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Greece defaults

The Greek government-debt crisis (also known as the Greek Depression) started in late 2009, as the first of foursovereign debt crises in the eurozone – later referred to collectively as the European debt crisis. 160 more words


Greek banks closed for business

Pensioners line-up outside a branch of the National Bank of Greece hoping to get their pensions, in Athens, Greece. Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight.


Greece orders banks to remain closed Monday to avert financial collapse

ABOVE: World markets tumbled this morning as Greece closed its banks in a last ditch effort to avoid a financial meltdown 

ATHENS, Greece — Greece’s five-year financial crisis took its most dramatic turn to date Sunday, with the cabinet deciding, after an 8-hour session, that Greek banks would remain shut for six working days and restrictions would be imposed on cash withdrawals. 1,099 more words


Portraits From Greece as It Endures a Crisis

Original post from The New York Times

‘…………..Photographs by EIRINI VOURLOUMIS

The country is no stranger to unrest. As the weak link in the 19-nation eurozone, it is struggling to repay billions in debt. 889 more words


Greece is probably going to default on Tuesday

It looks like Greece is going to default.

On Saturday, Greek Finance Minister Yanis Varoufakis left a meeting of euro zone finance ministers after failing to get an agreement to extend the current bailout deal until after a referendum next week. 425 more words