Better Economic Times Ahead for Greece?
Greece’s economy is finally showing some signs of recovery, and it can be attributable to many things.
Greek Opposition Holds Out on Spending Cuts
Prime Minister Antonis Samaras ound the going tough over the weekend as he failed to convince all members of his coalition that additional austerity measures must be enacted to obtain the next tranche of rescue funding.
Companies Prepare for Greek Exit
Despite the prime minister's about-face from austerity opposition to austerity enforcer, public sentiment in Germany and Austria is rising against any further help to the beleaguered country.
Merkel Battles Headwinds at Home Over Greece
Chancellor Merkel of Germany took to the airwaves over the weekend to try to quell ever-louder exitmongering talks among her political colleagues at home as they declared that Greece should depart the eurozone.
Greece Must Stay in Eurozone: Hollande, Merkel
After meeting with Prime Minister Samaras of Greece on Saturday, President Hollande of France reiterated that Greece must remain in the eurozone—echoing the words of the German chancellor, Angela Merkel, the day before.
Germany Doubles Down on Greece
German officials seem to be backing away from earlier hints that leniency would be possible toward Greece on complying with the budget constraints of its bailout package.
Germany, France Discuss United Front Against Lenience for Greece
Despite Greece's attempt to win additional time to comply with bailout conditions, Chancellor Merkel of Germany and President Hollande of France were discussing ways to send a firm message that Athens must adhere to its original conditions.
Greek Leader Said to Seek More Time to Meet Austerity Goals
Prime Minister Antonis Samaras of Greece hopes to achieve two objectives with eurozone policymakers: to assure them that he will carry out mandated austerity measures and to win more time to do so.
Greek Exit Fears Loom Again
Depending on the result of the review to be conducted this week by the troika, Greece could end up being ridden right out of the eurozone.
Spanish Banks Downgraded as Cyprus Seeks Bailout
The troubled eurozone continued to experience turmoil as Moody’s downgraded 28 Spanish banks and Cyprus requested a bailout that could amount to more than half its economy.