Greek lawmakers back bailout reform plan

/ Jul 11, 2015

Greek lawmakers back bailout reform plan

Greece's parliament backed the government's reform plan to win a third bailout early Saturday, but with the government suffering significant losses from lawmakers dissenting over the plan's austerity measures. The motion, which sought to authorize the government to use the proposal as a basis for ...

| Jul 10, 2015

Orderly 'Grexit' poses a puzzle for lawyers

A "Grexit" on Sunday? Not so fast, say the lawyers. Even if creditors pull the plug, Greece will remain legally part of the eurozone on Monday. It could hang on in a half-out, half-in state indefinitely, creating legal murk for businesses and adding to doubts ...

How Greece might switch back to the drachma

Jul 9, 2015

How Greece might switch back to the drachma

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With each day, the likelihood is growing that Greece's financial catastrophe will force it out of the euro currency alliance and compel it to restore its old currency, the drachma. It won't be simple. Even in a computer age, issuing a new national currency is a ...

Greek crisis revives Polish debate over joining the euro

Jul 9, 2015

Greek crisis revives Polish debate over joining the euro

The possibility of a Greek exit from the euro is reviving debate in Poland about the wisdom of signing on to the joint currency, so much so that Poland's president warned this week that his country risks becoming a political lightweight if it sticks ...

China stocks nosedive as regulator warns of 'panic'

Jul 8, 2015

China stocks nosedive as regulator warns of 'panic'

Chinese stocks dived on Wednesday, as the country's securities regulator warned investors were in the grip of "panic sentiment" and the market showed signs of freezing up as companies scrambled to escape the rout by having their shares suspended. Beijing, which has struggled for more ...

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 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 message ...