Greek debt crisis: Who has most to lose?

By Ivana Kottasova

Greece and its international lenders have embarked on a battle over the country's staggering debt.

The new Greek government, led by left-wing party Syriza, wants the debt reduced and its terms renegotiated; its creditors are reluctant to forgive any debt, but may be prepared to talk about extending the deadlines for repayment.

The collapse of Europe?

 

by John Feffer

Europe won the Cold War.

Not long after the Berlin Wall fell a quarter of a century ago, the Soviet Union collapsed, the United States squandered its peace dividend in an attempt to maintain global dominance, and Europe quietly became more prosperous, more integrated, and more of a player in international affairs. Between 1989 and 2014, the European Union (EU) practically doubled its membership and catapulted into third place in population behind China and India. It currently boasts the world’s largest economy and also heads the list of global trading powers. In 2012, the EU won the Nobel Peace Prize for transforming Europe “from a continent of war to a continent of peace.”