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Greek Economy

Eurozone Ministers Approve Greek Reform To Extend Bailout

AP | Posted 02.24.2015 | World

BRUSSELS (AP) — Greece's creditors in the 19-country eurozone on Tuesday approved a list of reforms Athens proposed to get a 4-month extension to it...

Defiance, Greek Style

Anastasia Rubis | Posted 02.20.2015 | Politics
Anastasia Rubis

Reading and watching news of Syriza party's attempts to renegotiate a bailout agreement with the EU and ease austerity in what they term a humanitarian crisis for the Greek people, I've traded doubt and discomfort for a new feeling: respect.

Crucial Talks Over Greece's Debt Broke Down. What's Next?

AP | PAN PYLAS and LORNE COOK | Posted 02.18.2015 | World

BRUSSELS (AP) — Despite all the tough talk and ultimatums, Greece and its creditors in the 19-country eurozone are still expected to cobble together...

Can Greece Force a New Deal?

Robert Kuttner | Posted 02.16.2015 | Politics
Robert Kuttner

Greece and the European Union could face a showdown in their debt talks as early as this week. And if you had to place odds right now, the likelihood is that the stubbornness of Europe's senior leaders will create a catastrophe for both Greece and the EU. Here is the state of play.

ECB Steps Up Financial Pressure On Greece To Reach Deal

Reuters | Posted 02.05.2015 | World

By John O'Donnell and Jan Strupczewski FRANKFURT/BRUSSELS, Feb 4 (Reuters) - The European Central Bank abruptly canceled its accept...

7 Key Points to Understanding the Greek Elections

Pavlos Tsimas | Posted 01.23.2015 | World
Pavlos Tsimas

The upcoming elections in Greece are undeniably a global event, whose importance transcends Greece's borders.

7 Keys to Understanding the Greek Elections

Παύλος Τσίμας | Posted 01.22.2015 | World
Παύλος Τσίμας

The upcoming elections in Greece are undeniably a global event, whose importance transcends Greece's borders.

Greece 2.0

Marco Veremis | Posted 05.07.2014 | Business
Marco Veremis

A growing number of young Greeks are creating new economic foundations -- reacting to the crisis by creating export-oriented businesses largely driven by technology.

Greece Will Likely Begin Recovery This Year: Is Austerity Working?

Mark Weisbrot | Posted 03.26.2014 | Politics
Mark Weisbrot

The Greek economy is going to grow next year because of a significant policy reversal. The fiscal tightening is basically coming to an end. Why is this so important? Because the people who supported the policy of the last four years will, when the Greek economy begins to recover, claim that the "austerity worked." But even the IMF's own analysis refutes this claim.

Greek State TV Resumes News Programing

AP | ELENA BECATOROS | Posted 10.21.2013 | World

ATHENS, Greece — Europe's association of public broadcasters pulled the plug Wednesday on transmissions by the sacked workers of Greece's now de...

Just Like Sisyphus, Greeks Are Forever Pushing That Boulder Up the Hill

Elena Panaritis | Posted 08.27.2013 | World
Elena Panaritis

Austerity is not a cure to the solvency crisis. It cannot and should not be considered a sustainable way out. What Greece and the rest of Europe need right now are leaders who can lead, instead of leaders trying to sugarcoat the issues in hopes of averting opposition from the people.

Greek Unemployment Hits Record Amid Austerity Movement

AP | Posted 03.14.2013 | Business

ATHENS, Greece -- Unemployment in debt-crippled Greece rose to a record of 26 percent in the last quarter of 2012, as austerity measures combined with...

Les Miserables of Greece

Justine Frangouli-Argyris | Posted 04.22.2013 | World
Justine Frangouli-Argyris

Yesterday's prosperous citizens require international humanitarian assistance and a strong support from the Greek-American community at large. The Greek government and its European allies cannot pretend that nothing is amiss anymore.

Alliances Should Transcend Elections: On Governor Romney's Offending Campaign References to Greece

Anna Diamantopoulou | Posted 01.01.2013 | World
Anna Diamantopoulou

When I listened to Governor Romney referring repeatedly with disdain to Greece and its dire situation, I found it shocking, insulting and incomprehensible.

Greece: Time for a Peaceful Revolution

Edith Ismene Nicolaou-Griffin | Posted 10.30.2012 | World
Edith Ismene Nicolaou-Griffin

For many young Greeks who face a record 50 percent unemployment rate, immigration seems to be the only practical option. Societal values are changing as different attitudes are evolving.

Morgan Stanley Allegedly Participated In Insider Trading

AP | Posted 10.01.2012 | Business

ATHENS, Greece (AP) — Greek court officials say a prosecutor has brought misdemeanor charges against Morgan Stanley for alleged insider trading in c...

Greek PM Pledges Growth As Recession Deepens

AP | NICHOLAS PAPHITIS | Posted 09.23.2012 | World

ATHENS, Greece — Greece's prime minister warned Tuesday that the country's battered economy is expected to contract by 7 percent this year, but ...

Greece Knows Where Its Priorities Lies

AP | DEMETRIS NELLAS | Posted 07.08.2012 | Business

ATHENS, Greece -- Greece's three-party coalition government will try to get the economy out of its deep recession by encouraging private investment an...

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.

No Money, No Honey

Amalia Negreponti | Posted 08.04.2012 | World
Amalia Negreponti

We are doing everything halfheartedly, taking part in a frenzied campaign to keep ourselves heartened, to convince ourselves not to give up.

The Antisocial Valuation: Facebook vs. Greece

James Berman | Posted 07.22.2012 | Business
James Berman

A Greek company in the deep end of the contrarian pool is my preferred choice. Not because it has better growth prospects. It doesn't. But it has one thing FB lacks: It's priced right for the risk.

Traveling In Greece During The Crisis

Diya Luke | Posted 07.21.2012 | Travel
Diya Luke

As dire as the situation is, our family has not once felt unsafe during our two-week stay outside of Athens. 

A Uniquely Greek Tragedy

Michael G. Jacobides | Posted 07.11.2012 | Business
Michael G. Jacobides

As the debt crisis in Europe continues to unravel, it has become increasingly clear that each country has a very different set of problems. Nowhere has this been more evident than in Greece.

Greek Elections, Lessons From Argentina 2001-02 ...and a Call for Sanity

Alexander Mizan | Posted 07.09.2012 | World
Alexander Mizan

Greece is on the verge of a national catastrophe. The local political leadership has made successive mistakes, only to be compounded by the recent vote. Let's examine the scenarios.

Greek Elections, a Trap!

Elena Panaritis | Posted 07.04.2012 | World
Elena Panaritis

When Greeks go to the polls on Sunday, they will be reeling from one of the worst economic crisis in history that has cost them their jobs, pensions and is now denying them the power to plan for their future. So what is the way out?