Greece Debt

Britain Needs a Truth Committee on Debt

Caroline Lucas | Posted 06.10.2016 | UK Politics
Caroline Lucas

The Greek response to the huge challenge of austerity has been courageous and heartening. Because information is power, resistance to austerity has also materialised in the shape of a 'Truth Committee on Public Debt' set up in response to mounting economic challenges in Greece. Greeks aren't alone in facing damaging cutbacks. In Britain austerity is biting - and the Autumn Statement is set to bring with it a new round of cuts that even Tory councils are opposing. In the face of a continued Government obsession with the rolling back of the state I believe it's time Britain had a Committee on Debt Truth of our own.

Wonga! Greece's Last Hope In Europe

The Huffington Post UK | Posted 15.07.2015 | UK Comedy

Hey Greece, are you in debt? What you need is one of Europe's easy payday loans! The Eurozone: Making sure our fatcats get feta fatter. (Created...

Dark Days for Democracy in Greece

Caroline Lucas | Posted 13.07.2016 | UK Politics
Caroline Lucas

Against the will of the Greek people, and in spite of the plain economic facts, EU ministers and the IMF are inflicting ever more pain on a country that's already been utterly devastated by austerity. The latest announcements from Eurozone chiefs make for grim reading.

What the Recent Greek Drama Has Taught Me...

Oana Chirila | Posted 10.07.2016 | UK Politics
Oana Chirila

As you may know, we have been in Greece for the past two weeks. We flew in the same Saturday the Greek government announced that they were unfortunat...

Greece Just Hammered the First Nail in the Coffin of Milton Friedman's Legacy

Manuel Barcia | Posted 06.07.2016 | UK Politics
Manuel Barcia

Earlier this week Naomi Klein was asked in Twitter whether she thought that what we are seeing in Greece corresponds to the early stages of the Shock ...

Tensions Could Not Be Higher Ahead Of Crucial Referendum

PA | Posted 04.07.2016 | UK

Protesters in Britain today urged the cancellation of Greece's debt as voters in the country's referendum prepared to go to the polls. Events took ...

Greece Heads Towards Default As Merkel Rules Out Fresh Negotiations

The Huffington Post UK | Paul Vale | Posted 30.06.2015 | UK

There will be no more negotiations with Greece until after Sunday’s referendum, German Chancellor Angela Merkel said on Tuesday, leaving the Mediter...

A Greek Tragedy That Can Only Be Ended by Greece Leaving the Euro

Adnan Al-Daini | Posted 28.06.2016 | UK Politics
Adnan Al-Daini

What kind of system have we created where our elite inflict austerity on ordinary people that causes misery and suffering to millions, while financiers and gamblers of financial markets enjoy such a bonanza of riches? The mind boggles.

The Larger Battle Being Fought By the Greeks

Manuel Barcia | Posted 25.06.2016 | UK Politics
Manuel Barcia

As for the EU, there's little else to say. They have gone from promising the earth and the heavens to their citizens, to becoming the executioners of the IMF and their own bankers. Pity they cannot see that by carrying out like this, they are not just destroying Greece but also the very foundations of their precious and profitable political and economic unity. For them, too, the hour of reckoning is nigh.

7 Things You Should Know About Greece's Cool New Finance Minister

The Huffington Post UK | Asa Bennett | Posted 27.01.2015 | UK Politics

Anti-austerity party Syriza has swept into power in Greece, with leader Alexis Tsipras now leading a coalition government with the Independent Greeks....

Here's Six Radical Things Greece's New Ruling Party Want To Do Now...

The Huffington Post UK | Posted 26.01.2015 | UK Politics

Syriza has swept to victory in the polls as Greeks voted decisively against austerity, leading to their party leader, Alex Tsipras, to declare: "Today...

Greece: Hope In Short Supply

Simon Mack | Posted 22.09.2014 | UK
Simon Mack

They tell me under this island is Europe's richest deposits of oil and gas, the Chinese Prime Minister visited this month, and the government here are getting paid to allow the Syrian Chemical weapons arsenal to be poured into the sea just off the North Western coast... Exactly why is this Doctor serving me coffee earning a little over 400 euro per month (£320 approx.) in the process? She can't answer that one either.

What Is Driving the Greek Stock Market Recovery?

Martin Koehring | Posted 23.01.2014 | UK
Martin Koehring

Amid the debt crisis and concomitant economic depression, the Athens Stock Exchange (ASE) lost 91% of its value between its peak in late October 2007 ...

Greece's External Rebalancing Is Impressive but Also Deceptive

Martin Koehring | Posted 24.04.2013 | UK
Martin Koehring

Greece's impressive external rebalancing has culminated in the current-account deficit narrowing to 2.9% of GDP in 2012 from almost 15% in 2008. However, this process has mainly relied on a collapse in imports as a result of an ongoing sharp contraction in domestic demand, driven by fiscal austerity.

EU/IMF Deal on Greek Debt Offers No Medium-term Solution

Martin Koehring | Posted 28.01.2013 | UK Politics
Martin Koehring

The IMF has reached an agreement to reduce Greece's public debt to below 110% of GDP by 2022 and to ensure its repayment. The compromise avoids the need for a haircut on Greek debt held by eurozone governments in the short term. However, the deal, if implemented successfully, exhausts most options available to reduce Greek debt other than an outright write-down of Greek government debt.

Crisis? What Crisis?

The Huffington Post UK | David Hobbs | Posted 01.10.2012 | UK Sport

As the birthplace of the Olympics, Greece deserves its high ranking in the pantheon of sporting achievements but in the current austere times the idea...

Peter Guest

Bank Runs, Hyperinflation, Even Coups: The Anatomy Of A Euro Collapse | Peter Guest | Posted 08.12.2011 | UK

Battle-weary traders in Europe are readying themselves for yet another fraught deadline. The consensus view is that Friday's EU summit - where maj...

Merkel And Sarkozy Reiterate Commitment To Keep Greece In Eurozone

The huffington Post UK | Paul Vale | Posted 14.11.2011 | UK

German Chancellor Angela Merkel and French President Nicolas Sarkozy have reaffirmed their commitment to keep Greece in the eurozone following an eme...