Today's Greece, in the midst of crisis
Five years after national bankruptcy shattered a recession-battered Greek economy, shook the euro to its foundations, led to violent riots in downtown Athens and spawned extremist political parties of...
View ArticleThe Greek exit, part II
One has to be struck by the financial market's present equanimity about Europe's deteriorating economic and political outlook as reflected in very low European sovereign bond yields. The reason for...
View ArticleIs Puerto Rico America's Greece?
Tolstoy famously remarked that all happy families are alike but each unhappy family is unhappy in its own way. The same might be said of the unhappy state of the Greek and Puerto Rican economies. But...
View ArticleObama talks with German leader on Greek debt crisis
President Obama spoke Sunday with German Chancellor Angela Merkel on how to handle Greece’s debt crisis with its international lenders.In the phone call, Obama and Merkel agreed that it is “critically...
View ArticleGreece on the brink, dancing on the edge of the cliff
What does a country on the brink of financial collapse look like?At first glance, nothing appeared to be amiss in Greece. The tavernas were packed, the conversations were animated and the market stalls...
View ArticleAn impossible gap to bridge in Greece
As Sunday's "final" European deadline fast approaches for the Greek government to present a reasonable economic reform proposal to save the country from a euro exit, most commentary is focused on...
View ArticleLew hails Greek deal as 'important step forward'
Treasury Secretary Jack Lew hailed a new agreement to keep Greece in the eurozone as a critical step forward.In a statement issued Monday, Lew called the new arrangement “a basis for restoring trust”...
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