Greek default

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...

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 to default to the fund in its 71-year history. Here are nine essential things to know...

British shoe shop worker, Thomas Feeney launched a crowdfunding campaign on Monday to bailout Greece that at time of writing had raised more than half a million dollars. The campaign was started to help Greece pay back its $1.8 billion...

International Monetary Fund Managing Director Christine Lagarde said in an interview with BBC on Sunday that her institution will not step forward to provide additional financial assistance to Greece, if the Greek government miss its €1.5 billion ($1.7 billion) payment on...

In an attempt to assess the future of Greece in case no agreement is reached before June 30, Bloomberg answered five critical questions. If the Greek side and the country’s creditors are not able to reach an agreement over the...

“It is never pleasant to watch a relationship founder. Greece’s Prime Minister, Alexis Tsipras, has charged its creditors with trying to humiliate the country; he has accused the IMF of ‘criminal responsibility’ for Greece’s suffering. Prominent euro-zone politicians are...

There is a 30% chance of Greece defaulting on its debt and leaving the Eurozone in 2015, according to a recent poll of euro money market traders published in Reuters. While the poll median was 30%, one of the traders revealed that he/she feels absolutely certain...

Standard & Poor's Ratings said on Monday that it would not move the ratings on Greece to 'SD' (selective default) should the government miss making payments on bonds maturing in July and August totaling 6.7 billion euros held by...

As the current talks between the Greek government and institutions are still at a stalemate and uncertainty is diffused across Europe over Greece's ability to meet its end-June debt deadlines, senior European officials decided to extensively discuss a potential Greek bankruptcy for the...

After the European Union suggested that Greek Prime Minister Alexis Tsipras should stop gambling with crisis-stricken Greece's future and take the essential measures to unlock aid before the end of June in order to avoid a potential default, the International Monetary Fund (IMF) delegation...