Neither Grexit Nor Grecovery Nor Grotests
- Mariangela Paone - El Pais
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- June 18, 2013
When writers want to change the course of a story, they use what is called a plot twist. That is what the Greek government has been up to in recent weeks: finding the twist in the narrative of the cri...
Greece Hopes Emerging Market Status Salvation
- Robin Wigglesworth and Kerin Hope - Financial Times
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- June 18, 2013
Greece has managed several unwelcome firsts as the Eurozone crisis has unfolded. Last week, it set another precedent when MSCI, the influential index provider, relegated the country from its developed...
Greek Court Orders ERT Back on Air
ATHENS - Greek Prime Minister Antonis Samaras’ surprise decision to shut down the national broadcaster ERT and fire all 2,656 workers to meet targets by international lenders to shed public workers wa...
Greece Reduced To Emerging Market Status
While Prime Minister Antonis Samaris is crowing that Greece will recover from a crushing economic crisis and return to the markets by next year, the country became the first developed nation to be dow...
Greek Austerity is the Real Tragedy
- Phil Primack - The Boston Globe
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- June 11, 2013
NAFPLIO, Greece - Sipping espressos and smoking away, the Greek millennials packing the fashionable coffeehouse in the port city of Nafplio don’t seem to be suffering through an economic crisis.
But...
Juncker Concedes Mistakes on Greek Bailout
- Derek Gatopoulos - The Associated Press
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- June 11, 2013
ATHENS — Former Eurogroup President Jean-Claude Juncker conceded June 11 that mistakes were made in the bailout of Greece — days after a similar admission by the International Monetary Fund.
The Luxe...
Greek Privatization Effort Takes Big Hit
ATHENS – Just a month after getting a boost with the sale of a 33 percent stake in the gambling monopoly OPAP, Greece’s lagging privatization program received a setback on June 10 the government didn’...
SYRIZA Says IMF Mistake Won't Ease Austerity
- Efty Katsareas - Associated Press
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- June 09, 2013
ATHENS (AP) — An admission from the International Monetary Fund this week that it mishandled the early stages of Greece's massive bailout will not lead to any easing up of austerity measures, the cris...
Samaras Says Golden Dawn Will Set
With his government frozen over how to handle the rising influence of the neo-Nazi Golden Dawn party that has 18 seats in the Parliament, Greek Prime Minister Antonis Samaras said one strategy might b...
Greece Sacrificed In Failed Euro Experiment
- Nigel Farage
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- June 08, 2013
In June 2011, I stood in front of the assembled ranks of Eurocrats – Barrosso et al – with a copy of the IMF charter in my hand and read it out. The IMF expressly rejects the idea of supporting curren...
Happy Days Aren't Here Again In Greece
- Aditya Chakrabortty - The Guardian
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- June 07, 2013
Perhaps you remember reading about a basket case called Greece. The first domino to fall in the Eurozone crisis, it was officially broke and only kept afloat by hundreds of billions in euros from Euro...
For Weary Greeks, IMF's Mea Culpa Too Late
- Lefteris Papadimas and Renee Maltezou
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- June 07, 2013
(Reuters) - Greeks reacted with a mix of vindication and outrage at the International Monetary Fund's admission it erred in its handling of the country's bailout, berating an apology that comes too la...
Why Are Greek Children Going Hungry?
- Evaggelos Vallianatos
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- June 06, 2013
Some of the Greeks I talk to on the phone tell me Greece now is reliving some of the harsh realities of WWII German occupation when hundreds of thousands of Greeks starved to death. Nazi Germany inclu...
Greece Woos Investors In New York
- Shanaz Musafer - BBC
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- June 06, 2013
Greece has launched a charm offensive on investors in New York, as the country’s Alternate Finance Minister, Christos Staikouras, declared “the worst is behind us.” He said the government had worked t...
Greek Unemployment Sets Record 26.8%
ATHENS – As Greek Prime Minister Antonis Samaras has declared that his biggest priorities now are bringing in foreign investors and creating jobs, his coalition administration got bad news that the co...
IMF Admits Big Mistakes On Greece Bailout
- Matina Stevis The Wall Street Journal
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- June 05, 2013
BRUSSELS—The International Monetary Fund has admitted to major missteps over the past three years in its handling of the bailout of Greece, the first spark in a debt crisis that spread across Europe.
...
Lagarde Warns Against Greek Complacency
ATHENS – With economic indicators in Greece starting to show that a slow recovery could be underway perhaps as soon as next year, International Monetary Fund (IMF) head Christine Lagarde, whose agency...
Psst ... There's Good News About Greece
- Maria Paola Toschi - Financial Times
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- May 31, 2013
Which has been the best performing stock market index in Europe over the past year? It’s not the mighty Dax, even though that has set all-time highs. Nor is it a market outside the troubled Eurozone, ...
What Happens To Young Greek Dreams Deferred?
- Mark Lowen - BBC
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- May 30, 2013
ATHENS - Greece’s school exam season has arrived. But for many now facing the final-year tests known as the Panhellenics, the stress is twofold: last-minute cramming and the knowledge that they’ll soo...
Bank of Greece Sees Gloom, Glimmer Of Hope
- Andy Dabilis
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- May 29, 2013
ATHENS – A Bank of Greece monetary report said that the country’s economy will shrink another 4.6 percent this year with record unemployment set to hit 28 percent, but is cautiously optimistic over ot...
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