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Greece debt crisis News

Protests to be banned in Athens as EU finance ministers meet

Athens - Athens will ban protests on Tuesday and Wednesday when the capital will host a meeting of European Union finance ministers. Authorities claim the ban is necessary for security reasons.
In the Media by Ken Hanly

Euro zone unemployment hit record high in September

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.
In the Media by Larry Clifton

Troika proposes more restructuring of Greek debt

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.
In the Media by Katerina Nikolas - 1 comment

Greece rocked by violence; government approves more cutbacks

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.
In the Media by Larry Clifton - 1 comment

Standard & Poor's releases negative outlook on Greece

Athens - Standard & Poor's changed its long-term rating outlook on Greece to "negative," Tuesday, setting up a potential ratings downgrade.
In the Media by Larry Clifton - 2 comments

Greece rounds up thousands of illegal immigrants

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.
In the Media by Larry Clifton - 8 comments

Mental health illness increases in Greece

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.
In the Media by Melissa Horrocks - 2 comments

Op-Ed: Are We Witnessing The End Days Of Supply Side Economics?

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.
In the Media by Marvin Clark - 1 comment

Greek President: 'Banks very weak'

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.
In the Media by Larry Clifton

Op-Ed: Good side of Greek debt? Markets might learn the LIARS lesson

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.
In the Media by Paul Wallis - 4 comments
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Demonstration outside the Greek Parliament
Demonstration outside the Greek Parliament

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Catholic Vs Protestant: European Debt Crisis?

Is there a connection between religion and the current European Debt crisis? With the majority of Europe's financial...
Dec 9, 2011 by James P Mahon - 2 comments

More financial difficulties ahead?

Hang on people, it looks like we're in for a bumpy ride. Reuters is reporting that Greece will miss it's deficit...
Oct 2, 2011 by Carolyn E. Price - 4 comments


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