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Greece Debt

No-No or No-Yes?

Pavlos Tsimas | Posted 07.05.2015 | World
Pavlos Tsimas

The outcome of this Greek drama is not up to the Greeks anymore. It now depends on how European leaders will react. Whether they will view the referendum result as an opportunity for a big deal or a chance to rid themselves of the Greek issue, putting all the blame on the Greeks, remains to be seen.

Greece Votes On Bailout In Biggest Test Yet For Euro

AP | ELENA BECATOROS and DEMETRIS NELLAS | Posted 07.05.2015 | World

ATHENS, Greece (AP) — Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly...

Why Vote 'Yes'

Andreas A. Papandreou | Posted 07.04.2015 | World
Andreas A. Papandreou

The reason that we cling to Europe, the EU and the Euro despite all our suffering and however much we attribute to their poor handling of our present predicament, is that with all the disillusionment we have in the capacity of our own governments and our institutions, imperfect Europe remains our beacon of hope.

The Final Mistake of a Bad Negotiation

Dimitris Katsikas | Posted 07.04.2015 | 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.

'Nai' Or 'Oxi'? What Greece's Landmark Vote May Trigger

AP | PAN PYLAS | Posted 07.04.2015 | World

LONDON (AP) — On his 10-year trip home, the Greek hero Odysseus at one point had to steer his ship and crew down a narrow stretch of water menaced o...

Weekend Roundup

Arianna Huffington | Posted 07.03.2015 | 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 07.03.2015 | 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.

What European Leaders Besides Merkel Think About The Greek Referendum

The WorldPost | Nathan Gardels | Posted 07.02.2015 | World

Greeks head to the polls on Sunday to vote on whether they’ll continue austerity policies imposed by creditors and their European partners or strike...

Brussels and the Beast

Canon J.John | Posted 07.02.2015 | 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.

Global Warming, Greece, and International Violence

Evaggelos Vallianatos | Posted 07.01.2015 | Green
Evaggelos Vallianatos

Greece is a nation fearful for its survival -- not because of global warming but because of another human-induced tragedy, debt. Indeed, the debt crisis is so severe that, for all intends and purposes, Greece is not thinking of global warming. She should.

The End of the European Canon

Lucia Annunziata | Posted 07.01.2015 | 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 07.01.2015 | Comedy
Robert Brenner

SOOTHSAYER: Oedipus, my lord, I've got some bad news for you.

Greece Reportedly Ready To Accept Revised Deal

Reuters | Atul Prakash | Posted 07.01.2015 | 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...

The Future Of Greece Summarized In A Single Infographic

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

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

Don't Blink, Greece

Alex Andreou | Posted 06.29.2015 | World
Alex Andreou

ATHENS -- It seems extraordinary how averse we have become to democracy. How alien an honest leader, who is unwilling to sell the country out in exchange for continuing power, appears. Tsipras is what all leaders should actually be like. We have simply become so accustomed to seeing things through the warped prism of political expedience, that democracy as it should be appears twisted.

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.

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 ...

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.

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...

Greece's Bailout Money Doesn't Really End Up In Greece

The Huffington Post | Nick Robins-Early | Posted 06.26.2015 | World

Every week, we bring you one overlooked aspect of the stories that made news in recent days. You noticed the media forgot all about another story's ba...

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'...

Top EU Leader On Greece Talks: 'We Need Pragmatic Solutions, Not Big Debates'

The Huffington Post | Nick Robins-Early | Posted 06.24.2015 | World

European Parliament President Martin Schulz said Wednesday that creditors have made offers to the Greek government that should result in an acceptable...