Eurozone

People across the globe have started considering the possibility of a Greek exit from the Eurozone, but what would that mean for the European monetary union? The Wall Street Journal attempted to find the answer to this question in a...

Reuters reported that Eurozone country leaders attempted to block the IMF’s decision to publish a report regarding the Greek issue, where the Fund admitted that the Greek debt is unsustainable and requires relief. The report vindicated the leftist SYRIZA government,...

  One day before Greeks vote in a referendum to accept or reject a bailout deal the EU has offered them, the European Financial Stability Facility issued a statement "reserving its rights to act upon Greece's default." With the Greek Banks closed...

The people of crisis-hit Greece will vote today YES or NO to the latest deal from the country’s creditors in a referendum that caused the Greek banks to close worsening the country's condition. No matter what the outcome of...

Amidst fears of financial catastrophe, Greek banks are considering to tap into depositors funds the Financial Times reported citing bankers and businesspeople with knowledge of the measures. "The plans, which call for a haircut of at least 30 per cent...

  The capital controls the Greek government has imposed have one loophole. Greeks can in fact withdraw their money if they are willing to convert their euros into bitcoin. The online currency has already become a popular option for Greeks over the last few months....

  The plan creditors proposed to Greece is bad and recessionary, and the answer is "No," said French economist Thomas Piketty to Belgian newspaper Le Soir, adding that despite the brutal threat of Greece's exit from the Eurozone and the financial...

"It's up to the Greeks to decide what they will vote in Sunday's referendum," stated Eurogroup President Jeroen Dijsselbloem on Friday. "It is important for Europe but it is more important for the Greeks," he added. Dijsselbloem had earlier warned that...

Can a hypothetical Grexit decision adopted by the EU institutions be legally challenged by Greece in courts?

Greek Prime Minsiter Alexis Tsipras said that Greek banks will reopen when Greece and its creditors leave from the negotiations table with an agreement in hand. After the Greek government decided to hold a referendum asking its citizens to vote...