Greece Is History
Cartoonist Tony Auth on the Greek crisis.
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Global markets are on edge today after it was learned over the weekend that Cyprus would be getting a bank bailout from the European Central Bank, along with a very controversial provision that could hurt every citizen in the country.
The plan to hold a referendum on the $178 billion European bailout package has been scrapped, according to Greek officials speaking with The Associated Press.
The stunning decision by Greece Prime Minister George Papandreou to hold a referendum on the $178 billion European bailout package has laid bare the miserable economic options the country has in front of it.
After a big drop this morning, U.S. stock markets rebounded a bit on news that Greek Prime Minister George Papandreou probably won't get his disastrous referendum after all.
Greek Prime Minister George A. Papandreou has upset European leaders (and their financial markets) by calling for a public referendeum on the negotiated bailout package that he had agreed to last week.
U.S. and European stocks are soaring following an agreement by European leaders to bolster Europe's bailout fund and accept big losses on Greek bonds but analysts are worried that the deal just leaves a time bomb ticking.
Greek authorities say one person has died during protests against the government's new austerity measures, reports the AP.
Stocks up in Europe and the United States as a bailout extension is expected for Greece
The struggling nation will raise revenue, but will it be enough to secure more Euro aid?
Interest rates for some corporations lower than those of the two European nations
$157 billion allowance should help Greece restore financial stability
The economic crises in Greece, Portugal and Italy is starting to catch up to Europe
The rating agency cites a "growing risk" the nation will need a second bailout
The Dow rose 145 points
The Greek Parliament is voting right now on the unpopular measures
Today's Euro Zone package is roughly the same size as last year's
Plus: stop asking us if we can smell things
But the big obstacle--a parliamentary vote--lies ahead
Prime Minister George Papandreou survived a confidence vote
So it's okay to make fun of people if they're not fit?
Thousands of Greeks protested austerity measures today
Cartoonist Tony Auth on the presidential hopeful's Grecian cruise
Cartoonist Lisa Benson comments on America's ability to help Greece out of rising water
A Der Spiegel report is attracting attention and skepticism
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