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IF GREECE

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abtest

Standoff

By FIRST PERSON | By Alex Magno | February 19, 2015 - 12:00am

Once again, the Eurozone teeters because of Greece. The rest of the global economy is jittery. Volatility sweeps all the currencies, without exception.

Opinion

Greece heads for early election, stoking financial concerns

By Elena Becatoros and Nicholas Paphitis | December 30, 2014 - 5:47am

Greece's government was forced yesterday to call early national elections, stoking financial concerns as investors worry the main opposition party will win — and want to renege on the country's bailout de...

World

Greece may get more time to meet commitments

September 14, 2012 - 5:09pm

Greece may be given some more breathing room to meet its bailout commitments but no more money, European finance ministers indicated Friday as they gathered in Cyprus for a top-level meeting.  

Bubble

By FIRST PERSON | By Alex Magno | June 12, 2012 - 12:00am

Last year, in this space, I warned that the Spanish banks could run into serious trouble if the European recession deepens. The cajas were particularly vulnerable being dependent on state subsidies brokered by ...

Opinion

Drachma

By FIRST PERSON | By Alex Magno | May 26, 2012 - 12:00am

We might see one of the world’s oldest currencies resurrected. A number of important analysts see Greece leaving the European Monetary Union and returning to the use of its old currency, the drachma.

Opinion

Euro minsters plead with Greece to stay the course

May 15, 2012 - 9:28am

Leading European Union finance officials promised to stand by Greece as a member of the eurozone provided it sticks to its bailout terms and stays the course of its painful austerity program to prevent even worse...

Erratic

By FIRST PERSON | By Alex Magno | November 5, 2011 - 12:00am

Greek Prime Minister George Papandreou has impeccable political credentials. Both his father and grandfather served his country as prime ministers.

Opinion

Heroic

By FIRST PERSON | By Alex Magno | July 2, 2011 - 12:00am

Here is an example of truly heroic statesmanship.

Opinion

Oil above $91 as Greece austerity vote awaited

June 28, 2011 - 4:30pm

Oil prices rose above $91 a barrel Tuesday in Asia as investors mulled whether Greece will approve more austerity measures this week to receive the next round of international aid and avert a debt default.

Asian markets tumble on unrest over Greek crisis

June 16, 2011 - 11:14am

Asian stocks tumbled on Thursday, hammered by violent unrest in Greece amid the country's deteriorating debt crisis and a disappointing U.S. manufacturing report.