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Greece Economy

A Late-August Dispatch From Athens

David C. Wittig | Posted 08.20.2015 | World
David C. Wittig

Perhaps the worst news for the Greeks is that the Germans have gone "radio silent." When the Germans were beating up the Greeks daily in the press, the Greeks were getting sympathy ... no more. Greece is on its own.

What The Greek Government Isn't Saying About The New Bailout Deal

The Huffington Post | Daniel Marans | Posted 08.12.2015 | World

The bailout deal Greece finalized with creditors on Tuesday, worth up to $94 billion, won't bring significant relief from austerity, contra...

Greece, Lenders Clinch Multi-Billion Euro Bailout Deal

Reuters | Jade Walker | Posted 08.11.2015 | World

ATHENS, Aug 11 (Reuters) - Greece and its international lenders reached a multi-billion euro bailout agreement on Tuesday after talking through the n...

From Greek to Euro Crisis: How German Ideology Is Destroying Europe's Future

Jakob von Uexkull | Posted 08.03.2015 | World
Jakob von Uexkull

The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.

Greek Bailout Talks Delayed

AP | Charlotte Alfred | Posted 07.24.2015 | World

ATHENS, Greece (AP) — Greece on Friday invited the International Monetary Fund to participate in its negotiations with European creditors over ...

Provoking the Past in the Greek Referendum

American Anthropological Association | Posted 07.23.2015 | World
American Anthropological Association

In ATM queues up and down the country it became particularly striking how people discussed their fears and aspirations for the future through extensive reference to poignant pasts.

The Financial Crisis in Greece: A Spiritual Crisis in Disguise and an Urgent Call for Change

Maria Benardis | Posted 07.22.2015 | Business
Maria Benardis

Despite the financial crisis in Greece, there are many aspects of Greece that are not in crisis such as the beauty of its environment, food, history, culture and the hospitality of its people.

Greek High-Tech Made Its International Case Amidst Turmoil

Demetrios Pogkas | Posted 07.20.2015 | World
Demetrios Pogkas

The Greek start-up ecosystem really boomed over the last three years with big funding rounds and exits for companies mostly in ICT, but it still lacks the experience and networks for helping create truly international companies.

After 3 Week Closure, Greek Banks Finally Reopen With Some Restrictions

AP | Jade Walker | Posted 07.20.2015 | World

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Europe Moves To Restore Funding To Greece After Bailout Vote

Reuters | Charlotte Alfred | Posted 07.16.2015 | World

ATHENS, July 16 (Reuters) - Europe moved to re-open funding to Greece's stricken economy on Thursday after the parliament in Athens approved...

Greece PM Must Shred His Own Election Promises And Sell Austerity

AP | Jade Walker | Posted 07.14.2015 | World

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Why Debt Relief Won't Solve Greece's Problems

Edmund S. Phelps | Posted 07.13.2015 | World
Edmund S. Phelps

Greece will not get very far out of its present morass without coming to grips with how it got there. The country provides a textbook example of a flawed economic system.

Sunday Roundup

Arianna Huffington | Posted 07.11.2015 | Politics
Arianna Huffington

This week the world watched as Greece continued its fight for economic survival. Armed with the Greek people's resounding "no" vote on yet another round of economy-killing austerity measures, Prime Minister Tsipras went back to the negotiating table with EU negotiators. But the rescue package he presented to the Greek Parliament on Friday was a mixed bag: while it includes fresh loans, it also comes with the kind of destructive elements -- like regressive taxes and pension cuts -- that already tanked the Greek economy. As the 28 EU leaders meet today, it's clear that Greece isn't fighting mindless austerity just for Greece, but also for the rest of Europe. The Greek public's bold stance has galvanized anti-austerity groups across Europe. It's like a proxy fight in a new cold war -- but this one isn't East vs. West, it's the failed past vs. a sustainable future.

There Is No Quick Fix for Greece

Greta Van Susteren | Posted 07.11.2015 | World
Greta Van Susteren

Let's face it, no private investor in his right mind -- even one loaded with money -- would lend any to Greece. Not only is Greece in economic and financial shambles, but also Greece just proved it by defaulting on loans.

Creditors Welcome Greek Reform Proposal, But Leftists Wary Of More Austerity

AP | Posted 07.10.2015 | World

ATHENS, Greece (AP) — Greece's prime minister acknowledged Friday the reforms his government has proposed in return for a third bailout are harsh an...

Greece Submits Reform Proposals To European Creditors

AP | Posted 07.10.2015 | World

ATHENS, Greece (AP) — Greece finally met a deadline that counted on Thursday, delivering a series of sweeping proposals to its creditors before midn...

What It's Like To Be A Tourist In Crisis-Stricken Greece

HuffPost Spain | Carlota Ramirez | Posted 07.09.2015 | World

ATHENS -- Some people still feel inspired walking through the Acropolis’ monumental entrance, the Propylaea. No wonder. The temples of the "hol...

Greece Scrambles To Present Tough Reform Package To Creditors

Reuters | Posted 07.09.2015 | World

By Renee Maltezou and Angeliki Koutantou ATHENS, July 9 (Reuters) - Greek Prime Minister Alexis Tsipras raced on Thursday to shore up political sup...

Greek Pensioners Are Surviving On Just 120 Euros. Here's What That Buys.

The Huffington Post | Charlotte Alfred & Danae Leivada | Posted 07.08.2015 | World

As Greece’s debt crisis rolls on, many Greek pensioners have been living off a paltry 120 euros ($132) for nearly two weeks. Greece last week sh...

The Latest On The Greek Financial Crisis

AP | The Associated Press | Posted 07.07.2015 | World

BRUSSELS (AP) — The latest on the Greek financial crisis (all times Brussels local): ___...

Greece Given Until Sunday For Debt Deal

Reuters | Posted 07.07.2015 | Politics

* Euro zone sets end-of-week deadline for Greece, EU summit Sunday * Juncker warns that plans for "Grexit" are ready if need be ...

Greek PM Looks For Last Minute Deal At Eurozone Summit

Reuters | Paul Taylor and Costas Pitas | Posted 07.07.2015 | World

By Paul Taylor and Renee Maltezou BRUSSELS, July 7 (Reuters) - Greek Prime Minister Alexis Tsipras launched a desperate bid to win fresh aid from s...

Bernie Sanders Backs Greek Rejection Of Austerity Measures

The Huffington Post | Jacob Kerr | Posted 07.07.2015 | Politics

Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) voiced his support for Greece’s decision to reject a bailout deal that would have come...

What Travelers Need To Know About Visiting Greece

The Huffington Post | Suzy Strutner | Posted 07.06.2015 | Travel

Greece's debt crisis is making headlines around the world, but that doesn't mean the country's tourism industry is crumbling, experts say. Major...

A First Reading of the Referendum

Manos Sifonios | Posted 07.06.2015 | World
Manos Sifonios

The "NO" is a clear victory and can be translated as a clear mandate for the prime minister who took a heavy weight on his shoulders to represent the initiative.