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…
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…
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…
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…
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…
There is something rather appropriate about Greece being at the centre of the European Union’s growing political and economic crises. Greece, after all, is the historical home of democracy and foundation…
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…
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…
In 2010, the Greek economy entered a deep, structural and multi-faceted crisis, the main features of which were a large fiscal deficit, huge public debt and the continuous erosion of the country’s competitive…
Thousands of Greeks poured into the streets of Athens to rejoice Syriza’s win and to crown its leader, Alexis Tsipras, as Greece’s next prime minister. Most of them were the same people who, five years…
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…
The European Central Bank’s decision to spend 60 billion euro a month to buy sovereign debt in order to fight deflation and revive the crumbling eurozone coincides with a snap Greek parliamentary election…