There is an air of calm in Portugal. Like Greece and Spain, Portugal was bailed out by international creditors and underwent austerity measures that included tax hikes and salary cuts across the public sector. But the political effect of this has been starkly different.
While the allure is there, a Greek exit from the European Union is unmistakably a bad idea.
Opinion polls published on the final day of campaigning in Greece’s general election suggest the left-wing Syriza party and conservative New Democracy are in a dead heat before the Sunday ballot.
Nine leading academics talk to Yanis Varoufakis, former Greek finance minister and a man who describes himself as an “accidental economist.”
Greek PM Alexis Tsipras has announced he is stepping down and has called a snap election for Sept. 20, less than a year since he took office.
As Greeks suffer in multiple ways the effects of the economic crisis their country is going through, Germany has profited handsomely from the Greek crisis.
Greek banks have reopened after weeks of closure. But nothing is harmonious.
Greece has just experienced a nasty reality check. For Europe, the reckoning might simply lie a little further down the road.
Against the predictions of many opinion polls, the so-called Greferendum scored a surprisingly resounding victory for the “No” campaign.
Half of young Greeks are unemployed, and over 40 percent live in poverty. Is default really worse than letting Europe squeeze the country dry?
The Greek stock market had its biggest plunge since 1987 Tuesday as concerns mounted that the country is heading for a political crisis that could jeopardize its financial rescue program.
There is an air of calm in Portugal. Like Greece and Spain, Portugal was bailed out by international creditors and underwent austerity measures that included tax hikes and salary cuts across the public sector. But the political effect of this has been starkly different.
While the allure is there, a Greek exit from the European Union is unmistakably a bad idea.
Opinion polls published on the final day of campaigning in Greece’s general election suggest the left-wing Syriza party and conservative New Democracy are in a dead heat before the Sunday ballot.
Nine leading academics talk to Yanis Varoufakis, former Greek finance minister and a man who describes himself as an “accidental economist.”
Greek PM Alexis Tsipras has announced he is stepping down and has called a snap election for Sept. 20, less than a year since he took office.
As Greeks suffer in multiple ways the effects of the economic crisis their country is going through, Germany has profited handsomely from the Greek crisis.
Greek banks have reopened after weeks of closure. But nothing is harmonious.
Greece has just experienced a nasty reality check. For Europe, the reckoning might simply lie a little further down the road.
Against the predictions of many opinion polls, the so-called Greferendum scored a surprisingly resounding victory for the “No” campaign.
Half of young Greeks are unemployed, and over 40 percent live in poverty. Is default really worse than letting Europe squeeze the country dry?
The Greek stock market had its biggest plunge since 1987 Tuesday as concerns mounted that the country is heading for a political crisis that could jeopardize its financial rescue program.