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Greek Bailout

Greece Has a Deal ... of Sorts

David C. Wittig | Posted 06.02.2016 | World
David C. Wittig

Greece finally passed its long awaited package of reforms, which follows the usual pattern. The Parliament was all too happy to raise taxes and social security contributions, but pension reform and the sale of NPLs is much less clear.

5 Greeks Detail The Biting Cost Of Austerity

HuffPost Greece | Sara Elkamel | Posted 05.27.2016 | World

Greece’s parliament this month passed yet another round of austerity measures deemed necessary for it to continue receiving international bailout fu...

There Is No Settlement -- Part ?

David C. Wittig | Posted 05.04.2016 | World
David C. Wittig

There was no settlement between the EU and Greece before Greek Easter as promised. I wonder how many more times that headline will appear.

What Democracy Really Means, According To One Of Its Most Outspoken Champions

The Huffington Post | Daniel Marans | Posted 04.30.2016 | World

WASHINGTON -- When Greece’s European creditors cut off emergency assistance to the beleaguered country’s banks last summer, bringing its financial...

In Greece, Constitutional Changes Without Constitutional Revision

Antonis Manitakis | Posted 03.14.2016 | World
Antonis Manitakis

Let us not use the Constitution and its revision as an alibi for political power to conceal its inability to tackle a political problem on political terms. And it is sad to see constitutional changes being used as a firework.

The Debate on Greek Public Debt

Gikas Hardouvelis | Posted 02.29.2016 | World
Gikas Hardouvelis

While debt relief would be very welcome by the Greeks, it does not have priority when compared to the need for structural reforms and for a well functioning business environment.

An Optimist Sees Opportunity

David C. Wittig | Posted 01.24.2016 | World
David C. Wittig

Each New Year seems to bring about a renewed optimism (unfortunately that optimism has already disappeared on Wall Street). Even I am beginning 2016 with the Greece glass half full. The weather is beautiful.

You Can't Argue With a Sick Mind ...

David C. Wittig | Posted 12.29.2015 | World
David C. Wittig

To understand what is going on in Greece, imagine Bernie Sanders fighting to pass a significant reduction in social security payments in the U.S. in order to continue to prop up a host of insolvent banks.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

If Greece continues to refuse to deal with the NPL problem, it is only a matter of time before the Europeans simply cut the Greeks off completely.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

Question ... "When is the tipping point?" Do you recognize it before it happens or only after? Has Greece already tipped over? The current governme...

Greece Votes For Its Next Prime Minister (PHOTOS)

The Huffington Post | Lydia Oconnor | Posted 09.20.2015 | World

For the third time this year, Greek citizens cast ballots in a national vote on Sunday. An early vote count showed former Prime Minister Alexis Tsipr...

The Viability of the Greek Debt: Feeding the Minotaur

Constantine Tzanos | Posted 09.02.2015 | World
Constantine Tzanos

How it can be demanded to prepay taxes on income that has not materialized, and especially in an environment of economic depression which makes this materialization questionable and the demand by itself contributes further to the depression?

Greece Nears Election As Far-Left Leader Gives Up Coalition Bid

Reuters | Nick Robins-Early | Posted 08.28.2015 | World

ATHENS, Aug 27 (Reuters) -- Greece's top Supreme Court judge was sworn in as caretaker prime minister on Thursday to lead the country to elections nex...

Syriza Rebels Split From Tsipras As Greece Heads To New Election

Reuters | Charlotte Alfred | Posted 08.21.2015 | World

ATHENS, Aug 21 (Reuters) -- Rebels angered by Greece's international bailout walked out of the leftist Syriza party on Friday, formalizing a widely-ex...

Greek PM Tsipras Resigns, Calls Early Elections

Reuters | Nick Robins-Early | Posted 08.21.2015 | World

ATHENS, Aug 20 (Reuters) -- Prime Minister Alexis Tsipras resigned on Thursday, hoping to strengthen his hold on power in snap elections after seven m...

Germany's Merkel To Face Down Party Rebels In Greek Bailout Vote

Reuters | Charlotte Alfred | Posted 08.15.2015 | World

BERLIN, Aug 15 (Reuters) - In a major test of her authority, Chancellor Angela Merkel will ask skeptical German lawmakers to back an 86 billion euro (...

Greek Teens React to Crisis: Part 2

Sophia Armenakas | Posted 07.30.2015 | Teen
Sophia Armenakas

The Greek debt crisis reached fever pitch as the EU implemented a new series of austerity measures.

Greek Teens React to Crisis: Part 1

Sophia Armenakas | Posted 07.28.2015 | Teen
Sophia Armenakas

In the midst of Greece's economic turmoil teens are growing up faster and forming their own political opinions.

How to Repair Europe by Leveraging German Overreach

Nathan Gardels | Posted 07.28.2015 | World
Nathan Gardels

CORFU, Greece -- The opportunity now is to leverage German overreach against itself, like in judo, to flip the agenda of building Europe's future toward a broader approach beyond sovereign debt and the euro.

Greek Bailout Talks Delayed Once Again, Official Says

Reuters | Nick Robins-Early | Posted 07.25.2015 | World

ATHENS, July 25 (Reuters) - Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days becaus...

A Death in Brussels

Michael Brenner | Posted 07.23.2016 | World
Michael Brenner

Let's tell it straight: "Europe" committed suicide last weekend in Brussels. It was an assisted suicide. The IMF wrote the original story line and set the scene; the European Central Bank provided the revolver and ammunition; while Germany unrelentingly urged that the suicide was a necessary act of moral redemption that was imperative to save the EU from eternal damnation.

Dear Greek Children: I'm Sorry for the Smouldering Garbage Heap We've Left You

Diane Kochilas | Posted 07.17.2016 | World
Diane Kochilas

I simply want to tell you the naked truth as I see it. The truth is always radical. After that, I can only hope you will summon the courage to step over the smoldering garbage heap we've left for you to clean up, to forgive us, and to get on with the job.

Greece at Point Zero. Night of Decision in Parliament -- Night of Protests on the Streets

Margarita Mavromichalis | Posted 07.16.2016 | World
Margarita Mavromichalis

Last night in Athens was marked with heated conversations in the parliament as the government was pressed to get the new measures passed to secure Greece's place within the Eurozone.

The Greek Agreement Is Full of Loopholes, Coercive and Amounts to $ 100 billion

Georges Ugeux | Posted 07.13.2016 | World
Georges Ugeux

It might not be as easy as it looks. I am expecting a serious fight at the Bundestag, the German Parliament. As for the Greek Parliament, will it indeed change the procedural code by July 22, approve the various changes of VAT and others?

Politics on Terrorizing Citizens

Christos Terzides | Posted 07.10.2016 | Politics
Christos Terzides

It's clear that we're living in an era where politics has failed and, like politicians, has become remote from the ordinary European citizen.