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How Tsipras Squandered Greece's Opportunity

Joschka Fischer | Posted 04.30.2015 | World
Joschka Fischer

BERLIN -- Tsipras squandered Greece's opportunity, because he and other Syriza leaders were unable to see beyond the horizon of their party's origins in radical opposition activism. They did not understand the difference between campaigning and governing. Realpolitik, in their view, was a sellout. Of course, it is precisely the acceptance of necessity that marks the difference between government and opposition.

Germany's Failed Austerity Policies

Harlan Green | Posted 04.17.2015 | Business
Harlan Green

One would think by now the debate has been resolved on which economic model created a better recovery from this Great Recession or Lessor Depression, as P Krugman has called it.

Why Reform Will Fail in Greece

Theodoros Arapis | Posted 04.14.2015 | World
Theodoros Arapis

Five years into Greece's fiscal emergency, the Troika is justifiably skeptical about this week's make-or-break negotiations with Athens. Its leaders have heard these commitments before. For Syriza, this will be its most important test.

Why Europe's Deflation is Everyone's Problem

Helen I. Hwang | Posted 04.14.2015 | Politics
Helen I. Hwang

Deflationary forces have been kicking up turbulence in Europe, prodding eurozone leaders to finally embrace quantitative easing (QE) as a way to drive economic growth.

Why Europeans Are Trying to Burn Down Their Central Bank

Mark Dawson | Posted 04.13.2015 | World
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 Debt: Do the Right Thing

Dimitri B. Papadimitriou | Posted 03.18.2015 | World
Dimitri B. Papadimitriou

In Greece, any meaningful change in debt terms needs to be part of a wider plan that deals with the underlying structural imbalances of the eurozone, just as a comprehensive plan was necessary for post-World War II European prosperity.

Next Up, Podemos in Spain: European Officials Will Have to Change Course

Mark Weisbrot | Posted 03.13.2015 | World
Mark Weisbrot

Greece's Syriza party has put its foot down to demand an end to the troika's agenda, and now Spain's Podemos party has risen even more quickly than Syriza to join them. This is what democracy looks like -- even the rigid, unaccountable structure of the eurozone will not be able to stop it from spreading.

Breaking: Greece Threatened 'Feta Dump' During Bailout Crisis

David Shayne | Posted 03.05.2015 | Comedy
David Shayne

Inside sources report Greek Finance Minister Yanis Varoufakis resorted to hostile threats last month as bailout negotiations with the country's creditors faltered.

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

Kyriakos Mitskotakis | Posted 04.30.2015 | 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 04.29.2015 | 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 04.26.2015 | 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 04.26.2015 | 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 04.25.2015 | 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 04.19.2015 | 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 04.20.2015 | 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 04.20.2015 | 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 04.14.2015 | 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 04.16.2015 | 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 04.12.2015 | 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 04.12.2015 | 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 04.09.2015 | 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 04.07.2015 | 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 04.07.2015 | 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 04.05.2015 | 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.