greece

As worries over Greece continue, G8 nations have in rhetoric said they stand by efforts of austerity and some stimulus to try to get Greece out of the mess it is in and keep it in the eurozone. The driver of the game is contagion of course. source...

This is frightening. Unfortunately, given the circumstances it might even somewhat make sense. http://www.nydailynews.com/news/world/greek-voters-flock-anti-bailout-groups-leaving-parties-seats-form-a-government-article-1.1073530 And this is why no country lives in a vacuum. It is also why...

Yes, you read that right. Greek 1-year debt is currently at 117%+ (as in more than double your money in a year) as the game finally seems to be up. Yields took the road to asymptote after some German officials finally admitted that Greece might just have to default and possibly leave the EU...

Check out this piece by John Lanchester which goes over all the moving parts in the Greece and EU crisis. It is very well written and worth the read: http://www.lrb.co.uk/2011/06/30/john-lanchester/once-greece-goes

As the turmoil continues there are people making all sorts of suggestions and predictions as to what will happen to Greece. Another bailout could be possible (which would likely mean goodbye to some of Germany's current politicians' reelection hopes), but further austerity is likely needed for...

3 dead as violence grips the country.

The Eurozone in collaboration with the IMF (International Monetary Fund) have agreed to a 110 billion Euro bailout of struggling Greece. The bailout will come with restrictions and Greece is expected to make some big spending cuts. The bailout must still be approved in several Parliaments of EU...

With the crisis in Greece many have warned of similar fates for Portgual and Spain. Just today, the credit rating on Portugal's debt was reduced to AA- by Fitch Ratings. The rating agency also warned of future reductions unless the government changes its fiscal policy, which currently includes a...

In light of the crisis in Greece, does anyone have any predictions of what will happen to the Euro or EU? After the crisis unfolded, everyone looked to one of the EU's strongest economies: Germany. Germany seems to be skeptical of a bailout now because a bailout of Greece could set an unwanted...

In the midst of a severe financial crisis, tens of thousands of protesters took to the streets in Greece for a 24-hour strike. Shortly after some violence also began as some young people began to throw things at police. The anger is the result of massive spending cuts which were required due to...

With the economic crisis in Greece, the EU is expected to be more wary about expansion moving forward. Nothing official has been said yet, but most now agree that Estonia will be the only country to join the EU within the next five years. With people in eastern Europe already showing wariness...

Amid a massive budget deficit and growing financial crisis, Greece recently announced spending cuts along with a state wages freeze and tax reform. After poor outlooks for Greece and the Euro, the EU seems to be ready for a bailout of sorts for Greece as well as other nations that could be in...

Voters head to the polls today with the Panhellenic Socialist Movement leading in public opinion polls. Should be interesting.