Greece
German proposal: Suspend Greek sovereignty as price of financial aid
January 31, 2012Germany's Role in Europe and the European Debt Crisis The German government proposed last week that a European commissioner be appointed to supplant the Greek government. While phrasing the German proposal this way might seem extreme, it is not unreasonable...
November 03, 2011By Kati Suominen/ GMF/ Washington, DC -- The Greek bombshell decision to hold a referendum on the last week’s celebrated eurozone bailout package will ensure that the G20 Summit starting on Thursday in Cannes will be hijacked by Europe...
European Crisis: Precise Solutions in an Imprecise Reality
October 05, 2011By George Friedman -- An important disconnect over the discussion of the future of the European Union exists, one that divides into three parts. First, there is the question of whether the various plans put forward in Europe plausibly could result...
Default in the Eurozone - the impact for the Transatlantic economy
September 22, 2011By Joe Quinlan and Peter Sparding / Washington / GMF / -- A specter is haunting Europe — the specter of default in the eurozone. At the core of the problem is Greece — one of the smallest yet most heavily indebted economies in Europe. The...
Greece has formally requested a new loan from the EU and the IMF
June 24, 2011By Larisa Muntean/ Chişinău / Moldova.ORG/ --Greek Prime Minister George Papandreou on Thursday evening formally requested a new plan for financial aid from the EU and the IMF, after the value of 110 billion set a year ago, the European Union announced...
Greece: Athens faces moment of truth, EU's Barroso says
June 21, 2011Greece faces a "moment of truth" as the government battles to win support for austerity measures, EU Commission President Jose Manuel Barroso has said. A vote of confidence late on Tuesday is a first step towards a vital 12bn euro ($17bn; ...
Greece: Papandreou picks Venizelos as finance minister
June 17, 2011Greek Prime Minister George Papandreou has replaced his finance minister in a bid to push through unpopular austerity measures demanded by the EU. Evangelos Venizelos has been promoted to the finance ministry and tasked with tackling a crippling debt...
Eurozone talks in Brussels to focus on Greece
May 17, 2011Eurozone financial ministers are to continue their talks in Brussels, with discussions now expected to focus on the dire state of the Greek economy. Greece got a 110bn euro ($136bn; £94bn) bail-out in 2010, but there is growing acceptance that...
Eurozone economy grows 0.8% in the first quarter
May 13, 2011Chisinau / Moldova.ORG/ -- After nearly three years of economic turmoil, Greece returned to growth in the first three months of 2011, helping the wider Eurozone grow by more than anticipated. Eurostat, the EU's statistics office, said Friday that the...
Eurozone leaders to begin crucial bail-out fund talks
March 11, 2011The 17 leaders of eurozone nations will finally sit down together later to forge their long-touted plans to secure the future of their currency zone. They do so as government borrowing costs again hit the roof. Europe's lenders don't like what they...