Greece

5:10am

Tue February 21, 2012
The Two-Way

Doubts Linger After Late-Night Deal On Bailout For Greece

Originally published on Tue February 21, 2012 7:36 am

Luxembourg Prime Minister and Eurogroup President Jean-Claude Juncker scratches his eyes during a press conference following the meeting of Eurozone nations earlier today in Brussels.
Georges Gobet AFP/Getty Images
  • NPR's Eric Westervelt, reporting on 'Morning Edition'

The top of the news today about the ongoing financial crisis in Europe is that:

"Greece won a second massive financial bailout early Tuesday morning when its partners in the 17-country eurozone finally stitched together a $170 billion rescue, meant to avoid a potentially disastrous default and secure the euro currency." (The Associated Press)

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2:00am

Tue February 21, 2012

2:00am

Tue February 21, 2012
Europe

Bailout Reminds Greek Village Of WWII

Nikos Bouras, 37, stands next to a monument for those massacred by the Nazis on June 10, 1944, that stands atop the highest hill in the Greek town of Distomo.
Joanna Kakissis NPR

Europe is still a continent that looks over its shoulder at a long and sometimes dark past. That extends even to the protracted Greek bailout negotiations, where Germany's dominant role has scratched at some historical wounds.

Germany occupied Greece during World War II, committing atrocities that some older Greeks can't forget. This history defines the pretty village of Distomo in central Greece, where Nazi soldiers killed 218 men, women and children in June 1944.

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10:01pm

Sun February 19, 2012
Business

Bondholders To Take A Hit In Greece Bailout Plan

European finance ministers are expected to vote on the latest $171 billion bailout package for Greece Monday. The package needs to be approved so Greece can make payments on bonds that come due a month from now. Even if the bailout is approved, it is likely to be only a temporary solution to Greece's troubles.

Across the Atlantic in New York, Hans Humes likes to ride his bike from his home in Brooklyn to his office at Greylock Capital Management in Manhattan. On a recent morning he showed up for our interview still carrying his bike helmet.

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3:55pm

Wed February 15, 2012
Europe

Europe Wants Assurances For Latest Greek Bailout

In Athens on Tuesday, Greek pensioners marched in protest against new austerity cuts. The eurozone insists Greece must stick to hugely unpopular austerity measures agreed to in return for a 130 billion euro debt bailout.
Louisa Gouliamaki AFP/Getty Images

The European Union says Greece has made some progress, but not enough, to merit the new bailout it desperately needs to avoid default and keep the euro as its currency.

Greeks are increasingly bitter about the austerity measures the EU is imposing on them. And Greece's EU partners are losing trust that the Greeks will implement them.

Now, talk is growing about contingency planning if Greece fails to meet the bailout conditions and defaults.

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