Eurozone

One of the best places to understand the Greek crisis and what is going on in Greece at the moment is in the queues forming at the ATMs of closed banks.

  This year's 4th of July  holiday coincided with Greece’s referendum.  As an American by birth and Greek by blood, I honor America’s victory over taxation without representation and Greece's OXI victory - the first decisive challenge to neoliberal economics since European integration. The United States...

Was the design of German monetary union flawed? Was it a mistake to adopt the euro? On the occasion of this historically important date, experts at DIW Berlin addressed these questions.

Eurogroup President Jeroen Dijsselbloem said that he expects Greece's new proposal on its debt the latest by tomorrow because the time frame for Greece is increasingly short. "We believed that there will be proposals, we must have new proposals sent...

Luxembourg Finance Minister Pierre Gramegna noted that the Eurozone governments may consider writing off part of Greece’s debt, but then the country would have to commit to a new reform package. “A haircut is not taboo for Luxembourg in the...

Japan's Economics Minister Akira Amari said Greece and the European Union should work hard to strike a win-win deal that would keep Greece in the eurozone, according to Reuters news agency. "Greece and the EU should also take steps to...

European Commission President Jean-Claude Juncker said that there will not be a solution to the Greek debt problem in Tuesday's summit of Eurozone leaders and said he will ask Prime Minister Alexis Tsipras what the 'No' in Greece's bailout...

German Chancellor Angela Merkel and French President Francois Hollande held a joint press conference where they addressed the result of the Greek referendum, following their meeting in Paris on Monday. The two leaders said they respect the Greek people's vote and noted...

The 'no' vote in the Greek referendum complicated things and a new bailout program for Greece cannot be negotiated without a mandate from the Eurogroup, said European Commission Vice-President Valdis Dombrovskis at a daily news conference by the Commission. "The...

Greece's place in Europe might be determined within the next 48 hours with a barrage of meetings, teleconferences and a Eurozone summit on Tuesday. On Monday there will be a teleconference between European Commission President Jean-Claude Juncker, Eurogroup President Jeroen Dijsselbloem,...