The Debt Crisis in Greece

On April 8, 2015, The New York Times ran an article written by Liz Alderman entitled "Explaining the Greek Debt Crisis" which gives a very concise overview of the history of Greece and it's financial troubles which first came to light back in 2009-2010.

The Guardian has a web page entitled Eurozone crisis live which has up-to-the-minute coverage of the ongoing crisis.

Jul 16, 2015:

By a vote of 229-64, the Greek Parliament passed the additional austerity measures required to get the bailout deal agreed to on July 13, 2015.

Jul 13, 2015:

A new, third bailout deal was reached where Greece's creditors agree to pay an additional $96 million in bailout loans to Greece. The deal is contingent upon the Greek government passing pension overhauls and sales-tax increases - the same issues that Greek voters rejected in a referendum on July 5, 2015. Greece has until July 15, 2015 to pass the additional austerity measures.

Jul 5, 2015:

By a vote of 61.3 percent to 38.7 percent, Greek voters decided in favor of rejecting the most recent deal offered by Greece's creditors.

Jun 23, 2015:

NPR's The Diane Rehm Show aired a one-hour program entitled "The Greek Debt Crisis And The Threat To The Eurozone".

Diane's guests were:

  • Scheherazade Rehman, professor of International Business and International Affairs at George Washington University and director of the university's European Union Center
  • Nicholas Karambelas, legal counsel for the American Hellenic Institute; founding partner of Sfikas and Karambelas in Washington, representing clients in matters relating to Greece and Cyprus
  • Tom Nuttall, Brussels correspondent and Charlemagne columnist for The Economist

Feb 21, 2012:

Greece agreed to a $173 billion second bailout deal.

May 2, 2010:

Greece agreed to a $146 billion bailout deal with the European Central Bank, the European Commission, and the International Monetary Fund. The deal also includes austerity measures.

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