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Greece Debt Crisis

Why the Greek Crisis is a Failure of the Lenders

S. Kumar | Posted 06.29.2016 | Business
S. Kumar

As Greece hurtles towards a default on its IMF loan this week and an exit from the euro, it's easy to point the finger of blame at the Mediterranean nation.

The Future Of Greece Summarized In A Single Infographic

HuffPost France | Jean-Baptiste Duval | Posted 06.30.2015 | Home

Since the breakdown in negotiations between Greece and its international creditors over the country's debts, it has become very difficult to follow th...

Puerto Rico and Otherness

Dante Disparte | Posted 06.29.2016 | Business
Dante Disparte

As the recent global financial crisis taught us, privatizing gains while socializing losses is a dangerous economic policy and financial contagion cannot be easily quantified or reversed.

This Is The Sad State Of Greece's Economy, And Now Things May Get Worse

The Huffington Post | Charlotte Alfred | Posted 06.30.2015 | Home

Greece's grueling austerity program lies at the heart of disagreements between the country's left-wing government and international creditors over bai...

Greece: Dead End or Fresh Start?

Robert Zevin | Posted 06.29.2016 | Business
Robert Zevin

For five years Greece has been subjected to a regime of totally inappropriate austerity. As a result, for five years its poverty and misery have increased along with its impossibly large debt burden.

Daniel Marans

U.S. Efforts In Greek Debt Crisis May Be Just Too Late

HuffingtonPost.com | Daniel Marans | Posted 06.30.2015 | Home

The United States should have intervened a week ago when the latest talks between Greece and its creditors began to fall apart, a former senior Intern...

Daniel Marans

Europe's Populists Rally To Greece's Side

HuffingtonPost.com | Daniel Marans | Posted 06.30.2015 | Home

Populist parties in Spain, Ireland and other austerity-stricken European countries are flocking to support the Greek government’s defiance of its cr...

Geoffroy Clavel

How France's National Front Looks To Capitalize On The Greferendum

HuffingtonPost.com | Geoffroy Clavel | Posted 06.29.2015 | Home

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 06.29.2016 | Home
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 06.29.2016 | Home
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 | Home

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 06.29.2016 | Home
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 06.29.2016 | Home
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 06.29.2016 | Home
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 | Home

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

A Day In Line At Greece's ATMs

HuffPost Greece | Alexis Gaglias | Posted 06.29.2015 | Home

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 ATM. ...

Greece Will Close Banks Amid Fear Of Financial Collapse

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

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 06.28.2016 | Home
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 | Home

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 | Home

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

Prof. Cas Mudde | Posted 06.27.2016 | Home
Prof. 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 | Home

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

Greek PM Calls Referendum On Bailout Deal

Reuters | Posted 06.27.2015 | Home

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

These Young Greeks Want to Change Their Country

HuffPost Germany | Christoph Asche | Posted 06.25.2015 | Home

"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's sta...

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

Costas Meghir | Posted 06.24.2016 | Home
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.