Greece plans to raise about ?6bn of short-term funds this week from local banks after its eurozone partners turned down a request for a bridge loan to repay a bond held by the European Central Bank that matures later this month.
Greek tourism minister Olga Kefalogianni says Greece is back to business and hoping for a boost in tourism.
Greece's three-party coalition has reached agreement on ?11.5bn of spending cuts over the next two years after the socialist party leader dropped objections to further planned reductions in pensions and public sector wages.
A terrorist explosion in Bulgaria. Tourist kidnappings in Egypt. Sometimes violent demonstrations in Greece. A coup in Mali. Deadly drug wars in Mexico. Olympic security failures in England.
I have often thought of European officials as the proverbial "plate spinners" from the circus. Those talented artists who balance spinning plates on sticks, ever increasing the number of sticks, rushing from one to the other, giving them a tug and pull to keep them moving, always aware that if they are too slow or too fast, one of the plates will crash to the ground.
Former Greek PM George Papandreou feels a coalition can be achieved. He talks to CNN's John Defterios in Athens.
Whether or not we witness a "Grexit" from the Euro 2012 football on Friday night, it is surely a delicious irony that Greece and Germany are squared up.
CNN's Ali Velshi talks to Wolf Blitzer about what it really means for account holders amid the recent Moody's downgrade.
The health of several of the world's biggest banks has been called into question following the decision by Moody's to downgrade their credit ratings.
The Greek heroics in Euro 2004 have now become part of folklore as Greece tries to outwit the German giants of football.
Greece striker Giorgios Samaras says the team's players are blocking out the political overtones of Friday's Euro 2012 quarterfinal against Germany.
U.S. stocks were headed for a modestly higher open Wednesday following news that Greece has formed a coalition government.
Greece has been at the heart of the European debt crisis -- and its weekend election was a critical test of the 17-country eurozone's ability to retain its common currency. The pro-bailout New Democracy party narrowly won most votes and claimed "a victory for all Europe," while the anti-austerity left-wing party Syriza a close second; the socialist Pasok party, which held power until late last year, came third.
The election in Greece of a pro-bailout party induced a huge sigh of relief well beyond Athens and plenty of press reaction that veered between cautious optimism and weary angst.
Asian markets were lifted in early trade after a victory for Greece's center-right, pro-bailout New Democracy party in crucial weekend elections.
Greek voters will have a second chance Sunday to elect a government that can hopefully pull the nation back from the brink.
Imagine abandoning your own children because you can't afford to feed and clothe them. It's a parent's nightmare that in Greece, mired in economic crisis, is increasingly becoming reality.
People in Greece weighed their options Saturday as they prepared to vote in a pivotal election that could determine the debt-stricken country's future in the eurozone and have an impact on the global economy.
CNN's Matthew Chance reports on the uncertainty in Greece surrounding the growing demand for austerity measures.
Just one decade after the European single currency was launched amid fanfare and fireworks, its future looks uncertain as the debt crisis that engulfed Greece, Ireland and Portugal threatens the entire bloc -- and the wider global economy.
CNN's live-blogging coverage of the Euro 2012 Group A matches between Greece and Czech Republic and co-hosts Poland and Russia.
Three thoughts after the Czech Republic's 2-1 win over Greece in Wroclaw, Poland.
Czech Republic kept their European Championship hopes alive and left Greece on the brink of elimination with a deserved victory in Wroclaw.
For all of Holland's great players the footballing giants have not won the European Championship since 1988.
There really is no argument at this point: The European Championship is the most competitive high-level soccer tournament in the world, even more so than the World Cup. When Euro 2012 starts on Friday with Poland-Greece (ESPN, noon ET) and Russia-Czech Republic (ESPN, 2:45 p.m. ET), every team will bring something to the table. The tournament has only 16 national teams (at least until it moves to 24 in four years), and so it's possible to have a first-round group of Germany, the Netherlands, Portugal and Denmark, four teams in the top 10 of the FIFA world rankings.
U.S. stocks could face another rocky session, as investors await the latest discussions on how to solve Europe's debt crisis.
Greece went 24 years from its first qualification before its next appearance in the final stages of the European Championship but, since its shock victory in Portugal in 2004, it has been ever-present in the finals. Otto Rehhagel, the coach who oversaw that triumph, finally left in 2010 to be replaced by the Portuguese manager Fernando Santos, named Greek coach of the last decade for his work with Panathinaikos, AEK and PAOK. But the method hasn't much changed.
U.S. stocks could get a lift Tuesday from growing hopes that Greece might avoid an exit from the eurozone, and that China might soon announce a stimulus package for its slowing economy.
Eurozone leaders fail to agree on jointly-underwritten eurobonds.
According to Christine Lagarde, managing director of the International Monetary Fund, it is payback time for Greece.
CNN's Richard quest talks to the European Commission's Ollie Rehn about the euro being better off with Greece.
Greece's public finances could collapse as early as next month, leaving salaries and pensions unpaid unless a stable government emerges from the June 17 election, according to Lucas Papademos, the technocrat prime minister who left office after this month's inconclusive vote.
The wheels are coming off the wagon. The fat lady is about to sing. The proverbial is about to hit the fan. It doesn't matter which saying you use, the facts are inescapable. Greece's membership of the eurozone is untenable under the current conditions and everyone knows it. Some like Hungary's finance minister say openly Greece will leave the euro. The only question is what catalyst will force it out and when. The nearest deadline to hand is the country's June 17th elections, when the Greek voters will decide whether to support parties who will adhere to the bailout agreements or those who want to tear them up.
Rather than getting ready to attract more tourists in its high season, Greece is headed toward the polls again on June 17. In the midst of domestic political uncertainty, more and more outside observers agree that "Grexit" -- the prospect of Greece leaving the euro -- has become inevitable.
The president of the European Commission, Jose Manuel Barroso, says Greece has received plenty of assistance.
U.S. stocks face a tough road Wednesday as investors worry about Greece leaving the eurozone and a slowdown in Asian economies. Technology stocks may come under pressure after Dell reported weak sales, sending its shares plunging nearly 13% in premarket trading.
U.S. stocks were poised to rebound Monday, after closing out one of the worst weeks of the year, as investors pinned their hopes on European leaders' abilities to manage the continent's debt crisis.
The events of the past few weeks have made increasingly probable what was once considered impossible: Greece may exit the euro.
The bank where she died in Athens is still shrouded in green tarpaulin and boarded off with corrugated iron. Graffiti scrawled in black across the front reads: "Traitors" and "killers."
Confusion, fear, frustration -- emotions are running high among Greece's people as they face the prospect of new elections next month and massive uncertainty over the country's economic future.
U.S. stock futures hovered around breakeven Thursday morning, as investors mull worries about Greece ahead of the final pricing for Facebook's initial public offering.
With apologies to John Lennon: Imagine a eurozone without Greece. It's easy if you try.
Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.
U.S. stocks were set for a higher open Wednesday, as investors weigh political uncertainty in Greece against mixed earnings reports and housing data.
Greece will hold new elections in response to a political stalemate that left the debt-racked country unable to form a government, the office of President Karolos Papoulias said Tuesday.
Greek president Karolos Papoulias proposes a technocratic government after coalition talks fail to produce anything.
A Jewish group in Greece has condemned the leader of the extreme-right Golden Dawn party over comments he made about the Holocaust in a TV interview.
Oil prices fell more than $2 a barrel Monday, hitting a five-month low as worries over Greece and JPMorgan's big loss spooked traders.
Greek President Karolos Papoulias is to hold talks in the next day with party leaders in a bid to create a national unity government, his office said Saturday.
Journalist Elinda Labropoulou discusses a third attempt to form a coalition government in Greece.
Greece may have given us the word democracy and many of the principles of civil society. But now it is "the sick man of Europe," and the people of other European democracies are asking whether it's worth saving with billions more dollars of their money. Put crudely, their argument is this: So what if Greece slides ignominiously out of the eurozone?
The leader of the socialist PASOK party in Greece is starting efforts to build a government, his party said, making him the third Greek politician since Sunday to try to do so.
The Olympic torch lights the way to the Summer Games in London.
CNN's Matthew Chance looks at how an ultra-nationalist group moved from the fringes of politics to parliament in Greece.
U.S. stocks sank Tuesday, although the major indexes closed off session lows, as Greece's uncertain political situation keeps investors on edge.
U.S. stocks were set to open lower Tuesday as Greece's uncertain political situation keeps investors on edge.
Sunday's parliamentary election in Greece delivered a crushing blow to New Democracy and Pasok, the two dominant parties that have ruled the country for the last 37 years. In the coming weeks, expect uncertainty, shifting alliances and growing frustration as a new political landscape struggles to emerge from the wreckage of the old.
Austerity measures topped the agenda as Greeks went to the polls to vote for parliamentary seats.
Greece's main center-right party has failed to form a coalition government Monday, adding yet more uncertainty to the debt-ridden country's political situation.
Voters dealt major blows to Greece's two most established parties in parliamentary elections Sunday, leaving no party with anything approaching a majority and the politically and economically volatile nation even more in flux.
Voters in Greece prepared Saturday to take part in parliamentary elections, with wide uncertainty over what government will emerge from Sunday's vote and how it will handle the austerity crisis gripping the nation.
Greece will hold parliamentary elections May 6, Prime Minister Lucas Papademos announced Wednesday.
Next week all eyes will be on inflation and Greece.
After a week dominated by hopes and fears about Greece, investors will continue to follow the plight of the nation at the center of Europe's debt crisis as it enters another crucial week.
Stocks surged last week to their highest levels in years, but there are few key economic reports slated for the week ahead to sustain the rally.
The leader of the eurozone's fastest growing economy says he has faced broad public opposition at home to bailing out "rich Greece people who are always drinking the ouzo."
Athens' Olympic stadium suffered heavy damage during violent clashes between soccer fans and police, authorities said.
Greece's caretaker prime minister insists that a "large, silent majority" of Greeks are willing to do whatever is needed to stay in the eurozone, despite near-daily anti-austerity demonstrations.
CNN's Richard Quest spoke to Alexander Stubb, the trade minister of Finland.
A slightly better-than-expected jobs report and positive news out of Greece will likely give stocks a lift Friday.
U.S. stocks closed higher Thursday as investors grew hopeful that private-sector bondholders are on the verge of accepting a debt-swap deal with Greece.
U.S. stocks pointed toward a higher open Thursday, as investors await further developments in Greece ahead of a crucial debt swap and mixed data on the job market.
For a country that has faced many moments of truth over the past few years, Greece is on the cusp of what could be a real make or break moment.
Greece has threatened to default on any of its bondholders who do not take part in a ?206bn debt restructuring that officials believe is key to returning Athens to solvency, a move that turns up the heat on potential holdouts ahead of a deadline on Thursday.
The last few months have witnessed a dramatic turn in the way democratic politics are conducted in a sovereign country that is also a member state of the European Union. The depth of the economic crisis and the increasing dependency of Greece on external funds to survive have led to an unprecedented degree of national humiliation and destabilization of the political system.
Standard & Poor's downgraded Greece's credit rating Monday to "selective default" after the government took legal steps to impose losses on all holders of Greek government bonds.
In a widely expected move, German lawmakers approved Monday a politically unpopular second bailout for Greece.
U.S. stocks drifted lower Wednesday amid doubts over the latest bailout for Greece and concerns about global economic growth.
U.S. stocks were poised for a slightly lower open Wednesday, as investors question whether Greece's newest bailout will be effective.
Once again, Greece appears to have been snatched back from the brink of default with the promise of more bailout money.
It looks like Greece will avoid an outright default in the short run now that eurozone finance officials have signed off on a second bailout for the debt-stricken nation.
EU ministers want to see more before signing off on a Greek austerity plan. CNN's Jim Boulden reports.
Eurozone finance ministers have agreed a second bailout package for Greece, giving it the funds it needs to avoid a potential default next month.
U.S. investors finally can consider an actual deal to help Greece avoid default when trading begins Tuesday.
A "strictly confidential" report on Greece's debt projections prepared for eurozone finance ministers reveals Athens' rescue programme is way off track and suggests the Greek government may need another bail-out once a second rescue -- set to be agreed on Monday night -- runs out.
Eurozone finance officials remained behind closed doors late Monday as a crucial round of talks over a second bailout for Greece looked set to run late into the night.
Eurozone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to ?170bn.
It's officially crunch time. European finance ministers need to agree to the terms of a second bailout to keep Greece from defaulting on an upcoming bond payment.
European stocks have rallied this year on hopes that a full-blown contagion can be avoided, but the outlook remains fraught with risks, not the least of which is what might happen with Greece.
Can the market sustain its rally, or will prospects of a Greek default shatter investors' risk appetite? The Dow Jones Industrial Average closed at its highest level since 2008 Friday. For the year, the Dow is up almost 6%, and the S&P 500 is up more than 8%. The Nasdaq has made an impressive 13% run.
A manhunt was under way Saturday in Greece for two suspects who tied up a guard, stormed the Archeological Museum of Olympia, smashed glass casings and stole dozens of small statues, state media reported.
U.S. stocks capped off a solid week on either side of the break even line Friday, as investors hesitated to make big bets ahead of a key vote on a second bailout for Greece.
U.S. stocks were headed for a flat open Friday, after finishing the previous session at multi-year highs, as investors hesitated to make big bets before a key vote on a second bailout for Greece.
Stocks had one of their worst days of the year Wednesday as Greece reminded everyone that it is still Greece. The Dow narrowly steered clear of its first triple-digit point drop since December 28.
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
CNN's Emily Reuben reports on how European countries can encourage growth in the economy.
U.S. stocks closed lower Wednesday as the euro hit a 1-week low on uncertainty over Greece's debt problems.
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