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30 years to sort out Greece
The International Monetary Fund has set off a political earthquake in Europe, warning that Greece may need a full moratorium on debt payments for 30 years and perhaps even long-term subsidies to claw....
The International Monetary Fund has set off a political earthquake in Europe, warning that Greece may need a full moratorium on debt payments for 30 years and perhaps even long-term subsidies to claw....
Text variations before the final agreement was reached reveal the enormity of what was at stake.
Greece's capitulation to the demands of its euro creditors is a resounding victory for the common currency and takes the eurozone a step closer to common government.
Greek Prime Minister Alexis Tsipras came away with a much worse deal than the one he just persuaded Greek voters to reject.
The latest save-the-euro summit turned into open season on Greek Prime Minister Alexis Tsipras.
The focus has shifted to Athens, where Tsipras will struggle to push through tougher austerity package.
Divided eurozone leaders clash over the fate of Greece with a catastrophic exit from the single currency looming large as they struggle to reach a bailout deal.
Five months of negotiations in which its Government destroyed goodwill among creditors that have lent it hundreds of billions of dollars have cost Greece dearly.
In a country in the midst of a new and ugly phase in its five-and-half-year-long debt crisis, eggs have become an unlikely barometer of life in a nonfunctional economy.
Greece's Parliament has approved a reform package to save the country from financial collapse.
Readers of US-based Travel and Leisure magazine have voted the ten best islands in the world in its annual survey.
It would be better for all concerned if the European Central Bank stopped the supply of credit to Greece and left the country to its own devices, writes John Roughan.
Unless helped by a bail-out package Greece will be forced to leave the euro and seek their own salvation, writes Bryan Gould.
Greece has made a final bid for aid from Europe's bailout fund, as it faces a race against the clock to avoid economic collapse.
Greece and its European lenders prepared for a final showdown over whether to keep this struggling Mediterranean nation in the euro zone.
Greece's government seems determined to incur the world's blame for the emergent economic turmoil in Europe.
European officials say Greece now has just five days to avoid bankruptcy.
The European Central Bank has tightened liquidity conditions for the Greek banking system following the landslide referendum victory for the Athens Government.
Greece has given Europe a mighty political shock but also placed its own future on the line after voters rejected terms for bailing out its crippled economy.
Members of Auckland's Greek community have expressed relief at the referendum's outcome.
Fearful, angry, divided. This is Greece as citizens voted in a referendum that could define the country for generations to come.
Today's referendum result in Greece is set to dominate market trading this week, although economists predict that it will not lead to huge impacts locally.
Members of Auckland's Greek community gathered today to talk passionately about the state of the Greek economy and how that affects their families back home.
New Zealand’s Finance Minister is “not particularly concerned” about whether Greece’s financial crisis will roll on to New Zealand.
Greece has stockpiled enough reserves of fuel and pharmaceutical supplies to withstand a long siege, and has set aside emergency funding to cover all the country's vitally needed food imports.
Because Greece doesn't have its own currency, it couldn't increase its competitiveness and boost growth through devaluation.
Many blame Greeks for their country's crisis, but we should also look further north, writes Ana Swanson.
The June quarter ended on an extremely disappointing note, mainly because of the Greek financial crisis.