Greece

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Explainer: Greece's 'selective default'

Feb 28, 2012
Yesterday, Standard & Poor's downgraded Greece's credit rating to "selective default." It's a move that everyone expected, but what's the difference between that and the messy default it was trying to avoid?
Posted In: Greece, default, selective default, credit default swaps, Standard & Poor's

Some German tax experts to volunteer advice to Greece

Feb 27, 2012
Some volunteer tax experts from Germany want to head to Greece for a series of tax collection workshops to help Greece increase its revenue, but Greek tax officials aren't happy with the idea.
Posted In: Greece, Germany, Greek debt

What do we owe Greece?

Feb 23, 2012
Commentator Angelo Tsarouchas puts a price tag on what Greece has given the world.
Posted In: Greece, Greek debt, greek bailout

Greece avoids a messy default... for now

Feb 21, 2012
After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion plus bailout for Greece. That'll save the country from a messy default, but stability can be hard to get too excited about, for Greeks and banks that owned Greek bonds -- especially with the harsh terms of the agreement.
Posted In: Greece, Europe, IMF

On bailouts, from Greece to Michigan

Feb 21, 2012
As news arrives that Greece will receive a fresh $170 billion from the rest of Europe, we are broadcasting from Michigan this week leading up to that state's primary. On the minds of citizens of Michigan? The big auto bailout of a few years back.
Posted In: bailout, Greece, Michigan, Auto

How Greece could move forward from here

Feb 21, 2012
After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion bailout deal for Greece. It'll save the country from a messy default, but the terms of the deal are painful.
Posted In: Greece, Greek, Europe

Greek bond investors take big 'haircut' in bailout deal

Feb 21, 2012
Hans Humes is one of the private creditors who is now taking a 74 percent haircut on the Greek debt he owns. He explains what that means, and why he invested.
Posted In: Greece, haircut, Europe debt crisis

European finance ministers close to agreement on Greece

Feb 20, 2012
The second bailout deal for Greece seems imminent, but it still won't bring a total end to the debt crisis.
Posted In: Greece, greek bailout, Europe debt crisis

Euro finance ministers expected to approve Greek bailout

Feb 20, 2012
European finance ministers are meeting in Brussels today. They're expected to finally approve a new bailout loan package for Greece. The price tag: $170 billion.
Posted In: Europe, Greece

Greeks channel financial woes through song

Feb 17, 2012
As Greece faces yet another deadline to adopt more austerity measures and reforms, some Greeks have turned to satire and song to express their frustration and fury over the country's continued economic misery.
Posted In: Greece, Greek debt, opera

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