Greek Prime Minister Alexis Tsipras to Resign

Alexander Reed Kelly / Truthdig Aug 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 )

The Greek Coup: Liquidity as a Weapon of Coercion

By Ellen Brown, Web of Debt Aug 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 )

IMF Refuses to Join Greek Bailout Until Debt Relief Demands Are Met

Alexander Reed Kelly / Truthdig Jul 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 )

Yanis Varoufakis Had a Plan B

Alexander Reed Kelly / Truthdig Jul 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 )

Italian Politician: Italy Should Use Its ‘Enormous Debt’ as a Weapon Against Germany

Alexander Reed Kelly / Truthdig Jul 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 )

Greek Reforms ‘Will Fail,’ Former Finance Minister Varoufakis Says

Roisin Davis / Truthdig Jul 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 )

Greece

Clay Bennett / Truthdig Jul 8, 2015 Dig deeper

VIDEO: A Distressing Look at the Effects the Greek Debt Crisis Is Having on Street Food Markets

Natasha Hakimi Zapata / Truthdig Jul 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 )

Is Greece’s ‘No’ on the Debt Referendum Another Youth Revolution?

Juan Cole / Truthdig Jul 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 )

Breaking With Europe, IMF Calls Greek Debt Program ‘Unsustainable’

Alexander Reed Kelly / Truthdig Jul 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 )

EU Bailout Terms Are Designed to Force Syriza From Power

Alexander Reed Kelly / Truthdig Jul 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 )

VIDEO: Michael Hudson and Bill Black: A Greek Bailout Is Really a Bailout of Western Banks

Alexander Reed Kelly / Truthdig Jul 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 )