Greece Debt, Greek Debt Crisis | featured news

Greece’s Debt-Ridden Rail System Adds to Economic Breakdown

The state-owned railway loses about $3.8 million a day, prompting a search for solutions: maybe a foreign investor or a complete overhaul.

 

IMF approves $40B loan for Greece

The International Monetary Fund on Sunday approved a 30 billion euro ($38.6 billion) loan for Greece as part of a larger European Union-led effort to help ease the country's economic crisis.

 

Euro zone agrees emergency steps to contain crisis

Euro zone agrees emergency steps to contain crisis

Euro zone leaders decided on Friday they have special measures ready before financial markets open on Monday to prevent financial turmoil in Greece spreading to other countries such as Spain and Portugal.

 

Germany tackles Greek debt

Both houses of Parliament approve unpopular financial plan to save Greece from bankruptcy.

 

Dow plunges 800-plus points, then pulls back

Stocks are plunging as investors give in to fears that Greece's debt problems will spread and halt the global economic recovery.

 

Euro Slides Again; Wall Street Tumbles

Euro Slides Again; Wall Street Tumbles

European debt problems sent another wave of pessimism through the markets.

 

Greece's Costs Exceed Bailout

The $147 billion, three-year bailout offered to Greece by euro-zone countries and the IMF won't be enough to cover Greece's costs, an examination of Greek financial figures shows.

 

Greece Reaches Deal for Rescue Package

Greece Reaches Deal for Rescue Package

Greece reached agreement with the European Union and the International Monetary Fund on rescue loans to keep Athens from defaulting on its debts, a deal that will impose harsh cuts on the county's 11 million people for years.

 

Debt Ratings Are Lowered for Portugal and Greece

Debt Ratings Are Lowered for Portugal and Greece

The move by Standard & Poor’s on Tuesday deepened Europe’s debt crisis, and investors sold off government bonds amid fears of a default.

 

Eye on Greece, finance leaders to attack debt

Eye on Greece, finance leaders to attack debt

Financial leaders, with a nervous eye on Greece, pledged on Saturday to address the risks posed to the global recovery from high government debt....

 

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