Persistent misconceptions over the nature of the Greek bail-out play a subtle but key role in sustaining a damaging mythology – and preventing a viable treatment of the crisis.
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
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…
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
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
Marianna Fotaki, Warwick Business School, University of Warwick
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…
Finance minister, Yanis Varoufakis, is struggling to make his case to Greece’s creditors in Germany.
EPA/Kay Nietfield
Tired of dealing with the consequences of austerity, Greece appears to be run by a party inspired by the politics of Homer. Not the Greek Homer, mind you, I refer to the Springfieldian. Some may recall…
Decades ago, before Yanis Varoufakis became the rock-star finance minister of Greece, he and I developed some game-theoretic models of macroeconomics. The gist of the work was this: for monetary authorities…
Looming large: the ECB headquarters in Frankfurt, Germany.
Noppasin/Shutterstock
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…
Yanis Varoufakis, is hoping to appease creditors and voters with his new plan.
EPA/Simela Pantzartzi
Greece’s new coalition government was elected with a mandate to write off most of the €310 billion sovereign debt, with or without the consent of its creditors. In less than a week in power, this position…
The drop in oil prices, and consequently fuel costs, is driving down inflation and helping the Australian economy.
Andy Rain/EPA/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Newly appointed Finance Minister Yannis Varoufakis arrives at the Presidential Palace to be sworn-in under Greece’s new government.
Yannis Kolesidis/EPA/AAP
Since 2009, the economic situation of Greece has helped expose the architecture and policy regime problems of the European Union and the eurozone. On Sunday the Greek electorate rebelled against the self-defeating…
European markets have so far reacted cautiously to Greek anti-austerity party win.
EPA/Juan Carlos Hidalgo
Syriza, in choosing to enter into coalition with the Independent Greeks, is sending a clear message to the Eurozone’s leaders: it is intent on challenging Greece’s debt repayments. So, some form of challenge…
The defining image of the Greek election will surely be the sight of jubilant Syriza supporters in the streets of Athens. In the wake of the far-left coalition’s victory, there is much talk of hope for…