
The Greece bailout crisis grew more acute Thursday even as the cash-strapped country avoided defaulting a debt payment.
Prime Minister Alexis Tsipras is set to resign Thursday evening, setting the stage for a new election.
By Diane Alter, Contributing Writer, Money Morning -
The Greece bailout crisis grew more acute Thursday even as the cash-strapped country avoided defaulting a debt payment.
Prime Minister Alexis Tsipras is set to resign Thursday evening, setting the stage for a new election.
By Diane Alter, Contributing Writer, Money Morning -
The Greece bailout crisis grew more acute Thursday even as the cash-strapped country avoided defaulting a debt payment.
Prime Minister Alexis Tsipras is set to resign Thursday evening, setting the stage for a new election.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
It's hard to imagine a situation where this most recent 86 billion euro ($94.1 billion) Greek bailout will succeed where the first 110 billion euro ($120.4 billion) Greek bailout in 2010 failed.
Or where the second 130 billion euro ($142.2 billion) Greek bailout in 2012 also failed.
Here's what is going to happen with this recent round of funding, and what is to become of Greece...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
For most of the Greek debt crisis the reality has been well-known. Even if it was only initially discussed among the staffers and in the back offices of the International Monetary Fund, a Greek default has always been inevitable.
So now that Greece is €328 billion in the hole – a 175% debt-to-GDP ratio – exactly why hasn’t Greece defaulted on its debt yet?
Here’s the real story behind the Greek debt crisis…
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
The financial news today is abuzz with headlines about the Greek debt crisis.
The biggest development came with International Monetary Fund Managing Director Christine Lagarde being quoted as saying that "a Greek exit is a possibility," adding the IMF to the chorus of Greek creditors who have raising the stakes on a possible "Grexit."
But here's what's getting lost in that conversation...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
Financial News Today: The Greek debt talks that have been playing out over the past week have pitted Germany against Greece.
Of course, there's a smattering of Eurozone finance ministers offering their voice to the meeting, but one player seems conspicuously absent from these talks.
We'll discuss that in a moment. But first, here's a roundup of the financial news today...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
As an emergency Eurozone meeting today (Wednesday) convenes to discuss a possible Greek debt deal, observers are underestimating Greece.
Surely Germany holds all the cards in negotiating a Greek debt deal, and has a lot of power how much austerity Athens may have to stomach.
But Greece is not without a wild card of its own...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
The Greek election results have ushered in a new political era for Greece.
And this will certainly impact the euro in 2015.
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By Diane Alter, Contributing Writer, Money Morning -
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