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.
Defaults are difficult. But even more so is austerity. The good news for Greece is that, as Argentina showed, there may be life after debt and default.
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.
BUENOS AIRES -- Athens in 2015 will become like Buenos Aires in 2001. Greeks now face the prospect of prolonged capital controls, severe political unrest and eventually a confiscation of ordinary citizens' savings to finance a government's withdrawal from the world.
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
BRUSSELS, March 20 (Reuters) - Greece promised on Friday to speed up implementation of its extended bailout agreement and
Predictably, the unemployment rate rises above 25 percent, riots and demonstrations ensue, and an extreme right-wing party rapidly gains adherents. What this will mean for Europe's political future is unclear.
With a decision on a new tranche of aid to Greece not expected until September, the country's already dire financial position
I shall concede all you want me to concede about my fellow Greeks on condition that you give me a plausible answer to a simple question: What on earth is Europe doing to Spain as part of this Grand Plan?
When a country is pushed to desperation and people lose hope, hate mongers gain ground. However, we need to raise our voices to prevent the Greek Parliament from being infested by extremists.
Greek diaspora groups can play a role in helping Greeks address their political, economic and social crisis, but only if they do so with those in Greece that are building the foundations of a more prosperous, equitable and healthy future.
The word 'crisis' has practically become a synonym to 'Greece' over the last year. But Greece is only a mirror of the world, which is perhaps why it draws such intense emotion and fascination.