Inching towards default in Europe | by James Meadway

Inching towards default in Europe | by James Meadway

EU ministers have delayed payment of an €8bn loan disbursal to Greece after the PASOK government admitted it would not meet deficit targets. Without the money, the Greek state may not be able to pay its workers over the next month. These targets were set as part of...

Greek Tragedy | by Nick Dearden

Everyday the same news – Greece lurches nearer to a default, the financial markets panic, and governments come up with a few more euros or some soothing words to calm them for a few hours. The meltdown has been put off for another day.Almost every commentator accepts...