By allowing the European Central Bank (ECB) to start buying debt issued by its member states, the eurozone is copying a strategy now associated with the earlier return to growth in the US and UK. Quantitative…
The polls are pointing to an election victory for the Syriza party in Greece’s election on January 25. The radical left party’s popularity comes from its opposition to the austerity policies that have…
Greece faces a decisive moment on January 25 in a snap election that could see major gains for the extreme left and right. But anyone worried about how Syriza on one side, or Golden Dawn on the other…
The calling of a snap election in Greece for January 25 has been met with great concern in political circles, prompted direct interventions by top European officials and alarmed markets and credit rating…
The Greek economy, after five years of recession, has nearly reached the top of the hill it has been climbing. But there is a real threat that in just a few months it will roll back down again. Like Sisyphus…
The latest round of talks between Greek ministers and the financial institutions managing the largest loan a country has ever taken have just ended in Paris. It might seem odd that the latest talks to…
All eyes are on Greece this weekend for the second legislative election in five weeks. This is no ordinary election: the global implications of the outcome might be significant. Griffith University lecturer…
The answer, even though they see over and over again that austerity leads to collapse of the economy, the answer over and over [from politicians] is more austerity. – Joseph Stiglitz, Asian Financial Forum…
The audit profession has received consistently bad press in recent years. Audit independence, or rather the lack of it, has been blamed as a contributing factor in some of the major corporate collapses…
Kevin Davis, Australian Centre for Financial Studies
Welcome to the latest in our In Conversation series, between risk analyst and author Satyajit Das and Kevin Davis, Research Director of the Australian Centre for Financial Studies. Satyajit Das is an internationally-known…
Harald Sander, Cologne University of Applied Sciences (CUAS)
Greece is rescued, for now…maybe. Perhaps it’s time to move on to the next basket case. So, which of the PIIGS is the next Greece? For the moment, Portugal looks to be the front-runner. The country’s public-debt-to-GDP…
Italian Prime Minister Silvio Berlusconi appears set to become the largest political casualty so far of the Eurozone’s continuing inability to resolve its massive sovereign debt problems. Berlusconi, who…
The Greek Prime Minister will resign in an effort to save the bailout deal agreed by the European Union to dig the country out of its debt crisis. George Papandreou agreed to go following talks with the…
Greece’s cabinet has given unanimous backing to Prime Minister George Papandreou’s plan for a referendum on the government’s austerity program. Papendreou emerged from talks with fellow EU leaders at the…
Another round of violent protests erupted in Greece last week, following the latest austerity cuts to public service jobs and pay. Meanwhile, the creeping consequences of austerity measures are beginning…
Will Greece default and exit the Eurozone? The best-case scenario is a managed, orderly, partial default with the European Financial Stability Facility (EFSF), a fund created in 2010 to manage Eurozone…
European leaders signed off on a second, 109 billion euro bailout for Greece overnight, while also establishing what has been described as an “infant monetary fund” to intervene if the bloc’s sovereign…
As Margaret Thatcher’s trade minister in the 1980s, Norman Tebbit devoted much of his time to dealing with the European Community – the precursor to the European Union. Routinely, at meetings in Brussels…