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Greek Debt Crisis

The German Menace

Robert Kuttner | Posted 08.02.2015 | Politics
Robert Kuttner

The EU was created to expand democracy, boost economic growth, and contain Germany within a democratic whole. Instead, it is destroying democracy, crushing growth, and leaving Germany's most churlish impulses to rule Europe. Before it is over, one of history's noblest experiments in enlightened statecraft could end in ruins.

Puerto Rico's Symbolic Power

Maritza Stanchich, Ph.D. | Posted 08.01.2015 | Politics
Maritza Stanchich, Ph.D.

Given Puerto Rico's heightened media visibility, no doubt the world now has its eyes on how the United States will respond to the needs of the island, one of the last colonies in the world.

Greece Hit By Spike In Burglaries And Robberies

The New York Times | Adam Goldberg | Posted 07.31.2015 | World

ATHENS — One evening three weeks ago in Kifissia, an affluent garden suburb of Athens, a retired financial adviser and his wife decided to take ...

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.

The Greek Komboloi: Through Generations and Even a Debt Crisis Too

Effie Xistris | Posted 07.28.2015 | Travel
Effie Xistris

If you look closely enough from the street corners in Athens and Salonika to the tavernas on the Greek islands' horia, you will certainly see one thing the same as your last trip to Greece.

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.

Germany, Greece, and the Future of Europe

Jeffrey Sachs | Posted 07.28.2015 | World
Jeffrey Sachs

Year after year, Greece's creditors have promised that the bailout packages would bring about a meaningful rebound in output, employment, and exports. Instead, the country has experienced a depression comparable to the decline in output and employment that Germany suffered from 1930 to 1932.

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.

A Dispatch From Athens

OpedSpace | Posted 07.27.2015 | Politics
OpedSpace

For the past two weeks Greece has entered the climax of the Comedy of Errors - that is its six-year-old economic crisis. Banks have closed, referendums called, rallies and counter-rallies have been held, society divided and tales of conspiracies and Armageddon have become commonplace.

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.

Anti-Austerity Protesters Massed Outside Greek Parliament Before Vote

The Huffington Post | Nick Robins-Early | Posted 07.22.2015 | World

As Greek lawmakers gathered Wednesday to vote on a bill that would institute more economic reforms demanded by the nation's creditors, crowd...

The Mystery Of Greek Prime Minister Alexis Tsipras' Popularity

The Huffington Post | Daniel Marans | Posted 07.27.2015 | World

Greek prime minister Alexis Tsipras may have lost at the negotiating table with Greece’s eurozone creditors, but in a development that has pundi...

Greece Submits Bill Needed To Start Bailout Rescue Talks

Reuters | Nick Robins-Early | Posted 07.21.2015 | World

ATHENS, July 21 (Reuters) - Greece should wrap up bailout talks with international lenders by August 20, once parliament approves the second package o...

Germany, Greece and the New World Order

Thea Halo | Posted 07.21.2015 | World
Thea Halo

Germany's disregard for Greek lives didn't begin during WWII. It can also be traced back to WWI. For Germany, any policy that advanced its economic or commercial interests, no matter how horrendous and inhumane was and, apparently, still is acceptable.

Goldman's Greek and Malaysian Deals

Nancy K. Humphreys | Posted 07.20.2015 | World
Nancy K. Humphreys

If you haven't read Robert Reich's explanation in the July issue of The Nation of how Goldman Sachs engineered Greece's downfall you really ought to take a look. And please note this isn't the only country in the world in which Goldman Sachs has become a persona non grata.

Ben Bernanke Criticizes Europe Over Greek Debt Crisis

The Huffington Post | Daniel Marans | Posted 07.20.2015 | Business

Former Federal Reserve Chair Ben Bernanke said Friday that the “failure of European economic policy” played a significant role in the Gre...

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.

How Goldman Sachs Profited from the Greek Debt Crisis

Robert Reich | Posted 07.17.2015 | Business
Robert Reich

The Greek debt crisis offers another illustration of Wall Street's powers of persuasion and predation, although the Street is missing from most accounts. The crisis was exacerbated years ago by a deal with Goldman Sachs, engineered by Goldman's current CEO, Lloyd Blankfein.

Thankfully, We Voted 'No'!

Pavlos Tsimas | Posted 07.17.2015 | World
Pavlos Tsimas

Now that a cycle has run its course and it feels like a whole century has passed since the Sunday of the referendum, I dare ask the sacrilegious question: What would have possibly happened had we voted "YES"?

To Rescue Greece, Invest in Skills and Small Business

Sabina Dewan | Posted 07.16.2015 | World
Sabina Dewan

If Greece's creditors seek to help the country eventually stand on its own two feet, it should provide the debt relief that could make Greek products more competitive internationally. Supporting businesses is one side of the equation. The other part is investing in human capital.

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.

Greece -- Capitalism's Latest War on Democracy

Alexandros Orphanides | Posted 07.16.2015 | World
Alexandros Orphanides

Faced with continued despair, the people in Greece will continue to do as people have done all over the world when faced with such inhumane treatment: they will live, they will organize, they will protest, they will survive and carry the burden of humanity.

Debt and Austerity in Greece, Puerto Rico, Detroit: The Bankers Are in Charge

Richard Brodsky | Posted 07.16.2015 | Politics
Richard Brodsky

There's a lot of unrepayable municipal and private debt out there, and there will be more Detroits and Puerto Ricos to reckon with. We have to face up to a miserable dilemma: Who suffers when governments can't repay the money they borrowed?

The First Step Towards A New Greece: Recourse to the People

Peter Alexander Meyers | Posted 07.15.2015 | Politics
Peter Alexander Meyers

In the image and reality of democracy some recourse to the people is essential. It must involve rich and directly effective activity by citizens and transparent inspiration by leaders.

Greece Is in a Literal State of Unrest, and the Future Looks Bleak

Van Winkle's | Posted 07.15.2015 | World
Van Winkle's

When an economy tanks, the public panics about general instability and possible layoffs. People who report feeling insecure about their job prospects, research has shown, also report worse psychological well-being.