Greek Debt Crisis
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Fears of bank runs on the rise in Greece
Wednesday, 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 Almost a billion dollars worth of deposits was withdrawn on Monday alone.
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A reality check on the Greek bank run
Wednesday, 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.
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No more wagers on Greek exit
Thursday, May 10, 2012
As an exodus in the European Union becomes more a sure thing, two of London's largest bookmakers shut down the markets for bets on Greece leaving the E.U. and the existence of the euro in a few years.
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No new government yet for Greece puts future in doubt
Wednesday, May 9, 2012
Though Greece held elections over the weekend, a new government hasn't formed. Nick Malkoutzis with the Greek newspaper Kathimerini discusses the uncertainty surrounding the nation.
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Markets worry as Greece struggles to form government
Wednesday, May 9, 2012
Once again investors are focusing on Greece as the nation tries to form a coalition government. It looks like more turmoil is on the horizon.
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Greece begins to sell islands to raise cash
Thursday, April 26, 2012
Greece is reportedly selling off islands to raise money. The small island of Oxia is being sold to the royal family Qatar and more are on the block.
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Did writing off debt in Greece count as a default?
Friday, March 9, 2012
In Greece, private investors have agreed to write off about 75 percent of their loans to the country.
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Some Greek bond holders want to avoid major loss
Thursday, March 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?
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Taking a loss on Greek bonds
Thursday, March 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.
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Big economic worries remain surrounding Greece
Wednesday, March 7, 2012
There is a possibility that Greece's private creditors won't accept big losses on their investments by a deadline tomorrow night.
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Greece adopts drastic austerity measures
Monday, February 13, 2012
Overnight, the Greek parliament imposed drastic cuts that will layoff some 150,000 government workers, raise the retirement age and lower the minimum wage by 20 percent. What would the same cutbacks feel like here in the U.S.?
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Greece puts debt deal up for referendum
Tuesday, November 1, 2011
The fate of the euro hangs in the balance as Greece's prime minister asks his people to vote on the deal to solve the European debt crisis.
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Key French bank slashes its Greek debt
Wednesday, February 15, 2012
BNP Paribas, France’s largest bank, cut the value of its Greek debt by 75 percent. Markets were fine. Does that offer a glimmer of hope in the crisis?
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Protests in Athens over latest proposed cuts
Friday, February 10, 2012
Greeks are striking again today to protest deep cuts the government wants to make in order to get more bailout money. But even the most recent austerity deal Greece proposed might not be enough.
















