Greek Economy | Crikey

ALAN KOHLER | ECONOMY|

Kohler: a Greek tragedy Tasmania can relate to

The fact that the pro-austerity, pro-euro parties are now on top in the polls in Greece buoyed markets last night, but the options for Europe remain limited and difficult — especially if Greece stays in.

Silvio Berlusconi is up to his ears in it

Violent storms sweeping Italy are the least of Italian Prime Minister Silvio Berlusconi’s problems.

AMBER JAMIESON | ECONOMY|

Greek PM gone, a new unity government to form

Crikey media wrap: The Greek political saga continues, with crisis talks resulting in a new coalition government formed between the ruling party and the opposition in order to enact the euro bailout plan.

AMBER JAMIESON | EUROPE|

Referendum ditched in chaotic Greece

Crikey media wrap: Greek politics is in turmoil, with its Prime Minister George Papandreou nixing his plans for a referendum on austerity measures in the latest eurozone bailout plan as he fights to hold his leadership.

GUY RUNDLE | ECONOMY|

Rundle: crisis, from the Greek, the moment at which a patient lives or dies

The EU bailout of Greece is in fresh crisis today, following the announcement by prime minister Georges Papandreou that the country will go to a referendum on the package.

AMBER JAMIESON | ECONOMY|

Greek debt deal vote worries markets

Crikey media wrap: Greek Prime Minister George Papandreou’s vow to take the latest Eurozone debt plan to a referendum has thrown other European leaders and its markets into a panic.

AMBER JAMIESON | ECONOMY|

Markets soar after euro debt deal

Crikey media wrap: After 10 hours of negotiations, European leaders finally agreed on a bailout plan to cope with the eurozone debt crisis. The news was enough to rally world markets.

ECONOMY|

Maley: political fiddling as Greece burns

Global financial markets were roiled overnight as Greece’s political situation deteriorated, fanning fears that the country will ultimately decide that defaulting on its debts is an easier route than ongoing austerity, writes Karen Maley.

ECONOMY|

Maley: gold glitters as America dwindles

Gold prices are pushing further into record territory, with gold futures brushing against the psychologically important $US1500 level, writes Karen Maley.

Crikey Blogs | ECONOMY|

Just a little Greek accounting error

Eurostat, the statistical arm of the European Union, has just come up with revised figures for the Greek government’s budget deficit and debt. the deficit for 2009 has been increased from 13.6% of GDP to 15.4% with total debt now put at 126.8% of GDP, says Richard Farmer.

With Greece on the edge, what if others follow?

The deepest concern about the riots in Greece yesterday is not what happened, but what it suggests about what could happen. And not just in Greece.

National Post | ECONOMY|

Greece: the greatest Ponzi scheme on Earth

Anyone who thinks Greece’s economic woes can be fixed with a bailout simply doesn’t understand the country’s politicians and bankers, says the former CEO of a Greek start-up. Their entire system of economic beliefs is based on bleeding foreign banks and investors dry.