iOS app Android app

Greece Debt Crisis

Greece's Referendum Question Is Confusing Everyone

The Huffington Post | Charlotte Alfred | Posted 07.05.2015 | World

Greeks will vote in a referendum Sunday on whether the government should accept a proposed bailout deal which would provide critical funding if the co...

The Final Mistake of a Bad Negotiation

Dimitris Katsikas | Posted 07.04.2016 | World
Dimitris Katsikas

The decision to hold a referendum on the creditors' proposal is the final act in a drama that started five months ago, when the new Greek government initiated a new round of negotiations with the country's creditors.

Greek Minister: Europe Can't Afford To Let Greece's Economy Crash

Reuters | Posted 07.04.2016 | World

By Lefteris Karagiannopoulos and Matt Robinson ATHENS, July 4 (Reuters) - Greece's finance minister accused creditors of trying to "te...

Weekend Roundup

Arianna Huffington | Posted 07.03.2016 | Politics
Arianna Huffington

This week, while the U.S. celebrates its independence, the world watches a modern Greek tragedy unfold as Greece votes on austere bailout terms imposed by the country's creditors. However the vote goes, one thing is clear: The austerity that came with the two previous bailouts has utterly broken the Greek economy. GDP has gone down nearly 30 percent. A quarter of the country is unemployed, including half of its young people. Pensions have been slashed. The health budget has been cut by 40 percent. Suicides are up 36 percent since 2008. The Troika has authored a new Greek myth -- that you can cut your way to growth. And now they're back, demanding more of what's already shattered the economy. The question is will they shatter the spirit of the Greek people? Just as we value our independence, so do the Greeks, who, after all, invented democracy. No matter the outcome of the vote, feeling some measure of control will help keep Greece's spirit alive.

What the Referendum Means for Greece

Elena Ambrosiadou | Posted 07.03.2016 | World
Elena Ambrosiadou

Plans based on common sense of purpose and partnership in problem solving are the basis for delivering the much needed change. There are many areas which should be subject to deep structural reform. The willingness has to be there from both sides.

The Tragedy Of Greece's Referendum

Pavlos Tsimas | Posted 07.03.2016 | World
Pavlos Tsimas

That whatever has happened (in the name of decency and self-determination, supposedly) during the past few days, the end of negotiations, the closing of the banks, the sudden fall in our economy, place us defenseless in the hands of our creditors.

A Careful Look at Greece's Options and Why Yes Is the Only One

Costas Meghir | Posted 07.03.2016 | World
Costas Meghir

Understanding the consequences of leaving the Euro has to be analyzed in two separate parts: first the consequences during the transition to the drachma and second the long-term outlook for the Greek economy with its own currency. The transition is, of course, hugely important.

The Deadly Cost Of Austerity On Greece's Health Care System

The Huffington Post | Charlotte Alfred | Posted 07.03.2015 | World

For over four years, Greece has implemented strict austerity measures as a condition of the major bailout deals keeping the country afloat. The Gre...

Weekend Roundup: How Will Greece Take Its Hemlock?

Nathan Gardels | Posted 07.02.2016 | 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 10.19.2015 | World

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

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 07.02.2016 | 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 07.02.2016 | 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 finan...

Why Greeks Might Accept More Austerity in Sunday's Vote

Daniel Gros | Posted 07.01.2016 | 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 07.01.2016 | 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 07.01.2016 | 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 07.01.2016 | 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 07.01.2016 | 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 01.05.2016 | 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...