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Eurozone

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

Kyriakos Mitskotakis | Posted 02.28.2015 | World
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.

The Buck Stops Here: Greece Is Fighting to Save Europe

Mark Weisbrot | Posted 02.27.2015 | Politics
Mark Weisbrot

Citizens of the eurozone countries didn't know when they formed the monetary union that they were not only losing their sovereign and democratic rights to control their most important macroeconomic policies. They had also ceded this power to people with an anti-social-Europe agenda. Now Greece is trying to get some of that democracy back.

Syriza's First 'Defeat' -- What Does It Mean?

Thanos Dimadis | Posted 02.24.2015 | World
Thanos Dimadis

For the moment what matters for the vast majority of Greek people is that for the first time they feel they have a government which, despite its compromises, has proved that it made its best effort to bring Europe back to the table for a fair and equal negotiation about the terms of the Greek bailout program.

9 Places That Are Surprisingly Cheap This Year

SmarterTravel | Posted 02.26.2015 | Travel
SmarterTravel

Call it the year of the bucket list. A strong dollar in destinations around the world is making this an amazing time to go farther and do more for much, much less in 2015.

Grexit for the Good of the Eurozone

Russell Green | Posted 02.23.2015 | World
Russell Green

If the Greeks leave the Eurozone, it would be awful. Both Greece and the remainder of the euro area would experience damaging volatility and uncertainty. But "Grexit" does not have to be all bad.

IOU 240 Euros, It's My Problem; IOU 240 Billion Euros, It's Your Problem!

Terry Connelly | Posted 02.18.2015 | Business
Terry Connelly

The first thing to know is that nobody should sell or buy a lot of US stocks or bonds because of the unfolding late-inning melodrama between the new g...

The Economic Ruination of Greece

Harlan Green | Posted 02.18.2015 | World
Harlan Green

Its unemployment rate is 25.8 percent, the worst in the eurozone (slightly more than Spain's 23.7 percent), as it has been in a deflationary spiral, further depressing its economic activity.

Into the Crystal Ball: Travel Trends for 2015

Dane Steele Green | Posted 02.18.2015 | Travel
Dane Steele Green

Predictions are a fool's game, particularly in travel, where fads come and go on the winds of a good PR campaign or viral video. So let us forget about fads and talk about trends, those subtler and more substantial shifts in the paradigm that prove to be the game changers.

Greece To Request Bailout Extension

AP | NICHOLAS PAPHITIS and ELENA BECATOROS | Posted 02.18.2015 | World

ATHENS, Greece (AP) — Finance Minister Yanis Varoufakis sounded cautiously optimistic Wednesday of achieving a last-minute deal with Greece's Europe...

Is Greece Europe's Core Problem?

Thanos Dimadis | Posted 02.13.2015 | World
Thanos Dimadis

While the European project is struggling to remain afloat through the destructive, vicious circle of austerity and dogmatic monetary policy choices th...

Averting a European Tragedy: Why President Obama Has Gotten It Right

Phil Angelides | Posted 02.15.2015 | World
Phil Angelides

The president's forceful messages recognize that the crisis at hand is about much more than one nation's membership in the EU, but rather about protecting a global economy still fragile from the effects of the financial crisis and ensuring the strength of the Western alliance in these times of increasing peril.

Why Greece's Call for WWII Reparations From Germany Is a Very Bad Idea

Sylvie Goulard | Posted 02.10.2015 | World
Sylvie Goulard

No responsible leader worthy of the title should take the risk of threatening the peace which has reigned since the end of the Second World War.

Angry Greeks Threaten to Halt European Juggernaut

Doug Bandow | Posted 02.10.2015 | World
Doug Bandow

A breakdown of the European bailout program might make a Greek exit from the euro ("Grexit") the only feasible option. And the popular revolt against outsiders dictating economic policy creates a huge new roadblock to attempts to expand Brussels' power over EU members.

The Bernanke-Yellen Recovery

Harlan Green | Posted 02.09.2015 | Business
Harlan Green

This is something that Germany, instigator of the eurozone's austerity policies, has to learn if it wants to bring Europe out of its Second Great Depression; by supporting policies that will unite Europe into a greater union, rather than cause its disintegration.

13 Questions: About Greece, Europe, Austerity -- And Us

Richard (RJ) Eskow | Posted 02.05.2015 | Politics
Richard (RJ) Eskow

Every day brings more headlines in the European debt drama: "Greece elects anti-austerity government." "Greek Finance Minister says he won't negotiate with the 'Troika.'" "Anti-austerity movements gain ground across Europe." What's behind these stories? What does the future hold? Are there any implications for the U.S.? Here's an overview of the situation as it currently stands.

Greek Finance Minister's Debt Diplomacy Hits A Wall In Germany

AP | By GEIR MOULSON and NICHOLAS PAPHITIS | Posted 02.05.2015 | World

BERLIN (AP) — A whistle-stop tour of European capitals netted Greece's finance minister few, if any, concessions over the country's debt — but the...

What Is the Real Greek Morality Tale?

Joseph E. Stiglitz | Posted 02.03.2015 | World
Joseph E. Stiglitz

Does anyone in their right mind think that any country would willingly put itself through what Greece has gone through, just to get a free ride from its creditors? If there is a moral hazard, it is on the part of the lenders -- especially in the private sector -- who have been bailed out repeatedly.

Will Greece's New Government Be a Western Mouthpiece for Putin?

Takis Michas | Posted 02.02.2015 | World
Takis Michas

ATHENS -- Syriza's new geopolitics have won it many friends in Moscow. Moscow reciprocated to the Greek government's statements opposing the embargo by praising Greece for its "democratic attitude," while Russian Foreign Minister Sergey Lavrov immediately invited his Greek counterpart to Moscow.

Austerity for the Other Guy

Leo W. Gerard | Posted 02.02.2015 | Politics
Leo W. Gerard

The people of Greece rebelled last week against the perverse notion that they should continue to endure biting austerity in a vain attempt to cure a condition that they are not solely responsible for creating. Sounds familiar, right?

Greece Strikes a Blow to Austerity. What Happens Now?

Lynn Parramore | Posted 01.30.2015 | World
Lynn Parramore

In the following interview, Mario Seccareccia, a professor of economics at the University of Ottawa, talks about why what happened to Greece was entirely predictable, why the Greeks were right to reject austerity in the recent election, and what challenges the country faces in forging a sustainable path forward with the left-wing Syriza party at the helm.

This Video Shows The Terrible Cost Of Youth Unemployment In Europe

The Huffington Post | Charlotte Alfred | Posted 01.27.2015 | World

Across Europe, a new generation is trying to enter the workforce to no avail. Youth unemployment skyrocketed across the continent in the aftermath ...

What You Need To Know About Alexis Tsipras

HuffPost Greece | Katerina Prifti | Posted 01.27.2015 | World

Alexis Tsipras, the leader of the Greek Coalition of the Radical Left -- best known by its acronym, Syriza -- is the focus of attention in Europe afte...

Tsipras Promises A New Greece

Sophia Papaioannou | Posted 01.26.2015 | World
Sophia Papaioannou

We are a proud and hard-working people who saw our lives change abruptly, with the introduction of strict austerity measures. The new Prime Minister is promising to change all that.

Why Stupid Politics Is the Cause of Our Economic Problems

Joseph E. Stiglitz | Posted 01.26.2015 | World
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.

Greek Smoke and Mirrors

Michael G. Jacobides | Posted 01.26.2015 | World
Michael G. Jacobides

The fact that the sums don't really add up has not mattered much to voters, who seem to have bought Syriza's argument that everything would be rosy if only austerity were curtailed and Germans softened their stance.