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Greece Default

How the Greek and Chinese Crises Are Linked

Mohamed A. El-Erian | Posted 07.09.2015 | World
Mohamed A. El-Erian

At first sight, there is little to connect the ugliness in China and Greece. The former reflects the unwinding of a market bubble; and the latter is driven by weak and deteriorating economic and financial fundamentals. Yet both share a common element, and they are not the only ones: They have benefited from the ultra-loose experimental policies that have been pursued by major central banks around the world.

Greece's Debt Crisis Is Hurting Its Even Poorer Neighbors

Reuters | Benet Koleka | Posted 07.08.2015 | World

KAPSHTICA, Albania, July 8 (Reuters) - Sun-beaten and sullen, the four Albanian fruit-pickers returning home from a three-week stint working in Greece...

Greece Asks For European Bailout Funds, Rushes To Finish Reform Plan

AP | ELENA BECATOROS and JAMEY KEATEN | Posted 07.08.2015 | World

ATHENS, Greece (AP) — With a deadline just hours away to come up with a detailed economic reform plan, Greece requested a new three-year rescue from...

Fidel Castro Congratulates Greek PM On His 'Brilliant Political Victory'

The Huffington Post | Charlotte Alfred | Posted 07.07.2015 | World

Retired Cuban leader Fidel Castro wrote a gushing letter of praise to Greek Prime Minister Alexis Tsipras after Greece roundly rejected international ...

A Corpse Can't Carry Out Reform in Greece. Here's What Can.

Jeffrey Sachs | Posted 07.06.2015 | World
Jeffrey Sachs

QUITO -- No country -- including Greece -- should expect to be offered debt relief on a silver platter; relief must be earned and justified by real reforms that restore growth, to the benefit of both debtor and creditor. And yet, a corpse cannot carry out reforms. That is why debt relief and reforms must be offered together, not reforms "first" with some vague promises that debt relief will come in some unspecified amount at some unspecified time in the future (as some in Europe have said to Greece).

Greece's Referendum Question Is Confusing Everyone

The Huffington Post | Charlotte Alfred | Posted 07.05.2015 | World

Greeks will vote in a referendum Sunday on whether the government should accept a proposed bailout deal which would provide critical funding if the co...

Why Greeks Might Accept More Austerity in Sunday's Vote

Daniel Gros | Posted 07.01.2015 | World
Daniel Gros

BRUSSELS -- The feeling of belonging to Europe might make the difference. It might lead a majority of Greeks to accept another austerity program, and prevent Greece from repeating Argentina's tragedy.

Greece Fails To Meet IMF Debt Deadline

The Huffington Post | Nick Robins-Early | Posted 07.06.2015 | World

Greece failed to meet its deadline to pay 1.6 billion euros it owed to the International Monetary Fund on Tuesday, a development that heightened fears...

Greece's Debt Crisis Deadline Approaches

Reuters | Posted 06.30.2015 | World

By Renee Maltezou and Lefteris Papadimas ATHENS, June 30 (Reuters) - The head of the European Commission made a last-minute offer to try to persuad...

Alexander C. Kaufman

Here's What A Greek Default Could Mean For The U.S. | Alexander C. Kaufman | Posted 06.30.2015 | Business

NEW YORK -- The United States may benefit if Greece defaults when its latest loan payment is due on Tuesday, as this may set the stage for a permanent...

I Have The Answer. But What Is The Question?

Pavlos Tsimas | Posted 06.29.2015 | 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.

Live Updates On The Greek Debt Crisis

The Huffington Post | Eline Gordts | Posted 07.02.2015 | World

Greece's banks and stock market were closed on Monday, a new dramatic development in the country's ongoing debt crisis. Talks between the Greek go...

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.

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 ...

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...

Greek Central Bank Warns Country Will Likely Exit EU Without Deal

AP | By DEREK GATOPOULOS and RAF CASERT | Posted 06.17.2015 | World

ATHENS, Greece (AP) — Greek Prime Minister Alexis Tsipras says demands by the country's rescue lenders to slash pensions are "incomprehensible" and ...

Greece Faced With Harrowing Decision With Possibility For Disaster

Reuters | Posted 06.13.2015 | World

By Matthias Williams and Lefteris Papadimas ATHENS, June 12 (Reuters) - Greece's government is under intense pressure to deliver unpal...

Greece Threatens To Skip IMF Payment, Opening Way For Possible Default

Reuters | Posted 06.03.2015 | World

By Karolina Tagaris and Deepa Babington ATHENS, June 3 (Reuters) - Greece's international creditors signaled on Wednesday they were ready to compro...

Austerity Is the Only Deal-Breaker

Yanis Varoufakis | Posted 05.26.2015 | World
Yanis Varoufakis

ATHENS -- Our government cannot -- and will not -- accept a cure that has proven itself over five long years to be worse than the disease.

Greece To Make IMF Loan Payment

Reuters | Posted 04.05.2015 | World

WASHINGTON, April 5 (Reuters) - Greek Finance Minister Yanis Varoufakis said on Sunday that Greece "intends to meet all obligations to all its credito...

What Will a Greek Default Mean for You?

Jeffrey Rubin | Posted 07.16.2012 | Business
Jeffrey Rubin

A Greek default would start in Athens, but it wouldn't be long before it's felt in Paris, Berlin, New York and Toronto. In today's intertwined financial markets, everyone has exposure to everyone else's problems.

Another Reason Why The Greek Debt Stand Off May Be Heating Up

Reuters | Posted 05.08.2012 | Business

By Sarah White and Tommy Wilkes LONDON, March 8 (Reuters) - Some hedge funds have found a legal loophole they believe will force Greec...

Greece's Managed Default

Jared Bernstein | Posted 04.22.2012 | Business
Jared Bernstein

Forgive me if I'm just being rhetorical here, but it looks to me like all the headlines about how the latest bailout of Greece enables the country to avoid default have it wrong. Greece is defaulting on its sovereign debt, and that's a good, as in "necessary," thing.

Official: Allowing Greek Default Would Be 'Totally Irresponsible'

AP | GABRIELE STEINHAUSER and ANGELA CHARLTON | Posted 04.18.2012 | Business

BRUSSELS — Greece's hopes to finally get its bailout and dodge default next month were boosted Friday, when key European leaders, including Germ...

Cucina Povera, Greek Style

Diana Farr Louis | Posted 04.08.2012 | Home
Diana Farr Louis

Greeks have survived countless sieges and trials. They became experts at concocting the most delicious meals with the most rudimentary of ingredients. Let's hope we have not lost the knack, because food aid may be slower to arrive this time around.