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Greece jumps, Spain slumps

May 28, 2012
Markets in Europe are mixed today: Greece is way up and Spain is down. Though both countries face major economic troubles, the level of uncertainty may be the key in determining their market variation.
Posted In: spain, Greece, Europe debt crisis, bank bailout

What happens if Greece defaults? A flow chart

May 24, 2012
If Greece ditches its austerity plan and defaults on its loans, how might that play out in the global economy? Follow our flow chart to find out.
Posted In: Greece, default, Eurozone

Euro officials talk 'Grexit' of Greece from euro

May 24, 2012
Euro leaders say they are committed to Greece staying with the euro, but talk of an exit is growing louder. Finance ministers have advised euro zone members to draw up contingency plans for what's being called an "amiable divorce" from Greece.
Posted In: Europe debt crisis, Greece, IMF

Euro leaders plan for Greece to 'divorce' the euro

May 24, 2012
Although eurozone members want Greece to keep the euro, contingency plans are being made in case there is a parting of ways. The cost and wider economic effects of a possible Greek exit are highly uncertain.
Posted In: Greece, euro, Europe debt crisis

European banks continue to fear extra withdrawals

May 21, 2012
Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.
Posted In: Germany, Greece, banking

ECB cuts off funding to some Greek banks

May 17, 2012
German Chancellor Angela Merkel has sent a message that she is committed to keeping Greece in the eurozone. At the same time, the European Central Bank is keeping Greek banks on a tight leash, cutting off funding for some.
Posted In: European Central Bank, Greece, Angela Merkel

Fears of bank runs on the rise in Greece

May 16, 2012
New elections are scheduled for June 17th in Greece, but that may not be soon enough to calm fears at Greek banks. Almost a billion dollars worth of deposits was withdrawn on Monday alone.
Posted In: Greece, banking

Greek citizens pulling money from banks

May 16, 2012
With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.
Posted In: Greece, banking, Greek debt

A reality check on the Greek bank run

May 16, 2012
We check in with one Athens resident about whether Greeks are really withdrawing their cash from local banks in droves and what the mood is like on the streets.
Posted In: Greece, Greek debt

Where the new Greek election leaves Europe

May 15, 2012
Prof. Matthias Mattjijs discusses how a new Greek election might affect the eurozone.
Posted In: Greece, Greek debt

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