Greece's Empty ATMs Show the Surprising
WiredGreece's Empty ATMs Show the Surprising Power of Cash—Even in 2015WiredFirst, here's the TL;DR version of Greece's financial breakdown: The country owes more than it can pay, both to other European countries and the IMF, and will vote this coming weekend on whether it will accept a bailout in exchange for taking on more ...and more »
Posted on 30 June 2015 | 4:25 pm
Missing IMF Payment Puts Greece in Uncharted
New York TimesMissing IMF Payment Puts Greece in Uncharted TerritoryNew York TimesThe International Monetary Fund does not use the term default. It instead places countries that miss their payments in so-called arrears. But the failure by Greece to meet its obligation to the fund will prompt other lenders to conclude that Greece has ...Greece Crisis: Bailout Expires, Causing Country to Default on IMF PaymentNBCNews.comGreece misses critical deadline, defaults on obligations to IMFWashington PostGreece defaults on loans9news.com.auReuters -Bloombergall 11,853 news articles »
Posted on 30 June 2015 | 4:17 pm
How Default Could Push Greece Out Of The
NPRHow Default Could Push Greece Out Of The EurozoneNPRThis story was updated at 7 p.m. ET. The deadline passed Tuesday evening for Greece to make a key loan payment to the International Monetary Fund — putting it a step closer toward quitting the euro. There had been last-minute attempts by the ...Greece Doesn't Suffer Too Much Debt, It Suffers Too Little GrowthForbesThe NYT Is Wrong: Greece Shouldn't Accept Endless Depression Because ...In These TimesGreece could be biggest national default in historyWCVB Bostonall 19 news articles »
Posted on 30 June 2015 | 3:52 pm
Tourism in Greece Remains Steady During Debt
New York TimesTourism in Greece Remains Steady During Debt CrisisNew York TimesWith Greece reeling over fears of default and the weeklong closure of its major banks and stock market, travelers are likely wondering how these major financial disruptions will affect their ability to use currency throughout the country. While native ...Greece tourism unaffected by financial crisisUSA TODAYTraveling to Greece? Great Prices, Big ProblemsNBCNews.comTourists are flocking to Greece's collapsing economyQuartzall 35 news articles »
Posted on 30 June 2015 | 2:18 pm
Obama: Greece's problems are a 'substantial
USA TODAYObama: Greece's problems are a 'substantial concern'USA TODAYWASHINGTON — President Obama said Tuesday that Greece's financial problems are a "substantial concern" that would create more economic problems for Europe than the United States. While a Greek default would not generate a "major shock" to the U.S. ...and more »
Posted on 30 June 2015 | 1:35 pm
What a Difference a Year Makes for Greece
As Greece once again flirts with default, the country’s bonds are trapped in no-man’s land, too risky for most mutual funds and not cheap enough for other investors. Signs of economic recovery under a government supporting budget cuts drew investors like Invesco Asset Management Ltd. and BlackRock Inc. toward the bonds. Many of them are now long gone, as a standoff between Greece’s new anti ...
Posted on 14 April 2015 | 4:01 pm
Greece says to pay anti-poverty benefits
Benefits promised by Greece's new radical leftist government to support those who have fallen into poverty as the country carries out EU-IMF imposed reforms will be paid beginning in June, an official said Tuesday. Some 30,000 households will receive between 70 and 220 euros ($75 to $235) a month to support their housing costs, while 300,000 will receive a similar amount to subsidise food ...
Posted on 14 April 2015 | 10:13 am
Greece denies default accusations
Greece denies reports it is preparing to default on its loans if it cannot reach agreement on its bailout terms with international creditors.
Posted on 14 April 2015 | 1:59 am
Greece ‘running out of time to secure aid
Greece is not moving fast enough to draw up and implement structural reforms and there is limited time to prevent it running out of cash, European Commission vice president Valdis Dombrovskis said yesterday.
Posted on 13 April 2015 | 7:10 pm
Greece, eurozone have 'lots of ground to
Brussels said Monday Greece and its eurozone partners were accelerating their talks but had "lots of ground to cover" before April 20 when Athens must release a list of reforms aimed at unlocking key aid funds. "Right now these discussions are gaining speed but time is running out," Valdis Dombrovskis, the European Commission vice-president for the euro, told Bloomberg TV.
Posted on 13 April 2015 | 12:36 pm
Eurozone ministers to weigh latest proposal
ATHENS, Greece – Eurozone finance ministers were set to weigh Greece's latest proposal for aid Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it will ...
Posted on 30 June 2015 | 2:43 pm
Live: Sensex Jumps Over 100 Points Despite
9:50 a.m.: Sensex was up 98 points at 27,879 and the Nifty was trading close to its psychological level of 8,400 on the back of buying in Infosys, L&T, Tata Motors, TCS and Sun Pharma. 9:45 a.m.: Select FMCG stocks face selling pressure. The BSE FMCG index ...
Posted on 30 June 2015 | 2:41 pm
What Happens If Greece Defaults on Its
If Greece fails to pay the International Monetary Fund a $1.7 billion debt coming due at the close of business Tuesday—around 6 p.m. EDT—the country will immediately be in arrears to the fund, an event normally known in the financial world as a ...
Posted on 30 June 2015 | 9:28 am
Merkel Says New Talks Must Wait After Greece
German Chancellor Angela Merkel ruled out an immediate return to debt talks as Greece became the first advanced economy to miss payment to the International Monetary Fund and its European bailout also expired. While Merkel rejected talks before a July 5 ...
Posted on 30 June 2015 | 9:28 am
Greece defaults on IMF payment despite
ATHENS (Reuters) - Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.
Posted on 30 June 2015 | 9:25 am
Council of Europe: Greece could ban Golden
The Council of Europe's commissioner for human rights said Tuesday that Greece has the legal right to ban the far-right Golden Dawn party, the first time an international rights organization has raised the prospect of a ban.
Posted on 16 April 2013 | 3:25 am
Greece holds out hope for 2013 budget target
Greece's finance minister pledged Tuesday to stick with unpopular austerity measures and correct years of profligate state spending, in the hope of securing a budget surplus this year that could pave the way for a new debt reduction deal.
Posted on 15 April 2013 | 12:33 am
Syrian man arrested in Greece with weapons
A senior police official says a Syrian man has been arrested on Greece's northeastern border with Turkey with a large batch of telescopic sights for rifles and shoulder-fired rocket launchers.
Posted on 14 April 2013 | 2:45 pm
Greece charges German with smuggling silver
A German man has been charged with trying to smuggle hundreds of pounds of silver out of Greece, part of a crackdown on the pawnbroker trade flourishing since Athens nearly went broke three years ago.
Posted on 12 April 2013 | 9:04 am
Greece, Germany bicker over war reparations
A long-standing debate over whether Germany still owes Greece war reparations stemming from the Nazi occupation erupted anew Thursday in a spat between Greece's foreign minister and Germany's finance minister.
Posted on 11 April 2013 | 6:12 am
Resolved Question: Why did Macedonia attack
List some reasons why Macedonia attacked Greece
Posted on 26 February 2013 | 3:00 pm
Resolved Question: What happens if Greece
Can someone tell me what the impacts of Greece going bankrupt would be? (on the people and economy). I have cartoon-like images in my mind of the whole country imploding... Obviously I know this won't happen :)
Also, why are they going bankrupt in the first place?
Be as long winded as you like, but please use small/simple words as I'm not an economist/have never studied economics!
Posted on 27 February 2012 | 9:29 am
Resolved Question: What happen to Greece?
I read that Greece is in a financial mess. What did they do to get into that mess? I am thinking; hey, it is Greece. Their government has been around a really long time!
Posted on 14 February 2012 | 6:35 pm
Resolved Question: Whats going on with
why is greeces economy crappy
what made it bad?
who is helping Greece and how are they helping?
how did the EU destroy greece?
Posted on 13 November 2011 | 1:21 pm
Resolved Question: When was Greece founded?
What year was Greece founded, or established?
Posted on 1 November 2011 | 12:11 pm