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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…
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…
Playing with fire? Michael Kappeler/EPA/AAP

The next card Yanis Varoufakis will play

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…
EPA/Orestis Panagiotou

Greece: many questions, few answers

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…
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…
European markets have so far reacted cautiously to Greek anti-austerity party win. EPA/Juan Carlos Hidalgo

Greece: a collision with lenders would be disastrous for growth

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…

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