German Chancellor Angela Merkel is urging her lawmakers to support the new rescue package for Greece. This despite worries that Athens will need even more cash in the future, and suggestions from Germany's Interior Minister that it's time Greece left the Eurozone altogether. The 130-billion euro ...
European finance ministers strike a deal on £109 billion (130 billion euros) rescue package for Greece to save it from a potentially disastrous default next month, but seems unlikely to revive the nation's shattered economy.
On Tuesday, the Eurozone finance ministers settled on a 130-billion-euro bailout for Greece. According to reports, the bailout was necessary to avert a default and the move comes after the Greek government cut thousands of public jobs which lead to many angry Greeks taking to the streets in prote...
Wondering why Greece's debt crisis is rocking the global economy? Reuters Finance Blogger Felix Salmon explains with a kiddie pool, pirate ship and yes, rubber duckies! Papandreou, Merkel and Lagarde star as ducks in Felix's theatrical production.
Editorial page editor Paul Gigot on the Greek bailout package and unrest in Athens.
A currency expert protesting against Greece's bailout says the bailout mechanism violates the provisions of the Treaty on European Union, and it may be a better option to stop the euro experiment instead. The European ministers recently agreed on a 110-billion euro rescue package for Greece, hopi...
Stanford economist John Taylor examines the pluses and minuses of the Greek bailout.
www.euronews.net Eurozone finance ministers have reached a deal with Greece over its second bailout. After marathon talks in Brussels a 130 billion euro rescue package has been agreed that should resolve its immediate financing needs. The main sticking point appears to have been finding ways to r...
Greece has just agreed another bailout to stop it going broke - but the deal is hugely unpopular in the country, due to the big cuts being demanded by the EU and IMF in return. Our own resident in New York asked people there what they think about the latest rescue package, for an economy in deep ...
www.euronews.net The complex Greek bailout deal that was finally reached in Brussels in the early hours of Tuesday morning will buy time to stabilise the eurozone and strengthen its financial firewalls -- to protect against further contagion from the currency bloc's weaker economies. However ther...
A short video about what's happening in Greece at the present and what has lead Greece to this state. Speaking in the clips are Max Keiser, Nigel Farage and Gerald Celente. The clips are from Russia Today, Aljazeera and EU parliament. Music by Corner Stone Cues - Requiem For A Tower Mvt II III IV.
Greece will receive a new bailout from the EU and IMF worth 174 billion dollars. From Athens, Al Jazeera's John Psaropoulos reports.
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After more than 12 hours of negotiations, Euro zone finance ministers on Monday agreed on a second bail-out deal for Greece. In exchange of 130 billion euros in financial aid, the Greek authorities will have to further cut public spending. Europe wants to see Greece repaying its debt before fundi...
The structure of the deal puts the IMF/EU/ECB clearly in control of the finances of Greece so they have replaced some sort of "Czar" with the bureaucrats of the Troika and the country no longer will control its own finances as they traded away their sovereignty for cash. In fact, an escrow accoun...
Stratfor's Director of Research Kevin Stech discusses the ongoing Greek debt crisis and the implications of the recently approved second bailout package. For more, visit www.stratfor.com
