Eurozone

Greece's Finance Minister Yanis Varoufakis chronicles the dramatic events that took place during the last Eurogroup meeting, right before his counterparts decided to meet again - but without him. Since twitter and facebook have been abuzz with speculation about Greece's...

By Panicos O. Demetriades, University of Leicester As ECB froze the level of emergency liquidity assistance (ELA) it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold. Capital controls are on the way, with all the...

Capital controls have being imposed in Greece, as without the ECB's help the financial crisis deepens. Greek Finance Minister Yanis Varoufakis announced that banks will stay closed until July 6, while citizens be allowed to withdraw €60 per day maximum from each...

The European Central Bank (ECB) will stop providing Emergency Liquidity Assistance (ELA) to Greece, the BBC reports, citing unnamed sources. The end of emergency lending to Greece's banks might come as soon as Sunday - a move that could force them...

Although Prime Minister Alexis Tsipras urged Greeks to not approve the creditor's bailout agreement terms, the first polls in Greece find that most Greeks favor the deal even if it includes a new memorandum. In a poll conducted by Alco...

Although Greece is hard strapped for cash this is clearly a political decision with profound consequences for the future of the European Union. It is also the right one.

The problem with all this uncertainty is that the various players in the Grexit game fail to understand the serious consequences of not reaching a rational deal.

The Greek Parliament approved the Greek government's proposal for a referendum to be held in Greece on July 5, asking citizens to vote YES/NO on the agreement the country's creditors offered in order to release a much-needed financial aid...

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...

The finance ministers of the eurozone have rejected a Greek request to extend the deadline of its bailout program until after a planned July 5 referendum. Eurozone officials, said the finance ministers would continue meeting in an informal session without...