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Banks reopen, taxes rise as Greece pays billions to creditors

ATHENS, Greece – Greece's government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners.

After Greece’s apparent ‘No’ to bailout terms, Germany and France call for a eurozone summit on Greece

There are no explicit provisions in EU rules for summits of eurozone leaders, but they can be held in exceptional circumstances.

Euro holds steady after Greece defaults

TOKYO, Japan – The euro held steady in Asia on Wednesday as traders shrugged off the widely expected default by Greece, with focus now turning to the weekend's referendum, which could determine the country's eurozone future.

Global markets fall as Greece closes banks and twin defaults loom

U.S. stocks faced their worst day of the year on Monday, with the Dow Jones industrial average plunging 350 points. It was part of a sell-off that spanned three continents after negotiations between Greece and its creditors broke down over the weekend and Athens closed the nation's banks.

Puerto Rico’s governor says Washington must help with staggering debt

Groaning under at least $73 billion in debt, Puerto Rico — which is being called "America's Greece" — is staggering down a path towards default, a scenario that could ripple across cities and states that depend on bonds for building everything from schools to stadiums.

What if there’s no deal on rescuing Greece by June 30 deadline?

The question is whether investors should get worried or if it's just another date in the calendar that government leaders and creditors will work around.

Greek talks ‘go backwards’ as default looms

BRUSSELS, Belgium – Greece and its EU-IMF creditors failed to break the deadlock in emergency talks on Thursday to reach a bailout deal, raising fresh fears of a default by Athens that could send it crashing out of the euro.

Europe’s pointless exercise in Greek austerity

WASHINGTON, D.C. — History repeats itself, first as tragedy, then as farce, and finally as trolling. That, at least, is the case in Greece, where its lenders want it to cut its pensions rather than hike its business taxes, because they're afraid those increases would, as the Financial Times' Peter Spiegel reports, "crimp economic growth."

Costa Rica rises to 15th in FIFA rankings, surpasses United States to become top-ranked CONCACAF team

The three countries Costa Rica beat on the way to the quarterfinals -- Uruguay, Italy and Greece -- all rank ahead of La Sele.

Costa Rica achieves highest FIFA ranking ever (No. 16) after historic World Cup run

The Ticos jumped up 12 places after reaching the World Cup quarterfinals for the first time. Costa Rica also surpassed Mexico (No. 18) for the first time since the polls started in 1993.

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