Greece
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Eurozone

Slovakia Blocks Greek Rescue Fund

The Slovakian government has blocked plans to expand the European bailout plans, although international lenders are still expected to give Greece a loan next month. According to Reuters, Slovakia is the only country not to agree to grant the European...

Euro Zone Postpones Greek Loan

Eurozone finance ministers have delayed a decision on giving Greece its next instalment of bailout cash. It came after Greece said it would not meet this year's deficit cutting target, sending shares lower on Monday. A meeting set for 13 October,...

Immigration, Financial Crisis Threaten Border-Free Europe

As Europe scrambles to contain the financial crisis in the eurozone, another effort to deepen European unity is also being challenged, the Schengen passport-free travel zone. Immigration, lax controls, corruption and sovereignty worries are undermining dreams of border-free travel. Europeans now...

Venizelos Says Greece “Scapegoat” But Will Survive Crisis

With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]

Citigroup Says Greece's Exit from Eurozone Could Be Next Crash

The analysts of Citigroup are not certain about the sovereign default of Greece or its exit from the Eurozone, according to a relevant report. Nevertheless, it is underlined that there are some substantial dangers and apprehensions that should be...

Greek Crisis Threatens Eurozone Survival

ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots over government-imposed pay cuts, tax hikes and slashed pensions to satisfy international lenders putting up...

Austria Suggests Greece Make Collateral Deals with Eurozone Countries

According to the Greek newspaper “Eleftherotypia”, the Austrian Minister of Economics proposed that countries of the Eurozone which do not hold a great deal of Greek bonds should receive collateral deals like Finland, but that France and Germany...

George Soros Suggests Greece, Portugal Quit Euro-Zone

George Soros, the US speculator turned billionaire philanthropist, has suggested both Greece and Portugal quit the European Union and the euro-zone because of their massive debts. "One has so mishandled the Greek problem that the best way forward at present...

Germans Want Greece Out of Eurozone

According to an article in the New York Times, Germans continue to want Greece out of the Eurozone. Hans-Werner Sinn, president of the German Institute of Economic Research, steated that it would be better for all if Greece temporarily left...