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Greek debt remains unsustainable: Here is why

Jasper Lukkezen, an assistant professor in macroeconomics at Utrecht University, explains why Greek debt is “unsustainable”. He argues that, without further debt relief, Greece’s debt ratio is likely to increase in the short term. 1,756 more words


Europe's Economy Up More Than First Thought -- Even With Greece Bailout


The eurozone economy grew 0.4 percent in the second quarter, 0.1 percent more than previously reported

BRUSSELS (AFP) – The 19-nation eurozone grew by 0.4 percent in the second quarter, official data showed on Tuesday, revising upward a first estimate that sparked worries about the health of the European economy.Last month, the EU’s Eurostat agency said the eurozone grew by just 0.3 percent in the April to June period. 27 more words

German Parliament expected to pass key vote on Greece bailout

BERLIN – German Finance Minister Wolfgang Schaeuble urged lawmakers Wednesday to back Greece’s third bailout in five years in light of a marked change in the Greek government’s approach. 510 more words


Greece - Troubles and Hopes

The bailout negotiations for Greece are indeed progressing. Headlines report that Greece has reached an agreement with creditors on a EU86bn bailout. At the time of writing, talks are still private and no details are available; the agreement will probably include actions that Greece must pass immediately plus more measures to follow in October. 721 more words


Greece just two or three details away from bailout deal: Finance minister

ATHENS, Greece – Greece only has a few details to iron out with international creditors before concluding a bailout agreement, officials said Tuesday, raising hopes that the cash-strapped country could be ready to finalize a deal within the day. 474 more words


Greece Bailout

In late June 2015, another incarnation of Greece’s economic crisis began when Greek banks closed on June 29 amid fears that Greece was heading for a euro exit. 1,464 more words


Life has to go on

It is a few days after the Eurogroup meeting where the Greek Prime Minister Alexis Tsipras backed down and agreed to (even more) severe austerity measures and a third bailout for Greece. 1,104 more words

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