iOS app Android app

Greece Default

What Will a Greek Default Mean for You?

Jeffrey Rubin | Posted 07.16.2012 | Business
Jeffrey Rubin

A Greek default would start in Athens, but it wouldn't be long before it's felt in Paris, Berlin, New York and Toronto. In today's intertwined financial markets, everyone has exposure to everyone else's problems.

Another Reason Why The Greek Debt Stand Off May Be Heating Up

Reuters | Posted 05.08.2012 | Business

By Sarah White and Tommy Wilkes LONDON, March 8 (Reuters) - Some hedge funds have found a legal loophole they believe will force Greec...

Greece's Managed Default

Jared Bernstein | Posted 04.22.2012 | Business
Jared Bernstein

Forgive me if I'm just being rhetorical here, but it looks to me like all the headlines about how the latest bailout of Greece enables the country to avoid default have it wrong. Greece is defaulting on its sovereign debt, and that's a good, as in "necessary," thing.

Official: Allowing Greek Default Would Be 'Totally Irresponsible'

AP | GABRIELE STEINHAUSER and ANGELA CHARLTON | Posted 04.18.2012 | Business

BRUSSELS — Greece's hopes to finally get its bailout and dodge default next month were boosted Friday, when key European leaders, including Germ...

Cucina Povera, Greek Style

Diana Farr Louis | Posted 04.08.2012 | Food
Diana Farr Louis

Greeks have survived countless sieges and trials. They became experts at concocting the most delicious meals with the most rudimentary of ingredients. Let's hope we have not lost the knack, because food aid may be slower to arrive this time around.

Greece: Voluntary or Involuntary - Default Is a Given

Asher Edelman | Posted 03.21.2012 | Business
Asher Edelman

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.

Bonnie Kavoussi

Lost In Translation? The Latest Troubling Indicator From Europe

HuffingtonPost.com | Bonnie Kavoussi | Posted 01.04.2012 | Business

An increasing number of workers in the troubled Mediterranean countries of Italy, Spain and Greece are having their resumes translated into English an...

Greece Braces For 'Mother Of All Strikes' As Austerity Vote Nears

Posted 12.18.2011 | Business

ATHENS - Harry Papachristou and James Mackenzie) - Greek ships were harboured and garbage rotted in the streets of Athens on Tuesday as angry work...

Follow the Money: Behind Europe's Debt Crisis Lurks Another Giant Bailout of Wall Street

Robert Reich | Posted 12.05.2011 | Business
Robert Reich

If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.

Bonnie Kavoussi

European Crisis Could Tip U.S. Into Recession

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.04.2011 | Business

As the Greek government appears increasingly likely to default on its debt, economists are envisioning potentially dire spillovers to the United State...

Greece Must Shrink Public Sector To Avoid Default, Lenders Say

Posted 11.19.2011 | Business

ATHENS (George Georgiopoulos and Ingrid Melander) - International lenders told Greece on Monday it must shrink its public sector and improve tax c...

Banks Suffer From Fears Of Greek Debt Default

AP | PAN PYLAS | Posted 11.12.2011 | Business

LONDON — Fear that Greece will default on its debt, perhaps triggering a financial chain reaction that will cause another global recession, hurt Eur...

Peter S. Goodman

Credit Rating Agencies, Not Honest Brokers, Now Hold World's Fate

HuffingtonPost.com | Peter S. Goodman | Posted 09.21.2011 | Business

If global finance were anything like the rest of life, no one would be paying much mind to the credit rating agencies, who have been revealed to opera...

Greece: European Leaders Set To Give Financial Rescue Fund New Powers

Posted 09.20.2011 | Business

Update: European leaders have agreed to a new Greek rescue plan that will temporarily cause the country to default on some of its debt, according to T...

ECB Willing To Allow Greek Default, Temporarily, As Part Of Deal

Posted 09.20.2011 | Business

BERLIN/BRUSSELS (Gernot Heller and Luke Baker) - The European Central Bank is willing to let Greece slip into temporary default as part of a crisi...

George Soros: Greek Default Might Be 'Inevitable'

Posted 09.11.2011 | Business

Greece is heading for default, or at least a devaluation, and European Union (EU) leaders have to adopt a "plan B" to stem contagion to the rest o...

International Monetary Fund Agrees To Give Greece $4.2 Billion

Posted 09.08.2011 | Business

(AP) WASHINGTON -- The International Monetary Fund approved on Friday just over $4.2 billion for Greece, the latest installment of a rescue package ai...

Greece Would Likely Default If It Followed French Banks' Plan: S&P

Posted 09.03.2011 | Business

ATHENS (Angeliki Koutantou) - Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, d...

France, Banks Agree To Make Greek Plan More Agreeable To Creditors

Posted 08.26.2011 | Business

The French treasury and banks have agreed on a proposition to make a Greek debt rollover more palatable to creditors through a combination of long...

Bonnie Kavoussi

As Greece Teeters Closer To Default, Investors Bet On Political Will For Preserving European Union

HuffingtonPost.com | Bonnie Kavoussi | Posted 08.20.2011 | Business

As Greece teetered closer to the precipice of government default, investors appeared to come to the conclusion on Monday that although the troubled co...

Greek Prime Minister: Country Discussing Bailout Package 'Roughly Equal' To Last

AP | DEMETRIS NELLAS | Posted 08.19.2011 | Business

ATHENS, Greece — Greece is talking with international creditors about a second bailout package "roughly equal" to the first euro110 billion ($15...

Nouriel Roubini: Greece's Best Option Is To Default

ft.com | Nouriel Roubini | Posted 05.25.2011 | Business

t is time to recognise that Greece is not just suffering from a liquidity crisis; it is facing an insolvency crisis too. Rating agencies have started ...