iOS app Android app

Greece Debt Crisis

Who Will Determine Greece's European Future?

Mohamed A. El-Erian | Posted 10.31.2012 | Business
Mohamed A. El-Erian

Greek officials should certainly hope that collective European action will succeed in stabilizing these other two countries' economies. But they should also realize that too great a success could, ironically, map into a higher probability of a Grexit.

Greek Police Crack Down On Immigrants During Crisis

AP | COSTAS KANTOURIS | Posted 08.22.2012 | World

NEA VYSSA, Greece -- Border police jeeps hurtle along hot, dusty tracks past potato fields on their way to the river that marks the Greek-Turkish bord...

Successful Leaders & Global Thinkers Forum

Elizabeth Filippouli | Posted 08.13.2012 | Business
Elizabeth Filippouli

It is not industries that grow leaders; it is societies. It is the education system and, therefore, it is actually the responsibility and duty of various societal stakeholders to nurture competent, intelligent and forward thinking leaders.

The Marketplace Versus Westphalia

Edward Goldberg | Posted 10.13.2012 | Business
Edward Goldberg

Relying on the Fed to safeguard the United States from a global economic crisis during an election year is politically convenient. But it is harmful to our concept of democracy.

Bank Braces For 'Collapse Of The Monetary Union'

Reuters | Posted 10.09.2012 | Business

* Commerzbank Q2 net profit misses forecasts * Says FY loan loss provision target looks increasingly ambitious * Says g...

Why Financial Discipline Won't Save Europe and How Governance Change Might Do the Trick

Michael G. Jacobides | Posted 10.07.2012 | World
Michael G. Jacobides

The European project risks becoming a zero-sum game edging towards disaster, and all seem to be forgetting an important point: The problems of the south are structural rather than fiscal.

The Euro Gets a New "Transmission" From Super Mario

Terry Connelly | Posted 09.30.2012 | World
Terry Connelly

In their view, the ECB has no treaty-based mandate to print money or undertake "quantitative easing" in this way. If that is the case, however, then the euro is a suicide pact, powerless to defend itself against its own demise.

Greek PM Pledges Growth As Recession Deepens

AP | NICHOLAS PAPHITIS | Posted 09.23.2012 | World

ATHENS, Greece — Greece's prime minister warned Tuesday that the country's battered economy is expected to contract by 7 percent this year, but ...

German Official: Greek Euro Exit 'Lost Its Horror'

AP | Posted 09.21.2012 | Business

BERLIN (AP) — Germany's vice chancellor questioned whether Greece can fulfill the conditions for receiving further international aid and said Sunday...

This Is What Racism Looks Like

AP | DEREK GATOPOULOS | Posted 07.19.2012 | World

ATHENS, Greece -- Immigrants living in Greece have been targeted in at least 300 violent attacks in the last three months, local anti-racism campaigne...

How to Resolve the Greek Crisis

Salim Lamrani | Posted 09.17.2012 | Politics
Salim Lamrani

The Greek crisis could have been avoided. Indeed, all that was necessary would simply have been for the European Central Bank to grant the necessary loans directly to Athens at the same rate of interest it charges when lending to private banks.

Ex-Greek Finance Minister: Cuts 'Almost Impossible'

AP | Posted 09.16.2012 | Business

ATHENS, Greece (AP) — The head of a party in Greece's new coalition government on Tuesday said the country's recession made it "almost impossible" f...

Greece's Record Joblessness 'May Not Have Reached Its Peak Yet'

Reuters | Posted 09.11.2012 | Business

* Unemployment hits record of 22.5 pct * More half of young Greeks out of a job * Tourism to provide only temporary reli...

Public Debt in France and Europe

Salim Lamrani | Posted 09.10.2012 | World
Salim Lamrani

All European countries find themselves confronted with debt problems that impact sustainable public finances. The crisis has not spared France, the world's fifth largest economic power, something that makes private banks quite happy.

Greek PM: 'We Want To Fight The Recession'

Reuters | Posted 09.05.2012 | Business

* Greek PM Samaras says want to renegotiate bailout policies * Says that does not mean to change fiscal targets but more time needed ...

Greece To Use 'Alarming' Data In Bid To Renegotiate Bailout

AP | DEREK GATOPOULOS | Posted 09.02.2012 | Business

ATHENS, Greece (AP) — Greece's new government will present "alarming" data on its recession and unemployment to international debt inspectors this w...

Microsoft Attack Puts Spotlight On Greek Tensions

Reuters | Posted 08.27.2012 | World

By Harry Papachristou ATHENS, June 27 (Reuters) - Gunmen driving a van packed with gas canisters firebombed the Athens headquarters of...

Austerity Policy Has Pushed Europe to the Brink

Curtis Roosevelt | Posted 08.26.2012 | Business
Curtis Roosevelt

The continual gatherings of heads of state, such as the one just concluded in Rome of Germany, France, Greece and Italy, reassure us that the euro will be saved. But the means to do so seem to be as elusive as ever.

Why Concessions, Contagion & Collapse Are Still in the Cards in Europe

Gemma Godfrey | Posted 08.25.2012 | Business
Gemma Godfrey

Greece continues to gamble with its eurozone membership with the misguided belief that it can soften demands for austerity, without threatening its bailout. Instead, it is the lack of a sufficient firewall, rather than a commitment to Greece remaining within the e

Greek Finance Minister Resigns

AP | ELENA BECATOROS | Posted 08.25.2012 | World

ATHENS, Greece — The banker who was chosen to be Greece's next finance minister resigned for health reasons Monday three days after he was rushe...

Greece Needs to Chart a Different Course

Mohamed A. El-Erian | Posted 08.24.2012 | World
Mohamed A. El-Erian

Greece's political leaders still don't seem to get it, and neither do its official creditors. The longer this problem persists, the greater the challenge of turning around a country already beset by recession, insolvency, distressingly high unemployment and rising poverty.

Greece: 'No More Taxes'

Reuters | Posted 08.23.2012 | Business

* Plans to ease austerity, rewrite bailout terms * Faces first test at June 28/29 EU summit By Lefteris Papadimas ...

Ireland Is Not Greece and Greece Is Not Ireland as European Crisis Rumbles On

Emmet Oliver | Posted 08.22.2012 | Business
Emmet Oliver

Americans must wonder how a faltering economy in Greece (population: approximately 11 million) can cause a rupture in the entire economic foundation of the eurozone, which is supported by a population of 332 million. Don't worry, we all ask ourselves this question from time to time.

How the European Debt Crisis Helped me Part From My Son for a Little

Dafna Maor | Posted 08.21.2012 | Parents
Dafna Maor

I checked my email for the last time and found out that my editor wanted me to go to Greece to cover the elections there. The last time I left my son for more than a day was when he was 3 1/2.

The Day That Greece Rescued Europe

Montserrat Domínguez | Posted 08.19.2012 | World
Montserrat Domínguez

The Greeks have deactivated the switch that threatened to blow Europe sky high. Antonis Samaras's New Democracy party victory in Greece does not in and of itself solve Athens' problems, nor those plaguing the rest of Europe's capitals. The boxer is still on the ropes, but the bell has been rung, ending the round; and that gives Europe time to recover, though it will have to keep fighting. In addition this week, if seen as part and parcel to what happened in Greece, the result of France's legislative elections and the majority that President Hollande now boasts both act as a serious warning to Angela Merkel in Germany. The message is clear: we are willing to go forward, but the pernicious austerity strategy that is pushing us into the abyss must be reconsidered.