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Greece Debt Crisis

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.

Will a 'Perfect Storm' Sink Europe?

Mohamed A. El-Erian | Posted 06.29.2015 | World
Mohamed A. El-Erian

Given the EU's fundamental interconnectedness -- in economic, financial, geopolitical and social terms -- the disruptive impact of each shock would amplify the others, overwhelming the region's circuit breakers, leading to recession, reviving financial instability and creating pockets of social tension. This would increase already high unemployment, expose excessive financial risk-taking, embolden Russia and strengthen populist movements further, thereby impeding comprehensive policy responses.

The Euro in Flames

Mauro Guillén | Posted 06.29.2015 | World
Mauro Guillén

What will happen next? The unemployed face years of suffering. There will be more European summits, and more commitments that nobody will fulfill. The Greek problem may be fixed in the short run, but at the expense of a long-term solution.

Greece Won't Pay Its IMF Debt As Crisis Continues And Referendum Looms

The Huffington Post | Nick Robins-Early | Posted 06.29.2015 | World

Greece will not make the 1.6 billion euro debt payment that it owes the International Monetary Fund on Tuesday, a Greek official confirmed to Reuters...

Greece: A Nation Divided -- Will Russia Take the Initiative?

Joergen Oerstroem Moeller | Posted 06.29.2015 | World
Joergen Oerstroem Moeller

If Russia does not seize the opportunity to bail out Greece, we can conclude that the Russian economy is in much worse shape than anticipated. There is also an interesting observation to be made behind the gunpowder smoke in Ukraine, Iran's alleged nuclear weapons program and several other geopolitical issues.

I Have The Answer. But What Is The Question?

Pavlos Tsimas | Posted 06.29.2015 | World
Pavlos Tsimas

It is true that in a referendum, the people speak. But they don't say much. Just a "yes" or a "no." That's why the important part of a referendum isn't the answer. It's the question.

Europe's Broken Mirror

Ifigeneia Kamtsidou | Posted 06.29.2015 | World
Ifigeneia Kamtsidou

The mirror of Europe is broken and the Greek people are called to look at their reflection in one of the pieces. The participation in the referendum is complicated but maybe it will let us know which fragment can become the basis for the new reflection of the country.

Greece In Shock As Closed Banks And Capital Controls Imposed

Reuters | Posted 06.29.2015 | World

By Michele Kambas and Lefteris Papadimas ATHENS, June 29 (Reuters) - Stunned Greeks faced shuttered banks, long supermarket lines and overwhelming ...

Global Markets Tumble Over Greece Crisis

AP | Posted 06.30.2015 | Business

TOKYO (AP) — Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp losses, but investors remained worried the crisis ...

A Day In Line At Greece's ATMs

HuffPost Greece | Alexis Gaglias | Posted 06.29.2015 | World

ATHENS -- National Bank of Greece, Formionos street branch, around 1:30 in the afternoon. Nearly 25 people are in line waiting their turn at the ...

Greece Will Close Banks Amid Fear Of Financial Collapse

The Huffington Post | Nick Robins-Early | Posted 06.28.2015 | World

Greek Prime Minister Alexis Tsipras announced on Sunday that the nation's banks and stock market would be closed on Monday amid fears of financial col...

12 Devastating Consequences if Greece Returns to the Drachma

Dimitrios Giokas | Posted 06.28.2015 | World
Dimitrios Giokas

It's clear that we should not base our hopes on futile and dangerous solutions, such as returning to the drachma. Let us draw up a long-term plan for the next day, that will turn Greece into a modern, well-governed European country with a strong economy and liberated from the chronic pathologies that pester it.

Greece To Close Banks And Stock Exchange On Monday

Reuters | Posted 06.29.2015 | World

By Lefteris Papadimas and John O'Donnell ATHENS/FRANKFURT, June 28 (Reuters) - Greek banks and the stock exchange will be shut on Mond...

Rift With Greece Sets Europe Into Uncharted Territory

Reuters | Alastair Macdonald | Posted 06.28.2015 | World

BRUSSELS, June 28 (Reuters) - Europe's grand project to bind its nations into an unbreakable union by means of a common currency lurched into uncharte...

Victims of Illusions: The Non-Solution of the Greferendum

Cas Mudde | Posted 06.28.2015 | World
Cas Mudde

The Greek government has squandered all its goodwill within half a year through a combination of arrogance, belligerence, naivety and utter incompetence. It set out to restore the "dignity" of the Greek people by "liberating" them from the alleged stranglehold of the Troika, while in the process "transforming" Europe into a more equal and just continent. It has achieved neither.

Over A Third Of Greek ATMs Run Out Of Cash

Reuters | Posted 06.27.2015 | World

By George Georgiopoulos and Lefteris Papadimas ATHENS, June 27 (Reuters) - More than a third of automated teller machines across Greece ran out of ...

European Leaders Reject Greece Bailout Extension Throwing Eurozone Into Crisis

AP | RAF CASERT and ELENA BECATOROS | Posted 06.27.2015 | World

ATHENS, Greece (AP) — Greece's parliament voted early Sunday in favor of Prime Minister Alexis Tsipras' motion to hold a July 5 referendum on credit...

Greek PM Calls Referendum On Bailout Deal

Reuters | Posted 06.27.2015 | World

By Lefteris Papadimas and Renee Maltezou ATHENS/BRUSSELS, June 27 (Reuters) - Greek Prime Minister Alexis Tsipras called a referendum...

Greece, Creditors Get Closer To Bailout Deal

AP | Posted 06.26.2015 | World

BRUSSELS (AP) — Greece and its creditors moved closer to clinching a deal this weekend that would allow the cash-strapped country avoid a default an...

Meeting On Greece Wraps Up Without Deal

AP | DEREK GATOPOULOS and RAF CASERT | Posted 06.26.2015 | World

BRUSSELS (AP) -- The bitter standoff between Greece and its international creditors was extended into the weekend, just days before Athens has to meet...

These Young Greeks Want to Change Their Country

HuffPost Germany | Christoph Asche | Posted 06.25.2015 | World

"There are moments in history when you have to act. Otherwise you're a coward." says Antonis Schwarz. You can't help but believe the 27-year-old'...

Between Default and Reform: The Night and Day Options for the Greek Economy

Costas Meghir | Posted 06.24.2015 | World
Costas Meghir

The obvious alternative to the catastrophe that the government is contemplating is to implement real structural reforms. This would first require a deal with the creditors to keep Greece afloat.

Greek PM Tussles With Creditors As Debt Talks Enter Final Stretch

AP | LORNE COOK and DEREK GATOPOULOS | Posted 06.25.2015 | World

BRUSSELS (AP) -- Greece was trying to bridge major differences with creditors Wednesday on a plan to make more reforms in the country in exchange for ...

Greek Offer In Bailout Talks Stirs Angry Backlash At Home

Reuters | Posted 06.23.2015 | World

By George Georgiopoulos and Michele Kambas ATHENS, June 23 (Reuters) - Greece's leftwing government expressed confidence on Tuesday that parliament...

What Happens If Greece Defaults On Its Debts?

The Huffington Post | Nick Robins-Early | Posted 06.19.2015 | World

As negotiations between Greece and its creditors continue to fail to produce a bailout deal, the Greek central bank warned on Wednesday that the natio...