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The economy in Greece continues to grind to a halt. Michelle Caruso-Cabrera tells us the parts of Greece’s economy that are suffering most.
Germany’s Merkel is demanding even more from Greece.
With the crisis in Greece fast becoming the center of investors’ attention, interest in Greek stocks has blossomed. But the claim that betting on Greek stocks resembles buying a lottery ticket would be even more accurate than the critics of such a strategy may know. In a fascinating if perhaps flip comment, Yale professor of …
Kate Rogers tells us why small businesses half a world away from Greece and feeling the squeeze of its debt crisis.
What happens next in Greece now that voters have said “no” to more austerity?
Stay tuned for analysis on Greece where citizens voted “no” in Sunday’s referendum, opting to turn down a proposal from international creditors that would have included more austerity reforms. Meanwhile, Greek Finance Minister Yanis Varoufakis has stepped down from his post and European officials are awaiting new proposals from the debt-stricken country. For the latest …
Greece’s decision to reject the terms of its creditors sent shockwaves across global markets on Sunday, even as experts said the fallout should be limited. Markets fell sharply in the wake of Sunday’s referendum that saw an overwhelming majority of the public vote down the country’s deal with its creditors. Although many have warned of …
Still no deal in Greece after another round of negotiations failed and for the country’s pensioners, the situation is getting worse.
Greece is widely expected to miss its 1.6 billion euro ($1.8 billion) payment due to the International Monetary Fund on Tuesday, but one British man is hoping a bit of pocket change can help pull Greeks out of their misery once and for all. Young Londoner Thom Feeney has launched a crowdfunding campaign to raise …
U.S. stocks had their worst day of the year as positions hardened in the long simmering Greek debt crisis.
With Greece nearly certain to default on a 1.6-billion-euro bond payment due June 30, the long-feared prospect of Hellenic financial chaos is just about here. The nation’s banks closed this weekend, and the government imposed controls of the movement of capital in and out of the country. A Greek referendum is set for Sunday, in …
The deteriorating situation in Greece—including long lines and a 60 euro ($67) limit at ATMs—could get much worse if voters there refuse to accept creditor-imposed reforms in a referendum this coming Sunday, said billionaire Wilbur Ross, who has a large interest in the country. “Once there’s social unrest, which there will be before too long …
Despite a tweet from Greek Finance Minister Yanis Varoufakis that his government “opposed the very concept” of any controls, Greek Prime Minister Alexis Tsipras said later Sunday that he had forced the country’s central bank to recommend a bank holiday and capital controls. Asked, as he left a meeting of the Financial Stability Council, whether …
International creditors on Wednesday rejected the Greek government’s plan to end its financial crisis, but they have submitted counterproposals. News of the rejection, announced by Greek Prime Minister Alexis Tsipras, dashed hopes of an imminent deal between the embattled Mediterranean country and its creditors. Greece needs additional financial aid to prevent it from defaulting on …
Details of the possible agreement between Greece and its creditors are leaking out and many in Greece are unhappy.