Euro

Thousands of Greeks protested in front of the Greek Parliament asking to stay in the European Union and the euro. The mayors of Athens and Thessaloniki delivered speeches and demonstrated for Europe. Despite the early drizzle that developed to a hard rain,...

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 question of national character. In their outrage at the Greeks – in the context of...

The critical Eurogroup teleconference on Greece has ended. The finance ministers of the Eurozone decided to reject a call by Greek PM Tsipras to extend Greece's bailout program. European Commission President Jean-Claude Juncker told journalists that things you are not...

Standard and Poors has downgraded Greece's credit rating to CCC- from CCC. The agency puts Greece into junk territory in sovereign credit ratings. Here's the rationale of the rating as it was released by S&P: Overview We interpret Greece's decision to hold a...

Greece's Finance Minister Yanis Varoufakis chronicles the dramatic events that took place during the last Eurogroup meeting, right before his counterparts decided to meet again - but without him. Since twitter and facebook have been abuzz with speculation about Greece's...

By Panicos O. Demetriades, University of Leicester As ECB froze the level of emergency liquidity assistance (ELA) it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold. Capital controls are on the way, with all the...

The European Central Bank (ECB) will stop providing Emergency Liquidity Assistance (ELA) to Greece, the BBC reports, citing unnamed sources. The end of emergency lending to Greece's banks might come as soon as Sunday - a move that could force them...

Although Prime Minister Alexis Tsipras urged Greeks to not approve the creditor's bailout agreement terms, the first polls in Greece find that most Greeks favor the deal even if it includes a new memorandum. In a poll conducted by Alco...

The problem with all this uncertainty is that the various players in the Grexit game fail to understand the serious consequences of not reaching a rational deal.

When Greek Minister Yanis Varoufakis left the Eurogroup after the break-up of the negotiations, the remaining Eurogroup members held an informal meeting to discuss how to further strengthen the EMU and help the euro area to overcome the legacy...