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Articles on European debt crisis

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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.
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.
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…
Finance minister, Yanis Varoufakis, is struggling to make his case to Greece’s creditors in Germany. EPA/Kay Nietfield

Syriza must face facts and take responsibility for Greece’s debt

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…
Newly appointed Finance Minister Yannis Varoufakis arrives at the Presidential Palace to be sworn-in under Greece’s new government. Yannis Kolesidis/EPA/AAP

Yanis Varoufakis: from accidental economist to finance minister

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…

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