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Greek Debt Crisis

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...

The World's Most Indebted Countries

24/7 Wall St. | Michael Sauter, Charles Stockdale, Ashley Allen | Posted 02.15.2012 | Business

From 24/7 Wall St.: The Greek government on Sunday agreed to drastic austerity measures in the hopes of securing a 130 billion euro bailout from inter...

Greece Told To Keep On Slashing

AP | By JUERGEN BAETZ | Posted 02.14.2012 | Business

BERLIN -- A new document from Greece's international creditors spells out what further austerity measures they expect Athens to implement to receive f...

What Is Really Happening in Athens

Bernard-Henri Lévy | Posted 04.14.2012 | World
Bernard-Henri Lévy

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.

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...

Mark Gongloff

Greece Is Blowing Up The Stock Market Today | Mark Gongloff | Posted 02.10.2012 | Business

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...

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 Bailout Deal To Satisfy Lenders

Posted 02.09.2012 | Business

Greek political leaders have reached a deal on austerity measures that satisfy European Union and International Monetary Fund lenders, according to Th...

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...

Greece Faces 'Crucial Decisions' Between More Austerity Or Default

AP | DEREK GATOPOULOS and DEMETRIS NELLAS | Posted 04.09.2012 | Business

ATHENS, Greece — A crucial meeting between Greece's Prime Minister and debt inspectors on averting default and a possible exit from the euro end...

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...

Greece's Leaders Seek Bailout Deal Amid Greek Strike, Protests

AP | DEREK GATOPOULOS and GABRIELE STEINHAUSER | Posted 04.08.2012 | Business

ATHENS, Greece — Greece's private creditors signaled progress late Tuesday on a debt-relief deal but crucial talks between Greek coalition leade...

Greece Misses Another Deadline In Bailout Deal Talks

Reuters | Posted 04.07.2012 | Business

* Greek leaders baulking at pay and spending cuts * Merkel says time is of the essence * Paperwork snag delays party tal...

Greek Official On Debt Deal: 'The Onus Is On Political Leaders'

Reuters | Posted 04.05.2012 | Business

* Venizelos says deal should be concluded by Sunday night * Wage, spending cuts remain key sticking points * Papademos e...

Refusal To Cute Wages Complicates Greek Bailout Deal

AP | ELENA BECATOROS and DEREK GATOPOULOS | Posted 04.04.2012 | Business

ATHENS, Greece — "Crucial" issues remain to be resolved in Greece's critical negotiations over a second multibillion euro international bailout,...

Greece Continues Debt Relief Talks As Vital Deadline Looms

AP | NICHOLAS PAPHITIS and ELENA BECATOROS | Posted 03.28.2012 | Business

ATHENS, Greece — Greece was locked in a twin effort Friday to placate its creditors, seeking to secure a crucial debt relief deal with private i...

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.

The Euro Elephant in the German Living Room

David Miles | Posted 03.19.2012 | World
David Miles

Chancellor Merkel and her policymakers have been acting on the basis that Greece is an isolated case. Yet every reactive decision and feeble measure by Berlin increases the likelihood of a Greek tragedy becoming a Europe-wide one.

The S&P and the EU: Timing Is Everything

Adam Levin | Posted 03.16.2012 | Business
Adam Levin

In keeping with a tradition firmly established in the 20th century, Europe suffered a late-night bombing raid on Friday evening.

The Possible Winners Of A Plan To Slash Greece's Debt

Reuters | Posted 03.14.2012 | Business

* Funds positioned for talks to succeed or fail * Part bank-owned funds among the players * Size of fund...

Greek Official: Greece May Need More Money If Bond Swap Fails

Reuters | Posted 03.13.2012 | Business

By Lefteris Papadimas and George Georgiopoulos ATHENS, Jan 12 (Reuters) - Time is running short to clinch a deal on a ...

Greek Official: Budget Deficit Is Worse That We Said It Would Be

AP | NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 03.12.2012 | Business

LAGONISSI, Greece — Greece's finance minister on Wednesday said talks with banks for a debt reduction deal worth euro100 billion ($127 billion) ...

Alas for the Egg That Is Greece

Elizabeth Boleman-Herring | Posted 03.06.2012 | Arts
Elizabeth Boleman-Herring

My own poem, below, is not Meeropol, is not Strayhorn, is not Ritsos. It is me, just me, reacting to the stone that has hit one tiny Greek-egg-of-the-diaspora this fall and winter.

Greek Retailers See Worst Holiday Season In Decades

Posted 12.27.2011 | Business

ATHENS (Reuters) - Greece's stores had their worst Christmas in decades, with retail sales dropping by 30 percent compared with the same period la...