WORLD
February 12, 2012 | By Michael Birnbaum
BERLIN — Greece's Parliament approved far-reaching spending cuts early Monday in a bid to secure a bailout and stave off bankruptcy, as buildings burned in Athens, set ablaze by furious protesters who fear that European demands to reshape their economy will further exacerbate a crippling recession. The measures, which will slash the minimum wage, trim a fifth of government workers and slash entitlement spending, are wrenchingly unpopular in a country already seized by 21 percent unemployment and dim prospects for the...
OPINIONS
November 1, 2011 | By Editorial
NOT SINCE THE NIGHT when soldiers emerged from the belly of a giant wooden horse in ancient Troy has Greece engineered a more stunning surprise: On Monday, Greek Prime Minister George Papandreou shocked Europe , and the world, by announcing that he would not put a promised economic austerity package into effect until the voters of his debt-strapped nation approve it in a referendum. Mr. Papandreou's announcement comes on the eve of a Group of 20 summit in Cannes, France, and less than a week after...
OPINIONS
December 30, 2008
To anyone who knows Greece even a little, Anne Applebaum's Dec. 23 op-ed, "Venting in Athens," projected an inaccurate picture of Greece. Among the facts not mentioned: Greece, a U.S. ally in all major conflicts throughout the 20th century and the 21st century to date, is a stable, progressive democracy, with the fastest growing economy in the eurozone and among the top 20 in the U.N. Development Programme's Human Development Index. The largest shipping powers in the world, and the most significant force for development in the...
OPINIONS
June 27, 2012 | By David Ignatius
KIFISIA, Greece This upscale suburb of Athens offers a snapshot of a country sliding toward bankruptcy. It's an ugly picture, as expectations of prosperity and stability vanish and fear begins to take over. The trendy shops in the town center looked empty during a visit this week; many stylish restaurants were said to be closed or open only on weekends; banks here, as everywhere in Greece, have been depleted over the past month by a riptide of withdrawals. I'm here visiting Yannos Papantoniou, an old friend from graduate school who served as...
NEWS
September 12, 2008
· The visitor who scribbled "process junkie" in artist Maro Vandorou's guest book wasn't far wrong. The artist photographed, then digitized, then printed her latest suite of pictures using the antiquated platinotype process. The Byzantine manufacture of the paper she used requires blocks of explanatory wall text. And the pictures? Her photos of decapitated statuary and ivy-encrusted stairways at an ancient Greek cemetery seem secondary to the labor of making them. Also on view at Hillyer, landscape paintings by Paul Reuther, an...
BUSINESS
June 17, 2011 | By Howard Schneider and Anthony Faiola
The government officials and economists who put together a bailout for Greece in May of last year knew there was a substantial chance the program would fail but were unprepared for how fast their efforts unraveled, putting Europe's economy again at risk , according to people involved with the talks and others who closely followed them. The three-year, $160 billion program was admittedly ambitious, requiring Greece to make deep cuts to its social programs, slash public payrolls and...