CNN's Richard Quest talks to the deputy CEO of the National Bank of Greece about Greek debt guarantees.
Greek voters will have a second chance Sunday to elect a government that can hopefully pull the nation back from the brink.
Until the rerun of the Greek elections scheduled for June 17, we will witness an unprecedented game of brinkmanship. The game will be played along the following lines.
Former EU Commissioner Peter Mandelson discusses the new French president and what this means for the eurozone.
Greece may have given us the word democracy and many of the principles of civil society. But now it is "the sick man of Europe," and the people of other European democracies are asking whether it's worth saving with billions more dollars of their money. Put crudely, their argument is this: So what if Greece slides ignominiously out of the eurozone?
Many Greek businesses are crossing the border into Bulgaria where industrial parks are springing up.
Greece's economic problems may be having a negative impact across much of Europe, but one country could be benefiting from its troubles.
After helping to push through a Greek debt restructuring that is the largest in history, eurozone governments will revive a debate about boosting firewalls to shield Spain, Portugal and other vulnerable economies from the flames of the crisis.
Greek debt deal
updated: Fri Mar 09 2012 06:04:00
Creditors have agreed to a plan to restructure Greek government bonds, Elinda Labropoulou reports
For a country that has faced many moments of truth over the past few years, Greece is on the cusp of what could be a real make or break moment.
Greece has threatened to default on any of its bondholders who do not take part in a ?206bn debt restructuring that officials believe is key to returning Athens to solvency, a move that turns up the heat on potential holdouts ahead of a deadline on Thursday.
Eurozone members delayed approval of more than half of the ?130bn bail-out for Greece after demanding that Athens show more proof that it would implement hastily agreed spending cuts and reforms.
For investors, the words credit default swap can bring back painful memories of 2008. But in the case of Greece, the dreaded derivatives may not be the ticking time bomb some have feared.
CNNMoney: S&P downgrades Greeceupdated: Mon Feb 27 2012 18:30:00
Standard & Poor's downgraded Greece's credit rating Monday to "selective default" after the government took legal steps to impose losses on all holders of Greek government bonds.
With the second bailout for Greece, the European Union has changed forever. CNN's Jim Boulden explains.
Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including ?130 billion ($173 billion) in new financing.
A "strictly confidential" report on Greece's debt projections prepared for eurozone finance ministers reveals Athens' rescue programme is way off track and suggests the Greek government may need another bail-out once a second rescue -- set to be agreed on Monday night -- runs out.
Eurozone finance officials remained behind closed doors late Monday as a crucial round of talks over a second bailout for Greece looked set to run late into the night.
It's officially crunch time. European finance ministers need to agree to the terms of a second bailout to keep Greece from defaulting on an upcoming bond payment.
European finance ministers expect to make a decision on a second bailout for Greece early next week, a top eurozone official said Wednesday.
As Greece continues to try to push through tough austerity measures to secure desperately needed bailout funds, the bad news just keeps piling up.
The Greek government faces a crucial test this weekend as the nation's parliament is set to vote Sunday on austerity reforms needed to qualify for a second bailout.
Eurozone finance ministers dismissed as incomplete a reputed ?3.3bn package of Greek budget cuts presented to them in the hope of securing a new ?130bn bail-out and sent the country's finance minister back to Athens with a fresh set of demands and an urgent deadline.
Yannis Stournaras with the Foundation for Economic and Industrial Research on rescue plans for Greece's debt crisis.
Greek political leaders agreed to a package of austerity reforms Thursday, marking the first step toward securing much-needed bailout funds.
Stop me if you've heard this before. Greece is close to getting another bailout from the European Union, International Monetary Fund and European Central Bank, the so-called troika.
Greek political leaders were meeting Wednesday to hammer out an agreement on austerity reforms as the nation scrambles to avoid a default.
World markets were under pressure Monday, dragged down by uncertainty in Europe, where leaders have failed to agree on a solution for the Greek debt crisis.
As investors return from the weekend, Monday is already starting off a lot like Friday did: Greece's debt talks are still in limbo, and U.S. companies continue to report earnings.
Greek debt talks are said to be progressing but officials have yet to announce a deal to scale back the nation's overwhelming debt load.
Journalist John Psaropoulos discusses what to expect of more talks over Greece's debt crisis.
Talks on restructuring Greek debt continued Saturday, with negotiators reporting some progress made toward reaching a deal with the nation's private creditors.
A deal on restructuring Greek debt remained elusive on Thursday, as the second day of talks ended with the nation's private sector creditors without an agreement.
Greece and its private sector creditors remain mired in deep negotiations over a deal to reduce the nation's crushing debt load.
Talks over a deal to write down Greek government bonds have been put on "pause," according to the industry group representing private sector investors and banks.
Greek Prime Minister George Papandreou will hand in his resignation to the country's president Wednesday, his office has confirmed, following days of talks on forming a new government.
Greek Prime Minister George Papandreou has said he is confident of a positive outcome by the end of Tuesday, a spokesman said, as thorny discussions continue on forming a new government.
Greece is waiting to hear who will become its new prime minister. CNN's Jim Boulden reports.
Greek Prime Minister George Papandreou has said he is confident of a positive outcome by the end of Tuesday, a spokesman said, as thorny discussions continue on forming a new government.
Greek Prime Minister George Papandreou says his country needs wider support to turn the economy around.
Embattled Greek Prime Minister George Papandreou plans to meet with the main opposition leader Sunday as he tries to form a coalition government aimed at securing a controversial international bailout package.
Greek Prime Minister George Papandreou said Saturday he will do what it takes to form a coalition government and push through a controversial international bailout package.
The Greek government is facing enormous pressure to resolve the country's debt crisis. On Wednesday the finance minister of Greece came out against Prime Minister George Papandreou's plan for a referendum on the debt deal Europe is offering for Greece. Then Thursday he said he was backing off that plan, saying there is no need for it given opposition support for the tough austerity measures which accompany it. It is not clear if that meant he was canceling the referendum, the announcement of which sparked chaos in the markets.
As G-20 leaders meet to discuss the European debt crisis, CNN's Jim Boulden assesses developments in Greece.
CNNMoney: Greece goes all inupdated: Thu Nov 03 2011 09:46:00
The referendum in Greece is now a vote to determine whether the nation remains a member of the eurozone.
Greek Prime Minster Papandreou has called for a referendum on the terms of the loans from the eurozone and IMF. Markets are now trying to fathom out the possible outcomes of this decision -- and they are not all negative.
Greece's economy has been in a mostly downward spiral since the country joined the euro in 2001.
The markets have slumped on news that Greece is to hold a referendum on the EU bailout agreed last week.
For many analysts combing over the three-part deal to restore confidence in the eurozone, the most important things were not what was in the agreement -- but what was left out.
It's been about 18 months since the sovereign debt crisis in Europe began attracting attention in global financial circles.
The International Monetary Fund annual meetings wrapped up in Washington on Sunday with widespread concern over the eurozone sovereign debt crisis but no immediate consensus on the solution.
CNN's Becky Anderson talks to IHS' Jan Randolph about the ongoing European debt crisis.
As if the European markets needed more bad news, Moody's Investors Service downgraded eight Greek banks on Friday.
The Greek government announced budget cuts Wednesday aimed at securing additional aid from its European partners as the debt-stricken nation struggles to dig itself out of a deep hole.
Greece is quickly running out of the cash it needs to keep the lights on as the latest lifeline from the rest of Europe remains just out of reach.
European officials are scrambling to resolve the debt crisis in Greece amid signs the contagion is spreading, but a comprehensive solution remains elusive ahead of a crucial summit on Thursday.
German Vice-Chancellor and Economics Minister Philipp Rösler broke a long period of silence about a possible Greek default by saying that all options are to be considered.
CNN's Nina dos Santos explains how Greece's debt crisis continues to impact markets worldwide.
Underscoring the uncertainty about Europe's financial system, two major French banks -- Societe Generale and Credit Agricole -- were downgraded Wednesday due to their exposure to the debt of Greece and other weak eurozone nations.
Moody's Investors Service downgraded Greece again Monday, to one class above default, following a new bailout package from its European neighbors.
Oil prices spiked nearly 2% Thursday to briefly top $100 a barrel for the first time in nearly six weeks, before pulling back slightly just below the key level.
CNN's Richard Quest breaks down how the Greek debt crisis could spread to other markets and economies.
So Greece finally has its bailout money. But when that temporary financial crutch runs out in the next year or so, the troubled nation will once again face the very real possibility of default.
Yonghao Pu, Chief Investment Strategist at UBS, discusses how the Greek debt crisis affects the Asian markets.
The near-tragedy unfolding on the streets of Athens could be a comedy, if the possible consequences were not so dire.
Greek riot police pushed crowds of demonstrators back from Parliament by firing tear gas in central Athens Wednesday.
CNN's Richard Quest describes the situation in Greece and how its financial struggles could hurt the U.S. economy.
Larisa Antypa was ready for her cruise in the Caribbean when news of the economic crisis in Greece, her home country, began to worsen.
The next week could decide the outcome of the debt crisis in Greece -- and the financial future of Europe along with it.
U.S. stocks managed decent gains Monday, even as investors remained cautious about Greece's debt crisis.
The Dow broke its six-week losing streak on Friday, ending the day with modest gains following a sharp decline in oil prices and another wave of mixed economic data.
Once again, Greeks are protesting new austerity measures being forced upon them by their European neighbors in exchange for relief from a debt crisis. The streets of Athens are rife with rioters throwing fire bombs and clashing with armored police.
CNN's Emily Reuben explains the state of the debt crisis in Greece as the nation teeters toward default.
European stocks moved sharply upward Tuesday amid speculation the European Union could provide additional aid for Greece, while Asian stocks rallied on strong manufacturing data from Japan.
George Papaconstantinou, Greek Finance Minister, talks to CNN's John Defterios about the nation's financial woes.
Greek journalists walked off the job Thursday to protest tough government austerity measures.
Ever since the Greek crisis came into focus, German Chancellor Angela Merkel has been accused of exacerbating it by refusing to commit straightaway to a Greek bailout. As Greece's uncertain economic picturepummeled global markets that accusation gained steam. But Germany may have gained an economic advantage in dragging its feet, and even now that it has agreed to the nearly $1 trillion bailout, the country stands to reinforce its position as the strongest player in the eurozone.
President Obama is "very concerned" about Greece's economic crisis, sees mounting threats against the United States from non-state actors and wants to resolve the dispute with Russia over adoptions, he said in an interview released Saturday by the White House.
Why has the crisis in Europe gotten so bad? Financial expert Martin Worf explains.
Treasury prices were down, then up, then down again in choppy trading Friday, one day after the stock market took a wild seesaw ride featuring a near 1,000-point nosedive.
The dollar was mixed Friday, unaffected by a strong April jobs report as investors recovered from the wild U.S. market in the previous session.
CNN's Diana Magnay reports on a worker protest over Greece's financial crisis that turned violent, leaving three dead.
CNN's Diana Magnay looks at how the Greek government plans to combat a culture of corruption.
CNN's Diana Magnay reports on demonstrations over the financial crisis in Greece.
Eurogroup officials announce that the international aid package to bail out Greece will be worth $146 billion dollars.
Treasurys fell Monday as the stock market posted gains on news of a bailout for Greece and on better-than-expected economic reports.
Greek protesters clashed with police who fired tear gas during the annual May Day rally on Saturday in Athens, where thousands of people gathering for the event seethed over government belt-tightening plans to deal with the country's debt problems.
Europe is finally cobbling together a credible Greek bailout. But even a big wad of cash may not be enough to prevent another round of market mayhem.
CNN's Richard Quest interviews Former Greek economics minister Yiannos Papantoniou about Greece's debt crisis.
Greece asks its eurozone partners to activate a ?30B rescue package. CNN's Richard Quest talks to Prof. Kenneth Rogoff.
The outlook for Greece remained cloudy Monday even as the nation moved to activate a $53 billion emergency aid package.
Moody's downgraded Greece's government bonds Thursday casting further doubt that the debt-laden country will be able to meet its May 19 deadline for refinancing 8.5 billion euros, or about $11.4 billion, in borrowings.
Treasurys rose Wednesday as concerns about Greek debt sparked demand for U.S. debt.
CNN's Jim Boulden speaks to a former Greek finance minister about the country's financial meltdown.
Oil fell Friday as fresh worries over Greece's debt crisis pushed the dollar higher against the euro.
The dollar rose against the euro and the pound Thursday following economic reports from the government and amid renewed concern over Greece's debt.
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