Norbert Häring: Was it worth it? Concessions to Greece relative to the rejected draft of 16 February, Norbert Häring – Geld und Mehr Blog, 21 February 2015. On 16 February talks in the Eurogroup failed after Greece rejected a draft statement and received an ultimatum to ask for an extension of the current program before 20 February. Greece sent the letter and the Eurogroup reassembled on 20 February, agreeing on …Read More
The Ministry of Finance of Greece was published a folder that includes the presentations of the Greek Finance Minister, Y. Varoufakis, before his counterparts during the Eurogroup meetings of the 11th and 16th of February 2015. The folder includes the documentation non papers provided by the negotiating team, as well as the draft proposals for Greece by the Head of the Eurogroup, J. Dijsselbloem, and the European Commissioner for Economic …Read More
Sabri Öncü, T. (2015) “Greece, Its International Creditors and the Euro“, Naked Capitalism Blog, 17 February. Yves here. This is an excellent background piece on how Greece got where it is and how its various bailouts were structured. It also helps explain the past and current roles the various members of the Troika play and discusses the prospects for Greece achieving its aims. By T ([email protected]), a financial economist …Read More
Gros, D. (2015) “A Greek Way Out?“, Economic Policy: Commentaries, Centre for European Policy Studies, 05 February. In his analysis of the basic compromise that is emerging between the new left-wing government of Greece and its European partners, Daniel Gros emphasises that the key element will be how the real problem, namely liquidity, is dealt with. Relevant posts: Stockman, D. (2015) “History In the Balance: Why Greece Must …Read More
Stockman, D. (2015) “History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro“, David Stockman’s Contra Corner Blog, 02 February. Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment. For its part, Greece stands at a fork in the road. Syriza can move aggressively to recover Greece’s …Read More
Beck, Τ. (2015) “Groundhog Day in Greece, VoxEU Organisation, 02 February. The Greek-Troika conflict is roiling markets, boardrooms and cabinet offices around the world. Crises are best solved by recognising losses, allocating them and moving on, so the biggest risk, this column argues, is that a compromise kicks the can further down the road. As the can rolls on, the scenery becomes politically and socially less attractive – fuelling …Read More
Wright, Τ. (2015) “Will Syriza’s Victory in Greece Mean Easing Austerity?“, Newsweek, 29 January. At the weekend, Syriza and its leader Alexis Tsipras won a clear victory in the Greek elections and have formed a coalition government with the small right-wing party Independent Greeks, which is also anti-austerity and anti-bailout. Tsipras has a clear mandate to renegotiate Greek debt and its relationship with the European Central Bank (ECB). Much …Read More
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 January. 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
Bertsou, E. & Brown, S. (2015) “Greek parliamentary elections: a final look at the parties and the polling“, LSE EUROPP, 23 January. 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
Odendahl, C. & Tilford, S. (2015) “Greece will remain in the euro for now“, Centre for European Reform, 16 January. 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
