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Greece Debt Crisis

A Commentary on Greece's Economic Outlook

Evangelos A. Calamitsis | Posted 04.23.2014 | Politics
Evangelos A. Calamitsis

Greece needs to put an end to fiscal austerity and abandon the current reform program supported by its euro area partners and the International Monetary Fund (IMF).

Athens in 1 Day, 2 Locals and 6 Questions

Katherine LaGrave | Posted 03.15.2014 | World
Katherine LaGrave

Greece has been a country hit hard by austerity measures, and no city more prominently than Athens. Curious to see how residents in the capital viewed these issues, I walked the streets of Athens and spoke to two locals -- same day and same questions.

A Greek Christmas Carol

Maria Paravantes | Posted 02.24.2014 | World
Maria Paravantes

Suddenly, hard-working Greeks in their late 30s and mid-40s have no money to turn on the heat, to buy gifts for their children and loved ones, to fill the tank with gas, to fill the fridge with food, to invite friends for dinner, to go out and enjoy a drink in fine company.

Weidmann at Harvard: The Sovereign-Banking Nexus

Luka Orešković | Posted 02.05.2014 | Business
Luka Orešković

Weidmann's "separatist" view clearly stems from the German concept of highly independent central banking, assuring price stability rather than trying to target other problems and ensure macroeconomic stability.

Time to Give Greece a Chance

Sabby Mionis | Posted 02.02.2014 | World
Sabby Mionis

Greece seems to be achieving the impossible. Almost a year after in found itself at the bottom of the barrel, the government has achieved a primary budget surplus by embarking on unprecedented budget cuts and imposition of taxes.

Kickstart the Greek Economy

Emmett Rensin | Posted 10.13.2013 | Comedy
Emmett Rensin

Note: This is part two of a series of middle-brow Kickstarter jokes. Part one can be found here Years of economic disaster, revolution in the st...

Trust and Money

Ricardo B. Salinas | Posted 01.23.2014 | Business
Ricardo B. Salinas

Despite some recent apparent signs of improvement, in the past two years we've had very negative economic news from Europe, particularly from countries such as Spain, Ireland, Greece, Cyprus, Italy, and Portugal. High unemployment, failed banks, fiscal insolvency, and a growing distrust of markets are just a few of the difficulties.

Greece's Migration Problem: From Samos to Brussels

Nikolas Katsimpras | Posted 11.26.2013 | World
Nikolas Katsimpras

It is time for policies to start demonstrating empathy across both space and time. It is time we stopped treating people like sardines.

Investors Who Bet Against the Market: Goldman Sachs Trader Convicted

D. Sidney Potter | Posted 09.11.2013 | Business
D. Sidney Potter

Someone once told me that it isn't hitting the pavement after jumping out of a high-rise building that kills you, it's the sudden stop. When I first ...

Merkel: Letting Greece In Euro Zone Was 'Fundamentally Wrong'

Agence France Presse | Frank Zeller | Posted 10.28.2013 | World

German Chancellor Angela Merkel has charged, a month before elections, that struggling Greece should never have been allowed into the eurozone, blamin...

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...

The Figs of Melos

Evaggelos Vallianatos | Posted 10.13.2013 | World
Evaggelos Vallianatos

During my July 2013 travels in Greece, I spent a few days in Melos, an island with the largest harbor in the Aegean. I stayed in a house with severa...

Greece: Is Democracy Ending Where It Started?

Athéna Tacet | Posted 08.18.2013 | World
Athéna Tacet

Greece is a reminder that the Western democratic principles that we wrongly often think are set in stone are far from being flawless and unbreakable. On the contrary, the consequences of Greece's economic turmoil on its democracy are the perfect illustration of how fragile democracy really is.

Greece Shutting Down State Media To Save Money

AP | NICHOLAS PAPHITIS | Posted 08.11.2013 | World

ATHENS, Greece — Greek state TV and radio were gradually pulled off the air late Tuesday, hours after the government said it would temporarily c...

An Early Greek Spring

Katerina Sokou | Posted 07.14.2013 | World
Katerina Sokou

Crises have a way of doing this to people: They ground them and strengthen their resolve, while they also make them see the flowers between the cracks and draw inspiration from them. And this is all the Greeks can count on, for now.

Greek Youth Unemployment Hits Staggering Record

Reuters | Posted 05.09.2013 | Business

ATHENS (Reuters) - Greek youth unemployment rose above 60 percent for the first time in February, reflecting the pain caused by the country's cripplin...

Why Are Greek Children Going Hungry?

Evaggelos Vallianatos | Posted 06.22.2013 | World
Evaggelos Vallianatos

Some of the Greeks I talk to on the phone tell me Greece now is reliving some of the harsh realities of WWII German occupation when hundreds of thousa...

Is the Entire Deficit Debate Based on a Big Mistake?

Les Leopold | Posted 06.18.2013 | Business
Les Leopold

Fear of debt is woven deeply into our culture. We associate debt with profligate spending, waste, gambling and overall sinfulness. As we learned during the housing bubble, it's easy to get in over our heads. So naturally we assume that the same must be true for our country -- government debt must be bad. But is it?

Beware of Europeans Bearing Bailouts

Michael Nevradakis | Posted 05.18.2013 | World
Michael Nevradakis

Some may speak of a "European dream," but when the EU's supposed welfare and social justice is apparently just a flimsy facade for corporate welfare and bailouts of irresponsible bankers, it seems that this "dream" is, in fact, a nightmare.

Calling All Goddesses

Karen Korellis Reuther | Posted 05.06.2013 | Impact
Karen Korellis Reuther

How would Greek women solve the multitude of challenges that Greece is facing? What would they suggest be changed, be fixed, be stopped in order to secure the future of this beautiful corner of the world?

The "Dictatorship of the Elites" in Greece

Thanos Dimadis | Posted 04.28.2013 | World
Thanos Dimadis

One of the major mistakes that international and European observers often make in their analyses about Greece is that they focus way too much on the p...

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...

Stealing Greece From the Greeks

Evaggelos Vallianatos | Posted 02.20.2013 | World
Evaggelos Vallianatos

Greece set the foundations of our civilization primarily because of her legacy of knowledge. Homer, Plato, Aristotle and Archimedes, and a galaxy of ...

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?