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Greek Debt Crisis

From Ireland to Greece: Tragedy and Renewal in the Eurozone Crisis

Sean Kay | Posted 09.05.2012 | World
Sean Kay

What struck me most in talking to people in Athens and other parts of Greece was how common the refrains were from my visits to Ireland. People in both countries want the world to know the pain they are feeling.

Greek PM: 'We Want To Fight The Recession'

Reuters | Posted 09.05.2012 | Business

* Greek PM Samaras says want to renegotiate bailout policies * Says that does not mean to change fiscal targets but more time needed ...

Greece To Use 'Alarming' Data In Bid To Renegotiate Bailout

AP | DEREK GATOPOULOS | Posted 09.02.2012 | Business

ATHENS, Greece (AP) — Greece's new government will present "alarming" data on its recession and unemployment to international debt inspectors this w...

My Long-Overdue Love Letter to Leonard Cohen

Elizabeth Boleman-Herring | Posted 09.01.2012 | Entertainment
Elizabeth Boleman-Herring

It is now 2012, and Leonard Cohen is yet again going out on tour. I have not again seen him since that last day, in 1988, in Athens, but I know he remains very much the same man I met, and hung out with, for three days so very long ago, when we were both so very much younger.

Greece Sells Islands, Highways, Planes In Fire Sale To Pay Down Debt

The Huffington Post | James Sunshine | Posted 06.21.2012 | Business

When governments announce that the sale of assets, they usually mean industries and companies owned and operated by the state. Greece has something sl...

Greece Likely To Have Coalition By Wednesday

AP | ELENA BECATOROS and NICHOLAS PAPHITIS | Posted 08.19.2012 | World

ATHENS, Greece — A coalition government could be formed by mid-Wednesday in Greece, the head of the country's socialist party said Tuesday, easi...

The Day That Greece Rescued Europe

Montserrat Domínguez | Posted 08.19.2012 | World
Montserrat Domínguez

The Greeks have deactivated the switch that threatened to blow Europe sky high. Antonis Samaras's New Democracy party victory in Greece does not in and of itself solve Athens' problems, nor those plaguing the rest of Europe's capitals. The boxer is still on the ropes, but the bell has been rung, ending the round; and that gives Europe time to recover, though it will have to keep fighting. In addition this week, if seen as part and parcel to what happened in Greece, the result of France's legislative elections and the majority that President Hollande now boasts both act as a serious warning to Angela Merkel in Germany. The message is clear: we are willing to go forward, but the pernicious austerity strategy that is pushing us into the abyss must be reconsidered.

Greek Respite Leaves Euro Problems Unchanged

Theresa Bradley | Posted 06.19.2012 | World
Theresa Bradley

For European leaders, the central challenge is bigger, and has been mounting for years: How to stabilize a single monetary union that allows for 17 different fiscal policies

EU Official: Greek Bailout Terms To Be Changed As Old Agreement Becomes 'Illusion'

AP | SARAH DiLORENZO | Posted 08.19.2012 | Business

BRUSSELS (AP) — European leaders are locked in a fierce debate over how to solve the debt crisis that is killing off growth on the continent, includ...

Expect Little Change in Greece

Daniel Wagner | Posted 08.18.2012 | World
Daniel Wagner

It will surely be a torrid summer of uncertainty and speculation. With Spain receiving bailout funds and Cyprus and Italy next in line, the question of whether the avoidance of a Greek exit was even relevant in the longer term has yet to be determined.

Time to Put Finance Back in Its Cage

Robert Kuttner | Posted 08.17.2012 | Business
Robert Kuttner

It's not that economies are too slow to appease markets. It's that the markets have too much power to destroy economies. Let's not forget -- this entire crisis was caused because markets mispriced risk.

Chaos, Hypocrisy and the Greek Elections

Michael Nevradakis | Posted 08.17.2012 | World
Michael Nevradakis

Greek voters are tired of the scaremongering, tired of being portrayed as the poster-child for the ills of Europe and tired of the broken promises made by the "major" parties.

The Unmotivated Electorate

Michael Radou Moussou | Posted 08.16.2012 | World
Michael Radou Moussou

The general election of June 17 is like no other election in the history of our country, and no candidate seems to be addressing the one ingredient that could make a great difference: the sense of honor deeply engrained in every Greek.

Three Big Questions for the Greek Elections

Mohamed A. El-Erian | Posted 08.16.2012 | Business
Mohamed A. El-Erian

Whichever way you look at it, Sunday's election in Greece entails major uncertainties. What is clear is that, by itself, the outcome is very unlikely to immediately end turmoil and uncertainty. Indeed, even a simplified analysis entails many permutations and combinations.

Greek Politicians Make Final Appeals

Posted 06.16.2012 | World

As the Greek election campaign drew to a close late Friday night, party leaders took to rallies around the country to address their supporters and try...

World Anxiously Awaits Greek Vote

AP | CHRISTOPHER TORCHIA | Posted 08.16.2012 | World

ATHENS, Greece — Elections are supposed to determine the will of the people, to set a nation on a new course with a government that enjoys the m...

Greece Elections Pose A Crucial Dilemma

AP | The Associated Press | Posted 06.15.2012 | World

-- Greeks will have to wrestle with a crucial dilemma when they go to the polls for the second time in as many months on June 17 to elect a new gover...

Euro 'Is A Bloody Doomsday Machine'

AP | MATTHEW CRAFT | Posted 08.15.2012 | Business

NEW YORK — The unthinkable suddenly looks possible. Bankers, governments and investors are preparing for Greece to stop using the euro as its c...

The Euro Exit

Tom Cooley | Posted 08.14.2012 | World
Tom Cooley

EMU leaders are running out of time in their efforts to save the euro. Only decisive action can work -- and there still would be no guarantee of success. In the United States, it took a Civil War to settle that monetary union once and for all.

Some Greek Employees Work Without Getting Paid

The Huffington Post | Bonnie Kavoussi | Posted 06.14.2012 | Business

A growing number of Greek workers are facing a stark choice: Work for no pay, or risk never getting paid again. An increasing number of Greek compa...

Greeks Withdrawing Cash, Stocking Up On Food Ahead Of Election

Reuters | Posted 08.13.2012 | Business

* Greeks withdraw cash from banks ahead of election * Stocking cupboards with food * Polls fan fears of return to the dr...

A Greek Fable, Part Two: Papandreou's Missed Opportunity

Peter Alexander Meyers | Posted 08.12.2012 | World
Peter Alexander Meyers

"Today debt and corruption are joined like body and soul, two parts of one whole problem, and, as Plato taught us so long ago, we shall suffer without end if we cannot patch the leaky vessel of unchecked desire."

A Greek Fable, Part One: The Globalization of Opportunism

Peter Alexander Meyers | Posted 08.12.2012 | World
Peter Alexander Meyers

What really will raise resistance in the centers of financial and despotic power around the world is this civic impulse.

Which Road for Europe?

Robert Kuttner | Posted 08.11.2012 | Business
Robert Kuttner

Angela Merkel's increasing isolation among European leaders should increase the chances that the austerity mongers may yet relent. But Merkel, thus far, shows no sign of moderating her stance.

Why No One Is Hanging Out At The Parthenon

Reuters | Posted 08.06.2012 | Business

* Crisis, euro exit talk scares tourists off * Prices are cut to win last-minute arrivals * Double-digit drop in 2012 to...