Greece Debt Crisis

Greece and the Eurozone: Weakness Brings Power

Rajan Menon | Posted 05.28.2012

Read More: Angela Merkel, European Debt Crisis, European Union, Spain, Eurobonds, Greece, Germany, Greece Debt Crisis, Politics News

These issues doubtlessly need to be addressed, but what's notable is the sea change in the conversation. Ideas that were once off the table are now being taken up by EU governments and organizations and Euro pundits. The austerity discourse no longer dominates. Why?

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As Goes Greece

Robert Kuttner | Posted 05.28.2012

Read More: European Union, Eurozone, Greece, Greece Debt Crisis, Angela Merkel, Greece Euro, Germany, Austerity, World News

If the European Union were serious about helping Greece to reform, it would have combined technical assistance and debt relief conditioned on a reform program with a reasonable time period, rather than adopting a purely punitive approach. Now, the fire has spread to larger countries. And the same frail EU institutions and smug national attitudes that failed to contain the Greek crisis are up against far more daunting challenges. Historians will look back on the spring of 2012 as moment when Europe's institutions and leaders either failed to contain a deepening crisis -- or as a time when leadership grasped the common stakes and rose to the occasion. You have to be quite the optimist to imagine the more hopeful outcome.

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'It's Better To Be Safe Than Sorry'

Reuters | Posted 05.29.2012

Read More: European Banks, Video, Europe Debt Crisis, Greece Euro Exit, Reuters, Greece Debt Crisis, Euro Zone, Imf, Drachma, Ban Run, Euro, Grexit, Business News

By Chris Vellacott and George Georgiopoulos LONDON/ATHENS, May 28 (Reuters) - After Greece's inconclusive elections on May 6 led to po...

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The End Of The Euro: A Survivor's Guide

Simon Johnson | Posted 05.27.2012

Read More: Eurozone, Eurozone Crisis, Economy, Greece Debt, European Union, Greek Exit, Greek Debt Crisis, Euro, Fiscal Affairs, Ecb, Greece, Germany, Greece Debt Crisis, Imf, Europe, Greece Austerity, Business News

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.

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Greeks 'Just Don't Feel LIke Having Sex' Amid Economic Downturn

Reuters | Posted 05.28.2012

Read More: Pornography, Video, Greece, Sex Industry, Reuters, Greece Debt Crisis, Greek Sex Industry, Greek Bailout, Austerity Measures, Sex Toys, Business News

* Sex shops say business has plummeted * Greece imports its erotic toys * Return to drachma could spell death of industr...

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Lagarde Has Little Sympathy For Greeks

AP | MEERA SELVA | Posted 05.26.2012

Read More: Video, Greece Crisis, Greece, International Monetary Fund, Greece Debt Crisis, Greece Economy, IMF Chief Christine Lagarde, Christine Lagarde Greece, Business News

LONDON -- International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the cou...

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Greece and the Beanstalk

Amalia Negreponti | Posted 05.23.2012

Read More: Communism, Germany, Eurozone, Greece, Greece Debt Crisis, European Union, Eurozone Debt Crisis, Anarchists, Europe, Greek Politics, Alexis Tsipras, Greek Elections, World News

"Jack and the Beanstalk" is a story about how Jack and a terrible ogre finally compromise, learning to live together because they fear one another too much to risk doing otherwise. A similar hope of compromise is what lies at the heart of Greek voters.

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Eurozone Preparing For Greece Exit Scenario

Reuters | Posted 05.23.2012

Read More: Video, Eurozone, Greece, Greece Debt Crisis, Reuters, Eurozone Working Group, Ewg, Greek Debt Crisis, Euro, Business News

* Euro zone states urged to draft plans for Greek euro exit * Instruction given in euro working group call on Monday * G...

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"No Sweet Fruit Comes From a Bitter Seed"

Anthony Strano | Posted 05.23.2012

Read More: Greece Debt, Greece, Greece Debt Crisis, World News

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.

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Which Way for Europe?

Robert Kuttner | Posted 05.20.2012

Read More: Stability-and-Growth-Pact, Eurozone, Camp-David-G-8-Meeting, Maastricht Treaty, Euro Bonds, Greece Debt Crisis, Angela Merkel, Euopean Debt Crisis, European Central Bank, World News

While Greece is right on the razor's edge of default, and may yet be granted some overdue relief, the prospects for broader European recovery are still very bleak until the politics get a lot more radical.

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'I Am Ashamed To Be Here'

AP | DEREK GATOPOULOS | Posted 05.20.2012

Read More: Greece Crisis, Crisis in Greece, Growth Crisis in Greece, Greece Growth Crisis, Greek Crisis, Greek Debt Crisis, Greek Debt Crisis Personal, Video, Greece Debt Crisis, Greece Crisis Personal, Greek Growth Crisis, Debt Crisis in Greece, Greece Debt Crisis Personal, Crisis Greece, Business News

ATHENS, Greece -- Like many Greeks left unemployed by their country's economic tailspin, Dimitris Spachos finds it easier to talk about his nation's p...

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Let Greece Do Debt Cold Turkey

Eric Margolis | Posted 05.18.2012

Read More: Eurozone, Greece, G8 Summit, Angela Merkel, European Union, Nicholas Sarkozy, Greek Debt Crisis, Francois Hollande, Euro, Greek Debt, Greece Debt Crisis, World News

What would happen to Greece if it quit the euro? Financial chaos, capital flight, riots and bank failures... maybe. But after the apocalypse, Greece would eventually revert to its 1960's status: a poor but proud nation living off tourism, shipping, agriculture and fishing.

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Germany's Merkel Pushes Greece To Hold Vote On Staying In Eurozone

Reuters | Posted 05.19.2012

Read More: European Debt Crisis, Greece Eurozone, Greek-Debt-Crisis, Eurozone, Video, Greece Debt Crisis, Reuters, Angela Merkel, Karlos Papoulias, Greece Euro, Angela Merkel Karlos Papoulias, Greece Europe, Business News

* Greece says Merkel, Papoulias discussed referendum * German spokesman denies Merkel proposed idea * Greek parties angr...

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Causes Of Greek Economic Crisis Not As Simple As You Might Think

Posted 05.17.2012

Read More: Video, Greek Austerity, Greece, Greek Debt Crisis, Greece Austerity, Greece Debt Crisis, World News

The causes of the economic crisis in Greece may not be as simple as you think. In a new video from the Harvard Kennedy School, lecturer Richard Par...

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Voting for the Extremes

Melina Xaritatou | Posted 05.17.2012

Read More: Pasok, Greece, New Democracy, Greek Elections, Greece Debt Crisis, Eurozone, Drachma, Europe, World News

It is insane to ask from people whose lives have been crashed to choose between the euro and the drachma. They can't answer to that.

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Whither Eurozone Austerity?

Rajan Menon | Posted 05.15.2012

Read More: Eurozone, Greece Elections, Greece Debt Crisis, Angela Merkel, Argentina, Spain, Francois Hollande, North Rhine-Westphalia, World News

Europe's political winds have shifted over the past month. The first sign of this preceded the event now being hailed as the catalyst, Sarkozy's loss in France's presidential election, and it occurred in an unlikely place: the Netherlands.

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Negotiations To Form Greek Government Continue

AP | NICHOLAS PAPHITIS | Posted 05.15.2012

Read More: Karolos Papoulias, Video, Greece, Greek Financial Crisis, President Karolos Papoulias, Greece Debt Crisis, Greek Austerity, Greek Debt Crisis, Greece Austerity, Business News

ATHENS, Greece — Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in de...

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Euro Ministers Plead With Greece To Stick With Austerity Program

AP | RAF CASERT | Posted 05.14.2012

Read More: Video, Eurozone, Greece, Greece Debt Crisis, European Union, Greek Austerity, Greek Debt Crisis, Austerity Measures, Greece Austerity, Austerity, Business News

BRUSSELS — Leading European Union finance officials promised to stand by Greece as a member of the eurozone provided it sticks to its bailout te...

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Greece Nears 'Moment Of Truth' As Coalition Talks Fall Apart

Reuters | Posted 05.14.2012

Read More: Greece Eurozone, Greece Crisis, Greece Debt Crisis, Greece Coalition Talks, Greece Coalition Government, Greece, Reuters, Greece Euro, Business News

* President to meet smaller parties from 1630 GMT * Talks with big parties hit impasse * Radical left seen gaining if ne...

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Arianna On The Crisis In Greece

New York Times | Posted 05.12.2012

Read More: Argentina, Arianna, George Papandreou, Greece, Greek Debt Crisis, Greece Austerity, Arianna Huffington, Greece Debt Crisis, Business News

AS I follow the modern Greek tragedy unfolding in Europe, I flash back to the 18 years I spent in Athens, walking to school in Plaka (the old part of ...

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German Official: Without Austerity, Greece 'Financial Aid Falls Away'

AP | Posted 05.12.2012

Read More: Jens Weidmann, Sueddeutsche Zeitung, Video, Greece, Germany, Europe Debt Crisis, Greece Debt Crisis, Wolfgang Schaeuble, European Central Bank, Business News

BERLIN -- The head of Germany's central bank is warning that there would be no basis for further financial aid to keep Greece afloat if the country ba...

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Greece Election Results 2012: Crisis, Confusion, Protest

Elena Panaritis | Posted 05.11.2012

Read More: Greece Elections, Greece, Greek Elections 2012, World Elections 2012, Greece Debt Crisis, Greek Debt Crisis, Greece Elections 2012, Greek Elections, World News

The results are a death blow to the country's decades-long two-party system, leaving both Pasok and New Democracy in a lurch. But this should not come as a surprise considering the widespread popular discontent largely due to how the Greek crisis and how has been handled.

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Without Growth, There's Only One Ending to Euro Debt Crisis

Jeffrey Rubin | Posted 05.09.2012

Read More: Oil Prices, European Debt Crisis, Greece Debt Crisis, Europe Economy, Eurozone, European Union, Europe Debt Crisis, World News

What Europe's voters and its central bank are coming to recognize is that unremitting fiscal austerity measures are the wrong prescription for what ails the European economy -- they're actually exacerbating the continent's economic problems.

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

Alexander Mizan | Posted 05.09.2012

Read More: Greece, Greece Debt Crisis, Greece Debt, Greece Economy, Greece Financial Crisis, Greek Debt Crisis, Greek Bailout, Greek Economy, Greece Bailout, World News

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.

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Greece in Agony

Robert Cabot | Posted 05.09.2012

Read More: Greek People, Greece, Ancient-Greek-History, Greece Debt Crisis, Greek History, Greece Economy, Greece Austerity, Ottoman Empire, World News

There is a surplus of the ugly in Greece -- of avarice, of hideous modernity, corruption, exploitation. But though it is largely hidden, there is something about the tough, durable fiber, the pride of generosity, the fierce instinct for independence which is at the core of the Greek soul.

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