Greece

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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

  • Anti-EU protesters hold a burned and torn European Union flag during a protest at the northern city of Thessaloniki, Greece July 1, 2015. A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decide Greece's future in Europe. REUTERS/Alexandros Avramidis - RTX1INYK
    July 1, 2015  

    The scene in Greece has become one of desperation and chaos after the country defaulted on its bailout debt, and European creditors rebuffed a late request by Prime Minister Alexis Tsipras. Special correspondent Malcolm Brabant reports from Athens on how tensions are flaring over tight limits on banking and pensions, and the upcoming referendum on Greece’s fate and Tsipras’ political future. 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

  • 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

  • People line up to withdraw cash from an automated teller machine (ATM) outside a National Bank branch in Iraklio on the island of Crete, Greece June 28, 2015. Greece's Prime Minister Alexis Tsipras on Sunday announced a bank holiday and capital controls after Greeks responded to his surprise call for a referendum on bailout terms by pulling money out of banks.  REUTERS/Stefanos Rapanis - RTX1I5SI
    June 28, 2015  

    The strongest signs yet of a possible economic collapse came out of Greece Sunday as the government announced banks and the stock market will be closed Monday, and capital controls will be in place to limit massive money withdrawals. For more on the situation, Elena Becatoros of the Associated Press joins Hari Sreenivasan via Skype from Athens. Continue reading

  • People line up at an ATM outside a National Bank branch in Athens, Greece early June 27, 2015.  Greek Prime Minister Alexis Tsipras called a referendum on bailout demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to a risky popular vote. Photo by Yiannis Panagopoulos/Eurokinissi/Reuters
    June 27, 2015   BY Daniel Costa-Roberts 

    More than one in three ATMs in Greece ran out of cash at some point Saturday as banks struggled to provide enough euro banknotes to keep the machines running while Greeks scrambled to withdraw money. 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

  • A man waves a Greek national flag while standing at the premises of the parliament building during a rally in front of the parliament building calling on the government to clinch a deal with its international creditors and secure Greece's future in the Eurozone, in Athens, Greece, June 22, 2015. Euro zone finance ministers welcomed new Greek proposals for a cash-for-reform deal on Monday but said they required detailed study and it would take several days to determine whether they can lead to an agreement to avert a default. REUTERS/Yiannis Liakos/Intimenews  GREECE OUT. NO COMMERCIAL OR EDITORIAL SALES IN GREECE - RTX1HN8D
    June 22, 2015  

    As Greece awaits an emergency economic deal to stave off bankruptcy — which could come later this week — some are urging the government not to give in to demands of the country’s international creditors. Special correspondent Malcolm Brabant reports from Athens. Continue reading

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    June 19, 2015  

    In Friday’s news, the EPA imposes new carbon restrictions on trucks and other heavy vehicles. Also, Greece attempts to come to loan agreement as deadline looms, and the Congressional Budget Office estimates that repealing the Affordable Care Act will leave more than 24 million people without health insurance. Continue reading