Greece’s gross domestic product, shown here in 2010 constant dollars, has plunged since 2008.
RED St. Louis Federal Reserve Bank and Hellenic Statistical Authority
On Sunday, the citizens of Greece voted No on the country’s referendum to accept a package of money in exchange for further austerity measures. Now what? Every armchair economist from Iowa to the Aegean…
The new agora?
Talk on the street is that nothing short of revolution will do after the referendum.
Standing in line.
Greek banks are running out of options, as cash reserves dwindle in lieu of more ECB emergency funding.
As protestors gathered in Athens, professors were wining and dining nearby.
As professors, we must look up from our cosy academic debates and hear the cries around us.
Phone a friend?
Angela Merkel is in a tight spot, and her usual tactics won't work.
Varoufakis said he resigned to help the negotiations.
Greek Finance Minister Yanis Varoufakis, who led a failed strategy to change the terms of Greece's bailout, resigned Monday.
Celebrations in full swing after the No vote.
The referendum is a victory against the political class that has driven Greece to the brink, and the eurocrats who refused to help.
Greece’s creditors now gather to decide the country’s fate.
Syriza and the Greek people may have won a victory against austerity, but their fate is largely out of their hands.
Celebrations by No supporters on July 5 in front of Greek parliament in Athens.
The Greek rejection of the bailout means it's time to brace ourselves: Grexit is now an 80% probability.
Syriza’s successful Oxi (No) campaign was a symbolic victory that will have little lasting impact.
Heralded and mourned as historic, the so-called Greferendum was more about the survival of the Greek government and Syriza than anything else.
A newly confident Greece could find a path to stability.
Greece could default and refuse to leave the eurozone - it all comes down to what the European Central Bank does next.
No voters celebrate but many questions remain.
Greece has voted resoundingly against the bailout terms set by the IMF in a historic referendum.
The No vote won it.
Academic experts respond to the No vote in Greece's referendum on whether or not to accept a bailout offer from their international creditors.
Grexit puts everyone at risk.
European leaders have consistently claimed that their anti-contagion measures would protect the rest of the eurozone from a Greek exit. This looks like pure propaganda.
No campaign voters burn an EU flag.
Greeks face a big dilemma in the July 5 referendum. It's been badly organised, democratically questionable and there's a great deal at stake.
The deadline for Greece's latest payment has passed, so why is Syriza pushing ahead with a referendum?
Greece owes what was once called a ‘man payment’.
It might seem like Greece and Europe are arguing about money, but it's really all about vengeance.
Many Greeks want to see their country stay in the eurozone, but fear yet another round of crippling austerity measures.
Greece's membership of the eurozone has been problematic from the beginning.
Nationalist feeling is running high in Greece.
The extreme right and extreme left have found themselves united against Europe.
The cry from the streets.
Debt relief should not be a divisive bargaining tool. Better that it is a formal part of a structured approach to risks in a currency union.