Greece Debt Crisis

Greek Government Could Collapse Next Year, And Its Market Is Tanking

CP | Derek Gatopoulos, The Associated Press | Posted 10.15.2014 | Canada Business

ATHENS, Greece - Concerns that the Greek government could collapse next year, putting its bailout program in danger, caused a massive sell-off in the ...

Quebec Could Turn Into Greece If It Kept Loonie: Report

The Huffington Post Canada | Daniel Tencer | Posted 03.20.2014 | Canada Business

Parti Quebecois leader Pauline Marois recently suggested that an independent Quebec would keep the Canadian dollar, and would try to keep a seat on th...

When Young Democracies Make Immature Decisions

Andreas Souvaliotis | Posted 05.06.2013 | Canada Politics
Andreas Souvaliotis

How could any country find itself in a scenario where it suffers the consequences of having been too socialist and too capitalist at the same time? I was listening to a former Greek Prime Minister recently at a global conference and I was struck by the number of times he referred to his country as a "young democracy." The implication, of course, was that it was an immature democracy -- and suddenly it all made sense.

Protests Greet Merkel In Greece

CP | Derek Gatopoulos,Nicholas Paphitis, The Associated Press | Posted 12.09.2012 | Canada Business

ATHENS, Greece - German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks Tuesday when she flew into Athens on her first visi...

Merkel Braves Protesters In Greece

CP | Derek Gatopoulos,Nicholas Paphitis, The Associated Press | Posted 12.08.2012 | Canada Business

ATHENS, Greece - German Chancellor Angela Merkel makes her first visit to Greece since the eurozone crisis began here three years ago. Her five-hour s...

This Canadian Billionaire Is Now Working To Break Up The Euro

The Huffington Post Canada | Daniel Tencer | Posted 08.14.2012 | Canada Business

After dropping hints about it for a year, Frank Stronach, the billionaire founder of auto parts maker Magna International, is launching a political pa...

Europe Faces Breaking Point As Even Stronger Economies Slow

CP | Robert Barr, The Associated Press | Posted 10.08.2012 | Canada Business

LONDON - Europe's biggest economies are showing increasing signs of weakness, a sign that the struggles of their heavily-indebted neighbours are sprea...

Greek Finance Minister Hospitalized On Taking Job; Resigns

CP | Elena Becatoros, The Associated Press | Posted 08.25.2012 | Canada Business

ATHENS, Greece - The banker chosen to be Greece's next finance minister resigned for health reasons Monday, three days after he was rushed to the hosp...

Greece's Unemployment Crisis Keeps Getting Worse

CP | The Associated Press | Posted 08.07.2012 | Canada Business

ATHENS, Greece - Greece's unemployment shot up to 21.9 per cent in March, rising sharply from the 15.7 per cent rate in the same month last year and u...

Eurozone Unemployment At Record High

CP | The Associated Press | Posted 08.01.2012 | Canada Business

BRUSSELS - Unemployment across the 17 countries that use the euro stayed at 11 per cent in April — the highest level since the single currency was i...

Guess Which Country Think Of Itself As The Hardest-Working

CP | Pan Pylas, The Associated Press | Posted 07.28.2012 | Canada Business

UPDATE: The Pew Research Center's survey on attitudes in the Eurozone found that residents of Greece -- now into its third year of a massive debt cris...

Bank Run? Greeks Pull $900 Million From Banks In Days

CP | Elena Becatoros,Nicholas Paphitis, The Associated Press | Posted 07.16.2012 | Canada Business

ATHENS, Greece - A senior judge was sworn in Wednesday to head Greece's caretaker government for a month as it lurches through a political crisis that...

Markets Dive On Greek, French Votes

CP | Pan Pylas, The Associated Press | Posted 07.06.2012 | Canada Business

LONDON - Renewed uncertainty over Europe's ability to deal with its spawning debt crisis following elections in Greece and France hammered stock marke...

Angry Greek Voters Support Anti-Bailout Groups

CBC | Posted 07.06.2012 | Canada

Greek voters angry about the prospect of more crippling austerity measures gave scattershot support on Sunday to a range of anti-bailout ...

Greek Bailout Deal DONE

CP | Gabriele Steinhauser,Sarah Dilorenzo, The Associated Press | Posted 04.21.2012 | Canada Business

BRUSSELS - The countries that use the euro pulled Greece back from an imminent and potentially catatrophic default on Tuesday, when they finally stitc...

7 Austerity Horror Shows From Around The World

The Huffington Post Canada | Rachel Mendleson | Posted 02.15.2012 | Canada Business

With the release of the much-awaited Drummond Commission report on Wednesday, so begins months (perhaps years?) of political and public hand-wringing ...

Europe's Economy Shrinks As Doubts Over Greek Deal Grow

CP | The Associated Press | Posted 04.16.2012 | Canada Business

BRUSSELS - The 17-nation eurozone economy contracted by 0.3 per cent in the final three months of 2011 as many countries slipped back into recession, ...

Austerity Measures Send Greece's Economy Spinning

CP | The Associated Press | Posted 04.15.2012 | Canada Business

ATHENS, Greece - The Greek economy remained stuck in a deep recession in the fourth quarter, according to official figures released Tuesday that confi...

Athens Burns As Eurozone Rejects Greece Bailout Deal

AP | Posted 02.10.2012 | Canada Business

ATHENS, Greece (AP) -- Thousands took to the streets of Athens as unions launched a two-day general strike against planned austerity measures on Frida...

Is Europe's Patience With Greece Wearing Thin?

CP | Sylvie Corbet, The Associated Press | Posted 04.07.2012 | Canada Business

PARIS - France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new aus...

What European Finance Ministers Are Optimistic About

CP | The Associated Press | Posted 03.28.2012 | Canada Business

DAVOS, Switzerland - European financial chiefs are trying to soothe global CEOs and political leaders, insisting they have a handle on the eurozone's ...

Greece 2011: Argentina 2002 Redux?

Andrew Cooper | Posted 02.13.2012 | Canada Business
Andrew Cooper

This comparison should give the Greeks some hope -- after all, Argentine 10-year government bonds today are comparable to other emerging market economies and investors flocked back to Argentina. What did Argentina do and what can Greece learn from its experience?

TD Outlook: Europe Could Drag Down Canadian Economy

CBC | Posted 02.13.2012 | Canada

TD Bank has lowered its outlook for the Canadian economy next year to 1.7 per cent growth, followed by 2.2 per cent in 2013. ...

Greece's Missing $81 Billion

CP | The Associated Press | Posted 01.17.2012 | Canada Business

BRUSSELS - The head of a European Union task force created to help Greece overhaul its public sector says the debt-ridden country is losing out on abo...

More Than 7 Billion Served: The Case for Optimism

David Gratzer | Posted 01.15.2012 | Canada
David Gratzer

There are more people in the world, yet we are collectively more free and prosperous. Global cooling and the viral Armageddon never happened. Communism ended, liberating Eastern Europe, all without a shot fired. Even the average IQ is -- amazingly -- trending up. The data is good. Really good.