debt crisis

  • A man walks past pictures of ancient coins in central Athens, Greece, July 13, 2015.  Euro zone leaders agreed on a roadmap to a possible third bailout for near-bankrupt Greece on Monday, but Athens must enact key reforms this week before they will start talks on a financial rescue to keep it in the European currency area. REUTERS/Jean-Paul Pelissier  - RTX1K69J
    July 13, 2015  

    Greece struck a debt deal after a long night of negotiations with European creditors. According to the preliminary deal, the nearly bankrupt country will receive a $95 billion bailout over three years, and be subject to tough austerity measures. Special correspondent Malcolm Brabant reports from Greece and Judy Woodruff gets reaction from Eswar Prasad of Cornell University. Continue reading

  • A woman walks past a closed restaurant in Ponce, on Puerto Rico's southern coast, February 5, 2014. Standard & Poor's cut Puerto Rico's credit rating to junk status, in the latest blow to an economy that has been battling chronic recession, population decline and a perennial budget shortfall that has left it with $70 billion in debt. REUTERS/Alvin Baez (PUERTO RICO - Tags: BUSINESS POLITICS) - RTX189FA
    July 11, 2015  

    Puerto Rico’s financial crisis has been well-documented over the last few weeks, but a new report in the Washington Post sheds light on how Congress may have played a role in the fiscal troubles being felt in the U.S. commonwealth. Michael Fletcher of the Washington Post joins Hari Sreenivasan from Baltimore with the latest. Continue reading

  • Greek Prime Minister Alexis Tsipras delivers his speech as he attends a parliamentary session in Athens, Greece, July 10, 2015. Tsipras appealed to his party's lawmakers on Friday to back a tough reforms package after abruptly offering last-minute concessions to try to save the country from financial meltdown.           REUTERS/Christian Hartmann  - RTX1JXVY
    July 10, 2015  

    Greek Prime Minister Alexis Tsipras is now offering concessions to creditors, such as a higher sales tax and pension changes, in hopes of winning a new bailout worth nearly $60 billion. Jonathan Rugman of Independent Television News reports on the response to the controversial package in Greece. Continue reading

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    July 8, 2015  

    In our news wrap Wednesday, Microsoft announced it is cutting an additional 7,800 jobs in the company’s struggling phone business, after cutting 18,000 jobs in that sector as part of restructuring. Also, Greek Prime Minister Alexis Tsipras addressed the European Parliament in France, offering a new financial bailout proposal. Continue reading

  • A Greek flag flies past a statue depicting the European unity outside the European Parliament ahead of a euro zone leaders summit on Greece in Brussels, Belgium, July 6, 2015. REUTERS/Francois Lenoir - RTX1J9F1
    July 6, 2015  

    On Sunday, Greek voters voiced a resounding “no” to more austerity cuts. But what happens if Greek proposals fail to impress at an emergency summit of eurozone leaders in Brussels? Special correspondent Malcolm Brabant reports. Continue reading

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    July 6, 2015  

    What’s next for Greece after voters rejected a bailout referendum Sunday? Gwen Ifill speaks to Greek Ambassador Christos Panagopoulos about the path ahead for his nation and the potential global consequences of not reaching a compromise with lenders. Continue reading

  • Newly-appointed Finance Minister Euclid Tsakalotos reacts during a handover ceremony in Athens, Greece July 6, 2015. Greece's top negotiator in aid talks with creditors, Euclid Tsakalotos, was sworn in as finance minister on Monday after the resignation of Yanis Varoufakis.  REUTERS/Yannis Behrakis - RTX1JAIR
    July 6, 2015  

    After Sunday’s ‘no’ vote in Greece, all sides are uncertain about what will happen next. Stephan Richter of The Globalist and Paul Krugman of The New York Times offer different perspectives on what the vote means for Greece’s future. Continue reading

  • A referendum campaign poster that reads 'Yes (Nai)' is seen on a bus stop with a graffiti that reads 'No (Oxi)' on it in Athens, Greece, July 3, 2015. An opinion poll on Greece's bailout referendum published on Friday pointed to a slight lead for the Yes vote, on 44.8 percent, against 43.4 percent for the No vote that the leftwing government backs.    REUTERS/Christian Hartmann  - RTX1IUFD
    July 3, 2015  

    On Sunday, Greece will vote on whether to accept Europe’s latest bailout package and tougher austerity measures, and polls show the public closely divided. Special correspondent Malcolm Brabant reports from Athens. Judy Woodruff discusses possible outcomes with Jacob Kirkegaard of the Peterson Institute for International Economics and Mark Weisbrot of the Center for Economic Policy and Research. Continue reading

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    July 2, 2015  

    In our news wrap Thursday, as Greek pensioners lined up at banks to receive limited funds, Greece’s finance minister used the cash crunch as an example of why citizens should vote against austerity in an upcoming referendum vote. Also, Boko Haram extremists gunned down nearly 100 muslims at several mosques in Kukawa, Nigeria. Continue reading

  • A Greek national flag flutters atop a building as dark clouds fill the sky in Athens, Greece, June 30, 2015. Greece's conservative opposition warned on Tuesday that Sunday's vote over international bailout terms would be a referendum over the country's future in Europe, and that wages and pensions would be threatened if people were to reject the package.    REUTERS/Alkis Konstantinidis  - RTX1IH7S
    June 30, 2015  

    An 11th-hour attempt by Greek Prime Minister Alexis Tsipras to extend its debt bailout failed to stop the country from becoming the first developed nation to miss a payment to the IMF. In Athens, thousands rallied outside Parliament, urging a yes vote in the upcoming national referendum on working out a deal and staying in the Eurozone. Special correspondent Malcolm Brabant reports. Continue reading

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