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Greece Economy

Greece Reportedly Ready To Accept Revised Deal

Reuters | Atul Prakash | Posted 07.01.2016 | 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...

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's sta...

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

Natasha Srdoc | Posted 06.19.2016 | 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 06.17.2016 | 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 06.16.2016 | 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 06.15.2016 | 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 06.12.2016 | World

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

Greece Reform It or Ruin It?

Nancy K. Humphreys | Posted 06.05.2016 | 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.

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

Reuters | Posted 05.07.2016 | 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 05.06.2016 | 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

Prof. Cas Mudde | Posted 05.16.2015 | World
Prof. 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.

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...

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...

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...