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Greece: ECB Kicks Syriza in the Face; Syriza Turns the Other Cheek

Weisbrot, M. (2015) “Greece: ECB Kicks Syriza in the Face; Syriza Turns the Other Cheek“, The Huffington Post, 05 Φεβρουαρίου.   On Wednesday the European Central Bank (ECB) announced that it would no longer accept Greek government bonds and government-guaranteed debt as collateral. Although Greece would still be eligible for other, emergency lending from the Central Bank, the immediate effect of the announcement was to raise Greek borrowing costs and …Read More

Je suis Dijsselbloem ou Varoufakis?

Χατζησταύρου, Φ. (2015) “Je suis Dijsselbloem ou Varoufakis?“, Protagon Website, 04 Φεβρουαρίου.   Η πρώτη συνάντηση Βαρουφάκη-Ντάισελμπλουμ φέρνει στη δημόσια συζήτηση ένα θέμα που μέχρι τώρα ήταν αντικείμενο ανάλυσης κυρίως των ενασχολούντων με τη θεσμική λειτουργία της ΕΕ στα οικονομικά θέματα. Ευκαιρία, λοιπόν, να δούμε ποιο είναι το πρόβλημα, γιατί υπάρχει πρόβλημα, και ποιες οι συνέπειές του μέχρι σήμερα. Από το 2010 και μετά οι ευρωπαϊκές κυβερνήσεις ομόφωνα προχώρησαν στην …Read More

A Greek Morality Tale

Stiglitz, J. (2015) “A Greek Morality Tale“, Social Europe Journal, 04 Φεβρουαρίου.   When the euro crisis began a half-decade ago, Keynesian economists predicted that the austerity that was being imposed on Greece and the other crisis countries would fail. It would stifle growth and increase unemployment – and even fail to decrease the debt-to-GDP ratio. Others – in the European Commission, the European Central Bank, and a few universities …Read More

Who’s Unreasonable Now?

Krugman, P. (2015) “Who’s Unreasonable Now?“, The New York Times, 02 Φεβρουαρίου.   OK, so as I understand the latest from the new Greek government, Yanis Varoufakis is saying that he and his colleagues don’t care what happens to the headline value of the debt — if you want to claim that there has been no write-off, OK. What they want instead is substantive but not outrageous relief from the …Read More

Is SYRIZA just another Greek party that does not know what to do?

Moumoutzis, K. (2015) “Is SYRIZA just another Greek party that does not know what to do?“, Europe on the Strand Blog, 01 Φεβρουαρίου.   Less than a week after SYRIZA’s (Coalition of the Radical Left) electoral victory, uncertainty regarding the newly formed Greek government’s economic policy has increased. In a statement emailed to Bloomberg News, Greek Prime Minister Alexis Tsipras said: ‘we need time to breathe and create our own …Read More

How Greece Could Change the Future of Europe

Weisbrot, M. (2015) “How Greece Could Change the Future of Europe“, Vice News, Opinion & Analysis, 28 Ιανουαρίου.   The Syriza party’s big win in Greece’s legislative election last weekend is a turning point in the long political fight over Europe’s botched recovery from the financial crisis and world recession of 2008-2009. The occasion presents a milestone for the eurozone, which has been plagued by mass unemployment and economic stagnation, …Read More

Why Europe Will Cave to Greece

Crook, C. (2015) “Why Europe Will Cave to Greece“, Bloomberg View, 28 Ιανουαρίου.   A prediction for you: Greece and the European Union will split the difference in their quarrel over debt relief. What’s uncertain is how their respective governments will justify the new deal, and how much damage they’ll inflict on each other before accepting the inevitable. EU governments, with Germany in the lead, are saying that debt writedowns …Read More

Syriza’s victory underlines the transformation of Greek political culture during the crisis

Karoulas, G. (2015) “Syriza’s victory underlines the transformation of Greek political culture during the crisis, LSE EUROPP, 27 Ιανουαρίου.   On 25 January, Syriza, led by Alexis Tsipras, won the 2015 Greek parliamentary elections and formed a new coalition government with another anti-austerity party, the Independent Greeks. Gerasimos Karoulas writes on the changes within Greek political culture which have occurred in Greece during the country’s economic crisis and which were …Read More

Tsipras And Syriza’s Win Reboots European Social Democracy

Gow, D. (2015) “Tsipras And Syriza’s Win Reboots European Social Democracy“, Social Europe Journal, 26 Ιανουαρίου.   The “vicious circle of austerity is over,” said Alexis Tsipras, Syriza leader and Greece’s likely new premier, after his party won a stunning victory in yesterday’s general election. It would be replaced, he added, by “a politics of hope, solidarity and co-operation.” He and his senior colleagues say this is true for the …Read More

Greek Elections, Democracy, Political Trilemma, and all that

Rodrik, D. (2015) “Greek Elections, Democracy, Political Trilemma, and all that“, Social Europe Journal, 08 Ιανουαρίου.   Two-and-a-half years ago I wrote a short piece titled “The End of the World as We Know It” which began like this: “Consider the following scenario. After a victory by the left-wing Syriza party, Greece’s new government announces that it wants to renegotiate the terms of its agreement with the International Monetary Fund and the …Read More