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Greece Debt

Greece Secures Another Eurozone Lifeline

Reuters | Annika Breidthardt and Martin Santa | Posted 09.07.2013 | Business

* Athens to get staggered payments over course of 2013 * Euro zone countries will pay 2.5 bln eur in July, rest later *...

Crafting the Cyprus Deal: A Road Filled With Blunders

David Catalan | Posted 05.31.2013 | Business
David Catalan

The role of the Troika in bailing out governments and banks is nothing new, but the solutions put forward by EU leaders to improve the Cypriot crisis seem to be founded on little foresight, and without regard for the tragic mistakes of the past few years.

Swiss Red Cross Cuts Donor Blood Supply To Greece

AP | FRANK JORDANS | Posted 04.28.2013 | Impact

BERLIN — The Swiss Red Cross is slashing its supply of donor blood to Greece because the financially stricken country has failed to pay its bill...

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.

Will Greece Survive?

Marietta Giannakou | Posted 04.21.2013 | World
Marietta Giannakou

Is modern Greece going to survive out of the storm of the ongoing crisis? Is Europe about to change path from the achievements of post-war political cooperation and economic integration to the unchartered waters of national egoisms and self-minded interests?

Debt Forgiveness Is Inevitable and Will Save the Euro

Elena Panaritis | Posted 02.05.2013 | World
Elena Panaritis

Austerity has made it difficult for Greece to meet its fiscal targets, as well as its structural reforms. This is why anything short of debt forgiveness and more bailout funds is only a way for Europe to buy a little bit of time but at a huge price.

The Politics of Fear

George Papandreou | Posted 01.29.2013 | World
George Papandreou

My recent experience in dealing with the financial crisis in Greece and in Europe has confirmed my belief that this is a political crisis more than a financial one. In trying to confront its fiscal deficit, Europe has run up a democratic deficit.

Ricardo Caballero: "Greece Is in Rehab"

Vaios Papanagnou | Posted 01.28.2013 | World
Vaios Papanagnou

"This was clear from the beginning, and it remains clear. It is up to Greece and its Europeans partners to decide how to structure and spread over time this default."

The Money Is Gone, the War Is Over

The European Magazine | Posted 01.26.2013 | World
The European Magazine

Who cares about why and how Greece entered the eurozone? Who cares about state accountants tip-tapping on Excel fifteen years ago? Does this discussion make tomorrow's solutions more likely?

Eurozone Insists Greece Accept Six-Day Workweek

Posted 09.04.2012 | Business

Greece’s debt crisis could take a toll on its weekends. In exchange for a second bailout, Greece’s creditors are demanding that the country’...

Who Will Determine Greece's European Future?

Mohamed A. El-Erian | Posted 10.31.2012 | Business
Mohamed A. El-Erian

Greek officials should certainly hope that collective European action will succeed in stabilizing these other two countries' economies. But they should also realize that too great a success could, ironically, map into a higher probability of a Grexit.

Greek Police Crack Down On Immigrants During Crisis

AP | COSTAS KANTOURIS | Posted 08.22.2012 | World

NEA VYSSA, Greece -- Border police jeeps hurtle along hot, dusty tracks past potato fields on their way to the river that marks the Greek-Turkish bord...

Greek Deputy Minister Quits Over Debt Talks

AP | Posted 09.08.2012 | World

ATHENS, Greece — A deputy labor minister resigned on Monday from Greece's new coalition government, saying it should have pressed harder to rene...

The Day That Greece Rescued Europe

Montserrat Domínguez | Posted 08.19.2012 | World
Montserrat Domínguez

The Greeks have deactivated the switch that threatened to blow Europe sky high. Antonis Samaras's New Democracy party victory in Greece does not in and of itself solve Athens' problems, nor those plaguing the rest of Europe's capitals. The boxer is still on the ropes, but the bell has been rung, ending the round; and that gives Europe time to recover, though it will have to keep fighting. In addition this week, if seen as part and parcel to what happened in Greece, the result of France's legislative elections and the majority that President Hollande now boasts both act as a serious warning to Angela Merkel in Germany. The message is clear: we are willing to go forward, but the pernicious austerity strategy that is pushing us into the abyss must be reconsidered.

EURO PEONS

Miller Hudson | Posted 08.15.2012 | Denver
Miller Hudson

Presuming a uniformity of social circumstances and economic opportunity when they do not exist, and cannot be enforced, inevitably leads to peonage for some and riches for others.

Now Greece's Rundown Hospitals Are Rationing Basic Materials

Reuters | Posted 08.14.2012 | Business

* Hospitals lack staff, basic equipment and supplies * Pharmacies demand cash for drugs * Free clinics staffed by volunt...

Rebuilding Greece: Groups Try to Shake the 'Crisis'

Daphne Lambadariou | Posted 08.07.2012 | World
Daphne Lambadariou

Entrepreneurship and innovation seem almost herculean tasks in the current Greek context, but some dare to defy the odds. This is the sort of innovation Greece needs.

Why Europe's "Technocrati" Can't Do it All

Chris Brummer | Posted 08.06.2012 | Business
Chris Brummer

Inconvenient truths point to the fact that spurring on the technocrats may help, but eventually the politics of Europe itself have to change.

Austerity: 2011's Darling Becomes 2012's Pariah

Arianna Huffington | Posted 07.29.2012 | Business
Arianna Huffington

There's a new scarlet letter in town. Actually, it's the same letter -- "A" -- but it stands for a different word that's increasingly regarded as shameful: Austerity. The darling idea of 2010 and 2011 has become the pariah concept of 2012. And the evidence of profound change is all around, from France and Greece to Germany and -- gasp -- the Republican Party. The change, when it comes to the conventional wisdom on austerity, has come from a combination of public pressure and leadership: one pushing up from below, the other pressing down from above. None of this means that we should break out the Keynesian champagne any time soon. But it's clear the forces of austerity are in retreat. And that's a very good thing.

The End Of The Euro: A Survivor's Guide

Simon Johnson | Posted 07.27.2012 | Business
Simon Johnson

In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them -- and the world.

"No Sweet Fruit Comes From a Bitter Seed"

Anthony Strano | Posted 07.23.2012 | World
Anthony Strano

In Greece, the supposed home of democracy, there is an exclusive approach in their political, religious and societal systems that actively combats the idea of equality and inclusivity.

The Greek Opportunity for Europe

Peter Alexander Meyers | Posted 07.10.2012 | World
Peter Alexander Meyers

As Greek departure threatens to incite the vultures and to extinguish that dream, a tremendous leverage is linked to exit. In this moment that specific power accrues to the Greeks. Does that make it their best option?

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?

A Tax for Your Thoughts...

Maria Paravantes | Posted 06.19.2012 | World
Maria Paravantes

We've passed the audition and are now holding starring roles in Animal Farm Takes Greece -- a remake of George Orwell's foretelling allegorical tale penned 67 years ago!