Greece
Greece Articles
This week’s economic and market news headlines have been dominated largely by Mario Draghi’s bond-buying program and now by an official unemployment rate of 8.1% with only 96,000 payrolls added...
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The Guardian reports that the next bailout of Greece may require residents to work six days a week. That is unlikely to go down well with Greeks and likely will cause more unrest and riots. Those...
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The unemployment rate for the 17 member nations of the eurozone did not change in July, holding steady at 11.3%. What did change was the raw number of unemployed, which is now 18.002 million...
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The relationship between Germany and France on the one hand and Greece on the other spins from accommodation to exasperation in an almost regular cycle. Despite support of the euro, in concept,...
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Merkel, Hollande Press for Greek Austerity The relationship between Germany and France on the one hand and Greece on the other spins from accommodation to exasperation in an almost regular cycle....
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Greece may not be very large by gross domestic product or population, but it could be the single most important test for the effects of austerity. Its unemployment rate is now 23.1%, second only to...
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Unemployment in Greece hit a record 23.1% in May, a rise of 6.5% from May 2011. Even worse, among people less than 25 years old, the rate is 54.9%. Just before the wheels fell off the Greek economy...
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Knight Capital Group Inc. (NYSE: KCG) raises $400 million. (CNBC) HTC reports that sales of its smartphones fell 45% year-over-year. (Reuters) The New York State Department of Financial Services...
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Germany’s Spiegel reports today that Greece is seeking more time to meet the conditions for the €130 billion bailout package that the country agreed to in March. The report claims that such a...
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Mortgage bank Countrywide used its VIP loan program to influence Congress. (Reuters) The search for a CEO for Yahoo! (NASDAQ: YHOO) narrows to interim chief Ross Levinsohn and Jason Kilar of Hulu....
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The usual arrangement for the bailout of large banks in Europe has been for sovereigns to take on loans from eurozone funds and then use those funds to recapitalize their troubled financial firms....
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New Democracy’s Antonis Samaras’s party won the national elections in Greece. But it did not win a majority. His pro-austerity party will try to create a coalition now. The odds appear to in...
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The Greek elections are finally here and the outcome is currently up in the air as Greek law prohibits poll results from being published in the country. We have been monitoring this for most of the...
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So much for any great help from the ECB, France, Germany, and any other entity being able to help the Euro stay together. Rumors have been out that nations have been instructed to make contingency...
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nationsonline.orgOne reason the United States remained active in the politics and war in Southeast Asia in the 1960s was the so-called domino theory: if one nation in the region fell to communism, it...
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