On April 26th, Standard and Poor’s downgraded Greece’s credit rating, and Greek sovereign credit default swaps (CDS) climbed to 825 basis points - far higher than before the IMF and European Council ...

For years, the idea of Greece dumping the euro as it tried to shock its flat-lining economy back to life has been cast as an unthinkable doomsday scenario. But Sunday's lopsided vote by Greeks to ...

Now that Greek voters have voted "no" in the referendum, the government is engaged in a last-ditch effort to reach agreement with its creditors on policies and financing; if an agreement is not ...

Fears Greece may exit the euro and revive the drachma abound, but attempting a return to the currency Athens left behind would have tragic results, Goldman Sachs said. "Transitioning from the euro to ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. After Sunday’s decisive vote to reject a financial bailout offer, Greece may now be ...

Albert Einstein famously observed that a sure sign of insanity was the endless repetition of the same experiment in the hope of obtaining a different result. Yet that appears to be exactly what the ...

LONDON (Reuters) - Mainstream economic thinking may hold that Greece should stay in the euro zone, but there are those who argue that abandoning the single currency will give the cash-strapped and ...

In his first and only interview since taking office, Greek Prime Minister Lucas Papademos took straight aim at those who suggest Greece should abandon the euro and return to the drachma as a way to ...

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. Throughout the past hundred and fifty years or so, especially in U.S. politics ...