Euro Zone

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Greece Closes Banks, Fear of Financial Collapse

This entry was posted in International Affairs and tagged Euro Zone Greece on June 29, 2015 by Tyler

  Greece has announced that banks will be closed until July 6, a day after a referendum on baliout proposals will be held. A sixty euro limit has been placed on ATM withdrawals. Bank holidays like these are used in times of great economic stress in order to prevent bank […]

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Greece May Be Forced Out of the Euro Zone

This entry was posted in Politics and tagged Alexis Tsipras Euro Zone Europe Francois Hollande Germany Greece Syriza Party on June 16, 2015 by Timmy, Tyler

Germany has issued the most explicit warning yet of Greece’s exit of the Euro Zone. Greece is only days away from a 1.6 billion ($1.8 billion) euro payment to the International Monetary Fund and it seems increasingly likely that the country will default on that payment. Default could cause Greece […]

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