ECB gives Greece breathing space
GREECE’S banks have been saved from collapse after MPs grudgingly passed a tough reform package demanded by creditors.
World Economy
Streets of Greece turn very ugly
UPDATE: Greece has passed controversial new austerity measures – but its people definitely aren’t happy.
Tensions high over Greece bailout
GREECE’S Alternate Finance Minister has resigned in protest over the austerity measures the country is asked to implement in exchange for a bailout.
Revolt over austerity deal grows
GREECE’S left-wing government launched a frantic 24-hour effort late Tuesday to push more austerity measures through Parliament.
Did Olympics ruin this country?
IT’S famous for its ancient ruins, but the modern ones are just as striking. They’re abandoned and decaying – the perfect symbol.
Greece’s collapse like you’ve never seen it before
DRY cleaners, travel agencies, dressmakers and butchers. This photographer is capturing a dying economy, one business at a time.
Grexit could trigger ‘migration wave’
THEY are going hungry and one former government minister predicts they’ll soon come to Down Under, which could be terrible for Greece.
Greek public servants strike over deal
ANGRY Greek public servants are preparing to go on strike tomorrow over draconian bailout conditions agreed by Prime Minister Alexis Tsipras last night.
‘Misery, humiliation and slavery’
EUROPEAN leaders might be pleased with themselves, but ordinary Greeks are more frightened than ever.
New Greece bailout agreed at summit
UPDATE: THE President of the European Council says a unanimous agreement on a Greek bailout deal has been reached after a marathon 17 hours of talks.
Greece’s scary 24-hour to-do list
EVERYONE’S cock-a-hoop this morning, because Greece has finally agreed to a deal. But the drama definitely isn’t over.
Bitter fight ends in new Greek deal
BAILOUT negotiations got heated with reports of raised voices and outright hostility but at the 11th hour Eurozone leaders finally agreed on a bailout plan for Greece.
China crash sparks ugly backlash
A WEEK after China’s monumental crash, stories of suicides and the role the country’s underground “shadow” banks have emerged.
Deal or no deal: Greece on deadline
GREECE is facing its last chance for a deal to avoid exiting the euro, but will that really mean the end for the long-running saga that’s causing global financial uncertainty?
Greek MPs approve bailout plan
GREECE’S parliament has approved a reform package to save the country from financial ruin, which could avert a possible an exit from the euro.
‘I just can’t take it anymore’
AS Greece continues to battle hardship and confusion, the people caught in the crisis try their best to put on a brave face.
Greece’s make-or-break negotiations
GREECE’s left-wing PM will spend today pleading with colleagues to back his harsh new austerity package, but many feel humiliated by the backflip.
Fearful Greeks start panic spending
WITH a deadline just hours away for Greece’s leaders to deliver a full reform plan, panicked Greeks are ‘binge spending’ for fear of losing their life savings.
China crash ‘could hit house prices’
CHINA’S stock market crash has already bled into the iron ore price, and it could have flow-on effects into Australia’s credit-fuelled housing market.
Europe gives Greece five more days
EUROZONE leaders have slammed Greece’s inability to confront its financial problems as Prime Minister Alexis Tsipras is given until Sunday to come up with a new plan.
Greeks fear the worst is yet to come
EUPHORIA has turned to fear as banks in Greece remain shut and panicked citizens worry about what will happen to their savings.
Big change they don’t want Aussies to know about
A SECRET deal being negotiated in Geneva could see giant international childcare providers enter the Australian market.
The man with the impossible job
THE man who must now lead Greece’s negotiations with furious European leaders has admitted a severe case of “stage fright”. We don’t blame him.
Europe’s stern warning to Greece
GREEK banks will stay closed amid fears ATMs are running out of cash. Meanwhile, France and Germany have one demand after crisis talks overnight.
‘Monstrous’ crisis looms in China
WHILE everyone’s talking about Greece, another crisis is brewing closer to Australia – and it could amount to a $3.2 trillion crash.
Help on the way for sobbing pensioner
HE WAS the sobbing pensioner who became the face of the Greek debt crisis. Now an Australian man is on his way to help with a very generous offer.
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.
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.
Ignore these at your own peril
SEVEN megatrends have been identified that could change our world forever, with devastating consequences for those who ignore the signs.
WikiLeaks’ ‘most wanted secret’
IT’S a trillion-dollar secret pact involving Australia ‘that will affect the whole world’ and WikiLeaks is so desperate to know what’s in it, it’s willing to pay big money.
Greeks flee banks crisis deepens
CUSTOMERS are abandoning Greece’s banks and stashing cash in their homes as fears grow that the country could be about to exit the eurozone.
Why Greece could exit the eurozone
GREECE could be set to leave the eurozone, International Monetary Fund chief Christine Lagarde has admitted. Here’s why.
Scary warning for global economy
HIS name is Stephen King, and he’s got a horror story to tell about the global economy. The Titanic is about to sink — and there aren’t any lifeboats.
Original URL: https://www.news.com.au/finance/economy/world-economy/page/53