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 2, 2015

Greek government 'may resign' if referendum goes against it

Greece’s radical left government suggested it would resign if it fails to get its way in a make-or-break referendum Sunday that could decide the country’s financial future. Greek Finance Minister Yanis Varoufakis said the government “may very well” quit in a radio interview Thursday ...

Jun 30, 2015

For Japan, lesson from Greek crisis is to keep on spending

As one of the most indebted countries in the developed world, the crisis unfolding in Greece is causing a moment of self-reflection for Japan. But policymakers and economic advisers in Japan are not drawing an uncomfortable lesson about the need for fiscal discipline. Instead ...

Jun 30, 2015

Greece may find it easier to close banks than reopen them

Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalization under a lengthy financial rebuilding, industry sources said. The decision to close the banks and impose ...

Jun 30, 2015

Tourists in Greece coping with bank holiday

Tourists on holiday in Greece offered advice to others Monday: bring extra euros. Several reported having some anxious moments over the weekend thanks to empty ATMs and merchants refusing credit cards, but the inconveniences eased as ATMs were replenished Monday. “We were finally able ...