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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

The Greek Stand-By Arrangement

Krugman, P. (2015) “The Greek Stand-By Arrangement“, The New York Times, 25 Ιανουαρίου.   For tomorrow’s column I went back to the original, May 2010 stand-by arrangement for Greece, to see what the troika was demanding and predicting at the beginning of the austerity push, and how it compares with what actually happened. First of all, I quite often encounter people who claim that Greece never really did austerity. I …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 choices after the elections – there is a chance for an agreement between the new Greek government and euro-area partners with both sides claiming victory at home

Darvas, Z. (2015) “Greek choices after the elections – there is a chance for an agreement between the new Greek government and euro-area partners with both sides claiming victory at home“, Bruegel Institute, 23 Ιανουαρίου.   In the days ahead of the Greek snap elections on 25 January 2015 a huge range of opinions has appeared on what Greece and its lenders should do. A large group of people are …Read More

Grexit 2015: A primer

Gros, Daniel, (2015), “Grexit 2015: A primer”, CEPS Commentaries, 23 Ιανουαρίου. In the run-up to the Greek elections on January 25th and the subsequent renegotiation of the country’s economic adjustment programme with the troika, Daniel Gros writes in this Commentary that “nobody officially wants Grexit”: not Syriza, which wants Greece to stay in the euro. It is ‘only’ asking for a reduction in Greece’s official debt and an end to …Read More

Greek parliamentary elections: a final look at the parties and the polling

Bertsou, E. & Brown, S. (2015) “Greek parliamentary elections: a final look at the parties and the polling“, LSE EUROPP, 23 Ιανουαρίου.   On 25 January Greece will hold parliamentary elections. Ahead of the vote, Eri Bertsou and Stuart Brown take a final look at the election, providing an overview of the Greek party system, the latest polling, and some of the key contextual factors such as the impact of …Read More

Greece will remain in the euro for now

Odendahl, C. & Tilford, S. (2015) “Greece will remain in the euro for now“, Centre for European Reform, 16 Ιανουαρίου.   Greece will hold a snap election on January 25th, after the country’s parliament failed to elect a new president with the necessary majority. Syriza, a left-wing party (or rather a coalition of parties) led by Alexis Tsipras, currently leads the polls. Given Syriza’s outspoken criticism of Greek economic and …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

We should be wary of removing the ECB from the troika to facilitate the use of outright monetary transactions

Otero Iglesias, Μ. (2015) “We should be wary of removing the ECB from the troika to facilitate the use of outright monetary transactions“, LSE EUROPP, 19 Ιανουαρίου.   A key legal debate in the context of the Eurozone crisis is whether so called ‘Outright Monetary Transactions’(OMT), which would allow the European Central Bank (ECB) to buy unlimited numbers of government bonds in secondary markets, are compatible with European law. The …Read More