Gangopadhyay, Partha, (2015), “The Greek crisis is merely a symptom of the EU’s inability to deal with recessions”, 24 Αυgust Fresh elections will be held in Greece following the resignation of Alexis Tsipras as the country’s Prime Minister. Partha Gangopadhyay writes that while this latest twist in Greek domestic politics has raised more uncertainty about Greece’s ability to meet the conditions of its bailout agreement, there is a far wider …Read More
Why Greece Can’t Fulfill Bailout’s Terms
Bershidsky, Leonid, (2015), “Why Greece Can’t Fulfill Bailout’s Terms”, Bloomberg View, 18 August The debate about the third Greek bailout centers on its political divisiveness and the sustainability of the country’s debt. More important, however, may be the country’s ability to stay any kind of rational economic course, implement reforms and collect taxes. Judging by recent government revenue statistics, the chances of achieving those goals remain remote. Relevant Posts Ruparel, Raoul, (2015), “Third …Read More
Third Greek Bailout likely to overcome national hurdles
Ruparel, Raoul, (2015), “Third Greek Bailout likely to overcome national hurdles”, Open Europe blog, 18 Αυγούστου When it comes to issues around the bailouts we often hear the term “national procedures” but it’s not always entirely clear who or what this involves. It refers to the approval of member states of what is agreed at the Eurogroup with regards to the bailouts, however, different countries have different procedures. The large …Read More
The Unsettled Greek Revolution
Misik, Robert, (2015), “The Unsettled Greek Revolution”, Social Europe Journal, 12 August While Syriza slowly recovers from the shock of the last few weeks, prime minister Alexis Tsipras is searching for a role. Greece after the referendum, closure of banks and the Brussels diktat. An investigation. Relevant Posts Ruparel, Raoul, (2015), “What will shock Greek referendum mean for the Eurozone and Greece?”, Open Europe blog, 27 June Cowen, T. (2015) “Why …Read More
Greece’s debt burden can and must be lightened within the Euro – There will be no confidence and no growth in Greece without a solution to the debt problem.
von Bogdandy, Armin, Fratzscher, Marcel, Wolff, Guntram B., (2015), “Greece’s debt burden can and must be lightened within the Euro – There will be no confidence and no growth in Greece without a solution to the debt problem.”, Bruegel Institute, 5 August. Perhaps the greatest damage caused by the confrontation with Greece is a general loss of confidence. If we want to get Greece back to growth, people, companies and investors …Read More
The Challenges of the Greek Crisis
Crawford, Dan, (2015), “The Challenges of the Greek Crisis”, US/ Global Economics, Angry Bear Blog, 31 July. The Greek crisis has abated, but not ended. Representatives of the “troika” of the European Commission, the European Central Bank and the International Monetary Fund returned to Athens for talks with the Greek government about a new bailout. This pause allows an accounting of the many challenges that the events in Greece pose to …Read More
A European Union without Greece would be a much diminished force
Charountaki, Marianna, (2015), “A European Union without Greece would be a much diminished force”, LSE blog, 30 July. What would a failure to resolve the Greek debt crisis mean for the EU as a whole? Marianna Charountaki writes that while the debate over Greece has often focused on narrow economic issues, a Grexit would have far wider implications, undermining the foundations of the integration project and necessitating a complete restructuring of the …Read More
Greece: the Paradox of power
Featherstone, Kevin, Papadimitriou, Dimitris, (2015), “Greece: the Paradox of power”, LSE blog, 31 July. Why doesn’t Greece reform? Over the past few years the inability of successive Greek governments to deliver on the demands of international creditors has been a key feature of Greece’s bailout drama. Frustrated observers have pointed to various pathologies of the Greek political system to explain this underperformance: the lack of political will; entrenched sectoral interests …Read More
In Defense of Varoufakis
El-Erian, Mohamed A., (2015), “In Defense of Varoufakis”, Project Syndicate, 29 July. From blaming him for the renewed collapse of the Greek economy to accusing him of illegally plotting Greece’s exit from the eurozone, it has become fashionable to disparage Yanis Varoufakis, the country’s former finance minister. While I have never met or spoken to him, I believe that he is getting a bad rap (and increasingly so). In the process, …Read More
How to keep Greece in
Odendahl, Christian, (2015), “How to keep Greece in”, Center for European Reform, 27 July A paralysed banking system and a lingering threat of exit from the eurozone would hurt any economy. Greece needs swift action to restore its financial sector, an end to all threats of Grexit, a bigger EU investment programme than currently planned, debt relief and a Greek-led cross-party plan on institutional reforms. Relevant Posts Eichengreen, Barry, Evans, Gary, Αllen, Peter, (2015), …Read More