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Greek Bailout

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 ele...

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...

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 aft...

Greece Receives First Bailout Loans And Avoids Default

AP | Charlotte Alfred | Posted 08.20.2015 | World

ATHENS, Greece (AP) -- Greece received the first 13 billion euros ($14.5 billion) from its new bailout package on Thursday, allowing it to pay a debt...

Greece Set To Receive Bailout Funds Before Debt Deadline

AP | Charlotte Alfred | Posted 08.19.2015 | World

BERLIN (AP) -- European bailout fund supervisors on Wednesday approved the release of billions of euros to help rebuild Greece's devastated ...

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 Lawmakers Approve Bailout Despite Syriza Rebellion

AP | Charlotte Alfred | Posted 08.14.2015 | World

ATHENS, Greece (AP) -- Greek lawmakers approved their country's draft third bailout on Friday after a nearly 24-hour marathon parliamentary procedure...

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 becau...

A Death in Brussels

Michael Brenner | Posted 07.23.2015 | 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.

Greek Bailout Vote To Test Syriza Party Rebellion

AP | Charlotte Alfred | Posted 07.23.2015 | World

ATHENS, Greece (AP) -- Greek lawmakers launched a late-night debate Wednesday on further reforms demanded by international creditors in retu...

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

Diane Kochilas | Posted 07.17.2015 | 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.

German Parliament Approves Plan For New Greek Bailout

AP | Charlotte Alfred | Posted 07.17.2015 | World

ATHENS, Greece (AP) — The bailout of Greece cleared some further key hurdles Friday after German lawmakers overwhelmingly gave their backing to...

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

Margarita Mavromichalis | Posted 07.16.2015 | 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 07.13.2015 | 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 07.13.2015 | 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.

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.

Greek Crisis: Only the Beginning

Daniel Speckhard | Posted 07.09.2015 | World
Daniel Speckhard

While we all watch with shock as Greece goes into an economic death spiral, much bigger waters are stirring with long term consequences for all of us.

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...

Jamie Galbraith: The Greek Revolt Threatens European Elites

Lynn Parramore | Posted 07.09.2015 | Politics
Lynn Parramore

Here Galbraith discusses the last week's dramatic turn of events and what is at stake going forward as the austerity doctrine -- and the entire neoliberal project -- come under threat.

For a Fistful of Euros...

Nicos E. Devletoglou | Posted 07.08.2015 | World
Nicos E. Devletoglou

Regardless of political affiliations, the Greek people have now formally registered their protest. At the same time, they accept the Greek government's commitment of defending the integrity of their country as a full member of the eurozone.

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...

A Corpse Can't Carry Out Reform in Greece. Here's What Can.

Jeffrey Sachs | Posted 07.06.2015 | World
Jeffrey Sachs

QUITO -- No country -- including Greece -- should expect to be offered debt relief on a silver platter; relief must be earned and justified by real reforms that restore growth, to the benefit of both debtor and creditor. And yet, a corpse cannot carry out reforms. That is why debt relief and reforms must be offered together, not reforms "first" with some vague promises that debt relief will come in some unspecified amount at some unspecified time in the future (as some in Europe have said to Greece).