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Greek Banks

How Bad Was The Run On Greek Banks?

HuffPost Greece | Charlotte Alfred | Posted 07.21.2015 | World

The amount of money withdrawn from Greek banks last month was unprecedented, according to Greece's central bank. The Bank of Greece said Monday that t...

Greek Crisis: Only the Beginning

Daniel Speckhard | Posted 07.09.2016 | 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.

Can the Eurozone Withstand a Grexit?

Antonio Roldán Monés | Posted 07.06.2016 | World
Antonio Roldán Monés

Although the eurozone is better equipped than it was in the past, it is still a highly imperfect monetary union. In fact, if Greece exits, new vulnerabilities will emerge, and there is no certainty other weak southern periphery economies will actually be protected. This may add to the many reasons for the two parties to reach an agreement this week, allowing Greece to remain in the eurozone. The alternative could be the beginning of the end of the euro.

Greeks' Decisive No Vote Leaves Europe With 2 Options: Forgive Some Debt or, Worse, Face a Grexit

Karl Whelan | Posted 07.06.2016 | World
Karl Whelan

DUBLIN -- The decisive nature of the No vote should persuade European leaders to set aside their hopes of forcing regime change and to focus their minds on the practical implications of a Grexit. They need to acknowledge something that is widely accepted: that Greece cannot pay back all of the money loaned by Europe. Pushing Greece towards a euro exit  is probably the strategy that will ultimately minimize the return of money to the creditors.

Why Congress Holding the IMF Accountable for Failed Policies in Greece Could Actually Make a Difference

Mark Weisbrot | Posted 07.02.2016 | World
Mark Weisbrot

Unlike many letters from Congress that are ignored by the executive branch, this one might be taken more seriously by the IMF and the U.S. Treasury department -- which is the IMF's most powerful overseer. One reason is that the IMF has been trying for five years to enact reforms in its governance structure that are very important to the Fund and Treasury -- reforms that can't be enacted unless they are approved by Congress.

The Last Mohican: Were The Greek Elders Correct?

Desiree Michael | Posted 06.29.2016 | Politics
Desiree Michael

A little over twenty-five years ago I made my first trek to Greece and Cyprus. One of the things I recall younger Greeks criticizing their elders for was their lacking of belief in the newly introduced 'every-man's' banking system.

Argentina Shows Greece There May Be Life After Default

Joseph E. Stiglitz | Posted 06.30.2016 | World
Joseph E. Stiglitz

Defaults are difficult. But even more so is austerity. The good news for Greece is that, as Argentina showed, there may be life after debt and default.

Europe's Attack on Greek Democracy

Joseph E. Stiglitz | Posted 06.29.2016 | World
Joseph E. Stiglitz

European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.

The Incompetent Greek Government, Not Its Creditors, Pushed the Economy off the Cliff

Pierpaolo Barbieri | Posted 06.29.2016 | World
Pierpaolo Barbieri

BUENOS AIRES -- Athens in 2015 will become like Buenos Aires in 2001. Greeks now face the prospect of prolonged capital controls, severe political unrest and eventually a confiscation of ordinary citizens' savings to finance a government's withdrawal from the world.

Greece Will Close Banks Amid Fear Of Financial Collapse

The Huffington Post | Nick Robins-Early | Posted 06.28.2015 | World

Greek Prime Minister Alexis Tsipras announced on Sunday that the nation's banks and stock market would be closed on Monday amid fears of financial col...

Over A Third Of Greek ATMs Run Out Of Cash

Reuters | Posted 06.27.2015 | World

By George Georgiopoulos and Lefteris Papadimas ATHENS, June 27 (Reuters) - More than a third of automated teller machines across Greece ran out of ...

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.

Greek Journalists Return To Work Unpaid For What May Be Paper's Last Edition

guardian.co.uk | Posted 08.12.2012 | Media

Eleftherotypia was Greece's second-biggest newspaper, a centre-left daily with a proud tradition of independent reporting and opinion. Founded after t...

Greece Gives Banks Billions Amid Exit Panic

Reuters | Posted 07.28.2012 | Business

* HFSF disburses 18 bln euros of EFSF bonds * NBG, Eurobank, Alpha, Piraeus to regain access to ECB funding By Lefteris...

Major Partner Cuts Off Operations With Some Greek Banks

Reuters | Posted 07.16.2012 | Business

FRANKFURT, May 16 (Reuters) - The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfu...