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Greece Default

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 07.01.2015 | 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.

HuffingtonPost.com | 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.

Greece: Voluntary or Involuntary - Default Is a Given

Asher Edelman | Posted 03.21.2012 | Business
Asher Edelman

The Greek people will resist the effect of either default on Greece's economic future. They will not allow their assets to be pledged or sold to the seemingly stronger nations.

Bonnie Kavoussi

Lost In Translation? The Latest Troubling Indicator From Europe

HuffingtonPost.com | Bonnie Kavoussi | Posted 01.04.2012 | Business

An increasing number of workers in the troubled Mediterranean countries of Italy, Spain and Greece are having their resumes translated into English an...

Greece Braces For 'Mother Of All Strikes' As Austerity Vote Nears

Posted 12.18.2011 | Business

ATHENS - Harry Papachristou and James Mackenzie) - Greek ships were harboured and garbage rotted in the streets of Athens on Tuesday as angry work...

Follow the Money: Behind Europe's Debt Crisis Lurks Another Giant Bailout of Wall Street

Robert Reich | Posted 12.05.2011 | Business
Robert Reich

If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.

Bonnie Kavoussi

European Crisis Could Tip U.S. Into Recession

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.04.2011 | Business

As the Greek government appears increasingly likely to default on its debt, economists are envisioning potentially dire spillovers to the United State...

Greece Must Shrink Public Sector To Avoid Default, Lenders Say

Posted 11.19.2011 | Business

ATHENS (George Georgiopoulos and Ingrid Melander) - International lenders told Greece on Monday it must shrink its public sector and improve tax c...