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Greek demonstrators protested as its government voted to accept the latest austerity conditions. Greece would have been better off exiting the Eurozone. AAP/New Zulu/Gael Michaud

Greece’s best chance of escaping economic misery was a ‘Grexit’

If Greece exited the Eurozone it would face several years of economic chaos. But it would be the master of its own destiny. The current EU offer will further destroy the Greek economy.
Under pressure to do a deal: Alexis Tsipras. EPA/Jerry Lampen

Tsipras may have just done the best deal possible for Greece

Backed into a corner as the banks reached the brink, the Greek prime minister may have fashioned some sort of success, and the prospect of something approaching debt relief a little down the line.
The No vote won it. EPA/Armando Babani

Greece votes No: experts respond

Academic experts respond to the No vote in Greece's referendum on whether or not to accept a bailout offer from their international creditors.
Alexis Tsipras' visit to Moscow this week drew a terse response from Angela Merkel, but no deal has been announced. Alexey Nikolsky/Ria Novosti/Kremlin Pool/EPA/AAP

Greece will survive another D-Day – no thanks to Russia

As Greece wastes time seeking war repatriations to help cover its debts, a better solution would be debt forgiveness - with conditions.
Looming large: the ECB headquarters in Frankfurt, Germany. Noppasin/Shutterstock

As its power grows, is the ECB overstepping its mandate?

The European Central Bank (ECB) symbolises the strange mix of politics and technocracy that marks EU governance. The bank was pushed to centre stage by the eurozone debt crisis and the unwillingness or…
The Greek Harry Potter? Sotiris Barbarousis/EPA

Explainer: why the Greek election is so important

This Greek election is the most important in recent memory. It appears Syriza has won by a large margin, ending four decades of two-party rule in Greece. Since 2010 – and as a result of austerity measures…
Will Mario Draghi, president of the European Central Bank, continue with its disastrous policy history? EPA/Boris Roessler

ECB is about to implement the wrong type of quantitative easing

As investors anxiously await the announcement from the European Central Bank about whether the eurozone will implement quantitative easing (QE), we can tell from the ECB’s track record that it is very…
How much longer will both flags fly over the Acropolis? Reuters

Grexit déjà vu: is Europe really ready to let its Grecians go?

For faithful followers of the European economy, it feels like déjà vu all over again. Turmoil in Greece is raising doubts about the country’s continued membership in the eurozone. The specter of a “Grexit…
Help needed. ilolab via Shutterstock

The eurozone needs a new treasury to revive it

The crisis of growth in the eurozone economy is now in its seventh year and the outlook is truly grim. But a new consensus is gradually emerging that could help lift euro countries out of this ongoing…

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