GO
Loading...

The 2012 Greek Elections

  • While the victory of pro-bailout parties in Greece brought cheer to the markets on Monday, one expert warns it will not go a long way in boosting the debt-laden country’s economic prospects.

  • Wilbur Ross, the billionaire investor and Chairman of private equity firm, WL Ross & Co., says the real question facing Greece is what policies the new government will implement after the pro-bailout New Democracy party won the most votes in Sunday’s vote.

  • The euro reversed earlier strong gains against the U.S. dollar in Asian trade on Monday, as optimism surrounding the expected win by Greece’s pro-bailout parties in Sunday’s critical elections proved short-lived for the single currency.

  • The pro-bailout conservative party won Greece's cliffhanger euro election today against the anti-austerity Syriza.

    Risk assets rallied in early Asian trade after Greece's pro-bailout New Democracy Party won the most number of votes in elections on Sunday, helping to ease concerns the country would leave the euro zone.

  • Samaras to CNBC: 'We Are Anchored' to Euro Sunday, 17 Jun 2012 | 4:54 PM ET
    Greece's conservative party leader Antonis Samaras.

    Antonis Samaras, the leader of the New Democracy party which won the most votes in Sunday’s election, told CNBC that investors should be reassured by his parties victory over radical leftist Syriza party.

  • Emigrating Greeks Prove the EU Is Working Monday, 18 Jun 2012 | 4:40 AM ET
    View over the caldera of Santorini in Greece.

    Spiraling unemployment, biting austerity measures and political uncertainty have led to an upsurge in Greeks quitting the country for sunnier economic climes.

  • Greek Parliament

    New Democracy may have won the largest share of the vote in the Greek elections which have held markets in thrall for weeks — but leader Antonis Samaras is unlikely to be cracking open the ouzo quite yet.

  • So Will Greece Finally Leave the Euro Zone? Sunday, 17 Jun 2012 | 6:12 AM ET
    Nouriel Roubini

    Recent weeks have seen the rhetoric from both sides of the Greek tragedy ramped up with naysayers claiming the days of the Hellenic Republic’s membership of the euro zone are numbered, and others insisting the bloc will stay intact come what may.

  • The Parthenon in Greece

    The emotions dominating conversations in Athens - the city where democracy was first founded - include despair, pessimism and resignation.

  • Here's What Greece's Biggest Loss Might Be Saturday, 16 Jun 2012 | 12:59 PM ET
    Swimming pool in Greece

    I am lucky enough to have met some bright and extremely patriotic Greeks who fully admit their country needs a radical overhaul. It’s these people Greece needs to help rebuild their broken state but these are very often the most mobile of people.

  • 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.

  • Guest Blog: 3 Big Questions for Greek Election Saturday, 16 Jun 2012 | 4:03 PM ET
    Greek Parliament

    Would a new Greek government be able to mobilize sufficient internal and external support as it embarks on one of the most difficult economic adjustments in modern European history?

  • Banks' Fire Drill for Greece Election Saturday, 16 Jun 2012 | 7:25 AM ET

    Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. The New York Times reports.

  • Here's What Greece's Biggest Loss Might Be Saturday, 16 Jun 2012 | 12:59 PM ET
    Swimming pool in Greece

    I am lucky enough to have met some bright and extremely patriotic Greeks who fully admit their country needs a radical overhaul. It’s these people Greece needs to help rebuild their broken state but these are very often the most mobile of people.

  • Greece Sinks Into Despair Ahead of Elections Friday, 15 Jun 2012 | 2:15 AM ET
    Greece held an election on May 6, 2012

    “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.

  • It seems nothing matters more to the market right now, than the outcome of the elections in Greece. And it's more likely than not, that they're a bullish event.

  • Got Cash in Greek Banks? Don't Pull It! Friday, 15 Jun 2012 | 12:25 PM ET
    A man removes paint from the sign of the central bank of Greece following demonstrations in Athens, Greece, on Monday, Feb. 13, 2012.

    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?

  • A man holds a placard bearing the Greek flag.

    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.

  • Greek Workers Keep Working Without Pay Thursday, 14 Jun 2012 | 1:15 AM ET
    Greece

    The stereotype of the lazy Greek worker, putting in long hours but not producing much, and not declaring everything to the taxman, has dogged the country’s efforts to get international sympathy.

  • Why the Greek Election Is Huge Thursday, 14 Jun 2012 | 11:47 PM ET
    Greek Parliament

    Greece may be a small country, but its vote this Sunday may be the most important in the world this year.

  • A man reads a Greek-language newspaper at a cafe in Oakleigh, a suburb of Melbourne, Australia.

    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.

  • Seeds of Anger Sown in a Greek Soup Kitchen Wednesday, 13 Jun 2012 | 4:48 AM ET

    The 1,200 who waited for bread, rice and vegetable soup at a kitchen visited by CNBC this week are just a fraction of the many hungry people in Athens and the surrounding area, as the noose of austerity tightens around the Greek population.

  • What Greek-Americans Can Do to Help Greece Wednesday, 13 Jun 2012 | 3:42 AM ET
    Greece and U.S.

    One of Greece’s most powerful weapons in the fight to get its economy back on track and avoid a potentially catastrophic crash out of the euro could be the millions of Greeks who live elsewhere.

Slideshows

  • Greek Election: The Key Players Friday, 25 May 2012 | 11:38 AM ET
    Greece is back on top of the international economic and political agenda after a brief respite as the country is forced to call a repeat election after a May 6 vote left parliament divided evenly between groups of parties that support and oppose austerity conditions attached to a 130 billion euro ($163 billion) rescue agreed with lenders in March.The latest opinion polls in Greece suggest anti-bailout leftist party Syriza has taken the lead ahead of a vote that is widely viewed as a referendum o

    Greece is back on top of the international economic and political agenda after a brief respite. Check out a guide to the key players in the coming election and Greek political crisis.

  • The World's Biggest Debtor Nations Tuesday, 27 Mar 2012 | 10:28 AM ET
    Throughout the financial crisis, many national economies have looked to their government and foreign lenders for financial support, which translates to increased spending, borrowing and in most cases, growing national debt.Deficit spending, government debt and private sector borrowing are the norm in most western countries, but due in part to the financial crisis, some nations and economies are in considerably worse debt positions than others.External debt is a measure of a nation's foreign liab

    Some nations around the globe are in considerably worse debt positions than others. Here are nations with the world's greatest debts.

  • The 10 Toughest Greek Austerity Measures
    By: Jeff Cox
    Wednesday, 29 Jun 2011 | 12:30 PM ET
    If you think you’ve got it tough living in America, just be glad you’re not going to be in Greece as that nation begins to confront the true reality of austerity.From a 15 percent cut in public wages to cigarette and alcohol taxes to Social Security reductions and means testing, the Greek measures will instill pain, necessary though it may be, for years to come.

    If you think you've got it tough living in America, just be glad you're not going to be in Greece as that nation begins to confront the true reality of austerity.

Most Popular Video

Wednesday, 16 Apr 2014 | 12:00 AM ET

GM unveils new models, hopes for strong sales this year After massive recalls, General Motors is pushing forward with new car models unveiled at the 2014 New York International Auto Show. CNBC's Phil LeBeau explains.

Friday, 11 Apr 2014 | 7:23 AM ET

Former Fed Chairman Ben Bernanke challenges Raghuram Rajan, Reserve Bank of India governor on his views about monetary policies, reports CNBC's Michelle Caruso-Cabrera.

Tuesday, 15 Apr 2014 | 5:40 PM ET

Jonathan Geller, BGR president and editor-in-chief, weighs in on the specifications for Amazon's newly announced 3-D smartphone.