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Triple whammy threatens Eurozone Special

New York - Three recent crises — the Greek bailout, the surge of refugees and Russian intervention in Ukraine — have called into question the future of the European Union. All these crises involve boundaries – either building them up or tearing them down.

Greek banks reopen with restrictions as prices soar

Athens - Banks in Greece were open at week's end for the first time in July but at a steep price — limits on cash withdrawals and higher prices on nearly everything people buy.

Op-Ed: The German Grexit plan may have been the lesser of two evils

Athens - Greek negotiators finally arrived at a deal for a further bailout from the European Stability Mechanism (ESM) and the IMF. The deal has harsher austerity conditions than the one rejected by over 60 percent of Greeks voting in a recent referendum.

Apple gives free month of iCloud to Greeks who can't pay renewal

Apple has granted Greek iCloud subscribers a free month of usage after the financial crisis in the country meant that Apple would have been unable to take payment for the subscription service and users would have lost their stored data.

Op-Ed: Only hope for Greece now is that creditors reject deal

Brussels - The Greek parliament has approved proposals by the Syriza government that have harsher austerity measures than the deal that over 60 percent of Greeks rejected in a referendum.

Op-Ed: From Grexit to Brexit?

The Greeks have spoken, categorically rejecting Troika-imposed austerity, and further entrenching Athens and Berlin behind their respective battle lines.

Op-Ed: The contradictions in Greek policy continue

Athen - Negotiations between Greece's creditors and the Syriza government have seen many change in positions by the Greek government on privatization, taxes, debt reduction, and other issues. Different officials made contrasting statements on disputed issues.

Op-Ed: Greece may have been planning a Grexit from the beginning

Athens - An article by Simon Nixon in the Wall Street Journal suggests senior Greek officials such as prime minister Tsipras and economy minister Yanis Varoufakis had from the beginning decided creditors would never extend reasonable terms to Greece.

Op-Ed: Greek whiners still whining about overspending

Athen - Today's news regarding the Greek intransigence against facing reality is pretty much the same as yesterday's. And the day before, and the day before that.

Op-Ed: Greek debt negotiations reach crisis level

Athen - The Greek debt negotiations may be coming to a critical point after optimism that a deal might be reached last Thursday. By Friday, stocks were headed down again amid worries of a Greek default.

Op-Ed: Greek government has contradictory aims

Athen - Greece said it will keep election pledges to end austerity measures even as its creditors demand pension and labour market changes that go counter to those pledges.

Greece makes key payment to IMF on time

Athens - The Managing Director of the International Monetary Fund(IMF), Christine Lagarde, has confirmed that the Greek government made a 459 million euro payment due on April 9.

Op-Ed: European Commission nixes Greek anti-poverty law

Athens - The European Commission has vetoed what the government calls a "humanitarian crisis bill." The bill was meant to address poverty among pensioners and homeless families.

Op-Ed: Syriza can either sell out or exit the euro zone

Athens - The Greek government has until Friday to give its response to a Eurogroup document that is based on the original bailout deal that Greece had vehemently rejected in the first place. Greece must indicate what it is willing to do to extend the deal.

Greece seeks bridge financing as debt deal may take time

Brussels - Greece and its EU creditors are extending talks over the weekend in order to possibly reach a deal at talks with EU finance ministers on Monday at Brussels.

Op-Ed: Greek markets plunge as Grexit appears more likely

Athens - German chancellor Angela Merkel has ruled out any write off of Greek debt, claiming that banks and creditors have already made substantial cuts. At the same time she insisted that she wants Greece to stay in the Eurozone.

Op-Ed: Syriza party close to a majority in Greek election win

Athens - With more than three-quarters of election results in, the leftist, anti-austerity party Syriza, won a decisive victory and was projected to win 149 seats in the 300 seat parliament, just short of a majority.

Banks preparing for possible Grexit

Athens - Both banks and brokers are dusting off contingency plans for a possible Greek exit from the eurozone (Grexit). While most think that Greece will remain in the zone, the snap elections to take place January 25 may make such an exit more likely.

IMF admits it screwed up on Greece

The International Monetary Fund (IMF) has released a report on the Greek bailout which draws the obvious conclusion that it managed to screw up as far as the Greek economy was concerned.

Jean Claude Juncker warns 'last chance' for Greece

Athens - Eurogroup Chairman Jean Claude Juncker, in Athens for talks with Antonis Samaras, declared "I oppose a Greek exit from the eurozone." However, he warned "Greece is facing its "last chance" to stay in the eurozone.

Samaras: Greece needs 'breathing space' to implement more cuts

Athens - As Greek Prime Minister Antonis Samaras prepares for a meeting with Euro Group President Jean-Claude Juncker on Wednesday, he told German newspaper Bild Greece needs "breathing space" to implement further spending cuts and reforms.

Eurogroup head Juncker warns Greece not to leave the euro zone

Athens - Luxembourg's Prime Minister Jean-Claude Juncker, head of the Eurogroup, has warned Greeks not to turn their back on the euro zone, saying the consequences of a radical left victory would have unforeseeable consequences for the monetary union.

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