Latest articles on Greek Debt Crisis

Greeks make big stink of austerity effect

The Greek economy is on the verge of a 1930s-style Great Depression, as the Athens government predicts a 25% fall in gross domestic product by 2014.

No rest for debt weary Greeks

The Greek government has been ordered to implement draconian measures to reform the labour market by introducing a six-day working week.

Little hope of averting European Union disaster

The large economies of Europe are entering recession, largely due to austerity policies. After three years of festering, drastic action is required.

You can check out, but can never leave

The cost of insuring against default on sovereign Greek bonds has continued to rise and calculations now predict a 98% chance of default.

China, US raise alarm over euro debt crisis

China and the US have urged Europe's leaders to prevent the eurozone debt mess from spreading -- which is now also threatening Italy.

Obama urges eurozone leaders to act on crisis

The eurozone's leaders need to show markets they are taking responsibility for its debt crisis, says US President Barack Obama.

World Bank warns of ‘more dangerous’ times ahead

World Bank chief Robert Zoellick warned of a "new and more dangerous" time in the global economy on Saturday, with little breathing space.

EU: Greek debt restructuring not on the agenda

A restructuring of Greece's €340-billion debt is not on the agenda and would damage the country's credibility on bond markets.

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