The Goddess Forsakes Greece
Plato knew his people very well and said over two thousand years ago that mishandled democracy leads to despotism. The bridge between the two is nepotism.
Plato knew his people very well and said over two thousand years ago that mishandled democracy leads to despotism. The bridge between the two is nepotism.
The Huffington Post | Alexander Eichler | Posted 05.30.2012
IMF chief Christine Lagarde wants the people of Greece to pay their taxes. The problem? She doesn't really pay taxes herself. Last Friday, The Gua...
Arianna Huffington | Posted 05.29.2012
There's a new scarlet letter in town. Actually, it's the same letter -- "A" -- but it stands for a different word that's increasingly regarded as shameful: Austerity. The darling idea of 2010 and 2011 has become the pariah concept of 2012. And the evidence of profound change is all around, from France and Greece to Germany and -- gasp -- the Republican Party. The change, when it comes to the conventional wisdom on austerity, has come from a combination of public pressure and leadership: one pushing up from below, the other pressing down from above. None of this means that we should break out the Keynesian champagne any time soon. But it's clear the forces of austerity are in retreat. And that's a very good thing.
Richard Driver | Posted 05.29.2012
Figures from the German, French and eurozone-wide services and manufacturing sectors almost all disappointed, suggesting that the eurozone's avoidance of economic contraction in Q1 will prove temporary.
AP | DEREK GATOPOULOS and NICHOLAS PAPHITIS | Posted 05.30.2012
ATHENS, Greece — An exit from the euro would see Greeks lose more than half their annual income and prompt a dramatic rise in unemployment and i...
Ioannis Pappos | Posted 05.29.2012
By 2010, I decided to spend some time writing in Greece. I had open accounts to settle there -- family, friends, closets. What I hadn't planned though was that it's hard to settle with the already bankrupt. I landed in a suicidal country itself deeply in the closet financially, morally, even sexually.
Reuters | Posted 05.29.2012
* HFSF disburses 18 bln euros of EFSF bonds * NBG, Eurobank, Alpha, Piraeus to regain access to ECB funding By Lefteris...
Simon Johnson | Posted 05.27.2012
In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them -- and the world.
The Huffington Post | Daphne Lambadariou | Posted 05.24.2012
Tragedy struck Thursday morning in the center of Athens when a mother and son leapt to their deaths. Kathimerini newspaper reports that sixty-year-old...
The Huffington Post | Mark Gongloff | Posted 05.24.2012
Europe and Greece are at the stage in their stormy marriage where they are consulting with divorce lawyers. And we may all feel the pain of their brea...
Elizabeth Boleman-Herring | Posted 05.24.2012
Until very recently, I was one of the unemployed-no-longer-looking-for-work, but I have changed that status. I apply for positions here and there: positions that might earn me a little gas money, but certainly not pay my health insurance.
The Huffington Post | Mark Gongloff | Posted 05.24.2012
Thing One: Preparing For Divorce: Europe and Greece are at the stage in their stormy marriage where they are consulting with divorce lawyers. And we m...
Reuters | Posted 05.23.2012
* Euro zone states urged to draft plans for Greek euro exit * Instruction given in euro working group call on Monday * G...
Irene Finel-Honigman | Posted 05.22.2012
There may be a momentary pride in the drachma as a symbol of Greece standing up to Europe and reasserting its independence, but sadly neither investors nor markets are likely to share the sentiment.
Peter Alexander Meyers | Posted 05.20.2012
Greeks must decide to stay or go. Perhaps that is why it failed to come before the people. Perhaps that is why, when on May 6 the election was played out in a way that minimized the literal and more important question -- "Do you want to adopt the new agreement?" -- it failed again.
AP | DEREK GATOPOULOS | Posted 05.20.2012
ATHENS, Greece -- Like many Greeks left unemployed by their country's economic tailspin, Dimitris Spachos finds it easier to talk about his nation's p...
Eric Margolis | Posted 05.18.2012
What would happen to Greece if it quit the euro? Financial chaos, capital flight, riots and bank failures... maybe. But after the apocalypse, Greece would eventually revert to its 1960's status: a poor but proud nation living off tourism, shipping, agriculture and fishing.
Reuters | Posted 05.19.2012
* Greece says Merkel, Papoulias discussed referendum * German spokesman denies Merkel proposed idea * Greek parties angr...
AP | NICHOLAS PAPHITIS | Posted 05.18.2012
ATHENS, Greece — Germany's chancellor apparently waded into Greece's choppy political waters on Friday, when Athens said Angela Merkel suggested...
Posted 05.17.2012
The causes of the economic crisis in Greece may not be as simple as you think. In a new video from the Harvard Kennedy School, lecturer Richard Par...
Yanis Varoufakis | Posted 05.17.2012
I shall concede all you want me to concede about my fellow Greeks on condition that you give me a plausible answer to a simple question: What on earth is Europe doing to Spain as part of this Grand Plan?
Apostolos Doxiadis | Posted 05.17.2012
They sought, and won, political profit by playing on people's grievances: resentment, fear and a chauvinistic, xenophobic nationalism -- and it is not just the extreme right that built its campaign on the latter, but also the radical left. To balance these, they gave only unrealizable utopian promises.
Reuters | Posted 05.17.2012
FRANKFURT, May 16 (Reuters) - The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfu...
The Huffington Post | Mark Gongloff | Posted 05.16.2012
Thing One: Greeks Walk, Don't Run, From Banks: It's not exactly a panic or a full-blown bank run yet, but it looks like Greece is starting to speed-wa...
AP | NICHOLAS PAPHITIS | Posted 05.15.2012
ATHENS, Greece — Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in de...
Anthony Strano | Posted 05.30.2012