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Greece Bailout

Does Greece Have a Tea Party?

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

While there have been protests and riots, it is not clear that Greece has the equivalent of a Boston Tea Party. Or, like Bostonians, that Greeks will join with others to fight for independence.

Greece: Aid Available In Several Days

AP | ELENA BECATOROS | Posted 05.25.2011 | World

ATHENS, Greece — Hobbled by exorbitant borrowing costs, Greece triggered an emergency aid plan Friday to draw cash from the International Moneta...

Greece Bailout: Greeks Ask For EU-IMF Assistance Amid Financial Crisis

AP | ELENA BECATOROS | Posted 05.25.2011 | Business

ATHENS, Greece — Hobbled by exorbitant borrowing costs, Greece triggered an emergency aid plan Friday to draw cash from the International Moneta...

Greek Debt Crisis Gets WORSE On Revised Debt Figures, Protests Mount

AP | ELENA BECATOROS | Posted 05.25.2011 | Business

ATHENS, Greece — Markets pushed Greece closer to an expensive bailout after the EU raised its estimate of the country's budget deficit Thursday ...

Greece Saved For Now - Is Portugal Next?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Sunday's package should make it possible for Greece to borrow short-term but it takes courage to lend for 5 or 10 years to the Greeks unless there is much more fundamental change.

Europe Offers Greece 30 Billion Euros In Loans To Deal With Debt Crisis

AP | ROBERT WIELAARD | Posted 05.25.2011 | Business

BRUSSELS — Trying again to halt a debt crisis that has hammered the euro, fellow eurozone governments tossed struggling Greece a financial lifel...

Standing At Thermopylae: Greek Economic Situation Worsening Fast

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Government bond yields are rising rapidly today (currently the 10-year rate is around 7.5 percent). Unless there is rapid action by the international community, this has the potential to get out of control.

Greek Bailout Details Announced, Eurozone Leaders Reach Agreement

AP | ELENA BECATOROS | Posted 05.25.2011 | Business

BRUSSELS — A hard-won deal to provide a safety net for Greece provided the debt-ridden country with some welcome relief Friday, with its cost of...

Merkel: Greek Bailout Must Bring In IMF

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — Heavily indebted Greece won a major pledge of financial support from the other countries that use the euro and the International Mone...

Greek Debt Crisis May Hit U.S. Economy, Says Fed Regional Chief

Yahoo! News | P. Parameswaran | Posted 05.25.2011 | Business

WASHINGTON (AFP) -- The Greek debt crisis may directly affect the US economy by hitting American exports and the financial system, Atlanta Federal Res...

Germany Holding Up EU Greece Bailout

AP | ROBERT WIELAARD | Posted 05.25.2011 | Business

BRUSSELS — The European Commission urged Germany and other eurozone governments Friday to put up a package of government-to-government loans to ...

Greece Says It Will Appeal To IMF Help If EU Doesn't Deliver Bailout Funds

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — Greece warned Thursday that it will be forced to turn to the International Monetary Fund if the EU can't agree to a bailout plan next...

Cash-Strapped Greece Should Sell Islands, German MPs Say

Posted 05.25.2011 | World

Two German MPs have recommended Greece sell off some of its islands to counter the country's notorious debt problem. Josef Schlarmann and Frank Schae...

Greece Debt Crisis: Leaders Await EU 'Solidarity' After Huge Budget Cuts

Posted 05.25.2011 | Business

ATHENS, Greece - (By NICHOLAS PAPHITIS, AP) Greece has announced a new austerity plan worth euro4.8 billion ($6.5 billion) in savings to deal with the...

The Real Risk For Europe is Social

Georges Ugeux | Posted 05.25.2011 | World
Georges Ugeux

Will European Governments have the leadership, the ability and the political will to restore a sensible balance between social contribution and costs?

Greece Debt Crisis: EU Governments Agree On First Bailout Of A Member Nation

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — Wealthy European nations were moving closer toward swallowing a bitter pill Tuesday: rescuing Greece from its overspending before its...

Greece Moves To Quash Rumors About Bailout

AP | MATT MOORE | Posted 05.25.2011 | World

DAVOS, Switzerland — Greek and European officials moved Friday to quash market buzz that Athens could find itself in too deep a financial hole t...