McDermott, John, (2011), ‘Greek haircuts and Greek myths — the detail’, ftalphaville.ft.com, 22 October. European leaders on Friday received some interesting weekend reading.FT Alphaville has also taken a look at “Greece: Debt Sustainability Analysis”, an assessment prepared by European Commission economists for discussion on Friday among European finance ministers. We’ve put it in the usual place.
Floyd, Norris, (2011), ‘How Greece Could Escape the Euro’, www.nytimes.com, 10 October. Greece would be in much better shape now if it had never joined the euro zone, or if it had been kicked out in 2004 when it admitted that it had lied about its finances to join the club. So would the rest of Europe. So why not get out now?
Kiguel, Miguel, (2011) ‘Argentina and Greece: More similarities than differences in the initial conditions’, www.voxeu.org, 17 August. A decade ago Argentina was in the midst of a severe economic crisis. This column argues that the episode offers lessons for the Eurozone today. Unless Greece takes major steps to improve its competitiveness and growth prospects, the country has little hope to get out of this crisis.
Roe, Mark, (2012), ‘Greece and the Limits of Anti-Austerity’, www.project-syndicate.org, 19 June. Is austerity dead? At last month’s G-8 meeting at Camp David, the German-led austerity program for the eurozone’s troubled southern members ran up against substantial resistance
Bennhold, Katrin, (2012), ‘What History Can Explain About Greek Crisis’, www.nytimes.com, 6 June. The decision to suspend Greece from the common currency became inevitable when it emerged that Athens had fiddled with the accounts yet again amid chronic economic weakness, forfeiting what credibility in the international arena it still had left.
Gros, Daniel, (2012), ‘The fiscal economics of a Greek exit’, www.voxeu.org, 30 May. If Greece leaves the Eurozone, many expect that it that will be forced to default. This column argues that need not be the case.How much would Greece’s creditors lose if the country were to exit the Eurozone?