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Greek Debt Crisis

Greece Needs To Keep Slashing Its Budget

Reuters | Posted 05.13.2012 | Business

By Jan Strupczewski BRUSSELS, March 13 (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2...

Greek Official: 'The Economy Is Sinking And Everyone Is Too Scared'

Reuters | Posted 05.10.2012 | Business

* EIB reluctant, row with the EU Commission over the funds * Channelling the funds via local banks could be a solution A...

Greece Out of Default Emergency Room, But Far From Being Cured

Georges Ugeux | Posted 05.09.2012 | Business
Georges Ugeux

Do Greek authorities understand that, unless they play by the rules and restore their fiscal discipline, there will soon be another default... and no bailout? Nothing is less sure. This is not a few bad years; it is a different way to manage a country.

Another Reason Why The Greek Debt Stand Off May Be Heating Up

Reuters | Posted 05.08.2012 | Business

By Sarah White and Tommy Wilkes LONDON, March 8 (Reuters) - Some hedge funds have found a legal loophole they believe will force Greec...

The Humiliating Cost of Progress in Greece

Thanos Dimadis | Posted 05.08.2012 | World
Thanos Dimadis

The Greek people should be afforded the security of knowing whether their country is on a steady path towards economic recovery. Nevertheless, no one is able to assure Greeks the crisis is averted.

Laid-Off Factory Worker In Greece Shoots His Former Boss

Reuters | Posted 05.04.2012 | Business

By Renee Maltezou and Deepa Babington KOMOTINI, Greece, March 4 (Reuters) - After more than 30 years as a factory worker, Dimitris Man...

Greece Hits New Low

Reuters | Posted 05.02.2012 | Business

NEW YORK, March 2 (Reuters) - Moody's Investors Service on Friday cut Greece's sovereign debt rating to the lowest possible level af...

Hey Greece, Forget The EU, The Internet Is Coming To Your Rescue

The Huffington Post | Bonnie Kavoussi | Posted 03.02.2012 | Business

Greek protesters, European finance ministers, and central bankers: you can go back home now. Financial markets, rest easy. Greece has been saved. Sort...

Surprise! S&P Downgrades Greece

AP | Posted 02.28.2012 | Business

WASHINGTON -- Standard & Poor's has downgraded Greece's credit rating to "selective default" because of steps the country took last week to force its ...

What's Next?

Elena Panaritis | Posted 04.28.2012 | World
Elena Panaritis

Greece must embrace a holistic approach to reforms that would be guided by an overall reduction of transaction costs, concentrating in simplifying processes. Simplification would be the best start.

Big Bank Chief: Europe 'In The Worst Economic Crisis Since 1929'

Reuters | Posted 04.24.2012 | Business

* Credit Agricole makes record quarterly loss of 3.07 bln euros * RBS makes Q4 loss of nearly 2 bln pounds * Dexia says...

Five Problems With The Greek Debt Deal

The Huffington Post | Mark Gongloff | Posted 02.21.2012 | Business

There are only three greater sources of confusion in the world than what's going on in Greece, and they are all found in quantum physics, David Lynch ...

Think the Problems in Europe Are Over? Think Again

John R. Talbott | Posted 04.22.2012 | Business
John R. Talbott

The Europeans are taking a page from Hank Paulson's book, who claimed that if you had a big enough bazooka, you probably would never have to use it. But, the European bazooka looks more like a pop-gun when you look at the magnitude of the potential problems there.

The President's 2013 Budget Shifts the Focus to Growing the Economy and the Middle Class

Pearl Korn | Posted 04.18.2012 | Politics
Pearl Korn

Of course, Boehner and McConnell and their cronies are already crying "foul" that the budget is all election year pandering by the president without a snowball's chance of being passed, since not enough is being offered to reduce the deficit. All smoke and mirrors and accounting tricks is their numbing refrain.

Official: Allowing Greek Default Would Be 'Totally Irresponsible'

AP | GABRIELE STEINHAUSER and ANGELA CHARLTON | Posted 04.18.2012 | Business

BRUSSELS — Greece's hopes to finally get its bailout and dodge default next month were boosted Friday, when key European leaders, including Germ...

Greece, Germany and the Eurozone Sovereign Debt Crisis

Sheldon Filger | Posted 04.17.2012 | Business
Sheldon Filger

The concept that a common currency can be used by 16 nations with vastly different economic and fiscal policies was sheer folly. The current Eurozone debt crisis is not only an acute economic and debt crisis. It is also political farce, with a heavy dose of irony.

Food Aid Takes Off in Athens

Diana Farr Louis | Posted 04.16.2012 | Home
Diana Farr Louis

Last May a young woman had an idea that sent her to her computer. Why not create a network linking organizations that need food with those that have too much: bakeries, tavernas, hotels, fast food chains... ?

The Human Costs Of Austerity: Greek Woman Threatened To Kill Herself

The Huffington Post | Bonnie Kavoussi | Posted 02.15.2012 | Business

Greek austerity measures, the necessary price of a European Union bailout, have already taken a toll on the lives of the debt-ridden country's populat...

The World's Most Indebted Countries

24/7 Wall St. | Michael Sauter, Charles Stockdale, Ashley Allen | Posted 02.15.2012 | Business

From 24/7 Wall St.: The Greek government on Sunday agreed to drastic austerity measures in the hopes of securing a 130 billion euro bailout from inter...

Greece Told To Keep On Slashing

AP | By JUERGEN BAETZ | Posted 02.14.2012 | Business

BERLIN -- A new document from Greece's international creditors spells out what further austerity measures they expect Athens to implement to receive f...

What Is Really Happening in Athens

Bernard-Henri Lévy | Posted 04.14.2012 | World
Bernard-Henri Lévy

In an affair like this one, which is political as much as economic, and where the highly inflammable matter being toyed with is a people, their pride, their memory, their revolt, their survival, one would like to have seen things handled more deftly.

Greek Protests Continue As Lawmakers Debate Severe Austerity Measures

AP | By NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 04.13.2012 | Business

ATHENS, Greece -- Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from ...

Greece Nears Bailout Deal To Stave Off Disaster

AP | DEMETRIS NELLAS | Posted 04.12.2012 | Business

ATHENS, Greece — Warning of a "catastrophe" that would leave Greeks subsisting on food stamps and the country wallowing in bankruptcy, Greek lea...

Mark Gongloff

Greece Is Blowing Up The Stock Market Today | Mark Gongloff | Posted 02.10.2012 | Business

The U.S. stock market could be on track for its worst day of the year Friday because of turmoil in Greece. Protesters are rioting in the streets of...

A Modern Greek Tragedy

George Kenney | Posted 04.10.2012 | World
George Kenney

The fault accrues much more to Eurozone authorities than to Greece because, politically, the Europeans have long dodged the critical fact that their limited currency union is unworkable.