Articles on Eurozone

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Healthcare has borne the brunt of mass cuts. EPA/Simela Pantzartzi

Life under austerity shows why Syriza is fighting it so hard

Greece has undergone significant reforms in the last five years. A look at the effects on the country shows why Syriza's rejection of further austerity is not unreasonable.
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.
Greek finance minister Yanis Varoufakis faces the press after reaching a deal with the Eurogroup. EPA/Olivier Hoslet

Greece will stay in the euro – for now

Greece's loan extension agreement will keep it in the eurozone for the time being, but there's no guarantees it can become a responsible member.
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…
Greece: the mouse that roared? EPA/Simela Pantzartzi

Greece’s path out of the euro

Ever since Greece elected its new Syriza government, there has been growing talk of Greece defaulting on its debt and leaving the eurozone. I’ve been arguing that once Greece achieved a primary budget…
Greek prime minister, Alexis Tsipras: praying for a new debt deal? EPA/Yannis Kolesidis

Lessons from Islamic Finance for a Greek debt swap deal

Greece and its creditors remain locked in a heated debate over how its debt should be financed. The newly elected Syriza government need to renegotiate their current bailout programme, in order to carry…
Syriza have shaken up European solidarity, but it doesn’t have to be a bad thing. EPA/Michael Kappeler

European unity is at stake if a Greek debt deal isn’t reached

The emphatic rejection of disastrous austerity policies by the newly elected Greek government has caused consternation in eurozone capitals. Germany has been particularly strong in dismissing Greek pleas…

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