Greek debt crisis

"We are ready to help Greece survive its economic crisis with cooperation in tourism, energy, trade," Turkish Prime Minister Ahmet Davutoğlu said on Tuesday in Turkey's capital, Ankara, announcing this way his country's willingness to assist neighboring Greece get...

Through a New York Times blog post published on Sunday evening, the Nobel Prize-winning economist Paul Krugman urges the Greek people to vote "no" in the upcoming referendum regarding their creditors' bailout terms. In his article, Krugman expresses his personal...

United States President Barack Obama and French President Francois Hollande had a phone conversation on Monday, in which they reached an agreement to increase their cooperation in restarting dialogue on a Greek bailout program, a source close to Francois Hollande revealed. "They...

Financial Times journalist Peter Spiegel hastened to comment on the press conference Jean-Claude Juncker gave Monday saying that it is not true what the European Commission President said about pension cuts in Greece. Through his personal Twitter account, Spiegel accuses Juncker of...

Former International Monetary Fund Managing Director Dominique Strauss-Kahn made his own suggestions about the Greek financial crisis urging Greece's international lenders to accept a temporary halt to debt payments. The former French finance minister presented his proposals to the public through a three-page declaration entitled...

As Athens’ standoff with the European Commission, the International Monetary Fund, and the European Central Bank is taken to a dangerous new level, German Chancellor Angela Merkel has reportedly invited leaders of Germany's major parties to a meeting in Berlin on...

According to Nobel Prize-winning economist Paul Krugman, Greece seems to be doing the best thing it can under the current circumstances. Krugman thinks that Greek Prime Minister Alexis Tsipras is acting wisely because he has decided not to reach a decision single-handedly. In reality,...

In view of the current financial crisis, the German government has issued an unusual advisory regarding Greece. A statement posted on the website of the German Foreign Office on Sunday instructed German citizens planning to travel to Greece on vacation...

The risk of imposing capital controls in Greece has increased considerably, according to a CNBC article which explains the reasons that led to this development. “Greece's economy and its banking sector are feeling the strain of the reforms-for-rescue deadlock...

Italian economist Mario Monti, who served as the country's Prime Minister between 2011 and 2013, leading a government of technocrats during the Italian debt crisis peak, highlighted that Greece's time to "play games" is running out. As he said in...