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 ...

On Saturday, a Bloomberg reporter's credit-card records listed a transaction at the Hilton Athens in "Drachma EQ" instead of in euros, which is still Greece's currency. Bloomberg reported Thursday ...

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 ...

ATHENS, Greece -- Europe's oldest currency, the 2,650 year-old Greek drachma, has endured war and turmoil. On Friday, it finally met its match in the euro and was traded on the international market ...

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 ...

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 ...

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 ...

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 ...