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Corporate Bankruptcies Down 15.8% in Greece in 2014

  Company bankruptcies in Greece slowed to 330 in 2014, from 392 in 2013, for a decline of 15.8%, the second biggest percentage decline in...

German Economic Advisers Propose Bankruptcy Mechanism Within the Eurozone

On Tuesday, the German "wisemen," five independent economic advisers, argued in favor of creating a mechanism that would allow Eurozone countries to go bankrupt,...

Greek Main Opposition Leader: ‘The Government Lied and Bankrupted the Country’

Greek main opposition leader Antonis Samaras strongly criticized Greek Prime Minister Alexis Tsipras in a brief televised address on Wednesday, blaming him for closing...

Greece Is the Only Developed Country that Defaults on the IMF

After defaulting on its payment to the International Monetary Fund (IMF) at 1:00 am on Wednesday, Greece became the first developed country that failed to...

U.S. Treasury Sec: Greece Must Make Tough Decisions to Reach Deal

The Greek government must make tough fiscal decisions to reach an agreement with international creditors, or it risks catastrophic consequences for its economy and...

Where Do Greeks Keep Their Money Instead of the Bank?

The threat of bankruptcy and  aGrexit after the failed negotiations between Greece and lenders and the scenarios of potential capital controls has led many...

FT: Greece Can Say No to Creditors Without Catastrophic Consequences

"Greece has nothing to lose by saying no to creditors," is the title of an analysis by The Financial Times that says bankruptcy and...

Foreign Travel Agencies Add Greek Default Clause in Contracts

Fears that Greece’s negotiation with its creditors will not be fruitful have impacted the country’s political and economic sector, but also tourism. Foreign travel agencies have already...

Ifo Chief: Bankruptcy Is Better for Greece and Europe

Europe must let Greece exit the euro zone and go bankrupt because that would be the best for both, said President of Germany's Ifo...
Alexis Tsipras appears hopeful after EU leaders meeting for Greece

Tsipras: Greece Seeks No Rift with Europe

After the Greek government submitted its reforms list, currently being examined by the Brussels Group, Greek Prime Minister Alexis Tsipras stated that the country does...

Greek PM Tsipras: ECB has Noose Around our Neck

Greek Prime Minister Alexis Tsipras has accused the European Central Bank (ECB) of holding a noose around the country's neck, amid his government's attempts...

Greece, 6 Bankruptcies in Less Than 200 Years

Greece has been the center of attention for over two weeks, after the January 25 elections. Foreign media, news agencies, government officials and investors...

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