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HOME > WORLD > GREECE


Greece: Default and Exit

The dominant view has been that the Greek debt is the creation of a clientelistic political system that has historically resulted in a bloated public sector, unable to collect taxes. This is not a serious view


Greece's Unlawful Immigrants in Dangerous Hands

An EU court ruling says Greece is too risky for asylum seekers to be returned, but what can the country do when so many want to come in -- and get out?

Will the Euro Survive 2012?

2012 could be the make-or-break moment for the embattled eurozone. Europe could either continue on the path of ever-greater integration - or return to being a regional group of rival states.

The Failure of the Euro

The euro should now be recognized as an experiment that failed. The political goal of creating a harmonious Europe has also failed

Cyprus Gas Discovery Raises Political Stakes

The discovery of large quantities of natural gas offshore Cyprus could give a push for ending the decades-long dispute dividing the island. But it could also end up ratcheting up tensions with Turkey

Europe's Crisis: Beyond Finance

Everyone is wondering about the next disaster to befall Europe. Italy is one focus; Spain is also a possibility. But these crises are already under way. Instead, the next crisis will be political, not in the sense of what conventional politician is going to become prime minister, but in the deeper sense of whether Europe's political elite can retain power

Banker to Head Coalition Government

Banker and academician Lucas Papademos gets the unenviable task of keeping Greece's teetering economy afloat and dealing with more protests and strikes over austerity measures.

Uncertainty Rises as Eurozone Crisis Deepens

With no end in sight for the two-year-old euro crisis, the question now is can the EU survive it while remaining united?

Balkan Minorities Work Towards Functional Multiculturalism

Minorities throughout the Balkans are banding together and drafting constitutional type documents aimed at protecting and serving their rights

Papandreou Survives Vote, Uncertain Coalition Pending

Delivering a plea to keep international aid coming -- and a blistering attack on his rivals -- Greek Prime Minister George Papandreou survived a close vote of confidence

Greece In Chaos as Papandreou Faces Confidence Vote

Greek Prime Minister George Papandreou agreed to make way for a negotiated coalition government, raising hopes for a political consensus on the EU bailout and austerity measures

Greece's Youth: 'I Have No Hope'

Degrees in hand but no jobs and few prospects, many of Greece's young say they'll reluctantly abandon their near-bankrupt country and look for work and a new life in other countries. Others are just resigned

European Union Leaders Reach Deal on Greece, but Worries Remain

European Union leaders have brokered a deal to reduce Greece's debt and hopefully stem the continent's lingering debt crisis. The deal is a major move forward, but it is still only one step in restoring stability on a continent beset by economic woes

The Double Dilemma Facing Weaker National Economies

At the heart of this particular crisis is the unpleasant fact that the common European currency project is, in its present form, simply not working

Argentina: Lessons of Default

This time exactly 10 years ago, in December 2001, Argentina was sinking under the weight of its debts and hardly anyone was watching. In Argentina, you could feel the relentless slide towards catastrophe

Stage Set For 2012 Euro Cup Finals

The stage is set for the 2012 Euro Cup following Friday's draw that saw host Poland and Ukraine getting the top draws while Spain placed in a tougher group. Poland was drawn in Group A along with Greece, Russia, and Czech Republic

Right-Wing Partner in New Greek Government Raises Eyebrows

The small right-wing LAOS party, often accused of extremism, joined Greece's ruling coalition

Is Europe Over?

What made Europe a compelling political, economic, and social alternative wedged between Anglo-American free marketeers and Soviet nomenklatura is rapidly becoming a thing of the past

Restructuring Euro Debt and Latin Lessons

Comparing past sovereign restructurings, William R. Cline, a senior fellow at the Peterson Institute for International Economics, says that Uruguay's orderly default in 2003 offers a constructive example for Greece. The tentative Greek plan is similar to the path Uruguay

Why Does America Defend the Weak and Small?

Only the United States seems to have an affinity for protecting tiny, vulnerable countries. Israelis, anti-communist Chinese, Kurds, Greeks and Armenians have a few things in common. They have relatively small populations, aggressive neighbors, few strong allies, many expatriates and refugees in the United States, and a tragic history of persecution and genocide

Senior Banker Lucas Papademos Named New Greek Prime Minister

Senior banker Lucas Papademos was named to be the new prime minister of an interim Greek unity government that seeks to agree upon a new European debt deal and thwart national bankruptcy for the financially ailing country

EU Leaders Announce New Eurozone Rescue Deal

EU leaders announced a new plan to contain the debt crisis in the euro area, after private banks and investors agreed to write off 50% of Greek debt from their books

Euro Zone Rescue: Deja Vu All Over Again

The crisis won't be over until the underlying flaw of the euro is fixed -- namely the separation of monetary and fiscal policy. German public opinion has to realise that the euro was built on imperfect foundations and that these imperfections must be corrected. Meanwhile, the Italian president of the ECB will need all his technical and political expertise to keep the Eurozone together

Eurozone Rescue or Recession? Fallout of the October Package

It was short-term good news in that it defused 'the bomb' -- the possible catastrophe vortex of failing banks and defaulting sovereigns. The bad news is that it will induce a recession. Banks will create a credit crunch in trying to meet capital adequacy ratios, and the new austerity will create a fiscal contraction

Greeks Unable to Pay Building Maintenance Fees

The lack of paid maintenance and heating fees in urban apartment communities is leaving some tenants out in the cold

As Greek Bloggers Assail the Government, Their Names are Wanted

A country roiling in an economic crisis, strikes, protests and riots is fertile territory for blogs, but a move is afoot to undermine them, critics say

Greek Soccer Turns Ugly

Soccer in Greece is quickly losing its fan base amid scandals and stadium violence

Papademos, New Coalition Government, Tackle Greek Crisis

The new leader must hold together a fractured political system and convince Greeks that more pay cuts and tax hikes to get loans are needed to save their country

On WWII Anniversary, Greeks Say 'No' Again

For Greeks, October 28th is a revered day -- the anniversary of a 1940 response to Mussolini's demand that Greece surrender without a fight during World War II. But this year, Greeks are standing up to their government against what they perceive as sacrificing the country's sovereignty to foreign lenders

Greek Workers and Pensioners: The Damage Is Done

Greece will write off 50% of its new debt, but workers, pensioners and the poor say it won't help them in the aftermath of pay cuts, tax hikes, slashed benefits and thousands of coming layoffs

Europe, the International System and a Generational Shift

The financial crisis had its greatest impact in Europe, where it is triggering a generational shift. Since 1991, the idea of an integrated Europe has been a driving force of the global economy. Europe also has been presented as an implicit alternative to the United States as the global center of gravity

The Perverse Side Effect of the Euro

We may be looking at the possibility of a worldwide financial meltdown

Can Europe's Divided House Stand?

Conventional wisdom has it that the eurozone cannot have a monetary union without also having a fiscal union. Euro-enthusiasts see the single currency as the first steppingstone toward a broader economic union, which is their dream. Euroskeptics do, too, but they see that endgame as hell -- and would prefer the single currency to be dismantled

Battle for the Hearts, Minds and Wallets of Greeks

As Greeks marched to protest more austerity, the government said is critical to save the country from going under

Democracy in Revolution: the Mediterranean Moment

By showing us the possibility of democracy in revolution, the Mediterranean has ignited a revolution in democracy, one that is redefining the meaning of both terms

France Teetering on Edge of Financial Precipice

France, like all of Europe, is caught in an economic tsunami, and France is teetering at the edge of the precipice. Every week, it seems, presidents and prime ministers hold urgent meetings searching for a solution, culminating with the G-20 convocation recently. Still, the problem grows only worse


Bulgaria, Romania and Greece Initiate EU strategy for Balkans

Solving A Deadly Eurozone Sovereign Debt Crisis

Greece: Strike Turns Violent as Protesters, Police Clash

Behind Europe's Debt Crisis Lurks Another Wall Street Bailout

Better Ways Forward for the European Union

Greece: 48-Hour Greek General Strike

Assessing the Damage of the European Banking Crisis

A Win-Win Strategy for Investors in Greece

Greek Anger and Greece's Survival

Amid Strikes, Greek Workers are Hurting

Without Textbooks Greek School Year Starts in Confusion

European Crisis: Precise Solutions in an Imprecise Reality

Cyprus: Waters Roil in Eastern Mediterranean

Turkey: Making Room for Religious Minorities

Despite Austerity Measures Greece Will Still Miss EU Budget Cut Targets

Greek Parliament Approves New Property Tax

Preparing for Greece's Failure

Greeks to Face Further Tough Measures

Greece Working to Convince EU it Can Meet Austerity Demands

Albania's Unsettled Past

Balkans Summit Extols Regional Co-Operation

Erdogan Pushes for Common Future with Balkan States

Eurozone Pushes Greece to Speed Up Economic Reforms

Italy and Greece Ask Albania to Unify on European Agenda

Turkey's Neo-Ottoman Foreign Policy

Greece Unveils New Measures to Prevent Default

Merkel: Europe Must Avoid 'Uncontrolled' Greek Default

The Eurozone Debt Crisis: Why the IMF Proposal is Flawed

The Crisis of Europe and European Nationalism

Collateral Deals will Have Negative Impact on Greece

Greece Forecasts Economic Contraction to be Worse than Expected

Eastern Mediterranean Olive Oil Producers Seek Markets in Far East

European Union Spending Cuts and Tax Hikes Hurt GDP Growth

Macedonia Eyes Its Future in Antiquity

Greece Mulls Extending Bond Swap Terms

Eurozone Crisis: Greek Tragedy

Greece's 2nd bailout: Debt Restructuring with No Debt Reduction?

Istanbul's Greek Schools Struggle Amid Funding Shortage

Looking at Greece in the Argentinean Mirror

A Cyprus Solution By The End of The Year?

The Rise of Turkey in the Balkans

Some Albanians Consider Changing Nationality for Profit

Postcard From Greece: This Should Not Be About Austerity, It's About The Future Of Democracy

Greece and EU Attempt to Avoid Disastrous Default

Greek Crisis: Brace for More Volatility in Financial Markets

Greek Parliament Narrowly Approves Austerity Program

Violence Mars Strikes in Greece

Greek Cabinet Approves Austerity Measures; Debt Default Still Possible

Greek PM Papandreou Survives Confidence Vote

IMF Urges EU Leaders to Act Now on Greece Bailout

European Finance Ministers Delay Second Greek Bailout To July

Greece Is The World's Least Credit Worthy Nation

Europe Is Warning Us

Europe: No Happy Anniversary

5 Economies Worse Off Than the United States

How to Save the Euro and the European Union

Greek Independence Day: A National Day of Celebration of Greek and American Democracy

Athens, Greece: Offbeat Athens

Athens: A New Look for an Old City

Ancient Olympics Meet Wild West

Exploring Greece's Ancient Past: Delphi, Epidavros & Mycenae

Greece: Model of Socialistic Excess

Greece Financial Crisis Raises Doubts About European Union

Muddling through Greece's Tremors

Greek Financial Debt Crisis Only Part of EU's Woes

On the Job

How Greece's Debt Crisis Affects America

Euro's Fiscal Policy Will Give Pause to Reserve-Currency Allocators

In World's Economic Crisis, Competition in Ignominy Remains Keen

Economic Risk in Greece and Other Countries Spooking Investors

 


Anonymous attacks Greek ministry website to protest country's signing of copyright treaty
Notorious Internet hacking group Anonymous has launched a cyber-attack on the Greek Ministry of Justice website and threatened further action if Athens does not withdraw its decision to sign a global

Eurozone ministers to continue talks on Greece bailout
ATHENS (AFP) - Eurozone finance ministers were to confer by telephone on Saturday after 12 hours of talks in Athens failed to produce a breakthrough on a deal to bail out Greece, the Greek finance ...

Euro Drops as Greek Debt Stalemate Increases Crisis Concern
Feb. 4 (Bloomberg) -- The euro fell against the yen, dropping from a one-month high, as an unresolved Greek debt-swap agreement with private bondholders added to concern the region’s fiscal ...

Greece Seeking Second Rescue Faces Battle to Stay in Euro
Feb. 3 (Bloomberg) -- Greece’s fight to win its second international bailout may only open a new chapter in its struggle to remain in the euro ...

Greece Talks Enter ‘Final Phase’ With Second Bailout at Stake
Feb. 4 (Bloomberg) -- Greek talks with international creditors in a seven-month effort to wrap up a second bailout will continue today after negotiations overnight failed to clinch an agreement, ...

Greek private-sector workers reject more pay cuts
ATHENS, Greece - Greek unions and employers' associations Friday rejected private-sector wage cuts, as demanded by the country's international bailout lenders if Athens is to receive a new ...

Greek Premier Is Tested in Impasse Over Pay Cuts
Greece ’s interim prime minister on Friday when his three-month-old government reached an impasse over proposed demands by the country’s foreign lenders to reduce private-sector wages ...

Ministers to discuss Greece amid bailout deadlock
ATHENS: Eurozone finance ministers were to confer by telephone on Saturday after 12 hours of talks in Athens failed to produce a breakthrough on a deal to bail out Greece, the Greek finance minister ...

Greece struggles on reform, lenders eye rising bill
Greece's government struggled on Friday to agree tough labor reforms that would appease both wary political leaders and irate lenders faced with a rising bill to save the country from ...

Greece yet to resolve major issues in talks with lenders
People walk on central Athens square on February 3, 2012 where a greek flag and words reading 'oh, Greece I love you' are hung froma department store facade. Eurozone finance ministers ...

Greek debt talks to stretch into weekend
IMF chief debt inspector Poul Thomsen arrives at a government office building before meeting Greek Finance Minister Evangelos Venizelos in central Athens on Friday, Feb. 3, 2012. Unions and ...

Euro Fails to Crack $1.32 – Greek Tragedy Enters Final Act
It's been a far-fetched scenario to suggest that Greece may leave the Euro-zone altogether, as an orderly default seemed like the likely outcome. The script changed this past week, with ...

The 'new homeless' of Greece
In the heart of central Athens, a stone's throw from the city's glorious ancient sites, another face of today's Greece is on show. Hundreds weave their way around the small, bare ...

Hackers attack Greek Justice Ministry website
ATHENS, Greece (AP) -- Hackers have attacked the Greek Justice Ministry website to protest the government's signing of a global copyright treaty and its handling of the financial ...

Privatisation plans spur more protests in Greece
31/05/2011ATHENS, Greece -- Ports will be blocked for four hours Tuesday (May 31st) due to protests by workers against the government's privatisation plans. Port workers will gather outside of ...

Greece Draws Line As Unity Government Leaders Refuse To Cede To Further Troika Austerity Demands
February 3, 2012 It appears that Greece will not even have to wait until the dreaded March 20 funding D-Day. As was earlier reported, Greek PM Lucas Papademos may resign if he is unable to persuade ...

Greek Cyprus lawmakers rebuke UN envoy Downer
Greek Cypriot president Christofias (C) waves to the media as he welcomes UN envoy Alexander Downer (L) before meeting at a UN compound in Nicosia in this file photo. AA Photo The Greek Cyprus ...

Papademos, Greek Premier, Is Tested in Impasse With Lenders
Greece ’s interim prime minister on Friday when his three-month-old government reached an impasse over proposed demands by the country’s foreign lenders to reduce private-sector wages ...

New Greek package may require up to 145 billion from euro zone
","OPTION_STR":"Options","BLOCK_SENDER_MSG":"Block sender","START_A_NEW_CNV_STR":"Start a new ...

Greek rescue package talks blocked by unions and employers
Antonis Samaras, leader of the conservative New Democracy party, joined employers in proposing a pay freeze but opposed cuts to pensions and wages. Photograph: John ...

Greek-style baby goat soup
Super Bowl feasts are nothing but hate crimes against your taste buds. Those bland Buffalo wings, that bleh cheese dip, the boring little sliders. Do you really want a Betty Crocker empanada? Of ...

Greece struggles on reform
Greece's government struggled on Friday to agree tough labour reform that appeases both wary political leaders and irate lenders faced with a rising bill to save the country from ...

Greek Bailout May Have to Be $19.7 Billion Higher
At the same time, Greece expects its 2011 budget deficit will be smaller than expected thanks to an emergency property tax, a finance ministry official said on Friday, a development that could help ...

Greece needs extra $20 billion
debt burden by about euro100 billion and that -- plus an agreement to enact deep spending cuts -- could pave the way for a euro130 billion bailout from its European partners and ...

Euro-zone ministers won't meet Monday on Greece
FRANKFURT (MarketWatch) -- Euro-zone finance ministers canceled a meeting that had been tentatively set for Monday, according to an announcement released Friday on behalf of Luxembourg Prime ...

Germany opposes Greek debt write-down for ECB
LONDON (MarketWatch) -- German Economy Minister Philipp Roesler rejected calls for the European Central Bank to take a hit on its holdings of Greek government debt in an interview published by The ...

Anonymous Deface Greece's Justice Ministry in IMF Protest
IMF posted on the website of Greece's justice ministry Anonymous' hackers accessed the website of Greece's justice ministry, posting a message of protest against the EU ...

Global traders get frustrated with lack of progress in Greece
Progress on a deal between Greece and its private debt holders continued to stall on Friday, as euro zone finance ministers pledged yesterday to try and agree to a second financing package for ...

Crisis-hit Greeks 'have moved 16 bn euros abroad'
Greeks have moved at least 16 billion euros ($21 billion) in funds to foreign banks in the last two years, about a third of which went to Britain, the finance minister said on Friday. Evangelos ...

Anonymous hacks Greek Justice Ministry
Anonymous took down the Greek Justice Ministry website this morning as part of a day of action in protest against the Mediterranean country’s intention to sign the controversial anti-piracy ...

Greek PSI Developments and US NFPs Likely Sources of Next Volatility
Euro gains have stalled out, and in the end, it has been a week of consolidation in the markets. EUR/USD remains the key market to watch for broader directional insight, and the critical short-term ...

The Powerful Resist Change to Greek Tax System
Files and forms continue to pile up around a tax office in Athens. Greece's tax collection system is plagued by inefficiency and resistance from powerful ...

Forex - Stalled Greece Negotiations Will Weigh On Euro Going Forward
Talks between Greece and its private sector creditors have still not come to a conclusion and there has been a complete absence of updates on progress this week - raising the uncomfortable ...

New Greek deadline set, US jobs due
The "Story That Never Dies" may have a date with the executioner. It was announced yesterday that a meeting this upcoming Monday (Feb 6 th ) is the new deadline for the parties to agree on ...

Cold weather hits Greece homeless
The recent freezing weather in Europe has hit the poorest hard. That is particularly true in Greece, where the deepening economic crisis has created a growing number of homeless people. With ...

What we worry about when we worry about Greek debt
It's been two years since a financial crisis erupted in the birthplace of drama, and the final act is still unfinished. A second week of talks in Athens ended Friday with no deal between the ...

NZ shares fall as markets await Greek progress
New Zealand shares fell after Warehouse Group lowered its guidance and led a decline among retailers on the NZX 50 Index. Investors are awaiting progress over the weekend on Greece's debt ...

Race is on to secure Greek bailout deal this weekend
ARTHUR BEESLEY, European CorrespondentTALKS ON Greece’s second international bailout are into the endgame as officials work to conclude a complex debt restructuring deal this weekend.The race ...

Greece News latest RSS headlines - Greek Herald.com
Provides the latest RSS feeds for Greece News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page

 

Government braces for troika
As a delegation of inspectors representing the country's international creditors prepares to return to Athens on Thursday to check whether authorities have pushed through the necessary reforms to secure the fourth installment of a multi-billion-euro rescu... ...

Migrants arrive at Piraeus for hunger strike
Immigrants shout slogans after arriving at the port of Piraeus in the early hours of yesterday morning. More than 200 immigrants, most of whom are from North African countries and have been employed in menial jobs on the island of Crete are to begin a hun... ...

Pharmacists to continue action
Pharmacists who object to the government's plans to open up their sector to competition decided over the weekend to resume their action with another three-day strike starting Wednesday while insisting that a handful of duty pharmacies that would remain op... ...

Out-of-towners trounce AEK
A controversial penalty by David Fuster allowed Olympiakos to beat Asteras Tripolis 1-0 away last night and extend its lead at the top of the Super League to seven points, but the shock of the soccer weekend came with AEK's thrashing at home by newly prom... ...

Graft report to go public
As the parliamentary committee probing the Siemens cash-for-contracts scandal prepares to submit its report to the House today, the two main political parties - which both have cadres implicated in the affair - continued to trade barbs while speculation a... ...

The Cartoon Of The Day
.... ...

Dangerous stunts
When it comes to investigating the big scandals, Greek politicians are playing a very dangerous game. Cynical as it may sound, perhaps it would have been better not to set up all those parliamentary committees looking into the various scandals. Sure, that... ...

No more pie in the sky
Greece's European Union partners and international lenders seem to acknowledge the mammoth effort being made by the government as well as the people to streamline the national economy. As a result, all sides are close to agreeing on a rescue plan that wil... ...

WHAT'S ON
... ...

Banks needs to adopt new strategy in market even after economy improves
The majority of Greek banks appear to share the view that they are suffering the consequences of the severe economic and debt crisis and that everything, or at least almost everything, will go back to normal once the crisis fades away. In so doing, most o... ...

Kathimerini English Edition : Print Edition : 24/1/11

 

Anonymous hacks Greece

Author: New Europe

Anonymous took down the Greek justice ministry website in protest against the country’s intention to sign the controversial anti-piracy legislation, ACTA.

Eurozone prepares for overall solution

Author: New Europe

With reassuring signs from Italy and Spain that the two countries are on a sound financial track, applying effective policies on both state deficits and banks' recapitalisation, Greece remains the black spot, given that Ireland has already entered a ‘virtuous circle’ that is solidly based on trade surpluses, while Portugal's problems are considered negligible.

Will ECB participate in PSI in favour of Athens?

Author: New Europe

All this week, European financial markets have kept rising, discounting the probability of a swift Greek deal. From Athens to London and from Paris to Frankfurt, stocks have strengthened despite the strong negative political and social reactions in Greece over the troika’s demands for a complete deregulation of the country's labour market.

The Chancellor who played with fire

Author: Joschka Fischer

BERLIN – German Chancellor Angela Merkel should be happy nowadays: her party’s approval ratings aren’t bad, and her own are very good.

A trillion euro for Eurozone firewall

Author: New Europe

EU leaders, with the exemption of British Prime Minister David Cameron and his Czech counterpart Petr Necas, agreed on 30 January in Brussels on the principles of the new Union treaty 'Fiscal Pact', which provides for strict controls and severe punishments for member states that do not comply with government budget-deficit restrictions.

Step by step towards an Athens agreement

Author: New Europe

Greek Prime Minister Loukas Papademos, who participated in the 30 January extraordinary summit of the 27 EU leaders, had almost nothing to say after he met with German Chancellor Angela Merkel late the same night.

Good news…but only from Rome

Author: New Europe

A significant reduction in interest rates was noted in the auction of Italian treasury bonds of multiple maturities on 30 January.

Brussels aims to solve latest 'Athens enigma'

Author: New Europe

The latest chapter of the Athenian tragedy of the past two years has been written in Berlin, and Greek Prime Minister Loukas Papademos is to hear it recited in Brussels on 30 January in an extraordinary Summit of the 27 EU leaders.

The politics of shame

Author: Dr. Demetris Kamaras

Greeks view political behaviour of Germans as a ruthless idiosyncrasy. Well, guess what, Germans tend to view Greeks in a bizarre way too; it gets worse due to their true admiration of Greeks’ ancient ancestors and their firm belief that we do not deserve the legacy. Why’s that? Simply because EU partners see Greeks sitting on multi-billion rescue packages, trying to protect a system of inefficiency, corruption and political clientelism (stupidity).

Samaras tries to rekindle ties with Russia

Author: Kostis Geropoulos

On 26 January, Russian Prime Minister Vladimir Putin received New Democracy party leader Antonis Samaras in Moscow, with talks focusing on revamping Greek-Russian relations and prospects for increasing bilateral co-operation, especially in energy.

Closer to an Athens deal

Author: New Europe

Converging information from Athens, Brussels and Davos indicates that the agreement between the Greek government and its creditors is almost concluded.

Greece and Cyprus in breach of EU landfill legislation

Author: New Europe

The European Commission is urging Greece and Cyprus to comply with the requirements of EU landfill legislation in Cyprus and on the Greek islands of Zakynthos and Corfu.

What kind of ‘more Europe’ does Merkel want?

Author: Dionyssis Kefalakos

The Eurozone these days appears to be stuck in the miser ideology of the average German family.

What should an investor be doing right now?

Author: Clem Chambers

With central banks and politicians still at the forefront of the recovery as the IMF predicts Europe is entering recession, the role of the free markets have come into question. Clem Chambers, CEO of stocks and shares information site ADVFN.com and author of 101 Ways to Pick Stock Market Winners, asks whether a free market actually exists or is the world economy rigged?

Greek tragedy set to 'play' until 13 February over Private Sector Involvement

Author: New Europe

On 23 January, the Euro Working Group (EWG) and the 17 Eurozone ministers agreed to continue exerting pressure on the banks until 13 February over the Private Sector Involvement (PSI) scheme to alleviate the Greek debt.

Greece

 

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