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Greek Economy

Anti-Bailout Greek Leftist Party Gets Mandate To Form Government

Reuters | Nick Robins-Early | Posted 08.24.2015 | World

ATHENS, Aug 24 (Reuters) - A radical leftist opposed to Greece's new bailout deal won a presidential mandate on Monday to try to form a new governmen...

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.

The Financial Crisis in Greece: A Spiritual Crisis in Disguise and an Urgent Call for Change

Maria Benardis | Posted 07.22.2015 | Business
Maria Benardis

Despite the financial crisis in Greece, there are many aspects of Greece that are not in crisis such as the beauty of its environment, food, history, culture and the hospitality of its people.

Greek Bailout Vote To Test Syriza Party Rebellion

AP | Charlotte Alfred | Posted 07.23.2015 | World

ATHENS, Greece (AP) -- Greek lawmakers launched a late-night debate Wednesday on further reforms demanded by international creditors in retu...

Greeks Do Not Want to be Pitied

Elena Paravantes RD | Posted 07.10.2015 | World
Elena Paravantes RD

Lately there have been several well-meaning articles inviting and urging readers to help Greece by buying Greek products or planning a vacation in Greece. My answer is this: We would rather you visit Greece and buy Greek products because you like them, not out of pity.

Greece's Debt Crisis Is Hurting Its Even Poorer Neighbors

Reuters | Benet Koleka | Posted 07.08.2015 | World

KAPSHTICA, Albania, July 8 (Reuters) - Sun-beaten and sullen, the four Albanian fruit-pickers returning home from a three-week stint working in Greece...

What Travelers Need To Know About Visiting Greece

The Huffington Post | Suzy Strutner | Posted 07.06.2015 | Travel

Greece's debt crisis is making headlines around the world, but that doesn't mean the country's tourism industry is crumbling, experts say. Major...

Greece Votes In Crucial Referendum On Debt Crisis Bailout

The Huffington Post | Nick Robins-Early | Posted 07.05.2015 | World

As partial results of Sunday's highly anticipated referendum trickled in, Greeks appeared to have overwhelmingly rejected the terms of a bailout deal ...

These Economists Are Calling For An End To Greece's Austerity Nightmare

The Huffington Post | Charlotte Alfred | Posted 07.03.2015 | World

A tense standoff between the Greek government and its international creditors reached a breaking point this week. On Tuesday, Greece became the first...

Greek Coffee Shop

Jeff Danziger | Posted 06.30.2015 | Politics
Jeff Danziger

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European Leaders Reject Greece Bailout Extension Throwing Eurozone Into Crisis

AP | RAF CASERT and ELENA BECATOROS | Posted 06.27.2015 | World

ATHENS, Greece (AP) — Greece's parliament voted early Sunday in favor of Prime Minister Alexis Tsipras' motion to hold a July 5 referendum on credit...

Christoph Asche

The Economic Crisis In Greece –- As Told By An Athens Taxi Driver

HuffingtonPost.com | Christoph Asche | Posted 06.17.2015 | World

For an instant, his finger twitches. Should he honk the horn? “Does this have to happen right now?” Dimitris is a taxi driver in the Greek...

Greek PM Tsipras Insists On Debt Relief As Negotiations Resume

Reuters | Posted 06.13.2015 | World

ATHENS/BRUSSELS, June 13 (Reuters) - Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with i...

Yet Another Greek Secret: The Case of Phantom Assets

Steve H. Hanke | Posted 05.06.2015 | World
Steve H. Hanke

When banks are in distress, it is important to assess how easily the bank's capital cushion can absorb potential losses from troubled assets. To do this, I performed an analysis using Texas Ratios for Greece's four largest banks.

Eurozone Ministers Approve Greek Reform To Extend Bailout

AP | Posted 04.26.2015 | 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 04.21.2015 | 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 04.19.2015 | 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 04.17.2015 | 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 04.06.2015 | 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 03.24.2015 | 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 03.24.2015 | 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.