Bailing Out Greece

Staff / Truthdig Mar 12, 2010 In an effort to save the Greek economy, and by extension the euro itself, eurozone countries -- the 16 European Union states that use the common currency -- have agreed on a multibillion-euro bailout that also will impose financial austerity measures on Greece. Dig deeper ( 1 Min. Read )

‘Colbert Report’: Greece, Frightening

Staff / Truthdig Mar 5, 2010 Sure, Goldman Sachs CEO Lloyd Blankfein once crowed that his firm was "doing God's work," but, as Stephen Colbert points out here, Blankfein never actually specified which God he was talking about. Perhaps it was Hades, Greek god of the underworld. Given the state of the Greek economy, that may not be too much of a stretch. Dig deeper ( 1 Min. Read )

Competition in Ignominy

William Pfaff / Truthdig Mar 3, 2010 There is a lot of money to be made by big international banks in impoverished small, and even medium-size, countries in times of world crisis. Dig deeper ( 3 Min. Read )

Fed Looking Into Goldman Sachs’ Role in Greek Debt Crisis

Staff / Truthdig Feb 26, 2010 It's not the only financial institution involved, but Goldman Sachs features prominently among the companies that the Federal Reserve is investigating in relation to Greece's recent debt calamity, Fed chief Ben Bernanke told the Senate Banking Committee on Thursday. Dig deeper ( 1 Min. Read )

Greece’s Dysfunctional Economy [A Cartoon From Slovakia]

Martin Sutovec, Slovakia Feb 17, 2010 Dig deeper

My Big Fat Wall Street Bankers

Staff / Truthdig Feb 14, 2010 The logic of global capitalism is everywhere. New investigations are showing that the same Wall Street tactics -- and companies -- that ushered our own economy to economic collapse have emerged to exacerbate Greece's current financial crisis. Dig deeper ( 1 Min. Read )

Riots Mark Anniversary of Greek Teenager’s Shooting

Staff / Truthdig Dec 6, 2009 Violence erupted in Athens on Sunday as thousands took to the streets to mark the anniversary of the death of 15-year-old Alexandros Grigoropoulos, shot dead by Greek police a year ago. Within a few hours of his death, riots had spread across the country in a two-week spate of looting and burning. Dig deeper ( 1 Min. Read )

Earth [A Cartoon From Greece]

Michael Kountouris Oct 29, 2009 Dig deeper

Blame the Midas Touch

William Pfaff / Truthdig Jul 17, 2009 If one tries to draw an urgently contemporary lesson from Greek myth, the story of Midas is irresistible. It provides a commentary on our global economic and financial crisis, in which the pursuit of wealth has ruined us.Whether in today's finance or Greek myth, the pursuit of wealth is ruinous. Dig deeper ( 4 Min. Read )

Unions Join Greek Unrest

Staff / Truthdig Dec 10, 2008 In a move that further complicates the anti-government unrest rocking Greece for the past four days, the country's two biggest trade unions have declared their intention to go ahead with a planned 24-hour strike, likely to paralyze the economy in protest against government policies and incompetent handling of the economic crisis. Dig deeper ( 1 Min. Read )

‘Carnage’ in Athens

Staff / Truthdig Dec 8, 2008 The BBC reports on the riots that have plagued the Greek capital since police shot and killed a teenager on Saturday. Dig deeper ( 1 Min. Read )

NBA Ballers Responding to Strong Euro

Staff / Truthdig Jul 24, 2008 Last week it was Budweiser that was sold to the Europeans, this week it is the NBA that fell victim to a global economic shift that's seen the dollar nose-dive vis-à-vis the euro. Respected young forward Josh Childress accepted a fatter offer from a Greek club than the one his U.S. team reportedly was making. He may not be the last. Dig deeper ( 1 Min. Read )