Lehmanmoment

Save Greece mission pleases everyone barring Germany

More aid is on the way for Athens battling too many odds on the debt front. Euro zone is determined to keep the virus in check. The operation to salvage Greece is turning costlier. Berlin is not amused.<br /><br /> <br /><br />

First round goes to Greece, but battle only half won

The solid margin was a clear indicator that the government should be able to push through a second package of laws on Thursday. Lawmakers are desperately trying to find some common ground to save Greece from an imminent collapse.<br /><br /> <br /><br />

Trust vote in the bag, Greece just can't lower its guard now

The first hurdle is gone. The task of the government to sew up a new austerity package gets a tad easier. This is crucial since the next emergency loan from EU/IMF is linked to a new five-year belt-tightening plan.<br /><br /> <br /><br />

Time for Greece to say goodbye to the euro: Mark Weisbrot

Greece's unsustainable debt burden is made worse by EU-IMF conditions for a bailout, and Greece should walk away, says Mark Weisbrot, co-director of the Centre for Economic and Policy Research.

Blood on the Street as Greek tragedy drags down markets

Global equities had a bad day, ending with a sharp fall in US markets. The outlook doesn't look too bright, with the Greek debt crisis still dragging on.

Throwing more bailout money at Greece is sheer lunacy

The IMF and the EU are lining up a second bailout package for Greece. Why this is completely useless.

US heading for depression, eurozone seen as a failure

There's a fiscal 'catastrophe' looming in the US, and a 'meltdown' on the horizon in Europe: the global economy is about to take a giant hit.

It's probably time to kiss the European Union goodbye

Breaking up is hard to do, but persisting in the folly of a flawed idea is worse.

Greek coalition deal 'in sight' after marathon talks

Greek Prime Minister George Papandreou will go to the head of state within the day to hand in his mandate, after which the new administration will be announced.

Hopes rise for breakthrough in Greek political drama

Meanwhile, the Greek media and people were growing increasingly exasperated at the squabbling of their leaders.