Alexander Reed Kelly / TruthdigAug 20, 2015
The prime minister and leader of the Syriza party will submit his resignation to the country’s president Thursday, making way for early elections scheduled for Sept. 20, government officials report. Dig deeper ( 1 Min. Read )
By Ellen Brown, Web of DebtAug 2, 2015
In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse. Dig deeper ( 7 Min. Read )
Alexander Reed Kelly / TruthdigJul 31, 2015
The International Monetary Fund has said it will not participate in a new bailout for Greece until an “explicit and concrete agreement” on debt relief is reached by the country’s eurozone creditors. Dig deeper ( 1 Min. Read )
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Alexander Reed Kelly / TruthdigJul 29, 2015
Greece’s former finance minister had a contingency plan if the country’s creditors shut down its banking system and blocked its ability to do business with other countries, as they eventually did. And he’s being pilloried for it. Dig deeper ( 2 Min. Read )
Alexander Reed Kelly / TruthdigJul 23, 2015
Beppe Grillo, the comedian-turned-populist-leader of Italy’s second largest political party, has called for the nationalization of Italian banks and an exit from the euro. Dig deeper ( 1 Min. Read )
Roisin Davis / TruthdigJul 19, 2015
Yanis Varoufakis, who resigned recently, predicted that the measures will “go down in history as the greatest disaster of macroeconomic management ever.” Dig deeper ( 2 Min. Read )
Natasha Hakimi Zapata / TruthdigJul 7, 2015
The Guardian's Phoebe Greenwood visits Athens' street markets and cafes to discover nearly empty establishments as Greeks cut down on everything from meat to fruit and dairy while their country's fate remains unresolved. Dig deeper ( 1 Min. Read )
Juan Cole / TruthdigJul 6, 2015
In the past five years, the old political categories -- left, right, center or capitalist and socialist -- have been challenged by a new category: youth. Dig deeper ( 4 Min. Read )
Alexander Reed Kelly / TruthdigJul 2, 2015
The International Monetary Fund, part of the troika of financial organizations currently demanding austerity from Greece, “electrified the referendum debate in Greece after it conceded that the crisis-ridden country needs” $55 billion in extra funds and large-scale debt relief to create “breathing space” and stabilize its economy, The Guardian reports. Dig deeper ( 1 Min. Read )
Alexander Reed Kelly / TruthdigJul 2, 2015
The aim of German Chancellor Angela Merkel and other EU powers in the Greek debt crisis is “apparently to humiliate Tsipras and his government in preparation for its early replacement with a more pliable administration,” writes Seamus Milne, associate editor of The Guardian. Dig deeper ( 2 Min. Read )
Alexander Reed Kelly / TruthdigJul 1, 2015
The esteemed U.S. political economists say Western financial institutions are keen to bail out Greece because if they don’t, the country's existing creditors -- other Western financial institutions -- will fail to recover money they previously lent to Greece. Dig deeper ( 11 Min. Read )
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