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Greece Economy

'Nai' Or 'Oxi'? What Greece's Landmark Vote May Trigger

AP | PAN PYLAS | Posted 07.04.2015 | World

LONDON (AP) — On his 10-year trip home, the Greek hero Odysseus at one point had to steer his ship and crew down a narrow stretch of water menaced o...

Greece Deserves Better

Nicos E. Devletoglou | Posted 07.01.2015 | World
Nicos E. Devletoglou

It is no longer wise, therefore, for the European Union, a superpower currently in limbo, with recessionist circumstances prevailing, to continue tormenting the Greek people in its strategic southern periphery instead of offering to us all a real chance to spark off prosperity both in Greece and the rest of Europe.

Greece Reportedly Ready To Accept Revised Deal

Reuters | Atul Prakash | Posted 07.01.2015 | World

LONDON, July 1 (Reuters) - European shares extended gains on Wednesday after a report saying that Greece was ready to accept most conditions from it...

Global Markets Tumble Over Greece Crisis

AP | Posted 06.30.2015 | Business

TOKYO (AP) — Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp losses, but investors remained worried the crisis ...

These Young Greeks Want to Change Their Country

HuffPost Germany | Christoph Asche | Posted 06.25.2015 | World

"There are moments in history when you have to act. Otherwise you're a coward." says Antonis Schwarz. You can't help but believe the 27-year-old'...

Germany's Leadership Role in Advancing Economic Freedom: Opportunity for All, Favoritism for None

Natasha Srdoc | Posted 06.19.2015 | World
Natasha Srdoc

The topics of strengthening the transatlantic partnership and advancing economic freedom were brought to the forefront, when we gathered in Brussels at a dinner event of the Konrad Adenauer Foundation in December 2014.

Greece Has Made Tough Choices. Now It's the IMF's Turn.

James K. Galbraith | Posted 06.17.2015 | World
James K. Galbraith

ATHENS -- The IMF and Greece's other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment and taxes, and that slashing wages, pensions and public jobs has a magical effect on growth. This has proved false. Indeed, Greece's post-2010 adjustment led to economic disaster -- and the IMF's worst predictive failure ever.

The Victimization of the Greek People Must Stop

Nicos E. Devletoglou | Posted 06.17.2015 | World
Nicos E. Devletoglou

Isn't it, too, almost an indecent albeit dangerous spectacle of the European Union, a superpower, to go on threatening, when not cajoling, the government of a small member-state on its strategic southern periphery?

Quiz: Who Can Save Greece From Collapse?

Triantafyllos Xylouris | Posted 06.15.2015 | World
Triantafyllos Xylouris

Given the abundance of talent in Greece with not many other options to pursue, I truly believe that the startup-scene can generate star players. But we have to stay realistic.

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...

Europe Warns Greece That Time Is Running Out For A Deal

AP | RAF CASERT and LORNE COOK | Posted 06.11.2015 | World

BRUSSELS (AP) — International creditors sent Greek Prime Minister Alexis Tsipras home from a summit Thursday with a clear message: swiftly tone down...

Greece Reform It or Ruin It?

Nancy K. Humphreys | Posted 06.05.2015 | World
Nancy K. Humphreys

In 2012, the former Greek government, in compliance with troika demands for debt restructuring, pursued austerity economic policies that plunged the country into debt, causing pension funds to lose $27 billion in reserves.

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

Μανώλης Γλέζος | Posted 04.26.2015 | World
Μανώλης Γλέζος

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.