Greek debt crisis

France’s Debt Crisis Raises Comparisons With Greece’s Bailout

Rising French government bond yields and mounting political uncertainty have renewed comparisons with Greece's sovereign debt crisis, although France continues to access financial markets and faces significantly lower borrowing pressures than Greece did before its 2010 bailout. France's public debt...

Greece Rejoins World’s Developed Stock Markets After Debt Crisis Recovery

Greece’s stock market entered FTSE Russell’s developed-market group Monday, marking another step in the country’s recovery from the sovereign debt crisis that battered its economy and financial system. The change, effective from Monday, moves Greek shares out of FTSE’s...

Greece Plans Early €13 Billion Debt Repayment as Borrowing Costs Stay Below US

Greece is planning to repay about €13 billion ($15.1 billion) more of its bailout-era debt ahead of schedule, extending a remarkable financial turnaround that has taken the country from the center of Europe's sovereign debt crisis to borrowing at...

New Study Links Greece’s Austerity Era to an Estimated 854 Excess Infant Deaths

A new peer-reviewed study has estimated that Greece experienced approximately 854 excess infant deaths between 2010 and 2020 compared with a modeled scenario in which the country had not undergone austerity of comparable depth and duration during its debt...

Greece Orders Pre-Trial Detention for Two Accused in 2010 Marfin Fire

A court in Athens ordered the pre-trial detention of two men accused in connection with the deadly 2010 arson attack on a Marfin Bank branch in central Athens that claimed the lives of three employees during anti-austerity protests. The two...

Wolfgang Schaeuble’s Memoir Delves Into the Greek Debt Crisis

The memoir by Wolfgang Schaeuble, one of the key figures of the 2009-2018 Greek debt crisis who died in December 2023, is hitting bookstores in Germany on Monday. The memoir, titled Memories. My Life in Politics, delves into the Greek crisis...

Greece Raises $3 Billion by Reissuing 5-Year and 30-Year Bonds

Greek Finance Minister Christos Staikouras announced the successful reissue of Greece's 5-year and 30-year bonds. These bonds allow investors to invest in the Greek government's sovereign debt for the next 5 or 30 years, depending on which bond they...

Obama Blasts Stubborn Austerity Measures Imposed on Greece

Former US President Obama, in his gigantic new book of memoirs called "A Promised Land," released on Tuesday, speaks at some length about Greece's debt crisis, which he admitted kept him and his aides up at night during its...

Greece Denies Postponing Bond Issue Due to Italy Crisis

Greece on Wednesday denied reports that the planned issue of a 10-year government bond had been postponed, pointing out that no decision to issue such a bond had been made. Earlier, Reuters reported that Athens had decided to push back...

Greek Tourism Revenue Might Help the Country Turn a Corner, But Still a Bumpy Road Ahead

Tourism in Greece is on the rise and the revenue from the tourism sector is crucial for putting the Greek economy in the green. However, even with the 9 percent increase in tourism this year, there are still factors...