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Greek Default

The Greek Default Will Be Soon... Drachma Here We Come

Richard Finger | Posted 04.27.2015 | World
Richard Finger

Greece will reintroduce the Drachma, which, I predict, will initially devalue at least 30 or 40 percent versus the Euro. Unfortunately, Greece imports are nearly twice their exports ($60 billion to $33 billion).

Ryan Grim

Greek Finance Minister Hints At Debt Default | Ryan Grim | Posted 04.16.2015 | Politics

WASHINGTON -- If hard-line backers of austerity in Europe don't budge, Greece will have no choice but to default on its upcoming debt payments, Greek ...

Greece's Controlled Demolition

The Huffington Post | Mark Gongloff | Posted 03.09.2012 | Business

Food critic extraordinaire Marilyn Hagerty has dozens of facts in her must-read review of the Grand Forks Olive Garden, but you only need to know seve...

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...

Confidential Note Details Staggering Costs Of Messed-Up Greek Default

Reuters | Posted 05.05.2012 | Business

By Alex Chambers LONDON, March 6 (Reuters) - A disorderly default in Greece would likely necessitate outside support for Spain and It...

How Greece Could Take Down Wall Street

Ellen Brown | Posted 04.22.2012 | Business
Ellen Brown

A definitive Greek default is thought by some analysts to be quite likely, and to be coming soon.

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...

IMF Chief Economist: Greece Haircut Will Be 'Very Large'

Reuters | Posted 04.07.2012 | Business

WASHINGTON, Feb 6 (Reuters) - The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be...

Eurozone Finance Ministers Reject Greek Debt Deal, As Default Threat Looms

Reuters | Posted 03.24.2012 | Business

* Euro zone ministers to discuss debt swap, 2nd bailout * Private sector negotiators say have made their best offer * IM...

Greek Prime Minister Faces Critical Confidence Vote

AP | DEREK GATOPOULOS | Posted 01.04.2012 | Business

By DEREK GATOPOULOS, The Associated Press ATHENS, Greece (AP) -- Greece's prime minister has survived a confidence vote in parliament, calming a re...

Bonnie Kavoussi

Greece Risks Meltdown After Bailout Vote Bombshell | Bonnie Kavoussi | Posted 01.01.2012 | Business

A high-risk gamble by the Greek government may threaten Greece's financial survival and the cohesion of the euro zone. Greek Prime Minister George ...

Follow the Money: Behind Europe's Debt Crisis Lurks Another Giant Bailout of Wall Street

Robert Reich | Posted 12.05.2011 | Business
Robert Reich

If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.

France, Belgium Fight To Save Financial Institution From Collapse

AP | RAF CASERT and SARAH DiLORENZO | Posted 12.04.2011 | Business

BRUSSELS — France and Belgium were fighting late Tuesday to prevent the bank Dexia from going under as investors grew increasingly worried over ...

Greece Under Greater Pressure As Finance Ministers Delay Aid Payment

Posted 12.04.2011 | Business

(Annika Breidthardt and John O'Donnell) - European finance ministers are considering making banks take bigger losses on Greek debt and have postpo...

Greece: European Leaders Set To Give Financial Rescue Fund New Powers

Posted 09.20.2011 | Business

Update: European leaders have agreed to a new Greek rescue plan that will temporarily cause the country to default on some of its debt, according to T...

Several Euro Banks Expected To Fail Stress Test

Posted 09.14.2011 | Business

LONDON (Steve Slater and Huw Jones) - A health check of European banks is expected to show that as many as 15 lenders need more capital to withsta...

Europe Acknowledges Greek Default May Be Necessary

Posted 09.11.2011 | Business

BRUSSELS (Julien Toyer and Luke Baker) - European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for th...

Greek Default Needed To Lure Long-Term Investors Back To Greece

Posted 09.04.2011 | Business

LONDON (Marius Zaharia) - Long-term investors standing aloof from the Greek debt crisis want holders of its government bonds to take a loss big en...

Immediate Greek Default Prevented, But Outlook Fragile

AP | By GABRIELE STEINHAUSER | Posted 09.02.2011 | Business

BRUSSELS -- Greece was pulled back from impending default Saturday, when eurozone finance ministers signed off on a vital loan installment. But the co...

Greek Default Could Trigger Chain Reaction Around The World

AP | David Mchugh | Posted 08.16.2011 | Business

FRANKFURT, Germany (AP) -- Greece's economy is small but the shock waves from a default on its debt could be amplified by links in the global financia...

Greece Might Be Able To Delay Repayment Of Bailout Money

Posted 08.07.2011 | Business

ATHENS (Harry Papachristou and Lefteris Papadimas) - The IMF is open to delaying Greece's repayment of its international bailout deal but a major ...