Greece is set to become the first advanced economy to default on the IMF in its 71-year history.
What is the position of the “average Greek” in the coming referendum?
AAP/AP Image/NewZulu/Aggeliki Koronaiou
The Greeks are being asked to vote on whether they want further austerity measures. But the impact of the crisis is also being felt on Greek-Australian diaspora.
Sorry, no money today.
The Greek government shut all banks in the country on June 29 after the European Central Bank capped emergency funding to the lenders. Cash withdrawals from ATMs are now limited to €60 a day (about US$67…
Many are ready to call it quits with the euro, but down that road lies nothing good.
An analysis conducted in 2007 showed how severe the consequences would be if a country left the euro. How have eurozone officials let it get this far?
People queue to withdraw cash from Greek banks.
With the ECB freezing the level of emergency liquidity assistance it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold.
Alexis Tsipras has called a referendum of Greece’s bailout offer.
Austerity has crippled the Greek economy and Greek society. To accept more is a decision that should be given to the Greek people.
Head to head.
What you need to know about the IMF and its approach to negotiations over a Greek bailout.
Guys, let’s not get ahead of ourselves.
As Greece and Europe struggle to come to an agreement, is Russia offering the Syriza government a viable alternative?
Signs of resistance.
The Greek parliament's Truth Commission on Public Debt has declared much of Greece's €320 billion debt to be "odious" and illegal.
Blessed are the bean counters? New investment in Greece could drive development.
Investment for profit and development should lie at the heart of a solution for the imbalances in Greece and Europe.
Greece faces two difficult outcomes.
Whether Greece reaches a new bailout agreement or not, the country is in for a rough ride.
Athens is the epicentre of a dangerous relationship.
A continent in shock; a country on the brink; and a model for punitive debt negotiations that serves no one but the banks.
Flags for sale in Athens.
Only one thing is certain in the titanic struggle over Greek debt and the future of the Euro.
What is Greece all about? Bearded philosophers? Caryatids? Spartans?
Our current turn towards ancient Greece touches on a fundamental nerve in modern society.
Historically, governments that have chosen default have experienced a much higher risk of losing political office.
A possible “Grexit” would be more likely to lower rather than raise the political incentives for other European governments to follow.
Like Diogenes the Cynic, Greece's Syriza government have been intransigent in negotiations with powers stronger than them.
Agreement: the outcome everyone is hoping for.
EPA/Bernd von Jutrczenka
In order for Greece to move forward, Tsipras' government needs to take the opportunity being offered it and accept the political cost.
Euro wasn’t meant to be a prison but a means to a shared prosperity.
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The euro will not survive unless Europe ends the ongoing humanitarian crisis in Greece.
Greece still owe us this much.
Much of the focus on Greece has been on how to deal with its debt. Yet the debt will not be tackled simply through cutting public spending.
Healthcare has borne the brunt of mass cuts.
Greece has undergone significant reforms in the last five years. A look at the effects on the country shows why Syriza's rejection of further austerity is not unreasonable.