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Since Greece’s debt crisis began in 2010, most international banks and foreign investors have sold their Greek bonds and other holdings, so they are no longer vulnerable to what happens in Greece.
Tsipras’s “somersault”, or kolotoumba as the Greeks called it, was a costly gambit that set back the economic recovery and ...
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Greece and its international lenders have embarked on a battle over the country's staggering debt. Other European countries have most to lose.
The deal is expected to bring Greece's debt down to 120.5 percent of gross domestic product by 2020 - around the maximum the eurozone and IMF consider sustainable.
Greece's embattled economy faces another crucial deadline. On June 5 the Greek government is scheduled to repay 300 million euros ($329 million) to the International Monetary Fund, the first of ...
Here's what you need to know: Why is Greece in debt? Just like a household that spends more money each month than it brings in, Greece has piled up a mountain of debt by spending beyond its means.
Greece’s problems, and those looming over its neighbors, have laid bare the dangers of divergent fiscal and political policies in the euro zone.
Standard & Poor’s downgraded Greece yet again this week. In other words, the bailout did nothing to change the basics of Greece’s debt crisis. So the current situation can’t continue.
ATHENS, Greece (AP) — Greece’s center-right government on Saturday welcomed a credit rating upgrade by Moody’s, the last major ratings agency to lift junk status on government bonds that ...
Greece was teetering on the edge of financial oblivion. In a referendum on 5 July 2015, the Greek people voted, overwhelmingly and in defiance of Europe, to reject the terms of a new bailout to stop ...
June 27, 2015 marked a pivotal moment in Greece's financial crisis when Prime Minister Alexis Tsipras of that time called a referendum.