Greece Drops Plan to Renegotiate Bailout Terms

By: Friday July 6, 2012 10:15 am

The way the Greek election worked is that Syriza, the far-left party, said they would completely renegotiate the bailout terms that forced austerity on the country. New Democracy, the center-right legacy party that was part of the grand coalition that negotiated the bailout in the first place, countered that they too would seek a renegotiation, [...]

Greek Government Asks for Renegotiation on Austerity Terms

By: Monday June 25, 2012 10:30 am

Greece’s new leaders won’t participate in this week’s EU summit because of a perhaps richly symbolic epidemic of injuries, with the new Prime Minister suffering from a detached retina, and the new Finance Minister collapsing on his first day in office (that Finance Minister has now resigned, owing to poor health). Despite these setbacks, the [...]

Center-Right New Democracy Wins in Greece, But May Have Trouble Forming Government

By: Sunday June 17, 2012 1:41 pm

With 71% of the vote in, the center-right New Democracy Party has a small but sustainable lead in the Greek Parliamentary elections. They hold 30.1% of the vote to 26.5% for the left-wing Syriza party. Pasok, the center-left party, holds third with 12.6%, the Democratic Left came in fourth with 7.5%, and the neo-Nazis in [...]

Early Exits in Greek Elections Show Tight Race

By: Sunday June 17, 2012 10:45 am

Early exit polling from Greece, in the second election to try to form a government in as many months, shows an incredibly narrow race between the center-right New Democracy party and the far-left Syriza party. It raises the possibility that no single party could form a government again, which would mean yet another potential round [...]

Greek Elections Sunday, Threats to Eurozone Downplayed

By: Friday June 15, 2012 7:02 am

We’re just two days away from a consequential vote in Greece. The lack of polling over the last two weeks and the closeness of the race between the far-left, anti-austerity Syriza, and the center-right, pro-bailout New Democracy, makes the outcome a genuine question. The Greeks themselves don’t believe the outcome will lead to a Eurozone [...]

Greek Center-Right Leader Wants to Delay Austerity

By: Thursday June 14, 2012 8:15 am

Regardless of whether Germany bends on the euro crisis, we will still have a fairly desperate situation in Greece. New unemployment figures show an all-time high in the country, and economic activity is practically non-existent. Many workers are staying on their jobs without pay, in contrast to the stereotype of the lazy Mediterrenean workforce. And [...]

Two Weeks Before Greek Elections, Deadlock at the Top

By: Monday June 4, 2012 7:01 am

With apologies to Wisconsin, we’re a little less than two weeks away from the most important election of the year. It’s happening in Greece, where you have a contest that will likely determine the future of that country, and by proxy the future of Europe. The far-left Syriza party and the center-right New Democracy have [...]

Greek Opposition Party Rejects Austerity Measures

By: Monday November 14, 2011 7:34 am

I guess the default setting is to feel better about Europe these days. The EU was successfully able to overthrow the governments of Greece and Italy (yay sovereignty!), and the new technocratic leaders are off and running. Italian Prime Minister Mario Monti got a boost when the country was able to sell €3 billion in [...]

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