The estimated 1.4 billion euros ($1.8 billion) spent on bribes by Greeks last year wouldn’t pay off its bailout debts, but it might give its people more spare cash to deal with belt-tightening elsewhere.
Ready for the Greek election this Sunday? Here are the currencies to watch.
To "Mad Money" host Jim Cramer, the Greek elections will only bode well for the markets.
Amid Greece's economic woes, there is some good news: importers and top sommeliers are becoming more interested in the increasing quality (and rising prices) of Greek wines.
To put it simply, Greece's financial woes have been brewing for decades as the Greeks consistently voted in representatives across the political spectrum who promised the people more than the economy could deliver.
The very existence of deposits in Greek banks is a mystery to many outside observers. Why on earth would anyone—including Greeks—still have money in a bank located in Greece?
"We don't believe that European leaders are bluffing. If Syriza really pushes their views I think an exit [of Greece from the euro zone] would come," Dimitris Drakopoulos, euro area economist at Nomura, told CNBC.
Dan Greenhaus, BTIG chief global strategist, explains how the outcome from this weekend's elections in Greece will impact U.S. markets.
Tracking overseas jitters and the impact on U.S. markets, with Roger Altman, Evercore Partners founder & chairman, and Jack Malvey, BNY Mellon chief global markets strategist.
CNBC's Michelle Caruso-Cabrera reports one of the problems at the root of the Greek debt crisis is the inability to collect revenue, with Harry Theoharris, Greek Ministry of Finance.
In a Europe where the outcome of most elections is predicted weeks before votes are cast, the triumph of left-wing Syriza in May’s Greek elections was one of the few shocks of recent years.
The supply of healthcare and medicines in Greece is already increasingly difficult – and if the country left the euro, the situation would get even worse, Greek healthcare officials have warned CNBC.
“We are moving from being a Western country to a poor country,” George Protopapas, national director of international charity SOS Children’s Villages, told CNBC.
Economic reports are dicey and Greek elections are looming, but this strategist thinks it's time to put risk on.
If Angela Merkel had been president of the U.S. in 2008 and 2009, the Federal government would not have invested $700 billion to bail out the financial and automobile industries.
The upcoming Greek election could determine whether Greece remains in the euro zone. Here's your trading plan.
Investing is "unusually difficult" because of current uncertainties and there are some signs that the markets are pricing a "rare disaster" – but the situation is not as bad as it was in 2008, analysts at Goldman Sachs wrote in a market note.
As more and more Greek nationals turn to the promised land of Australia to escape unemployment and austerity, visa procedures may not make it as simple.
The former long-standing UK prime minister, Tony Blair, a self-professed pro-European, said the risk of unrest applied to Europe as a whole, the Financial Times reports.
Bankers’ bonuses across the European Union are set to be limited by law, with many bank lobbyists admitting in private that they have lost the fight against a European Parliament initiative to limit the size of bonuses relative to salary, the Financial Times reports.