep Slashing Its Budget

Reuters | Posted 05.13.2012 | Business

By Jan Strupczewski BRUSSELS, March 13 (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2...

Greeks of the World, Unite!

Christos Barlas | Posted 05.12.2012 | World
Christos Barlas

After two years of being portrayed in the international media as lazy, incompetent and escape goats for the breakdown of the global financial system, Greeks from all over the world unite their voices with the sole aim of telling a simple truth: Greece cannot be identified with the failures of its political system.

Greek Official: 'The Economy Is Sinking And Everyone Is Too Scared'

Reuters | Posted 05.10.2012 | Business

* EIB reluctant, row with the EU Commission over the funds * Channelling the funds via local banks could be a solution A...

Greece Out of Default Emergency Room, But Far From Being Cured

Georges Ugeux | Posted 05.09.2012 | Business
Georges Ugeux

Do Greek authorities understand that, unless they play by the rules and restore their fiscal discipline, there will soon be another default... and no bailout? Nothing is less sure. This is not a few bad years; it is a different way to manage a country.

Rediscovering the Soul of Greece

Alex Pattakos | Posted 05.09.2012 | World
Alex Pattakos

Like Odysseus, the legendary Greek king of Ithaca and hero of Homer's epic poem the Odyssey, Greece must forge ahead on its modern-day journey of (self)discovery and transformation.

Greek Official: 'This Is The Only Way To Keep The Country On Its Feet'

Reuters | Posted 05.09.2012 | Business

* Around 86 pct of Greek law bonds submitted for swap * Some reluctant creditors to be forced to accept deal * New bonds...

Greece Defaults! What Now?

The Huffington Post | Mark Gongloff | Posted 05.08.2012 | Business

So this is happening: Greece has technically, officially defaulted on its debt. Now what? The International Swaps and Derivatives Association, t...

Confidential Note Details Staggering Costs Of Messed-Up Greek Default

Reuters | Posted 05.05.2012 | Business

By Alex Chambers LONDON, March 6 (Reuters) - A disorderly default in Greece would likely necessitate outside support for Spain and It...

Crisis Pushes One Greek Town To Become 'Industrial Graveyard'

Reuters | Posted 05.04.2012 | Business

By Renee Maltezou and Deepa Babington KOMOTINI, Greece, March 4 (Reuters) - Decades ago, Antonis Seitanidis' family fl...

Fiscal Affairs: Making the United States More Like Greece

Simon Johnson | Posted 05.02.2012 | Business
Simon Johnson

If you cut taxes, revenues will fall and deficits will increase. If you change the CBO's scoring process to hide this fact -- as is under consideration by leading Republicans -- you are engaging in exactly the same sort of deception that brought down Greece.

Hey Greece, Forget The EU, The Internet Is Coming To Your Rescue

The Huffington Post | Bonnie Kavoussi | Posted 03.02.2012 | Business

Greek protesters, European finance ministers, and central bankers: you can go back home now. Financial markets, rest easy. Greece has been saved. Sort...

PHOTOS: The Resilient Beauty of Greece

Posted 03.01.2012 | Travel

Thanks to its history, architecture, beaches and food, Greece has long been a mainstay of travelers' bucket lists. The Acropolis alone draws roughly 3...

What's Next?

Elena Panaritis | Posted 04.28.2012 | World
Elena Panaritis

Greece must embrace a holistic approach to reforms that would be guided by an overall reduction of transaction costs, concentrating in simplifying processes. Simplification would be the best start.

The World's Leading Debtors and America's Exploding Debt Burden

Howard Steven Friedman | Posted 04.28.2012 | World
Howard Steven Friedman

How do we increase federal revenue in ways that don't hurt the fragile economy? How do we control federal spending without stomping on the sprouts of economic growth?

Greece, Youth and the Phoenix

Anthony Strano | Posted 04.25.2012 | World
Anthony Strano

So what other alternative do the young people have except to migrate to warmer and kinder climates? The future is built on the young adults of today. If they go, Greece will go.

Greece Is the Wor(l)d: Part 2

Alexia Amvrazi | Posted 04.24.2012 | World
Alexia Amvrazi

It starts with a tingle in the nose, like you're about to sneeze. Next, a stinging in the eyes. Welcome to the effects of tear-gas, which for Athenians has become an ordinary experience.

Germany's Fingerspitzengefühl Deficit Risks World Crisis

Bill Tragos | Posted 04.24.2012 | World
Bill Tragos

Greece needs Europe to be as brilliant and generous as America when the Truman Doctrine saved that country and Turkey from Communism. Because Greece's road to recovery will be long and painful.

What Do the Greek Austerity Measures Mean for Education?

Sarah Butrymowicz | Posted 04.23.2012 | World
Sarah Butrymowicz

Last week, the Greek government passed new austerity measures, making even deeper cuts to the country's public sector. Thousands of Greek citizens have taken to the streets to protest the plans.

Greece's Managed Default

Jared Bernstein | Posted 04.22.2012 | Business
Jared Bernstein

Forgive me if I'm just being rhetorical here, but it looks to me like all the headlines about how the latest bailout of Greece enables the country to avoid default have it wrong. Greece is defaulting on its sovereign debt, and that's a good, as in "necessary," thing.

Default Fear Sparks Call for Action

Elena Panaritis | Posted 04.22.2012 | World
Elena Panaritis

The Greek bailout deal is a 130-billion-euro step towards resolving the Eurozone crisis. But it's just one more step on a very long path of economic recovery.

Mortgages, Greece & Obama's Budget: The Global Financial Literacy Crisis

Adam Levin | Posted 04.17.2012 | Business
Adam Levin

Once upon a time in America, Greek was routinely included in the curriculum of a liberal arts education. Today, we don't necessarily need to speak the language, but we do need to better understand what's happening.