A silver vein can run out but olive trees are forever. Not only do the trees bear fruit they also provide oil and wood and what else could grow on that rocky Greek soil? My daughter says that Solon is her hero. And Greece does need a hero for these times.
BRUSSELS — Current plans to save Greece from financial collapse would still leave the country with debt far above the maximum level set by its i...
BRUSSELS — European finance ministers insisted Wednesday on much tighter oversight of Greece's spending and austerity efforts, despite politicia...
Greek austerity measures, the necessary price of a European Union bailout, have already taken a toll on the lives of the debt-ridden country's populat...
In an affair like this one, which is political as much as economic, and where the highly inflammable matter being toyed with is a people, their pride, their memory, their revolt, their survival, one would like to have seen things handled more deftly.
WASHINGTON -- President Barack Obama's $3.8 trillion budget plan does nothing to address mounting debt and could lead the country into a European-styl...
Greek police fired tear gas at petrol bomb-throwing protesters outside parliament, where tens of thousands had massed a rally against austerity plans ...
Greece's huge amounts of sovereign debt put the Eurozone's economy in jeopardy and had consequences for the global economy. But, Greece isn't alone...
ATHENS, Greece -- Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from ...
ATHENS, Greece — Warning of a "catastrophe" that would leave Greeks subsisting on food stamps and the country wallowing in bankruptcy, Greek lea...
The U.S. stock market could be on track for its worst day of the year Friday because of turmoil in Greece. Protesters are rioting in the streets of...
During the coming years of austerity, thousands of Greek workers will remain idle because policymakers believe that this makes economic sense. It simply does not.
WASHINGTON, Feb 6 (Reuters) - The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be...
While the world has focused on Greece's failures -- with the implication that it was German beneficence that allowed Greek participation in the euro in the first place -- it is easy to lose sight of the fact that Germany has been the greatest beneficiary of the creation of the eurozone.
ATHENS, Greece — Greece's Finance Minister says the European Central Bank and national central banks should be part of a debt relief deal with t...
The drama of this century to date plays on with amazing speed and volatility. The Greek government and people, despite more than enough reasons for so...
BRUSSELS — Investors participating in a deal to slash Greece's massive debt would face an overall loss on their bond holdings of more than 70 pe...
No matter how inspiring the future European vision might be, the strategy towards it, unfortunately, bears neither fiscal nor social morality over the people. The domino effect has started from Greece.
ATHENS, Greece -- Debt-crippled Greece has named some 4,000 alleged tax dodgers, including a former media magnate and a prominent entertainer, with th...
There are many participants involved, and each has their own set of metrics for a successful outcome of the Greece workout.
The Greek people will resist the effect of either default on Greece's economic future. They will not allow their assets to be pledged or sold to the seemingly stronger nations.
For the Romney campaign, Europe has taken over from China as the punching boy that represents the foreign other. In reality, to say or suggest that Europe has nothing to do with the American economy or American job growth is to live in pre-globalized fantasy land.
Deeply indebted and nearly bankrupt, this Mediterranean nation was forced to adopt tough austerity measures to slash its deficit and secure an interna...
An increasing number of workers in the troubled Mediterranean countries of Italy, Spain and Greece are having their resumes translated into English an...
Watching heart-wrenching stories about destitute Greeks coping with the crisis that has consumed the nation isn't exactly what I had in mind when I journeyed home for the holidays.
