Greece Financial Crisis

Greece Is Also Having a Social Crisis

George Logothetis | Posted 05.24.2012

George Logothetis

The financial crisis and the resulting political instability in Greece has led to desperation and despondency that have clouded the core values of the Greek people.

Another Blow To Greece

AP | NICHOLAS PAPHITIS | Posted 05.17.2012

ATHENS, Greece — Fitch ratings agency downgraded debt-crippled Greece deeper into junk territory on Thursday, warning of a "probable" Greek exit...

World Stocks Drop As Worries Over Greece Intensify

AP | PAMELA SAMPSON | Posted 05.15.2012

BANGKOK — Asian stock markets fell Tuesday, rattled by a political impasse in Greece that could lead the debt-stricken country to a disorderly a...

Greek Parties Hit Political Stalemate, Euro Exit Fears Grow

Reuters | Posted 05.15.2012

By George Georgiopoulos and Karolina Tagaris ATHENS, May 14 (Reuters) - Greek leftists rejected a last-ditch proposal by the head of ...

Greek Elections, Lessons From Argentina 2001-02 ...and a Call for Sanity

Alexander Mizan | Posted 05.09.2012

Alexander Mizan

Greece is on the verge of a national catastrophe. The local political leadership has made successive mistakes, only to be compounded by the recent vote. Let's examine the scenarios.

Greece Out of Default Emergency Room, But Far From Being Cured

Georges Ugeux | Posted 05.09.2012

Georges Ugeux

Do Greek authorities understand that, unless they play by the rules and restore their fiscal discipline, there will soon be another default... and no bailout? Nothing is less sure. This is not a few bad years; it is a different way to manage a country.

Greece Defaults! What Now?

The Huffington Post | Mark Gongloff | Posted 05.08.2012

So this is happening: Greece has technically, officially defaulted on its debt. Now what? The International Swaps and Derivatives Association, t...

PHOTOS: The Resilient Beauty of Greece

Posted 03.01.2012

Thanks to its history, architecture, beaches and food, Greece has long been a mainstay of travelers' bucket lists. The Acropolis alone draws roughly 3...

Greece's Managed Default

Jared Bernstein | Posted 04.22.2012

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.

What Is Really Happening in Athens

Bernard-Henri Lévy | Posted 04.14.2012

Bernard-Henri Lévy

In an affair like this one, which is political as much as economic, and where the highly inflammable matter being toyed with is a people, their pride, their memory, their revolt, their survival, one would like to have seen things handled more deftly.

EU Financial Tug of War and the Greek Catalyst

Nikolas Katsimpras | Posted 03.27.2012

Nikolas Katsimpras

No matter how inspiring the future European vision might be, the strategy towards it, unfortunately, bears neither fiscal nor social morality over the people. The domino effect has started from Greece.

Hard-Up Greeks Warned: Take Care Selling The Family Jewels

Reuters | Posted 02.12.2012

ATHENS (Reuters) - Greece published guidelines on Tuesday to protect its austerity-hit citizens from being ripped off by pawn shops buying their famil...

New Greek Cabinet Takes Over

AP | ELENA BECATOROS | Posted 01.11.2012

ATHENS, Greece — Greece's new technocrat Prime Minister Lucas Papademos assumed power Friday at the helm of an interim coalition government that...

Greece Turmoil Sends Stock Market Sliding

AP | MATTHEW CRAFT and DAVID K. RANDALL | Posted 01.01.2012

NEW YORK — A wave of selling swept across Wall Street and stock markets around the world Tuesday after Greece's prime minister said he would cal...

Bonnie Kavoussi

Greek Budget Cuts Quicken Reckoning For Europe

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.21.2011

Ever since Greece began teetering toward default last year, European officials have extracted promises of budget cuts in exchange for financial relief...

Two-Day National Strike Shuts Down Greece

AP | ELENA BECATOROS | Posted 12.19.2011

ATHENS, Greece — Hundreds of youths smashed and looted stores in central Athens and clashed with riot police during a massive anti-government ra...

Greece Financial Crisis Creating Serious Health Problems

AP | By CHRISTOPHER TORCHIA | Posted 12.09.2011

ATHENS, Greece -- The Greek financial crisis has become a health hazard. Economically vulnerable Greeks are losing health care access amid dwindling ...

Greece Paralyzed: Protestors Clash With Police, Terrorist Trial Postponed

AP/The Huffington Post | Posted 12.05.2011

ATHENS, Greece (AP) -- Judicial authorities postponed a trial of eight Greek terrorist suspects until later this month, as lawyers were participating...

Soros: Europe Condemned To 'Unending Series Of Crises'

Reuters | George Soros | Posted 11.15.2011

The euro crisis is a direct consequence of the crash of 2008. When Lehman Brothers failed, the entire financial system started to collapse and had to ...

Europe, Greece Aim To Contain Fears of Imminent Crisis

AP | GEIR MOULSON and NICHOLAS PAPHITIS | Posted 11.13.2011

BERLIN — German Chancellor Angela Merkel sought Tuesday to calm market fears that Greece is heading for a chaotic default as Europe struggles to...

Amidst Financial Woes, Greece's Far Right Is On The Rise

AP | DEREK GATOPOULOS | Posted 10.01.2011

ATHENS, Greece — They descended by the hundreds – black-shirted, bat-wielding youths chasing down dark-skinned immigrants through the stre...

Greece's Credit Rating Takes Another Hit

AP | NICHOLAS PAPHITIS | Posted 09.26.2011

ATHENS, Greece — Standard and Poor's on Wednesday relegated Greek government bonds to the deeper end of junk status, cutting the debt-crippled c...

Postcard From Greece: This Should Not Be About Austerity, It's About The Future Of Democracy

Arianna Huffington | Posted 08.28.2011

Arianna Huffington

Given that the Greeks invented democracy, it's only fitting that they're now being given the chance to reinvent it. As I found out during my trip to Greece last week, those really are the stakes.

Greek Prime Minister Survives Confidence Vote In Parliament

AP | DEREK GATOPOULOS and ELENA BECATOROS | Posted 08.21.2011

ATHENS, Greece — The Greek prime minister survived a crucial confidence vote early Wednesday, keeping alive a government dedicated to averting a...

An Open Letter to the People of Greece: Restore the Drachma

Ann Pettifor | Posted 08.21.2011

Ann Pettifor

Greece's elected politicians have plunged the country into a spiral of decline. Is there anybody on earth who seriously believes that austerity will restore the prosperity of Greece? Equally ludicrous is the idea that there is no alternative.