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Greece Debt Crisis

19 Pieces Of Athens Graffiti That Perfectly Sum Up The Attitude Of Young Greeks

HuffPost Germany | Christoph Asche | Posted 06.18.2015 | World

The neighborhood of Exarcheia is different. That’s what several people told me when I first arrived in Athens. I knew that this neighborhood is...

Greeks Are Just Trying to Stay Alive

Jeffrey Sachs | Posted 06.17.2015 | World
Jeffrey Sachs

PARIS -- Europe's demands -- ostensibly aimed at ensuring that Greece can service its foreign debt -- are petulant, naive and fundamentally self-destructive. In rejecting them, the Greeks are not playing games; they are trying to stay alive. The Greek government is right to have drawn the line. It has a responsibility to its citizens. The real choice, after all, lies not with Greece, but with Europe.

Greece Has Made Tough Choices. Now It's the IMF's Turn.

James K. Galbraith | Posted 06.17.2015 | World
James K. Galbraith

ATHENS -- The IMF and Greece's other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment and taxes, and that slashing wages, pensions and public jobs has a magical effect on growth. This has proved false. Indeed, Greece's post-2010 adjustment led to economic disaster -- and the IMF's worst predictive failure ever.

Christoph Asche

The Economic Crisis In Greece –- As Told By An Athens Taxi Driver

HuffingtonPost.com | Christoph Asche | Posted 06.17.2015 | World

For an instant, his finger twitches. Should he honk the horn? “Does this have to happen right now?” Dimitris is a taxi driver in the Greek...

The Victimization of the Greek People Must Stop

Nicos E. Devletoglou | Posted 06.17.2015 | World
Nicos E. Devletoglou

Isn't it, too, almost an indecent albeit dangerous spectacle of the European Union, a superpower, to go on threatening, when not cajoling, the government of a small member-state on its strategic southern periphery?

Quiz: Who Can Save Greece From Collapse?

Triantafyllos Xylouris | Posted 06.15.2015 | World
Triantafyllos Xylouris

Given the abundance of talent in Greece with not many other options to pursue, I truly believe that the startup-scene can generate star players. But we have to stay realistic.

Greek PM Tsipras Insists On Debt Relief As Negotiations Resume

Reuters | Posted 06.13.2015 | World

ATHENS/BRUSSELS, June 13 (Reuters) - Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with i...

Greece Faced With Harrowing Decision With Possibility For Disaster

Reuters | Posted 06.13.2015 | World

By Matthias Williams and Lefteris Papadimas ATHENS, June 12 (Reuters) - Greece's government is under intense pressure to deliver unpal...

Can Angela Merkel Offer Hope for Greece?

Yanis Varoufakis | Posted 06.08.2015 | World
Yanis Varoufakis

ATHENS -- Moralistic objections to helping Greece abound, denying its people a shot at achieving their own renaissance. Greater austerity is being demanded from an economy that is on its knees, owing to the heftiest dose of austerity any country has ever had to endure in peacetime. No offer of debt relief. No plan for boosting investment. And certainly, as of yet, no "Speech of Hope" for this fallen people.

Greece Reform It or Ruin It?

Nancy K. Humphreys | Posted 06.05.2015 | World
Nancy K. Humphreys

In 2012, the former Greek government, in compliance with troika demands for debt restructuring, pursued austerity economic policies that plunged the country into debt, causing pension funds to lose $27 billion in reserves.

Greece Threatens To Skip IMF Payment, Opening Way For Possible Default

Reuters | Posted 06.03.2015 | World

By Karolina Tagaris and Deepa Babington ATHENS, June 3 (Reuters) - Greece's international creditors signaled on Wednesday they were ready to compro...

How a Grexit and Brexit Would Unravel Europe

Joschka Fischer | Posted 06.01.2015 | World
Joschka Fischer

BERLIN -- The combination of Grexit and Brexit, and its consequences not just for the stability of the eurozone, but for the continued existence of the EU, is probably the greatest danger that Europe has faced since the Cold War's end.

The Greek Crisis Needs Mediation Now, Not More Confrontation

Nicos E. Devletoglou | Posted 05.26.2015 | World
Nicos E. Devletoglou

Greece needs an honest break to get ahead: by completing ex post all known far-reaching structural reforms required to help transform its economy -- languishing in disarray for too long -- into an engine of progress.

Austerity Is the Only Deal-Breaker

Yanis Varoufakis | Posted 05.26.2015 | World
Yanis Varoufakis

ATHENS -- Our government cannot -- and will not -- accept a cure that has proven itself over five long years to be worse than the disease.

Greece Says It Hasn't Got The Money To Make Debt Repayment Next Month

Reuters | George Georgiopoulos and Kylie MacLellan | Posted 05.24.2015 | World

ATHENS/LONDON, May 24 (Reuters) - Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal wit...

HuffPost Editors Go Head-To-Head Over Greece's Debt Crisis

The Huffington Post | Kira Brekke | Posted 05.10.2015 | World

As Greece continues to struggle with debt repayments to its international creditors, there is much discussion in Europe about the ...

Greece's Syriza and the Question of the European Union's Political Will: Is a Compromise Agreement Enough to Keep the EU From "Dis-integrating?"

John Sydney Hopkins | Posted 05.07.2015 | World
John Sydney Hopkins

With Greece again appearing to be edging towards the brink of a "Grexit," financial markets are sensitive to daily headline news about EU negotiations, and what a potential default would mean now for Greece and EU integration policy.

Greece Makes IMF Payment But Another, Bigger One Looms

AP | ELENA BECATOROS and RAF CASERT | Posted 05.06.2015 | World

ATHENS, Greece (AP) — Cash-strapped Greece scraped together a 200 million-euro ($222 million) repayment to the International Monetary Fund on Wednes...

How Tsipras Squandered Greece's Opportunity

Joschka Fischer | Posted 06.30.2015 | World
Joschka Fischer

BERLIN -- Tsipras squandered Greece's opportunity, because he and other Syriza leaders were unable to see beyond the horizon of their party's origins in radical opposition activism. They did not understand the difference between campaigning and governing. Realpolitik, in their view, was a sellout. Of course, it is precisely the acceptance of necessity that marks the difference between government and opposition.

This Is the Way out of the Greek Debt Crisis

Yanis Varoufakis | Posted 06.27.2015 | World
Yanis Varoufakis

ATHENS -- The current disagreements with our partners are not unbridgeable. Our government is eager to rationalize the pension system (for example, by limiting early retirement), proceed with partial privatization of public assets, address the non-performing loans that are clogging the economy's credit circuits, create a fully independent tax commission and boost entrepreneurship. The differences that remain concern how we understand the relationships between the various reforms and the macro environment.

Savvas Xiros and the Greek-American Relations

John Brady Kiesling | Posted 06.24.2015 | World
John Brady Kiesling

The important point to remember is that the United States cares far more about the health of the European Union and the global financial system than it does about Greece. If the Tsipras government continues to seem aggressively ambivalent about its desire for rescue within that system, the U.S. government will watch from the sidelines as it sinks.

Finance Officials: Threats To Global Economy On The Horizon

AP | MARTIN CRUTSINGER and HARRY DUNPHY | Posted 06.18.2015 | Business

WASHINGTON (AP) — World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the...

Greece or Europe on Trial in Latvia

Nicos E. Devletoglou | Posted 06.17.2015 | World
Nicos E. Devletoglou

More pragmatism including further professional advice in goodwill should hopefully produce a better state of mind all around at the Eurogroup's forthcoming gathering in Riga, Latvia, on 24 April.

Ryan Grim

Greek Finance Minister Hints At Debt Default

HuffingtonPost.com | Ryan Grim | Posted 04.16.2015 | Politics

WASHINGTON -- If hard-line backers of austerity in Europe don't budge, Greece will have no choice but to default on its upcoming debt payments, Greek ...

Why Reform Will Fail in Greece

Theodoros Arapis | Posted 06.14.2015 | World
Theodoros Arapis

Five years into Greece's fiscal emergency, the Troika is justifiably skeptical about this week's make-or-break negotiations with Athens. Its leaders have heard these commitments before. For Syriza, this will be its most important test.