How to explain Greece’s bailout puzzle?
Greece puzzle via www.shutterstock.com
No one seems to really believe the latest bailout plan will work without debt relief. But the only way to get Greece to adopt essential reforms is to pretend it isn't in the cards.
Greek demonstrators protested as its government voted to accept the latest austerity conditions. Greece would have been better off exiting the Eurozone.
AAP/New Zulu/Gael Michaud
If Greece exited the Eurozone it would face several years of economic chaos. But it would be the master of its own destiny. The current EU offer will further destroy the Greek economy.
A Greek tragedy.
Greece by Shutterstock
Being poor doesn't make you a bad parent but families need protective factors to counter the negative ones.
When the International Monetary Fund (IMF) criticises the European Union’s policies toward Greece as too harsh and threatens not to co-operate, we should pay attention. The IMF, after all, has developed…
Greece takes its medicine.
One thing is clear: if you need bailing out, your voters no longer matter.
Grecians have made it clear how they feel about Golden Dawn: get out.
Greece protest via www.shutterstock.com
Some, including Greece's ex-Finance Minister Varoufakis, have warned that the bailout's austerity will strengthen extremist parties like Golden Dawn. They're wrong.
Two faced? More tragedy than comedy in this Greek drama.
The draconian deal imposed by the Eurogroup is worse than a reparations settlement imposed on a defeated enemy.
Greek Finance Minister Euclid Tsakalotos and IMF head Christine Lagarde.
Greece can learn a lot from Africa's 1980s and 1990s experience of living with structural adjustment (austerity). The damage has been long-lasting – not only on economies, but also directly on people.
Held by the throat.
A punitive deal which makes life hard for the Greek people and which sets dangerous precedents for the eurozone.
Will Greece’s asset fund turn into an investing piggy bank or another lost opportunity?
Piggie bank via www.shutterstock.com
Greece must sell €50 billion worth of government assets as part of its latest bailout. It could very well go wrong.
Angela Merkel chose domestic politics over foreign policy, and the results could be disastrous.
Since the 1990s, the EU has been less about social integration and more about neo-liberal values.
Unfortunately, the eurozone doesn’t exactly fit together like a puzzle.
Euro puzzle via www.shutterstock.com
The last-minute bailout deal will keep Greece in the common currency, but at a cost of the dream that was the euro.
Greek prime minister Alexis Tsipras’ negotiating tactics have lost Greece the trust of European members.
The bail-out package that Greeks rejected is essentially back. The chaotic process that led to it has lost Greece the trust of the eurozone.
Hitting the wall. Greece’s future is still in the balance.
What might feel like a victory this morning for eurozone leaders and lenders has only served to feed a eurosceptic beast.
Under pressure to do a deal: Alexis Tsipras.
Backed into a corner as the banks reached the brink, the Greek prime minister may have fashioned some sort of success, and the prospect of something approaching debt relief a little down the line.
The Greek debt crisis is a complex economic and political issue. Here are five important points for understanding it better.
While constructive Greek proposals are now a prerequisite to resolution, the eurozone must also reform itself.
Greek"No" supporters celebrate referendum results.
The media predictions are dire, but the reality of the Greek monetary crisis may be less sensational.
Cash: not to be taken for granted.
The euro remains fatally fragile so long as the eurozone lacks a mechanism for forgiving debt.