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Greece Debt

Yet Another Deadline in Athens

David C. Wittig | Posted 10.09.2015 | World
David C. Wittig

The situation in Greece is approaching a nuclear meltdown. The economy is in a death spiral. It is hard to imagine how Greece can avoid a haircut for depositors.

Europe's New Economic Divide: A key axis for Europe: free-market advocates in Western Europe ally with those in former communist countries

European Horizons | Posted 09.23.2015 | Politics
European Horizons

By Chris Miller, YaleGlobal, 27 August 2015 New East-West divide? An established welfare state like France, whose President François Hollande is see...

The Greece Polls Were Wrong Again

David C. Wittig | Posted 09.21.2015 | World
David C. Wittig

Syriza remains almost as popular, despite a confusing message. Is Syriza in favor of the agreement with the EU? They say, "Yes," but they recommended a "No" vote in the referendum. They seem to be doing very little to comply with the EU agreement.

Greece's Election in the Time of Consent

Pavlos Tsimas | Posted 09.17.2015 | World
Pavlos Tsimas

Whatever the electoral result, one may hope that the next government will at least be able to converse with the opposition, whoever ends up being in the former or latter position.

Greek Election Day Minus 4

David C. Wittig | Posted 09.17.2015 | World
David C. Wittig

Athens is eerily quiet. The restaurants are half-full. If it were not for a few lingering tourists, the restaurants would be empty. Even the Nike store in Kolonaki closed in the last two weeks (in the interest of full disclosure the store was not owed by Nike, it was operated by Folli Follie).

Greece, Lenders Clinch Multi-Billion Euro Bailout Deal

Reuters | Jade Walker | Posted 08.11.2015 | World

ATHENS, Aug 11 (Reuters) - Greece and its international lenders reached a multi-billion euro bailout agreement on Tuesday after talking through the n...

Greece Bailout Draft Boosts Hopes For Deal Within Days

Reuters | Andrew Hart | Posted 08.08.2015 | World

By George Georgiopoulos ATHENS, Aug 8 (Reuters) - Greek government officials discussed a draft of the country's third bailout agreement drawn up on t...

From Greek to Euro Crisis: How German Ideology Is Destroying Europe's Future

Jakob von Uexkull | Posted 08.03.2015 | World
Jakob von Uexkull

The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.

Europe's Misguided Perception of Greece Is a Growing Threat to Progress

Nicos E. Devletoglou | Posted 08.03.2015 | World
Nicos E. Devletoglou

To be sure, any austerity plan imposed on the country will not be successful if it does not also embrace a complementary option that is manifestly available to provide hope to ordinary people in Greece whose mounting distress is real and must be taken into account.

Germany, Greece, and the Future of Europe

Jeffrey Sachs | Posted 07.28.2015 | World
Jeffrey Sachs

Year after year, Greece's creditors have promised that the bailout packages would bring about a meaningful rebound in output, employment, and exports. Instead, the country has experienced a depression comparable to the decline in output and employment that Germany suffered from 1930 to 1932.

Greece Approves Reforms For Bailout

Associated Press | Andrew Hart | Posted 07.23.2015 | World

  ATHENS, Greece (AP) -- Greece's radical left-led government survived another revolt by rebels in the early hours of Thursday, passing...

The Financial Crisis in Greece: A Spiritual Crisis in Disguise and an Urgent Call for Change

Maria Benardis | Posted 07.22.2015 | Business
Maria Benardis

Despite the financial crisis in Greece, there are many aspects of Greece that are not in crisis such as the beauty of its environment, food, history, culture and the hospitality of its people.

After 3 Week Closure, Greek Banks Finally Reopen With Some Restrictions

AP | Jade Walker | Posted 07.20.2015 | World

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Banks To Reopen After Greece Agrees To Steep Austerity Cuts

Associated Press | Kelly Chen | Posted 07.16.2015 | World

ATHENS, Greece (AP) — Greece on Thursday won vital pledges of support from bailout lenders needed to keep its economy from collapsing, but offi...

Who's Afraid of Greek Growth?

Dimitris Thomakos | Posted 07.16.2015 | World
Dimitris Thomakos

With a view geared towards only debt repayments, additional taxes have been levied to the battered Greek economy and even more are coming. Which raises the question: Who's afraid of Greek growth?

Former Greek Finance Minister Calls Bailout Deal Reforms 'Fiscal Waterboarding'

The Huffington Post | Nick Robins-Early | Posted 07.15.2015 | World

Former Greek finance minister Yanis Varoufakis published a blog on his website Wednesday providing a line-by-line takedown of the July 12 Euro Su...

Greece PM Fights To Pass Reforms In Parliament

Reuters | Jade Walker | Posted 07.15.2015 | World

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Ryan Grim

German-Led Eurogroup Launching Coup Against Greek Government | Ryan Grim | Posted 07.16.2015 | Politics

After the fall of the Berlin Wall and the collapse of the Soviet Union, Francis Fukuyama famously declared an end to history. Things, of course, would...

On The 'Greek Question'

Rena Dourou | Posted 07.12.2015 | World
Rena Dourou

The weakening of a country in this specific area and under these specific circumstances would constitute not just a failure but a choice with grave strategic consequences.

Sunday Roundup

Arianna Huffington | Posted 07.11.2015 | Politics
Arianna Huffington

This week the world watched as Greece continued its fight for economic survival. Armed with the Greek people's resounding "no" vote on yet another round of economy-killing austerity measures, Prime Minister Tsipras went back to the negotiating table with EU negotiators. But the rescue package he presented to the Greek Parliament on Friday was a mixed bag: while it includes fresh loans, it also comes with the kind of destructive elements -- like regressive taxes and pension cuts -- that already tanked the Greek economy. As the 28 EU leaders meet today, it's clear that Greece isn't fighting mindless austerity just for Greece, but also for the rest of Europe. The Greek public's bold stance has galvanized anti-austerity groups across Europe. It's like a proxy fight in a new cold war -- but this one isn't East vs. West, it's the failed past vs. a sustainable future.

There Is No Quick Fix for Greece

Greta Van Susteren | Posted 07.11.2015 | World
Greta Van Susteren

Let's face it, no private investor in his right mind -- even one loaded with money -- would lend any to Greece. Not only is Greece in economic and financial shambles, but also Greece just proved it by defaulting on loans.

Greece Lawmakers Approve Bailout Proposal

Associated Press | Andrew Hart | Posted 07.15.2015 | World

ATHENS, Greece (AP) — Greek lawmakers voted overwhelmingly early Thursday to approve a harsh austerity bill demanded by bailout creditors, desp...

Varoufakis: 'Germany Won't Spare Greek Pain -- It Has An Interest In Breaking Us'

The Guardian | Yanis Varoufakis | Posted 07.10.2015 | World

Greece’s financial drama has dominated the headlines for five years for one reason: the stubborn refusal of our creditors to offer essential debt re...

Andrew Lord

New Greek Finance Minister's Signature Looks Like A Penis | Andrew Lord | Posted 07.10.2015 | Business


When Tired Politicians Are Called On To Make Important Decisions

HuffPost Greece | Katerina Nanopoulou | Posted 07.09.2015 | Healthy Living

On June 26, European Commission President Jean Claude Juncker declared that he was exhausted. “I don’t like this way of working, which leaves...