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Jul 5, 2015

Top economists say 'no' is Greece's least bad option

While polls in Greece show the country evenly divided going into Sunday’s crucial bailout referendum, some of the world’s top economists are united in arguing that a “no” result is the country’s best — or its least bad — choice. Joseph Stiglitz, a Nobel ...

Greeks deeply divided heading into crucial vote

Jul 4, 2015

Greeks deeply divided heading into crucial vote

Tens of thousands of Greeks took to the streets on Friday in rival rallies that laid bare the deep divide heading into a referendum that may decide the country’s future in Europe’s single currency. Prime Minister Alexis Tsipras, elected in January on a promise ...

IMF report advising more loans could split Greek creditors

Jul 4, 2015

IMF report advising more loans could split Greek creditors

Reviled in Greece for pushing the bitter medicine of austerity, the IMF has nonetheless thrown Athens a bone by urging European countries to cough up more money to ease Greece’s titanic debt load. Ignoring its own procedures, the International Monetary Fund threw caution to ...

Does Greek vote befit the birthplace of democracy?

| Jul 4, 2015

Does Greek vote befit the birthplace of democracy?

When Prime Minister Alexis Tsipras dropped the bombshell of a popular plebiscite on the tough demands of creditors keeping Greece afloat, he cited the country’s pedigree as the “birthplace of democracy.” Greeks, the left-wing prime minister said last weekend, “should send a resounding democratic ...

Yes or no? What Greece's landmark vote might bring

| Jul 4, 2015

Yes or no? What Greece's landmark vote might bring

On his 10-year trip home, the Greek hero Odysseus at one point had to steer his ship and crew down a narrow stretch of water menaced on opposite sides by two sea monsters, Scylla and Charybdis. The Greek people are in similar dire straits ...

Jul 3, 2015

Fiscal 2014 tax revenue soars to highest in 21 years

The government said Friday that tax revenue in fiscal 2014 climbed to ¥54.0 trillion ($438.4 billion), the highest since 1993, thanks to a jump in corporate tax receipts and the first stage of the doubling of the consumption tax. Revenue climbed 14.9 percent on ...