Greece

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Budget issues hurt Greece's 2012 Olympic plans

Apr 5, 2012
Today, the Greek Athletics Federation laid out what it sees as a "bleak future" for sports. The federation has suspended track and field events as part of budget cutbacks. That puts into question Greece's ability compete in the London Olympics this summer.
Posted In: Olympics, Greece, London Olympics, Europe debt crisis

Greek PM: We're on our way to economic recovery

Mar 19, 2012
Lucas Papademos says the majority of Greeks are knuckling down to the agreed budget cuts and economic reforms as the country's second financial bailout sets in.
Posted In: Greece, greek bailout

Did writing off debt in Greece count as a default?

Mar 9, 2012
In Greece, private investors have agreed to write off about 75 percent of their loans to the country.
Posted In: Greece, credit default swaps, Europe, default

The next crisis in Europe?

Mar 8, 2012
If Greece will soon be out of the woods, at least temporarily, other European nations are still at risk of financial collapse.
Posted In: Greece, Europe

Investors face deadline to prevent Greek default

Mar 8, 2012
Private bond holders have until this afternoon to decide if they'll take major losses on their investments in order to keep Greece out of a messy default, and avoid another global crisis.
Posted In: euro, Greece, investors, Europe debt crisis

Some Greek bond holders want to avoid major loss

Mar 8, 2012
With the risk of a Greek default hanging in the air, why would some bond holders of Greek debt vote against a reduction of the country's debt?
Posted In: Greece

Jobs market holds firm, McDonald's continues to grow

Mar 8, 2012
The American economy seems to be moving along at a healthy clip, from jobs to hamburgers.
Posted In: Jobs, Unemployment, McDonald's, Greece

Taking a loss on Greek bonds

Mar 8, 2012
Private investors are being asked to accept big losses on their loans to Greece, in order for the country to get more bailout money and avoid a messy default that could send Europe back into crisis. About two-thirds of bondholders so far have agreed.
Posted In: Europe debt crisis, Greece, bonds

Big economic worries remain surrounding Greece

Mar 7, 2012
There is a possibility that Greece's private creditors won't accept big losses on their investments by a deadline tomorrow night.
Posted In: Greece, Europe

Setting the stakes for Greece's bailout

Mar 7, 2012
The deadline for Greece's bailout is tomorrow. But if bondholders still hold out, more delays are on the horizon and the possibility of a Greek default remains.
Posted In: Greece, Europe debt crisis

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