debt crisis

  • 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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    June 29, 2015  

    In our news wrap Monday, Puerto Rico’s governor warned the island can’t pay its debt, and hopes to defer payments as it negotiates. Also, Louisiana and Mississippi ended holdouts on issuing same-sex marriage licenses in the wake of the Supreme Court’s decision legalizing gay marriage. Continue reading

  • Pensioners waiting outside a closed National Bank branch and hoping to get their pensions, argue with a bank employee (L) in Iraklio on the island of Crete, Greece June 29, 2015. Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.    REUTERS/Stefanos Rapanis      TPX IMAGES OF THE DAY      - RTX1I943
    June 29, 2015  

    The Greek government closed all banks and made ready to default on a major debt payment after bailout talks with international creditors collapsed over the weekend. Greeks lined up at ATMS and rushed to gas stations, but were met with limits to prevent a full-on run on the banks. Special correspondent Malcolm Brabant reports from Athens. Continue reading

  • A woman pulling a shopping cart reacts outside a closed Eurobank branch in Athens, Greece June 29, 2015. Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight.   REUTERS/Alkis Konstantinidis      TPX IMAGES OF THE DAY      - RTX1I76A
    June 29, 2015  

    Greece is facing great uncertainty on the eve of a debt default and ahead of a national referendum next Sunday. Judy Woodruff talks to Greg Ip of The Wall Street Journal about the potential consequences for Greece and the Eurozone, plus a look at Puerto Rico’s financial troubles. Continue reading

  • greece island
    June 23, 2015  

    As Greece grapples to reach a deal with international creditors to avoid bankruptcy, the country is also being hit hard with a surge of arriving migrants – straining scant resources even further. Special correspondent Malcolm Brabant reports from the island of Lesbos, which is on the front lines of Greece’s migrant crisis. Continue reading

  • President Obama traveled to Mexico yesterday for the trilateral North American Leaders summit in Toluca, Mexico. Meanwhile, the White House released details on his newest budget proposal.
    February 21, 2014   BY Terence Burlij and Simone Pathe 

    President Barack Obama’s forthcoming 2015 budget will not include a proposal to trim Social Security benefits, offered last year in an attempt to draw Republican support for a potential “grand bargain” on deficit reduction. Continue reading

  • December 27, 2012  

    By the end of 2013, economists estimate Greece’s recession will reach levels worse than the Great Depression in the U.S. With huge budget cuts, Greeks have been left with a small safety net even as they struggle to access basic needs. Jeffrey Brown reports how austerity measures have torn apart the social fabric of Greece. Continue reading

  • November 22, 2012  

    Lee Buchheit, a lawyer who helped mastermind Greece’s debt restructuring earlier this year, and investor Hans Humes explain the wrangling behind-the-scenes of Europe’s debt crises to economics correspondent Paul Solman, all with a little help from some cartoonists. Continue reading

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