Greece

  • Riot policemen are seen during clashes in Athens, Greece July 15, 2015. Greek anti-establishment protesters threw dozens of petrol bombs at police in front of parliament on Wednesday ahead of a key vote on a bailout deal, in some of the most serious violence in over two years. Police responded with tear gas, sending hundreds of people fleeing in central Syntagma Square.  REUTERS/Yannis Behrakis - RTX1KFR8
    July 15, 2015  

    The austerity bill struck to earn Greece a new bailout and stay in the Eurozone was approved by that nation’s Parliament, but not without stiff opposition from members of the prime minister’s own party. Protesters condemned the austerity bill, clashing with police. Meanwhile, an IMF report has raised doubt about the implementation. Special correspondent Malcolm Brabant reports. Continue reading

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    July 14, 2015  

    In our news wrap Tuesday, Greek Prime Minister Alexis Tsipras tried to rally his Syriza party to back a new austerity bill. Paul Mason of Independent Television News reports on the hesitation, and outright rebellion, among many lawmakers. Also, attorneys offered closing arguments in the trial against James Holmes, who opened fire in a Colorado movie theater. Continue reading

  • Greece Feast with Bacchus, illustration from Collection des vases grecs de le Comte de M Lamberg, vol II, Table 38, Paris, from 1813 to 1824, by Alexandre de Laborde, 19th century. Photo by  De Agostini / G. Dagli Ort / Getty Images.
    July 14, 2015   BY  

    Today, as a chronically weak Greek economy immiserates millions and threatens the financial stability of Europe, historian Josiah Ober looks back on ancient Greece and its prosperity. Where and how did the ancient Greeks gain the wealth with which to build a culture that became central to the modern world? Continue reading

  • 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

  • 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

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    July 7, 2015  

    Greece traditionally has had a low suicide rate, but over five years of austerity, the country has seen an increase in the number of people taking their own lives. And if the crisis gets worse, the number of suicides and other preventable deaths from lack of medical care or drugs is likely to rise. Special correspondent Malcolm Brabant reports from Athens. 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. Photo by Francois Lenoir/Reuters
    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