REUTERS/Yannis Behrakis LONDON — Greece’s economy performed much worse than forecast in the final quarter of 2016, according to the latest data from the country’s statistical service Elstat. GDP shrank 1.2% in Q4 of 2016 — marking the worst quarterly performance for the stricken southern European economy since the heart of its debt crisis in […]

REUTERS/Alkis Konstantinidis Former Greek Prime Minister and leader of leftist Syriza party Alexis Tsipras delivers a speech during a pre-election rally in the western suburb of Egaleo, in Athens, Greece, September 3, 2015. Greeks are heading to the polls to choose their government again this weekend — though you wouldn’t know it from the relative […]

REUTERS/Yves Herman Former Greek Finance Minister Yanis Varoufakis holds a news conference during a Euro zone finance ministers emergency meeting on the situation in Greece in Brussels, Belgium June 27, 2015. Former Greek finance minister Yanis Varoufakis is not a fan of the country’s new bailout deal. And if you weren’t clear on that already, […]

Thomson Reuters Greek PM Tsipras arrives for a parliamentary session in Athens BRUSSELS (Reuters) – The latest paroxysm of Greece’s debt crisis has exposed growing rifts in the euro zone which, unless addressed soon, could lead to the break-up of European monetary union, the EU’s most ambitious project. The most worrying sign for European leaders […]

Milos Bicanski/Getty images A cloud of black smoke rises around the statue of Athina, ancient patron goddess of Athens, during renewed clashes between a breakaway group of rioting protestors and riot police in the city centre streets on December 18, 2008 in Athens, Greece. Nomura’s chief economist Richard Koo lays into Europe and the IMF […]