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Greek Bailout

Austerity: 2011's Darling Becomes 2012's Pariah

Arianna Huffington | Posted 07.29.2012 | Business
Arianna Huffington

There's a new scarlet letter in town. Actually, it's the same letter -- "A" -- but it stands for a different word that's increasingly regarded as shameful: Austerity. The darling idea of 2010 and 2011 has become the pariah concept of 2012. And the evidence of profound change is all around, from France and Greece to Germany and -- gasp -- the Republican Party. The change, when it comes to the conventional wisdom on austerity, has come from a combination of public pressure and leadership: one pushing up from below, the other pressing down from above. None of this means that we should break out the Keynesian champagne any time soon. But it's clear the forces of austerity are in retreat. And that's a very good thing.

Greeks 'Just Don't Feel LIke Having Sex' Amid Economic Downturn

Reuters | Posted 07.27.2012 | Business

* Sex shops say business has plummeted * Greece imports its erotic toys * Return to drachma could spell death of industr...

Greek Elections, Lessons From Argentina 2001-02 ...and a Call for Sanity

Alexander Mizan | Posted 07.09.2012 | World
Alexander Mizan

Greece is on the verge of a national catastrophe. The local political leadership has made successive mistakes, only to be compounded by the recent vote. Let's examine the scenarios.

Greek Elections: Extreme Right Leader Warns Greek 'Traitors'

AP | NEBI QENA | Posted 05.06.2012 | World

ATHENS, Greece -- The leader of an extreme-right, anti-immigrant party on course for shock success in Greece's general elections Sunday lashed out at ...

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?

Greek Marbles Don't Rust. Is the Greek Soul Made of Marble, Too?

Irene Nikolopoulou | Posted 05.27.2012 | World
Irene Nikolopoulou

What we cannot be accused of having invented the tragedy of the world debt crisis. Yes, we invented the tragedy (Thespis), but we also invented the comedy (Aristophanes).

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 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.

Hey Greece, Forget The EU, The Internet Is Coming To Your Rescue

The Huffington Post | Bonnie Kavoussi | Posted 03.02.2012 | Business

Greek protesters, European finance ministers, and central bankers: you can go back home now. Financial markets, rest easy. Greece has been saved. Sort...

Give It Up for Lent

Patricia McGuire | Posted 04.23.2012 | DC
Patricia McGuire

While Lent is traditionally about private sacrifice, with so much talk of religion in the public square, it seems like a good time to consider embracing some collective acts of atonement for the sorry state of human behavior.

What Do the Greek Austerity Measures Mean for Education?

Sarah Butrymowicz | Posted 04.23.2012 | World
Sarah Butrymowicz

Last week, the Greek government passed new austerity measures, making even deeper cuts to the country's public sector. Thousands of Greek citizens have taken to the streets to protest the plans.

Default Fear Sparks Call for Action

Elena Panaritis | Posted 04.22.2012 | World
Elena Panaritis

The Greek bailout deal is a 130-billion-euro step towards resolving the Eurozone crisis. But it's just one more step on a very long path of economic recovery.

Think the Problems in Europe Are Over? Think Again

John R. Talbott | Posted 04.22.2012 | Business
John R. Talbott

The Europeans are taking a page from Hank Paulson's book, who claimed that if you had a big enough bazooka, you probably would never have to use it. But, the European bazooka looks more like a pop-gun when you look at the magnitude of the potential problems there.

Just When You Thought The Greek Crisis Might Be Over

Reuters | Posted 04.22.2012 | Business

* Debt/GDP could rebound to 160 pct in 2020 if reform delayed * Experts say austerity imperative clashes with boosting growth ...

Euro Zone Reaches Greek Bailout Deal

CNBC | Posted 04.21.2012 | World

Euro zone finance ministers struck a deal early on Tuesday for a second bailout program for Greece that includes new financing of 130 billion euros an...

Greece To Receive $170 Billion Bailout

AP | GABRIELE STEINHAUSER and SARAH DiLORENZO | Posted 04.21.2012 | Business

BRUSSELS — After more than 12 hours of talks, the countries that use the euro reached an agreement early Tuesday to hand Greece euro130 billion ...

Mr. Market Rather Optimistic About This Whole Greece Situation

AP | PAMELA SAMPSON | Posted 04.21.2012 | Business

BANGKOK — Asian stock markets fell Tuesday even as European leaders appeared to have finally clinched a deal for a rescue package to prevent Gre...

Movin' On Up

Reuters | Posted 04.18.2012 | Business

* Optimism about vote on Greek bailout due on Monday * Market edges closer to levels not seen since June 2008 * Gilead s...

The Human Costs Of Austerity: Greek Woman Threatened To Kill Herself

The Huffington Post | Bonnie Kavoussi | Posted 02.15.2012 | Business

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...

Greek Protests Continue As Lawmakers Debate Severe Austerity Measures

AP | By NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 04.13.2012 | Business

ATHENS, Greece -- Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from ...

Greece Nears Bailout Deal To Stave Off Disaster

AP | DEMETRIS NELLAS | Posted 04.12.2012 | Business

ATHENS, Greece — Warning of a "catastrophe" that would leave Greeks subsisting on food stamps and the country wallowing in bankruptcy, Greek lea...

A Modern Greek Tragedy

George Kenney | Posted 04.10.2012 | World
George Kenney

The fault accrues much more to Eurozone authorities than to Greece because, politically, the Europeans have long dodged the critical fact that their limited currency union is unworkable.

Greek Leaders Fail To Agree On Bailout Deal, As Default Looms

Reuters | Posted 04.10.2012 | Business

By George Georgiopoulos and Harry Papachristou ATHENS, Feb 9 (Reuters) - Greek leaders failed early on Thursday to agr...

German Official: 'The Situation Is Getting More Problematic For Greece Day By Day'

Bloomberg | Marcus Bensasson, Natalie Weeks and Maria Petrakis | Posted 02.08.2012 | Business

Feb. 8 (Bloomberg) -- Greek Prime Minister Lucas Papademos is set to negotiate with leaders of the political parties supporting his caretaker governme...

Should Greece Get a Second Bailout?

Thanos Dimadis | Posted 03.25.2012 | World
Thanos Dimadis

Actually, I agree with the analysts who say that Greece does not not deserve a second bailout program from the EU, ECB and IMF. I would add, though, that Greece doesn't deserve it only if this program is to be created with the same failed recipe used before.