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S&P: Greece in Risk of Default in 2016

The risk of a Greek default has not disappeared yet, according to a Standard & Poor's new report. According to the analysis, the political...

Fitch Upgrades Greece to ‘CCC’

Fitch Ratings has upgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to "CCC" from "CC." The issue ratings on...

Greece Repays ‘Samurai’ Bonds to Private Japanese Creditors

In a symbolic gesture that prevented another payment default, Greece repaid samurai bonds maturing on Tuesday, July 14, to private creditors in Japan. “The...

‘Regretfully, We Are Bankrupt’… Again; Debt And Default in Greece

Greece is the birthplace of dialogue, democracy, philosophy, arts and the first radical leftist government in Europe. During the last few years, and due to...

EU Adds More Pressure on Greece Ahead of Referendum; EFSF Statement

  One day before Greeks vote in a referendum to accept or reject a bailout deal the EU has offered them, the European Financial Stability Facility...

Crisis Deepens: Greek Universities Lose Access to Digital Journals Due to Non-Payment

The latest victim of Greece's crisis have been students and academia that lost access to electronic journals, a vital source to continue their research...

11 Reasons Why Greece Went Broke, Defaulted, and Isn’t a Real Country Anymore

  Opinion, by Phaedon Boukas There are reasons why the most glorious country of ancient times defaulted to the IMF and went bankrupt, becoming the economic pariah...

IMF Denies Withholding U.S. Tour Operator Payments To Greek Hotels

The International Monetary Fund (IMF) denied reports on Wednesday that it has ordered U.S. tour operators to withhold payments to Greek hotels after the Greek government's default on...

EFSF Threatens to Cancel Loan Contracts, Demands Immediate Repayment of Greek Loans

The European Financial Stability Facility (EFSF) said on Wednesday that it is considering action that includes "accelerating" its loans to Greece and demanding immediate repayment, in...

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...

Eurozone’s shared identity the final tragedy of the Greek crisis

By Wesley Widmaier*, Griffith University Economic policy is not a morality tale. The Greek tragedy is that the Europeans have treated the Greek crisis as a...

9 Things to Know about Greece’s IMF Debt Default

By André Broome, University of Warwick Greece missed the deadline on its €1.6 billion loan repayment due to the IMF June 30, becoming the first advanced economy...

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