Greek financial crisis

International Monetary Fund (IMF) Managing Director Christine Lagarde stressed out that there is an urgent need for cash-strapped Greece’s unsustainable debt burden to be reconstructed. In an interview with Swiss French-language daily newspaper "Le Temps" on Saturday, Lagarde implied that the International Monetary Fund is...

"Against us is the old political system that pushed the country into a tragedy, which built the regime that led to the bailouts. We want to demolish this regime," Greece's former Prime Minister Alexis Tsipras stated at a gathering of...

Greece's outgoing Prime Minister Alexis Tsipras is likely to strike an alliance with the opposition and other political parties forming a new coalition government, after the September 20 vote, experts claim. University of Athens political scientist Theodore Couloumbis commented on Tsipras' decision to get...

After the financial crisis hit Greece, the unemployment rates hit the roof and numerous workers fled the country in order to escape the suffocating situation. Most of them started looking for job opportunities outside the country, and especially in...

Acclaimed American economist, professor of Economics and International Affairs at Princeton University and op-ed columnist for The New York Times Paul Krugman talked to journalist and author Fareed Zakaria about the current Greek financial crisis' developments. During his interview at CNN’s "Fareed Zakaria GPS," the...

Greece is a country of more than 10 million inhabitants, with a diaspora that reaches 6.5 million. Over the years, Greeks have settled in every part of the world, from Australia, to Germany and the U.S., but they never forgot...

"We are ready to help Greece survive its economic crisis with cooperation in tourism, energy, trade," Turkish Prime Minister Ahmet Davutoğlu said on Tuesday in Turkey's capital, Ankara, announcing this way his country's willingness to assist neighboring Greece get...

Financial Times journalist Peter Spiegel hastened to comment on the press conference Jean-Claude Juncker gave Monday saying that it is not true what the European Commission President said about pension cuts in Greece. Through his personal Twitter account, Spiegel accuses Juncker of...

Former International Monetary Fund Managing Director Dominique Strauss-Kahn made his own suggestions about the Greek financial crisis urging Greece's international lenders to accept a temporary halt to debt payments. The former French finance minister presented his proposals to the public through a three-page declaration entitled...

As Athens’ standoff with the European Commission, the International Monetary Fund, and the European Central Bank is taken to a dangerous new level, German Chancellor Angela Merkel has reportedly invited leaders of Germany's major parties to a meeting in Berlin on...