Does Greek vote befit the birthplace of democracy?

Business / Economy | ANALYSIS 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 message ...

Referendum won't end Greek drama

Business | ANALYSIS Jul 3, 2015

Referendum won't end Greek drama

by Arne Delfs

Germany and the rest of the euro region are bracing for more Greek political upheaval followed by tortuous negotiations, even if the country votes for more austerity in Sunday's referendum. There is no quick fix to the crisis because European Union rules make talks on ...

Business 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 capital ...

At summit, EU hopes to deepen ties with China

Business / Economy | FOCUS Jun 29, 2015

At summit, EU hopes to deepen ties with China

The European Union will briefly put aside worries about Greece to broaden its relations with China at a summit in Brussels on Monday, hoping for Chinese investment in Europe's new infrastructure fund and support for a global climate deal. As China seeks to move Sino-European ...

World Apr 8, 2015

German official slams Greek demands for WWII reparations as 'stupid'

Germany's economy minister branded Greece's demand for €278.7 billion in reparations from World War II as "stupid" on Tuesday, while the German opposition said Berlin should repay a forced loan dating from the Nazi occupation. Greek Deputy Finance Minister Dimitris Mardas made the demand Monday, ...

EU hangs tough, waiting for Greece to bend as euro wilts

World Feb 17, 2015

EU hangs tough, waiting for Greece to bend as euro wilts

European Union finance ministers piled pressure on Greece on Tuesday to remain in an international financial rescue program as the euro weakened on fears of disruption when Athens' credit lines expire in 10 days. But as he returned to meetings on other, routine, matters with ...