Articles on eurozone crisis

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Greek"No" supporters celebrate referendum results. REUTERS/Marko Djurica

What now for Greece and the euro?

The media predictions are dire, but the reality of the Greek monetary crisis may be less sensational.
Greece’s gross domestic product, shown here in 2010 constant dollars, has plunged since 2008. RED St. Louis Federal Reserve Bank and Hellenic Statistical Authority

Greece, like Wahlberg in The Gambler, just needs a friend — and a new currency

On Sunday, the citizens of Greece voted No on the country’s referendum to accept a package of money in exchange for further austerity measures. Now what? Every armchair economist from Iowa to the Aegean…
Outgoing Greek Finance Minister Yanis Varoufakis said he would ‘wear the creditors’ loathing with pride’. Alexandros Vlachos/EPA/AAP

Varoufakis exit is not the game changer the EU needs

Ongoing negotiations between Greece and the troika are likely to prove futile - what's needed is a complete rethink of EU's dualistic system.
Many are ready to call it quits with the euro, but down that road lies nothing good. Reuters

Path to Grexit tragedy paved by political incompetence

An analysis conducted in 2007 showed how severe the consequences would be if a country left the euro. How have eurozone officials let it get this far?
With a temporary EU debt deal done, Greek Finance Minister Yanis Varoufakis must now deliver his economic reform plan. Stephanie Lecocq/EPA/AAP

Greece stares financial apocalypse in the face, and retreats

Crisis postponed. On Friday, Greece, the European Union (EU) and the International Monetary Fund (IMF) brokered a four-month extension of bailout loans to the newly-installed government of Alexis Tsipras…
Partied too hard? Julian Smith/AAP

Australia must prepare for the mother of all hangovers

You know Australia’s in trouble when the Reserve Bank cuts interest rates. Last week, the central bank did precisely that, in belated recognition of the income recession that has struck. Gross domestic…

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