Topic: George Papandreou

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A brief history of the Greek debt crisis

The Greek debt crisis has unfolded over several years and through a litany of bailouts, parliamentary votes, and credit downgrades. Here is a brief overview of how we got to where we stand today.
Photos of the Day: Photos of the Day 06/15
In Pictures: Athens protests
Photos of the Day: Photos of the Day 05/26
Gallery: ERDOGAN DIPLOMACY

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Greek finance minister quits post to lead struggling Socialist party

Greek Finance Minister Evangelos Venizelos is resigning his cabinet post amid the ongoing debt crisis to lead the Socialist party in general elections this spring.
Greeks greet debt deal with relief, but dread sacrifices ahead

The EU agreed to give Greece a $170 billion bailout, rescuing the country from a default next month. But after five years of recession, the economic outlook is still not promising.
Forget about preventing default in Greece, control it, says Europe

Though Athens is still taking steps to contain the damage, most of Europe is skeptical that Greece will dodge a default.
Despite riots, Greece pushes ahead with austerity (+video)

The Greek Parliament voted last night to slash the minimum wage and public sector jobs in exchange for a bailout, despite public fury that led to Molotov cocktails and tear gas.
The Reformed Broker
The biggest stock market moments of 2011

A countdown of the market's ten defining moments of the year, from the eurozone crisis to the collapse of Bank of America.
For Greek PM, political reality trumps fury of Sarkozy, Merkel

Greek PM Papandreou got the backing of his cabinet to hold a referendum on EU bailout terms. He meets today with France's Sarkozy and Germany's Merkel, who have said renegotiating is not an option.
Greek debt referendum: Bad for economy, but good for democracy

The shocking news of a Greek debt referendum this week has prompted European leaders to hold an emergency meeting today ahead of the G20 summit in Cannes, France.
Referendum in Greece has Eurozone members reaching for panic button

Referendum to be called in Greece: Prime Minister George Papandreou called for a referendum that may further destabilize the economy in Europe and undermine euro.
Greek bailout – and Papandreou's premiership – in jeopardy

The Greek bailout isn't the only thing in doubt after Prime Minister George Papandreou said he will put what Europe took to be a done deal to a referendum. His government could fall this week.
Robert Reich
Greeks' choice–and ours: Democracy or finance?

Greek Prime Minister George Papandereou called for a national vote on the budget cuts Europe has proposed for his country. Shouldn't US voters have had the same choice?
Markets swoon, hit by thunderbolt news of a Greek debt referendum (video)

Stock markets in the US and Europe fell Tuesday, stunned by news that Greeks will vote in January on national austerity measures tied to resolving Greece's sovereign debt woes.
Greek referendum call stuns EU. Could it topple Papandreou?

European politicians reacted angrily and financial markets slid after Greek Prime Minister Papandreou stunned Europe with the announcement of a Greek referendum on latest aid package.
Euro debt crisis: Is Brussels deal just buying time?

The euro debt crisis deal reached in Brussels is stirring cautious optimism in the Asian and European markets. But the specifics have yet to be worked out.
In Greece, protests, desperation, and 'the mother of all strikes.' Which way forward?

Greeks flooded Athens today in fierce protests against yet another round of austerity measures and higher taxes coming their way.
A brief history of the Greek debt crisis

The Greek debt crisis has unfolded over several years and through a litany of bailouts, parliamentary votes, and credit downgrades. Here is a brief overview of how we got to where we stand today.
New solution to European debt crisis: refinancing Europe's banks?

As the global economy founders, refinancing Europe's banks to deal with the debt crisis might be preferable to bailing out countries, experts say – and politicians are starting to agree.
Europe debt crisis: Greece teeters on brink of bankruptcy

Greece revealed today that it is in more dire economic straits than envisioned when a €110 billion bailout deal was agreed to this summer, sparking concern that Europe’s debt crisis could deepen.
Merkel, Papandreou buying time for debt-stricken Greece

The German chancellor and Greek prime minister today gave speeches pushing their plan to solve Greece's economic crisis, just days before the German parliament votes on more bailout money.
The honesty factor in reviving the economy

Lack of honesty helped trigger the economic woes in the US and Europe. Greater honesty will help reverse them.
Greek government in desperate battle to avert default

Prime Minister Papandreou canceled his US trip and hinted at further austerity measures after Europe's 'troika' of experts expressed doubt about the Greek government's plans to avoid default.
Stock prices fall on worries over Greece

Stock prices plummeted in Europe and stock futures were down in the US after EU ministers failed to expand a bailout fund to help Greece. Bank stock prices led the decline in Europe.
Jobs report eases US market, but EU feeling heat

A better-than-expected US jobs report helped abate selling pressures on Wall Street. But Europe's debt problems are pressuring EU officials to act.
EU leaders agree on Greek bailout. Turning point in euro crisis?

European leaders in Brussels today agreed to a deal for Greece that includes $156 billion in aid, private investors, and extending the maturity period on Greek bonds.
Israel's new friend: Why Greece is thwarting Gaza flotilla

Since last year's flotilla debacle killed nine Turkish activists, Israel has cultivated ties with Greece, offering the debt-ridden country generous military aid.
Backchannels
Greece puts halt to Gaza flotilla in a win for Israel

The Greek coastguard escorted a US boat seeking to join the Gaza flotilla back to port and said it will stop all other attempted departures. It looks like a big diplomatic victory for Benjamin Netanyahu.