Greece
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Greek Euro Exit

Samaras: Greece will Emerge from Crisis Soon

Prime minister Antonis Samaras is confident Greece will emerge from its economic crisis with the prospect of long-term development. "In two or three years the memorandum will no longer exist," Samaras said. "We are leading the country towards economic recovery...

German Economy Minister: "Horror" of a Greek Euro Exit Has Faded

German Economy Minister Philipp Roesler on Sunday reiterated his doubts about whether debt-mired Greece would be able to stay in the euro zone, saying the 'horror' of a potential exit had worn off. Mr Roesler told ARD public television that...

Greeks Favor Renegotiation of Loan Even at Risk of Euro Exit

Almost three-quarters of Greeks want Antonis Samaras’s coalition government to insist on a renegotiation of the terms of the country’s international loan agreement, an MRB poll showed. Of 1,011 people surveyed, 74 percent said the coalition should insist on discussing...

Nouriel Roubini: 'Euro 2012' May Soon Turn Into 'Drachma 2012'

"Football championship Euro 2012 may soon turn into Drachma 2012 depending on results of the Greek elections on June 17th..." wrote world-class economist Nouriel Roubini on his Twitter account today, comparing the ongoing football championship to the possible Greek...

Greek Euro-Exit Moonscape Result May Threaten Drachma Choice

Business in Greece can hardly get worse for Pavlos Tziorkas’ technology consulting firm as it battles a credit freeze in the fifth year of recession. That is, he says, unless his country were to leave the euro, Bloomberg reported. As...

China Calls on Economic Experts to Plan Reaction on Potential Greek Euro Exit

As Greek elections on June 17 come closer and the world's financial agencies are not certain what plan is more possible - exit or remaining in the Eurozone - the EU, the IMF and many powerful countries around the...

French Finance Minister: Greek Euro Exit Not Ruled Out if Loan Deal Broken

A Greek exit from the eurozone will be on the agenda if Athens fails to impose austerity measures required in its EU-IMF bailout deal, French Finance Minister Pierre Moscovici said Sunday. "The question would be raised without a doubt.... if...

Bloomberg Tests Post-Euro Greek Drachma Code

It’s gone now, but foreign exchange dealers for a time Friday were shocked to see a brand new currency appearing on their Bloomberg screens: a post-euro drachma. The news set the trader grapevine and Twittersphere ablaze with speculation the financial...

Is the Market Misfiring on Greek Euro Exit?

Hardly a day passes without an estimate of the cost of Greece leaving the Euro. Estimates range from a few hundred billions up to a trillion Euros, yet the market seems to be reacting rather cool about it. For...

European Firms Plan for Greek Euro Exit

British electrical retailer Dixons has spent the last few weeks stockpiling security shutters to protect its nearly 100 stores across Greece in case of riots. The planning, says Dixons chief Sebastian James, may look alarmist but it΄s good to...