greece economic crisis
This is the largest -- but by no means first -- wave of arrivals in the country.
People wait at a bus station near Athens' central market on June 9, 2015. (Louisa Gouliamaki/AFP/Getty Images) *Public transport
Although the eurozone is better equipped than it was in the past, it is still a highly imperfect monetary union. In fact, if Greece exits, new vulnerabilities will emerge, and there is no certainty other weak southern periphery economies will actually be protected. This may add to the many reasons for the two parties to reach an agreement this week, allowing Greece to remain in the eurozone. The alternative could be the beginning of the end of the euro.
DUBLIN -- The decisive nature of the No vote should persuade European leaders to set aside their hopes of forcing regime change and to focus their minds on the practical implications of a Grexit. They need to acknowledge something that is widely accepted: that Greece cannot pay back all of the money loaned by Europe. Pushing Greece towards a euro exit is probably the strategy that will ultimately minimize the return of money to the creditors.
Why Congress Holding the IMF Accountable for Failed Policies in Greece Could Actually Make a Difference
Unlike many letters from Congress that are ignored by the executive branch, this one might be taken more seriously by the IMF and the U.S. Treasury department -- which is the IMF's most powerful overseer. One reason is that the IMF has been trying for five years to enact reforms in its governance structure that are very important to the Fund and Treasury -- reforms that can't be enacted unless they are approved by Congress.
European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.
Schwarz is one of the founders of "vouliwatch.gr" ("Vouli" is the Greek word for "Parliament"), a Greek online portal established
During my expedition through the neighborhood I couldn’t shake the feeling that it’s not simply just the frustration of a
Given the abundance of talent in Greece with not many other options to pursue, I truly believe that the startup-scene can generate star players. But we have to stay realistic.
"Italy's government considers it short-sighted and dangerous to underestimate the Greek crisis," Gentiloni told reporters