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Greece Debt Crisis

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?

Greece: A Teenage Nation

Maria Paravantes | Posted 07.02.2012 | World
Maria Paravantes

The world may be talking about the upcoming Greek elections but the Greeks -- true to their adolescent hearts -- are out in the sun swimming, tanning, drinking coffee and enjoying the moment. Tomorrow is another day.

Austerity Measures Are Worse at Easter

Seth Engel | Posted 07.02.2012 | World
Seth Engel

In the face of the U.S.'s two greatest crises of the century, Americans have turned to FDR and George W. Bush for solace. The Germans had once chosen Hitler for theirs. Which path will the Greeks venture down on May 6? Who can lead a country that has hit rock bottom?

Some Good News For Greece

Reuters | Posted 07.02.2012 | Business

ATHENS, May 2 (Reuters) - Standard & Poor's raised Greece's credit rating to low-speculative grade on Wednesday, lifting it out of default terri...

Greek Fraudsters Lose Benefits

Reuters | Posted 06.25.2012 | Business

By Angeliki Koutantou and Harry Papachristou ATHENS, April 25 (Reuters) - Greece has halted welfare or pension payment...

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!

Mark Gongloff

Papandreou Warns Of 'Vicious Circle' Of Austerity And Recession

HuffingtonPost.com | Mark Gongloff | Posted 04.09.2012 | Business

NEW YORK -- Europe's austerity fever is creating a "vicious circle" of economic pain, former Greek Prime Minister George Papandreou said on Thursday -...

Greece May Not Be Able To Afford Fielding One Olympic Team

AP | By DEREK GATOPOULOS | Posted 06.04.2012 | Business

ATHENS, Greece -- Greece's track and field authority suspended all athletic operations Wednesday due to severe spending cuts – a major embarrass...

'Spain Is Going To Stop Being A Problem'

AP | The Associated Press | Posted 05.30.2012 | Business

THE PLAN: Spain's new conservative government has unveiled a (EURO)27 billion ($36 billion) deficit-reduction package that it hopes will convince its ...

Greek PM: More 'Financial Support May Be Necessary'

Reuters | Posted 05.30.2012 | Business

MILAN, March 30 (Reuters) - Prime Minister Lucas Papademos said on Friday Greece may need a third bailout package if the sweeping au...

The Role of the Greek Diaspora: Save Greece or Help It Save Itself? (Or C: Do Nothing)

Aphrodite Bouikidis | Posted 05.21.2012 | World
Aphrodite Bouikidis

Greek diaspora groups can play a role in helping Greeks address their political, economic and social crisis, but only if they do so with those in Greece that are building the foundations of a more prosperous, equitable and healthy future.

Wave Of Protests Hits Greek Hospitals

AP | Posted 05.21.2012 | Business

ATHENS, Greece — Greece is already managing to beat some of its deficit-reduction targets, as figures released Wednesday show that its central b...

Shooting Democracy at Dawn

Gerard Papasimakopoulos | Posted 05.14.2012 | World
Gerard Papasimakopoulos

Ultimately, what is even the point of participating in an electional process, when your vote is no longer truly needed? When your voice no longer has any bearing on the state of a nation?

Euro Area Sovereign Debt Crisis: Putting the House in Order

Otaviano Canuto | Posted 05.15.2012 | World
Otaviano Canuto

Restoring competitiveness and a sustainable fiscal position in countries like Greece will require governments to undertake sustained and deep structural reforms for years to come.

Greece: Making Lemonade When the Economy Throws Lemons at You

Niovi Christopoulou | Posted 05.15.2012 | World
Niovi Christopoulou

So, Greece is in big trouble and in need of leaders with good crisis management instincts and experience. (If you know any, send them to Athens ASAP -- economy class only please.)

Greek Children Too Hungry For Gym Class

The Huffington Post | Bonnie Kavoussi | Posted 03.14.2012 | Business

Greek budget cuts have taken a toll on even schoolchildren. Many Greek schoolchildren are too underfed to exercise in physical education class anym...

Bailout Approved

Reuters | Posted 05.14.2012 | Business

BRUSSELS, March 14 (Reuters) - Euro zone countries formally approved on Wednesday a second, 130 billion euro financing package for Greece that will ...

Greece Needs To Keep Slashing Its Budget

Reuters | Posted 05.13.2012 | Business

By Jan Strupczewski BRUSSELS, March 13 (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2...

Greeks of the World, Unite!

Christos Barlas | Posted 05.12.2012 | World
Christos Barlas

After two years of being portrayed in the international media as lazy, incompetent and escape goats for the breakdown of the global financial system, Greeks from all over the world unite their voices with the sole aim of telling a simple truth: Greece cannot be identified with the failures of its political system.

Greek Official: 'The Economy Is Sinking And Everyone Is Too Scared'

Reuters | Posted 05.10.2012 | Business

* EIB reluctant, row with the EU Commission over the funds * Channelling the funds via local banks could be a solution A...

Greece Out of Default Emergency Room, But Far From Being Cured

Georges Ugeux | Posted 05.09.2012 | Business
Georges Ugeux

Do Greek authorities understand that, unless they play by the rules and restore their fiscal discipline, there will soon be another default... and no bailout? Nothing is less sure. This is not a few bad years; it is a different way to manage a country.

Rediscovering the Soul of Greece

Alex Pattakos | Posted 05.09.2012 | World
Alex Pattakos

Like Odysseus, the legendary Greek king of Ithaca and hero of Homer's epic poem the Odyssey, Greece must forge ahead on its modern-day journey of (self)discovery and transformation.

Greek Official: 'This Is The Only Way To Keep The Country On Its Feet'

Reuters | Posted 05.09.2012 | Business

* Around 86 pct of Greek law bonds submitted for swap * Some reluctant creditors to be forced to accept deal * New bonds...

Greece Defaults! What Now?

The Huffington Post | Mark Gongloff | Posted 05.08.2012 | Business

So this is happening: Greece has technically, officially defaulted on its debt. Now what? The International Swaps and Derivatives Association, t...

Confidential Note Details Staggering Costs Of Messed-Up Greek Default

Reuters | Posted 05.05.2012 | Business

By Alex Chambers LONDON, March 6 (Reuters) - A disorderly default in Greece would likely necessitate outside support for Spain and It...