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.
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.
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…
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…
By allowing the European Central Bank (ECB) to start buying debt issued by its member states, the eurozone is copying a strategy now associated with the earlier return to growth in the US and UK. Quantitative…
A joke that is often told among European leftists these days portrays the current situation between Germany and Greece quite accurately. An officer at the passport control at Athens airport asks a tourist…
Greece is again making headlines, and markets are concerned the euro crisis is back. Actually, the crisis never left. It is just that for a little while both the authorities and the markets chose to cherish…
Greece is set for a January 25 election after the national parliament failed to elect a new president and already there is an air of crisis in a country that after five years of instability and austerity…