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debt crisis

Could China’s Evergrande Collapse Lead To New Global Recession?

China's Evergrande Group's debt crisis has led market analysts to whisper about a new "Lehman Brothers moment" in the world economy. The Chinese real estate giant has warned for months that it would be unable to fulfill its loan...

Is Greece Out of the Woods? Key Dates from a Decade of Crisis

It has been a long and painful road for Greece and its people during a decade of economic meltdown and austerity. As analysts pick over Thursday’s deal announced at a Eurogroup meeting in Luxembourg which purports to lay down Greece’s...

President Pavlopoulos: Only the Issuing of a Eurobond Could Resolve Debt Crisis

The issuance of a type of Eurobond is the only way to resolve the debt crisis in the Eurozone, President Prokopis Pavlopoulos said during a ceremony to proclaim him an honorary Doctor at the University of Patras on Sunday. “Only...

Obama: Greek Debt Crisis Has Eased but More Work Still Needed

U.S. President Barack Obama said that the Greek debt crisis has "eased" during his meeting with reporters on the sidelines of the G7 summit in Shima, central Japan. "The fact that the Greek debt crisis has been resolved for...

Schaeuble Rules Out New Debt Crisis for Greece

  German Finance Minister Wolfgang Schaeuble ruled out another financial crisis for Greece. Speaking ahead of the Group of Seven finance ministers meeting with central bankers in Sendai, northern Japan, Schaeuble said on Thursday that he was confident that the Eurogroup of...

Nobel Prize-winning Economist Paul Krugman Says He Sees No Progress on Greek Debt Crisis

Nobel Prize Winner and Op-Ed Columnist for The New York Times, Paul Krugman, said in an extended interview he granted yesterday to Business Insider that he does not feel optimistic about Europe and sees no progress on the Greek...

Greek Economy Minister is Certain of Economic Growth by End of 2016

"Greece will not become a tax haven. We will follow the road of European countries which maintain high tax rates," Economy Minister George Stathakis said on Tuesday, addressing a conference organized by the American-Hellenic Chamber of Commerce. "We will...

Mixed Reaction to Greek Referendum Decision

News of the impending referendum has caused alarm for some in Greece. The country’s Central Bank says deposits are now at their lowest level since May 2004. But while there is concern for some, for others there is resignation and...

French FinMin: Greece Cannot Play France off Against Germany

France's Finance Minister Michel Sapin warned Athens against any attempt to play Paris off against Berlin over Greece's debt crisis, saying a Franco-German agreement is key to striking a deal that would help Greeks and ensure they meet their commitments,...

U.S. Treasury Officials Expected in Greece

A mission of U.S. Treasury officials is expected to visit Athens soon for talks with the Greek government, as part of a series of missions on debt crisis issues, according to sources in Washington, DC. The Treasury members are experienced...