How to explain Greece’s bailout puzzle?
Greece puzzle via www.shutterstock.com
No one seems to really believe the latest bailout plan will work without debt relief. But the only way to get Greece to adopt essential reforms is to pretend it isn't in the cards.
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
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.
A Greek tragedy.
Greece by Shutterstock
Being poor doesn't make you a bad parent but families need protective factors to counter the negative ones.
Greece takes its medicine.
One thing is clear: if you need bailing out, your voters no longer matter.
Held by the throat.
A punitive deal which makes life hard for the Greek people and which sets dangerous precedents for the eurozone.
Will Greece’s asset fund turn into an investing piggy bank or another lost opportunity?
Piggie bank via www.shutterstock.com
Greece must sell €50 billion worth of government assets as part of its latest bailout. It could very well go wrong.
Angela Merkel chose domestic politics over foreign policy, and the results could be disastrous.
Since the 1990s, the EU has been less about social integration and more about neo-liberal values.
Unfortunately, the eurozone doesn’t exactly fit together like a puzzle.
Euro puzzle via www.shutterstock.com
The last-minute bailout deal will keep Greece in the common currency, but at a cost of the dream that was the euro.
The Greek debt crisis is a complex economic and political issue. Here are five important points for understanding it better.
While constructive Greek proposals are now a prerequisite to resolution, the eurozone must also reform itself.
Cash: not to be taken for granted.
The euro remains fatally fragile so long as the eurozone lacks a mechanism for forgiving debt.
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
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…
The new agora?
Talk on the street is that nothing short of revolution will do after the referendum.
Standing in line.
Greek banks are running out of options, as cash reserves dwindle in lieu of more ECB emergency funding.
Varoufakis said he resigned to help the negotiations.
Greek Finance Minister Yanis Varoufakis, who led a failed strategy to change the terms of Greece's bailout, resigned Monday.
Celebrations in full swing after the No vote.
The referendum is a victory against the political class that has driven Greece to the brink, and the eurocrats who refused to help.
Greece’s creditors now gather to decide the country’s fate.
Syriza and the Greek people may have won a victory against austerity, but their fate is largely out of their hands.
Syriza’s successful Oxi (No) campaign was a symbolic victory that will have little lasting impact.
Heralded and mourned as historic, the so-called Greferendum was more about the survival of the Greek government and Syriza than anything else.
No voters celebrate but many questions remain.
Greece has voted resoundingly against the bailout terms set by the IMF in a historic referendum.