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From This Collection

European Debt Crisis

Unemployed Greek youth: 'We don't feel useful'

by Lizzie O'Leary Aug 8, 2013
Greek unemployment as a whole is at a staggering 27.6 percent.
A man sits near the entrance of a Manpower Employment Organization (OAED) office in Athens on May 9, 2013, with graffiti on the wall reading 'terrorism is the search for a job.'
LOUISA GOULIAMAKI/AFP/Getty Images
Greek Debt Crisis

Pro-bailout New Democracy party wins in Greece

by Jeremy Hobson Jun 18, 2012
It appears Greece will be staying in the eurozone for at least a bit longer, as the pro-bailout, pro-austerity New Democracy party narrowly beat the anti-bailout Syriza party in yesterday's elections.
Greek Debt Crisis

A reality check on the Greek bank run

by Kai Ryssdal 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.
Greek Debt Crisis

Fears of bank runs on the rise in Greece

by Jeremy Hobson 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 Almost a billion dollars worth of deposits was withdrawn on Monday alone.
Greek Debt Crisis

No more wagers on Greek exit

by Kai Ryssdal 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.
Greek Debt Crisis

Markets worry as Greece struggles to form government

by Stephen Beard 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.
Greek Debt Crisis

No new government yet for Greece puts future in doubt

by Jeremy Hobson 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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Greek Debt Crisis

Greece begins to sell islands to raise cash

by David Brancaccio Apr 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.
Greek Debt Crisis

Did writing off debt in Greece count as a default?

by Stephen Beard Mar 9, 2012
In Greece, private investors have agreed to write off about 75 percent of their loans to the country.
Greek Debt Crisis

Some Greek bond holders want to avoid major loss

by Bob Moon 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?