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Greece Debt

Greek Leader Hit With Acrimony At Home Over Bailout Deal

AP | ELENA BECATOROS | Posted 02.25.2015 | World

ATHENS, Greece (AP) — Greece's prime minister held a marathon meeting with his party's lawmakers Wednesday, briefing them on pledges made to Europea...

I Apologize to the Greek People for Collaborating in This Illusion

Manolis Glezos | Posted 02.24.2015 | World
Manolis Glezos

BRUSSELS -- Some people say that in an agreement you also have to make some concessions. But as a matter of principle, between the oppressor and the oppressed there can be no compromise, as there can be no compromise between the slave and the tyrant. Freedom is the only solution.

Appeal to Europe's Leaders: Give Greece a Chance

George Papandreou | Posted 02.17.2015 | World
George Papandreou

The fiscal adjustment we have accomplished was done much less through reform, i.e. reorganizing the management of our country, public sector and economy, and more through cuts and taxes. However this has placed an inordinate burden on the middle class, it has created an army of young unemployed and many households are under the poverty line.

The Fate of Europe and the World May Rest in Greece

Sen. Bernie Sanders | Posted 02.17.2015 | Politics
Sen. Bernie Sanders

The new Greek government needs support in establishing pro-growth policies which create jobs, expand their economy and enable them to pay down their debts. Demanding that creditors are paid before any of that is allowed to happen may come at a very heavy price for more than just the people of Greece.

Greek Debt Talks Break Down

Reuters | Posted 02.16.2015 | World

By Renee Maltezou and Jan Strupczewski BRUSSELS, Feb 16 (Reuters) - Talks between Greece and euro zone finance ministers over the country's debt br...

Germany Maintains Hardline Stance In Greece Debt Talks

Reuters | Posted 02.17.2015 | World

By Yann Le Guernigou and Costas Pitas PARIS/ATHENS, Feb 16 (Reuters) - Debt-laden Greece and EU paymaster Germany struck hardline postures ahead of...

Why Greece's Call for WWII Reparations From Germany Is a Very Bad Idea

Sylvie Goulard | Posted 02.10.2015 | World
Sylvie Goulard

No responsible leader worthy of the title should take the risk of threatening the peace which has reigned since the end of the Second World War.

Greek Finance Minister's Debt Diplomacy Hits A Wall In Germany

AP | By GEIR MOULSON and NICHOLAS PAPHITIS | Posted 02.05.2015 | World

BERLIN (AP) — A whistle-stop tour of European capitals netted Greece's finance minister few, if any, concessions over the country's debt — but the...

Syriza Victory: A Glimmer of Hope for Greece?

Gregoris Kalai | Posted 02.04.2015 | World
Gregoris Kalai

These past two weeks mark a new start for Greece. The country is now, for the first time since joining the Eurozone, beginning to negotiate a new debt agreement as it rolls back austerity measures.

Greece Braces For Talks With Germany Amid Market Relief

AP | DEREK GATOPOULOS and COLLEEN BARRY | Posted 02.03.2015 | World

ATHENS, Greece (AP) — Greece's new anti-bailout government confirmed it will hold meetings with lead lender — and critic — Germany this week aft...

What You Need To Know About The Debt Standoff Between Greece And The Eurozone

AP | DAVID McHUGH | Posted 02.02.2015 | World

FRANKFURT, Germany (AP) — Greece wants a break from the terms of its eurozone bailout loans, saying they're suffocating its economy. Germany, the b...

New Greek Leader Softens Rhetoric On Debt Talks With Europe

AP | DANICA KIRKA and MENELAOS HADJICOSTIS | Posted 02.02.2015 | World

LONDON (AP) — Britain's Treasury chief warned that the standoff between Greece and the eurozone over the country's bailout is endangering the global...

Merkel Rules Out Another Greek Debt Cut

AP | Posted 01.31.2015 | World

BERLIN (AP) — German Chancellor Angela Merkel has underlined the refusal of Greece's European creditors to consider forgiving part of the debt-ridde...

The Sovereign Debt of Greece Remains a Contentious Issue

Nicos E. Devletoglou | Posted 02.09.2015 | World
Nicos E. Devletoglou

The multiple admonishments between Athens and its increasingly hardline partners in Europe in recent days are out of place -- even as part of a high-stakes game testing contrasting approaches to dealing with Greece's bulging debt.

Greek President Tells Arianna: 'Troika Acts As If They're Speaking To Rocks, Not People'

Huffington Post Greece | Giannis Pitaras | Posted 11.21.2014 | World

President of the Greek Republic Karolos Papoulias leveled heavy criticism against the "Troika" of organizations that handled his country's financial c...

Greece Secures Another Eurozone Lifeline

Reuters | Annika Breidthardt and Martin Santa | Posted 09.07.2013 | Business

* Athens to get staggered payments over course of 2013 * Euro zone countries will pay 2.5 bln eur in July, rest later *...

Crafting the Cyprus Deal: A Road Filled With Blunders

David Catalan | Posted 05.31.2013 | Business
David Catalan

The role of the Troika in bailing out governments and banks is nothing new, but the solutions put forward by EU leaders to improve the Cypriot crisis seem to be founded on little foresight, and without regard for the tragic mistakes of the past few years.

Swiss Red Cross Cuts Donor Blood Supply To Greece

AP | FRANK JORDANS | Posted 04.28.2013 | Impact

BERLIN — The Swiss Red Cross is slashing its supply of donor blood to Greece because the financially stricken country has failed to pay its bill...

Les Miserables of Greece

Justine Frangouli-Argyris | Posted 04.22.2013 | World
Justine Frangouli-Argyris

Yesterday's prosperous citizens require international humanitarian assistance and a strong support from the Greek-American community at large. The Greek government and its European allies cannot pretend that nothing is amiss anymore.

Will Greece Survive?

Marietta Giannakou | Posted 04.21.2013 | World
Marietta Giannakou

Is modern Greece going to survive out of the storm of the ongoing crisis? Is Europe about to change path from the achievements of post-war political cooperation and economic integration to the unchartered waters of national egoisms and self-minded interests?

Debt Forgiveness Is Inevitable and Will Save the Euro

Elena Panaritis | Posted 02.05.2013 | World
Elena Panaritis

Austerity has made it difficult for Greece to meet its fiscal targets, as well as its structural reforms. This is why anything short of debt forgiveness and more bailout funds is only a way for Europe to buy a little bit of time but at a huge price.

The Politics of Fear

George Papandreou | Posted 01.29.2013 | World
George Papandreou

My recent experience in dealing with the financial crisis in Greece and in Europe has confirmed my belief that this is a political crisis more than a financial one. In trying to confront its fiscal deficit, Europe has run up a democratic deficit.

Ricardo Caballero: "Greece Is in Rehab"

Vaios Papanagnou | Posted 01.28.2013 | World
Vaios Papanagnou

"This was clear from the beginning, and it remains clear. It is up to Greece and its Europeans partners to decide how to structure and spread over time this default."

The Money Is Gone, the War Is Over

The European Magazine | Posted 01.26.2013 | World
The European Magazine

Who cares about why and how Greece entered the eurozone? Who cares about state accountants tip-tapping on Excel fifteen years ago? Does this discussion make tomorrow's solutions more likely?

Eurozone Insists Greece Accept Six-Day Workweek

Posted 09.04.2012 | Business

Greece’s debt crisis could take a toll on its weekends. In exchange for a second bailout, Greece’s creditors are demanding that the country’...