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The curtain has fallen on the Atlantic Supermarket chain. The chain, once the fifth largest in Greece, today is officially bankrupt and has closed....

Angela Merkel, Chancellor of Germany referred to the new rescue package as a significant political agreement. However, she rejects any possibility of debt restructuring. Under...

Chief executives of large companies in France and Germany have requested immediate rescue of European countries, which are heavily indebted, especially Greece. 50 “Giant Companies” in...

Drowning in debt, Greece won the pledge of a new bailout on top of a July cashflow fix, but only after surrendering some of...

Greek and Portuguese bonds led a slump in the securities of Europe’s most indebted nations amid mounting investor concern that some may be forced...

By Alex Mizan* Linda P.B. Katehi became the sixth chancellor of the University of California, Davis, on August 17, 2009. As chief executive officer,...

German Finance Minister Wolfgang Schaeuble said a Greek exit from the euro “is not taboo, but I think it’s wrong,” according to a Focus...

Harvard University professor Kenneth Rogoff said that Greece and Portugal should be urged to leave the euro zone for 10 to 15 years to...

Goldman Sachs said that Greek bondholders are unlikely to get all their money back on schedule unless borrowing costs fall, according to Bloomberg. Andrew Wilson,...

Greek lawmakers approved the 2011 budget in the early hours of Thursday amid ongoing strikes and protests by labor unions over painful austerity measures...