Articles on Greece

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Greece: not just riots and unemployment. flikr/Imagaday

Europe’s latest investment opportunity … Greece

The IMF has conceded that mistakes were made in the way the first Greek bailout in May 2010 was handled. Its report suggests the need to refine the fund’s lending policies to accommodate for conditions…
The plans of far-right Greek political party Golden Dawn to visit Australia have caused much consternation in the local Greek diaspora communities. EPA/STR

Golden Dawn: Greek fascists come Down Under

Melbourne has long been known as one of the biggest cities for Greek diaspora in the world, and the “world’s most liveable city” is fast becoming the latest battleground for the swelling fascist movement…
Fair contest: should we tinker with the rules in a free market? AAP

The AFL’s lesson for the global economy: changing the rules works

We all know the global economy is down the toilet. Even if we overlook the financial debacle in Greece, Spain, Iceland, Ireland – and that’s not easy – the big problem is Uncle Sam. Currently, the US Government…
Will super Mario Draghi, President of the European Central Bank, come to the Eurozone’s rescue? AAP

It will take courage to end the Eurozone crisis

Today Eurozone leaders will meet in Brussels. On the agenda is nothing less than the survival of the euro. Officially, it is about Spain: Spain’s economic and financial woes show the urgency. Moody’s drastically…
Greece’s New Democracy party leader Antonis Samaras has gained sufficient votes to form a coalition - but there is a long way to go for Greeks yet. AAP

Greece stays with austerity, but scenarios abound

Greece’s New Democracy leader Antonis Samaras begins the task of building a coalition after emerging as the front runner to form a government. Reports indicate New Democracy has narrowly beaten leftist…
In the aftermath of the Greek elections, there have been renewed calls to accompany austerity measures with pro-growth policies.

Austerity and growth: trying to make sense of a contradiction

Having read that the outcome of the Greek elections points to a continuation of the push for fiscal austerity in that country, my heart sunk. Then I see that our own Prime Minister has been quoted as telling…
Greece’s citizens are faced with an unenviable choice. EPA/Orestis Panagiotou

Greece’s choice: bargaining versus pleading

When two sides bargain, their interaction reflects a potential mutual benefit but also a measure of conflict. For instance, when a firm and its supplier reach a deal, there is often more than one price…
Worst hit by the Asian financial crisis in 1998, Indonesia’s economy has returned to pre-crisis growth rates. What lessons are there for Greece? Flickr/Cillian Storm

Can Greece learn from the story of Indonesia in the Asian financial crisis?

European financial woes are mounting daily is what some have called the biggest economic challenge of our generation. However, just over a decade ago an even larger financial crisis was unfolding in Australia’s…
Alexis Tsipras, leader of the Coalition of the Radical Left (Syriza) party, has proposed the cancellation of Greece’s agreements with the European Union and the IMF. AAP

With Europe at debt’s door, the future hinges on Greece’s election result

All eyes are on Greece this weekend for the second legislative election in five weeks. This is no ordinary election: the global implications of the outcome might be significant. Griffith University lecturer…
Alexis Tsipras will lead Syriza to the polls on June 17. EPA/Orestis Panagiotou

Greek elections: the heart of contradiction

To free the age from its captivity, To create a brand new world, The discordant, tangled days Must be linked, as with a flute. –Osip Mandelstam, The Age (1923) There is an air of impending disaster in…
Austerity’s political cheer squad: but is the game over? G8 countries have committed to growth by setting sights on employment.

Why do our world leaders cling to the dismal politics of economic austerity?

The lingering commitment to austerity of leading Western politicians in the face of impending economic tragedy is beyond belief. The dismal science is a sobriquet often wrongly applied to economics, but…
Generation Nothing: Spanish protestors against austerity in Cadiz. Aleksandra Hadzelek

Spain: dispatches from the frontline of the indignados movement

This week marked the first anniversary of the 15-M movement, a precursor of Occupy movements worldwide. 15-M again mobilised its supporters for a 4-day long program of street protests culminating in a…
Euro group chairman Jean Claude Juncker: “This is nonsense; this is propaganda.”

Greeks to go back to the polls - and back on the edge

“I don’t envisage, not even for one second, Greece leaving the euro area. This is nonsense; this is propaganda.” That’s Jean-Claude Juncker, Prime Minister of Luxembourg, chairman of the Eurogroup, speaking…
Syriza leader Alexis Tsipras would like to seek Greece withdraw from the Eurozone. EPA/Simela Pantzartzi

Is the end of austerity the end for Europe?

Ten days ago, the political landscape in Europe changed profoundly. Greece voted in the main to elect parties from the far right and far left who are opposed to austerity, and France elected a socialist…
With Greek leaders still unable to form government more than five days after the election, the prospect of Greeks returning to the polls is strengthening.

Plus ça change: Europe wipes its leaders off the electoral map

The democratic executions of Nicolas Sarkozy in France and Lucas Papademos in Greece means the body count of European leaders guillotined by angry electorates has risen to 12. Sarkozy and Papademos join…
Greek citizens took their frustration out on the ballot box this weekend. EPA/Orestis Panagiotou

Elections in Europe an assault on the austerity doctrine

The answer, even though they see over and over again that austerity leads to collapse of the economy, the answer over and over [from politicians] is more austerity. – Joseph Stiglitz, Asian Financial Forum…
In Ethiopia, the short food supply chain has enabled consumers and food growers to have a direct relationship with each other. Benjamin Shepherd

Sustainable food supply chains: what we can learn from Greece and Ethiopia

Poverty is definitely not some bucolic ideal that we should romanticise. It is ugly, brutal and should be fought against. But there are lessons from the poor that we, in affluent (and frequently complacent…
Satyajit Das: “I think the democratic process and the politics of the world relies on a very fragile construct. One is trust. And trust relies on economic growth.” Supplied

Satyajit Das: Europe will have far-reaching consequences for everybody

Welcome to the latest in our In Conversation series, between risk analyst and author Satyajit Das and Kevin Davis, Research Director of the Australian Centre for Financial Studies. Satyajit Das is an internationally-known…

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