Greece debt crisis News

Madrid - The euro zone big picture is a bit dimmer in terms of unemployment than it was a month ago. According to Eurostat, the European Union’s statistics facility, in a report out Wednesday, about 146,000 additional workers lost their jobs in September.

Athens - Greece's Troika of international creditors, the IMF, ECB, and EC, have controversially called for a new restructuring of Greek debt. The Troika also calls for an additional 150 new Greek reforms, while recommending a two-year extension to current reforms.

Athens - Strikes in Greece organized by the nation’s two largest unions evolved into violent protests Wednesday as protesters hurled firebombs at police in Athens where about 50,000 gathered to condemn new austerity measures.

Athens - Standard & Poor's changed its long-term rating outlook on Greece to "negative," Tuesday, setting up a potential ratings downgrade.

Athens - Greece, long thought of as the gateway to Western Europe for Asian, African and Turkish immigrants, has rolled up the red carpet by rounding up thousands of illegal immigrants in a single operation.

Athens - Mental illness is a serious issue that is increasing all over the world. In Greece, reports show that the debt crisis is taking its toll on young people.

Embracing a new economic theory, after it gains a foothold in the public consciousness, only occurs when a sustained undesired economic result from the previously employed thesis metastasize into a full crisis for the political class.

Athens - In a run on banks associated with recent elections and government economic insolvency, Greek depositors withdrew €700 million ($898 million) from local banks Monday.

Sydney - The likelihood of a Greek default has been causing shudders around the world. A small economy’s debt has terrified the finance markets. The risk of a Greek default, followed by further defaults is the bug eyed monster, but there’s a good side.

Athens - A mobile social kitchen in Athens attempts to feed the growing number of hungry people. Placing themselves in a different square daily, they carry all their equipment by car and set up in a different location each day.