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.
By Sarah White and Tommy Wilkes LONDON, March 8 (Reuters) - Some hedge funds have found a legal loophole they believe will force Greec...
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.
BRUSSELS — Greece's hopes to finally get its bailout and dodge default next month were boosted Friday, when key European leaders, including Germ...
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.
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.
An increasing number of workers in the troubled Mediterranean countries of Italy, Spain and Greece are having their resumes translated into English an...
ATHENS - Harry Papachristou and James Mackenzie) - Greek ships were harboured and garbage rotted in the streets of Athens on Tuesday as angry work...
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.
As the Greek government appears increasingly likely to default on its debt, economists are envisioning potentially dire spillovers to the United State...
ATHENS (George Georgiopoulos and Ingrid Melander) - International lenders told Greece on Monday it must shrink its public sector and improve tax c...
LONDON — Fear that Greece will default on its debt, perhaps triggering a financial chain reaction that will cause another global recession, hurt Eur...
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...
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...
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...
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...
(AP) WASHINGTON -- The International Monetary Fund approved on Friday just over $4.2 billion for Greece, the latest installment of a rescue package ai...
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...
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...
As Greece teetered closer to the precipice of government default, investors appeared to come to the conclusion on Monday that although the troubled co...
ATHENS, Greece — Greece is talking with international creditors about a second bailout package "roughly equal" to the first euro110 billion ($15...
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 ...
