iOS app Android app

Greece Debt Crisis

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 06.29.2016 | 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 06.29.2016 | 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 06.29.2016 | 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 ...

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 ATM. ...

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 06.28.2016 | 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 06.27.2016 | 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 ...

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 ...

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's sta...

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

Costas Meghir | Posted 06.24.2016 | 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 Offer In Bailout Talks Stirs Angry Backlash At Home

Reuters | Posted 06.23.2016 | 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...

Grexit! Then What?

Eliza Vozemberg | Posted 06.18.2016 | World
Eliza Vozemberg

I hope that the discussion on Grexit will remain at a theoretical level and that the Greek people will not experience the real consequences of a default.

How the Financial Crisis is Choking Greek Businesses

Alexandros Klossas | Posted 06.18.2016 | World
Alexandros Klossas

As the Greek government and its creditors continue negotiations over the country's debt, the lack of liquidity has turned the financial situation for many of the nation's companies increasingly dire and frozen both the private sector and the domestic market.

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 Gree...

Greeks Are Just Trying to Stay Alive

Jeffrey Sachs | Posted 06.17.2016 | 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 06.17.2016 | 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 capi...

The Victimization of the Greek People Must Stop

Nicos E. Devletoglou | Posted 06.16.2016 | 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 06.15.2016 | 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.