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Greece Economy

Talks Between Greece And Its Creditors Appear To Be Back On Track

AP | Posted 05.11.2015 | World

BRUSSELS (AP) — Greece may have only a couple of weeks left before it faces real problems meeting its financial commitments, the country's finance m...

Greece Will Rehire Cleaning Ladies, School Guards Laid Off Under Austerity

Reuters | Posted 05.07.2015 | World

ATHENS, May 7 (Reuters) - Greece's parliament passed a law on Thursday paving the way for the government to rehire about 4,000 public sector workers...

Yet Another Greek Secret: The Case of Phantom Assets

Steve H. Hanke | Posted 05.06.2015 | World
Steve H. Hanke

When banks are in distress, it is important to assess how easily the bank's capital cushion can absorb potential losses from troubled assets. To do this, I performed an analysis using Texas Ratios for Greece's four largest banks.

Greece Battles To Avert Catastrophic Funding Crunch

Reuters | Posted 05.05.2015 | World

By Lefteris Papadimas and Jan Strupczewski ATHENS/BRUSSELS, May 5 (Reuters) - Greece blew hot and cold with its euro zone partners on Tuesday as it...

Greece To Run Out Of Cash By April 20 Without Fresh Aid

Reuters | Posted 03.24.2015 | World

By George Georgiopoulos and Thorsten Severin ATHENS/BERLIN, March 24 (Reuters) - Greece risks running out of cash by April 20 unless it secures fre...

Greece Rejects 'Blackmail' As Cash Runs Low

Reuters | Posted 05.17.2015 | World

* Greece could run out of cash within weeks * New Greek government has annoyed EU partners * Tsipras to visit Berlin nex...

'Weimar Greece' and the Future of Europe

Cas Mudde | Posted 05.16.2015 | World
Cas Mudde

The Great Recession has not turned Greece into an illiberal democracy, or (more positively formulated) an ill-functioning liberal democracy; it has always been one.

Greece Accuses Spain, Portugal Of Conspiring To Topple Anti-Austerity Government

Reuters | Posted 04.30.2015 | World

* Spain, Portugal leading "axis of powers" against Athens-PM * Portuguese leader denies taking hard line on Greece * Ger...

Greek Protesters Clash With Police In First Backlash Against Syriza

Reuters | Posted 04.28.2015 | World

ATHENS, Feb 26 (Reuters) - Dozens of black-clad protesters clashed with riot police in central Athens on Thursday, smashing shop windows, throwing p...

I Apologize to the Greek People for Collaborating in This Illusion

Manolis Glezos | Posted 04.26.2015 | 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.

Eurozone Ministers Approve Greek Reform To Extend Bailout

AP | Posted 04.26.2015 | World

BRUSSELS (AP) — Greece's creditors in the 19-country eurozone on Tuesday approved a list of reforms Athens proposed to get a 4-month extension to it...

Fate Of Greece Deal To Soon Be Decided

AP | DEMETRIS NELLAS | Posted 02.21.2015 | World

ATHENS, Greece (AP) — Greece will submit a list of reforms to be agreed with its creditors Sunday, the country's finance minister said Saturday. "W...

Into the Crystal Ball: Travel Trends for 2015

Dane Steele Green | Posted 04.20.2015 | Travel
Dane Steele Green

Predictions are a fool's game, particularly in travel, where fads come and go on the winds of a good PR campaign or viral video. So let us forget about fads and talk about trends, those subtler and more substantial shifts in the paradigm that prove to be the game changers.

PM: Greece Will Not Give In To Blackmail

Reuters | Posted 04.19.2015 | World

By Renee Maltezou and Karolina Tagaris BRUSSELS/ATHENS, Feb 17 (Reuters) - A war of words between Greece and EU paymaster Germany escalated on Tues...

Crucial Talks Over Greece's Debt Broke Down. What's Next?

AP | PAN PYLAS and LORNE COOK | Posted 04.19.2015 | World

BRUSSELS (AP) — Despite all the tough talk and ultimatums, Greece and its creditors in the 19-country eurozone are still expected to cobble together...

Can Greece Force a New Deal?

Robert Kuttner | Posted 04.17.2015 | Politics
Robert Kuttner

Greece and the European Union could face a showdown in their debt talks as early as this week. And if you had to place odds right now, the likelihood is that the stubbornness of Europe's senior leaders will create a catastrophe for both Greece and the EU. Here is the state of play.

Greece Confident Of Agreement Ahead Of Eurozone Negotiations

Reuters | Posted 04.17.2015 | World

By Jeremy Gaunt and Karolina Tagaris ATHENS, Feb 15 (Reuters) - Greece said on Sunday it was confident of reaching agreement in negoti...

Greek PM Tsipras Lays Out His Case As The Clock Ticks On An EU Bailout

Reuters | Posted 04.14.2015 | World

By Alastair Macdonald and Foo Yun Chee BRUSSELS, Feb 12 (Reuters) - Greece's radical new prime minister Alexis Tsipras was in Brussels...

Greece and Europe: The Need for a Political Response

Tassos Giannitsis | Posted 04.11.2015 | World
Tassos Giannitsis

Given all current complex problems characterizing the European landscape, Greece must abandon many myths and stereotypes, accept that the country itself is the source of many significant problems and that it should mobilize its own internal forces. Europe on the other hand should also admit to its mistakes.

Greece's New Prime Minister Rejects Bailout, Setting Up Clash With The EU

Reuters | Posted 04.10.2015 | World

By Lefteris Papadimas and Renee Maltezou ATHENS, Feb 8 (Reuters) - Leftist Prime Minister Alexis Tsipras laid out plans on Sunday to d...

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 04.04.2015 | 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 Government Refuses To Extend Bailout Program

Reuters | Posted 01.30.2015 | World

By Lefteris Papadimas and Angeliki Koutantou ATHENS, Jan 30 (Reuters) - Greece's new leftist government opened talks on its bailout with European p...

Read The Daily Blog Of Greece's 'Erratic Marxist' Finance Minister

The WorldPost | Nathan Gardels | Posted 01.30.2015 | World

Yanis Varoufakis, a self-described "erratic Marxist," is the new finance minister of Greece under the just-elected Syriza-led government of Prime Mini...

Greece Is on to Something

Martina Buchal | Posted 02.14.2015 | Impact
Martina Buchal

Whether it's the economy, unemployment, social or environmental issues, there is always something we are up against. What we choose to do in the face of that adversity, however, I believe, is what will define us as a generation.