Timothy B. Lee
Former senior correspondent
Latest articles by Timothy B. Lee
European leaders are meeting to decide Greece’s fate — in or out of the eurozone.
China stopped its stock market crash. That’s not necessarily a good thing.
Greek voters said no, but the Greek parliament just said yes to European austerity demands.
Chinese stocks lost 32 percent of their value from June 12 to July 7, but they have gained back some value since then.
The latest Greek proposal looks a lot like the European proposal voters rejected on Sunday.
The Greek government has submitted a new bailout proposal to its European creditors.
Uncertainty and capital controls are gradually bringing the Greek economy to a standstill.
In the past year, China has seen a debt-fueled stock boom followed by a crash.
Chinese stocks gained nearly 6 percent on Thursday.
The amount of borrowed money in the Chinese stock market has ballooned in the past two years.