Drowning in red ink, Greece has nowhere to turn to revive the economic growth that might put its debt on a sustainable trajectory, reassure angry foreign creditors and offer hope to its recession-weary citizens. Instead, the country finds itself in a vicious circle — a death spiral, some would say — in which [...]
Greece continues to be the card that threatens the stability of the economic eurozone. Melissa Block of National Public Radio talks to Elena Panaritis, one of the Greek prime minister’s financial advisers, about the underlying causes of the crisis — and the future of the Greek economy. BLOCK: Greece says [...]
Europe’s long, halting struggle with deficits and debt can seem like the agonies of Macbeth: “Tomorrow, and tomorrow, and tomorrow, creeps in this petty pace from day to day, to the last syllable of recorded time.” The 17 European Union nations that share the euro don’t have that much time, of course, to [...]
One by one, European parliaments are blessing a $600 billion bailout fund considered an important step in solving the region’s financial crisis. But there is an unspoken problem: The fund may not be big enough to do a job that involves backing such major countries as Italy and Spain and boosting capital [...]
Some of the biggest of Greece’s debt-laden banks may be headed for nationalisation, particularly if debt restructuring becomes more aggressive and investors continue to dump their shares. Hostage to about 40 billion euros of toxic government debt on their books in the form of deeply discounted bonds, their fate is inextricably tied [...]
Clearing another significant hurdle in the European debt crisis, the German Parliament voted overwhelmingly on Thursday for the expansion of the bailout fund for heavily indebted European countries. The front now shifts to tiny Slovakia amid questions about an approval process already months long and still not complete, writes Nicholas Kulish in the [...]
To many Greeks, the euro means sky-high unemployment, ruinous debt and shuttered storefronts. Dwindling euro coins in Greek pockets now feel like a curse rather than a blessing, writes Michael Birnbaum in the Washington Post. And being welded to the same currency as the rest of Europe is forcing the [...]
CNN’s John Defterios spoke exclusively to Greece’s Finance Minister Evangelos Venizelos in Athens, telling Defterios “the Greek people are absolutely ready to accept very strong sacrifices” in order to reestablish national dignity and fiscal and financial independence. Click here to watch the video. “Our decision, our determination, is to fulfill [...]
On Thursday the Bundestag voted in favour of extended powers for the European Financial Stability Fund (EFSF), ratifying a proposal put forward by European leaders on July 21, writes Damian Reece for the Telegraph. “It has taken more than two months to get to this stage,” writes Reece, “including weeks [...]
Germany kept alive hopes that the 17-nation euro currency can survive the sprawling debt crisis when lawmakers in Europe’s largest economy voted overwhelmingly on Thursday in favor of expanding the powers of the eurozone’s bailout fund. The vote strengthened Chancellor Angela Merkel’s center-right coalition, which had struggled to win support from [...]
Confronting the Other Crisis: Human Rights in Greece
The economic crisis [...]
Adding Spice to Greek Exports
Entrepreneur Onic Palandjian [...]
While the shipping [...]
In the 20th [...]
Giving Greece’s Wildlife A Chance
While most of [...]
In the 20th [...]
Paradise for students: College Year in Athens Summer Program
By Chris Blake
“We’re all in this together”: Volunteers respond to Greek crisis with a Free Clinic
By Dimitris Polymenopoulos
Another plus for Greek agriculture: Eco-tourism on the rise
By Vasiliki Mitrakos
That’s Greece vs. That’s Not Greece
By Chris Blake
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