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Eurozone Crisis

The High Cost of Transforming Europe: Why Europe Stumbled

Mark Weisbrot | Posted 06.08.2016 | Home
Mark Weisbrot

It is important to remember what the European Central Bank (ECB) was doing when the "debt crisis turned into a liquidity panic."

Challenging Republican Premises: On the Cutting of Taxes

David Coates | Posted 10.04.2016 | Home
David Coates

These Republicans (Trump included) seem totally in agreement that progressive taxation is less effective than light taxation; that it is the scale of public spending and debt which is holding back economic growth, and that it is the burden of taxation to sustain that spending which currently is the key barrier to the generation of private sector-based enterprise and employment.

The Future of Europe: the Eurozone Takes over - Stronger Integration.

Joergen Oerstroem Moeller | Posted 09.29.2016 | Home
Joergen Oerstroem Moeller

Europe is adapting to new challenges by reforming its political system and economic model. It strives hard to remain faithful to all that Europe stands for purified by the purgatory over centuries. Getting to where it is now Europe has not followed a straight line.

Why Greece, Europe and the West Need Meimarakis

Marco Vicenzino | Posted 09.15.2016 | Home
Marco Vicenzino

As Greece embarks on its third poll in nine months, political and economic uncertainty prevails. For seven months, former Prime Minister Alexis Tsipras engaged in reckless brinksmanship with Europe.

Solidarity or Self-interest? European Integration and the German Question

David Miles | Posted 08.21.2016 | Home
David Miles

The challenge for the European Union and its member states, particularly Germany, is in balancing the often incongruous demands of co-operation and self-interest, and thus demonstrate to their own citizens that concrete achievements can still create a Europe of solidarity and prosperity as Schuman envisaged.

Greece, France and Germany: Three Losers in One Negotiation

Justine Frangouli-Argyris | Posted 07.15.2016 | Home
Justine Frangouli-Argyris

Of course, no winners would emerge from this titanic battle. Not even the concept of a unified Europe, as we have come to know it, with the idea of a democratic, united continent shattered by the overwhelming dominance of conservative German hegemony.

Germany's Economy Is Doing Just Fine Amid This Whole Greek Crisis

The Huffington Post | Alexander C. Kaufman | Posted 12.28.2016 | Home

NEW YORK ― Germany can breathe a little easier over the Greek debt crisis. Standard & Poor’s affirmed the country’s AAA credit rating on Friday ...

Tsipras' Victory Is Greece's Loss

Marco Vicenzino | Posted 07.07.2016 | Home
Marco Vicenzino

The outcome of Greece's referendum represents a personal triumph for Prime Minister Alexis Tsipras and a political victory for his Syriza party. He galvanized and consolidated his political base, and potentially even expanded it. However, the poll results also marked a loss for Greece.

Daniel Marans

U.S. At Odds With Germany Over Greek Debt Crisis | Daniel Marans | Posted 07.07.2015 | Home

The ongoing Greek debt crisis is pitting the United States against its German ally, as the U.S. pushes for a solution that keeps Greece in the eurozon...

Jenny Che

Former Greek Finance Minister Dubbed 'Minister Of Awesome' | Jenny Che | Posted 07.07.2015 | Home


Not without Greece

Montserrat Domínguez | Posted 07.06.2016 | Home
Montserrat Domínguez

The Greeks have defied fear. But how will the European governments deal with their own fears? Specifically, how will they react to the possible light-speed contagion of Syriza's rebelliousness in Spain, Portugal and Italy?

Time For Change At The IMF

David Singh Grewal | Posted 07.05.2016 | Home
David Singh Grewal

The Greek crisis has made it painfully clear that the International Monetary Fund (IMF) needs a change at the top -- and that the U.S. must use its privileged position as the IMF's biggest contributor to insist on it.

A Careful Look at Greece's Options and Why Yes Is the Only One

Costas Meghir | Posted 07.03.2016 | Home
Costas Meghir

Understanding the consequences of leaving the Euro has to be analyzed in two separate parts: first the consequences during the transition to the drachma and second the long-term outlook for the Greek economy with its own currency. The transition is, of course, hugely important.

Daniel Marans

This Is What The End Of European Democracy Looks Like | Daniel Marans | Posted 07.03.2015 | Home

Underlying the question of whether European leaders and the Greek state will be able to come to terms amid the financial crisis is one even more funda...

The End of the European Canon

Lucia Annunziata | Posted 07.01.2016 | Home
Lucia Annunziata

It may not be a breakdown, but it is undoubtedly an unveiling: Europe is abandoning its State of Grace, its Olympus of Rules, and doing something that in the language of international politics is brutally labeled "meddling."

This Is The Sad State Of Greece's Economy, And Now Things May Get Worse

The Huffington Post | Charlotte Alfred | Posted 06.30.2015 | Home

Greece's grueling austerity program lies at the heart of disagreements between the country's left-wing government and international creditors over bai...

Let Greece Leave the Eurozone

Ivan Eland | Posted 06.30.2016 | Home
Ivan Eland

Greece has long been irresponsible financially -- originally having excessive pensions, early retirement ages, an over-regulated and corrupt economy, 20 percent of the workforce in the employ of a bloated government, and uneven tax collection.

Between Default and Reform: The Night and Day Options for the Greek Economy

Costas Meghir | Posted 06.24.2016 | Home
Costas Meghir

The obvious alternative to the catastrophe that the government is contemplating is to implement real structural reforms. This would first require a deal with the creditors to keep Greece afloat.

Greece, the IMF, and Ukraine

Nancy K. Humphreys | Posted 06.17.2016 | Home
Nancy K. Humphreys

Are you wondering why the IMF is standing by Ukraine against Ukraine's creditors, while the IMF is refusing to extend even a smidgeon of an olive branch to Greece?

Daniel Marans

Lovable Austerity: Greeks Say Cutting Military Spending Further 'Is A Pleasure For Us' | Daniel Marans | Posted 06.16.2015 | Home

Speaking to reporters in Washington on Tuesday, Yiannis Bournous, the head of international affairs for Greece’s ruling Syriza party, heartily endor...

Why Europeans Are Trying to Burn Down Their Central Bank

Mark Dawson | Posted 06.13.2015 | Home
Mark Dawson

BERLIN -- Great crises often produce enduring images. For the Israeli-Palestinian conflict, this has often been a terrified child cowering behind protective parents; for 9/11 it was brave firemen rushing headlong into collapsing buildings. Last month saw what could become one of the lasting images of Europe's unending crisis: the sight of burning cars and buildings after riots outside the European Central Bank.

Greek Defense Minister: If Greece Leaves Eurozone, Spain And Italy Would Be Next

Reuters | Posted 03.13.2015 | Home

BERLIN, March 14 (Reuters) - If Greece were to leave the eurozone, Spain and Italy would also end up quitting the common currency bloc, Greek Defense ...

Looking Back at Tsipras's Lost Opportunities and Forward to Greece's Future

Kyriakos Mitskotakis | Posted 04.30.2015 | Home
Kyriakos Mitskotakis

Europe, now more than ever, needs a persuasive alternative to counter the German insistence on austerity. Instead, Tsipras decided to partake in some shadowboxing for the viewing pleasure of the Greek public.

Why Stupid Politics Is the Cause of Our Economic Problems

Joseph E. Stiglitz | Posted 03.28.2015 | Home
Joseph E. Stiglitz

The near-global stagnation witnessed in 2014 is man-made. It is the result of politics and policies in several major economies -- politics and policies that choked off demand. In the absence of demand, investment and jobs will fail to materialize. It is that simple.

7 Key Points to Understanding the Greek Elections

Pavlos Tsimas | Posted 03.24.2015 | Home
Pavlos Tsimas

The upcoming elections in Greece are undeniably a global event, whose importance transcends Greece's borders.