World markets slid dramatically after Greek Prime Minister George Papandreou stunned European leaders with an announcement that his government would hold a referendum on a new aid package for Greece.
Iceland suffered a big economic crash in 2008, now the country is watching the situation in Greece with wary eyes.
European leaders agreed to a plan on Thursday that they believe will both save the euro and avoid another global recession. But some economists and financial gurus are still not convinced.
Many Greeks have had enough of the austerity measures intended to keep the country from defaulting. Some of them are starting to say “No.”
Amid all the economic doom and gloom coming from Greece these days, you’d think the Greeks don’t have much to laugh about. But actually, humor is alive and well in Greece, and it’s helping many cope with some dark times.
The harsh economic climate in Greece is putting a lot of stress on the traditional family support system there.
A 24-hour general strike is under way in Greece in protest at the nation’s austerity measures.
Young Greeks living in Germany keep hearing complaints from Germans about Greeks being lazy and they’re hearing complaints from home about Germans demands for debt repayment.
Many Germans are against committing more money to prop up struggling eurozone members such as Greece.
While Europe’s governments negotiate to save the economies of nations, small business owners are struggling to keep their doors open.
In the latest attempt to stabilize the eurozone debt crisis, a number of measures are being discussed according to reports from the weekend’s international meeting in Washington.
Europe continues to struggle with finding a way out of its economic crisis. The most immediate threat to the Eurozone is the possibility of a Greek default. But some are openly wondering whether it’s time to let Greece go.
European leaders are debating what to do next to protect the financial markets from further instability.
German Chancellor Angela Merkel argues a Greek default would be worse than the bailout
