Greek Finance Minister steps down
UPDATES: GREEK Finance Minister Yanis Varoufakis has announced his shock resignation in a bizarre statement published on his personal blog.
World Economy
Dangerous path Greece has chosen
PANICKED Greek citizens have tried to vote their way out of poverty, but the stunning result could have disastrous consequences.
No country has ever done this
THE Greek people have just done something unprecedented. What would an exit from the euro actually involve.
‘He has no idea what he’s doing’
HE told the people to vote ‘no’ and they followed, despite the result being certain chaos. Has this man been vindicated?
Polls show no vote’ likely to win
GREECE’S government has claimed ‘a clear mandate’ for less stringent bailout conditions as early results showed voters rejected Europe’s bailout package.
The face of Greece’s despair
A PENSIONER slumped on the ground outside a bank has become the despairing face of Greece’s financial crisis with cash reserves running dry.
‘Suicide, blackmail and lies’
EUROPEAN leaders have used surprisingly undiplomatic language to accuse Greece of a litany of sins — and there’s a very good reason, experts say.
Greece’s extraordinary act of forgiveness
SIXTY years ago, Greece helped Germany scoop an ‘economic miracle’ to save it from financial doom. Now the roles have reversed, should the Greeks expect the same?
Greek government ‘ready to quit’
GREECE’S left wing government says it may resign if it loses a make-or-break referendum that could decide if the country leaves the eurozone.
Confusion in Greece: what’s going on?
GREEK Prime Minister Alexis Tsipras continues to bamboozle European leaders, telling them he is ready to do a deal but then telling citizens to vote no.
How a Greece ‘no’ vote harms Australia
AN EXPERT has warned that Australia is not immune from the debt crisis causing panic in Greece and across Europe.
The people getting $1000 a month for doing nothing
THIS city is holding a daring social experiment based on a surprising idea: give everyone an unconditional basic income, and they will thrive. Could it work?
Why the world should be worried
THE catastrophe in Greece could be even worse than we thought. If we’ve learned anything from these other countries, it’s that.
Argentina’s advice for Greece
AS ARGENTINES closely watch the crisis in Greece, the architect of the South American country’s recovery has a message for the European nation.
Greece proceeds with vote plan
THE Greek government has vowed to go ahead with plans to have the people decide whether they want more austerity measures in exchange for a rescue deal.
New hope in Greek financial crisis
AS GREEKS line up to withdraw their cash, the PM has said he will accept a conditional bailout. But he’s asked for one thing.
Unthinkable disaster is looming
THE deadline has passed, and Europe is officially facing an unprecedented catastrophe. So, what happens next?
Greece defaults, but what happens next?
THE next three weeks are critical for Greece, after it failed to meet the deadline to repay its $2.2 billion debt. Here’s all you need to know about the crisis.
Where Greece could restart talks
GREECE has defaulted on its repayments to the IMF after talks with creditors broke down. Could this be a way out of the crisis?
Last-ditch proposal slapped down
GREECE has slipped deeper into its financial abyss, with the rest of the Eurozone rejecting a last-ditch proposal to extend its bailout.
Stocks plummet around the world
THE debt crisis keeping leaders up at night has now sent global stocks diving – and there are fears that it’s only going to get worse.
‘Everyone is frankly scared now’
THEY are being told not to panic, but with only enough money to last them the week, millions in Greece are living in a state of fear.
Greece’s ATMs empty as citizens panic
GREECE faces a banking collapse as the last of the nation’s ATMs get emptied by panicked citizens and banks are forced to close for at least a week.
Low rates may become ‘chronic’
NEAR-ZERO interest rates could become chronic in the world’s major economies unless “a firm hand” is used, warns a new report.
Greek deal could happen this week
GREECE has finally offered economic reforms that might keep the country from a painful exit from the euro currency and roil international markets.
Greeks stash $3 billion in three days
NEARLY $3 billion has been withdrawn from ATMs in Greece in three days with travellers warned to take extra amid fears banks might be forced to stay closed on Monday.
Stashing away $586 million a day
THESE people are withdrawing millions each day and stuffing the money in their homes, with an ‘uncontrollable crisis’ set to hit.
Controversial TPP could be DOA
AUSTRALIA is close to admitting defeat on the Trans-Pacific Partnership — the massive and controversial trade deal aimed at uniting 40 per cent of the global economy.
Beginning of the end of Europe?
CRUCIAL talks fell apart on Sunday leaving the whole world reeling. There are fears it could spell the beginning of the end of the European experiment.
Simple question that could change everything
UK leader David Cameron plans to put a simple yes or no question to the public. The answer could have a massive impact on Europe.
Original URL: https://www.news.com.au/finance/economy/world-economy/page/49