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Greece Austerity

Greece Tipped Over ...

David C. Wittig | Posted 01.13.2017 | Home
David C. Wittig

Greece Tipped Over ... I spoke about "The Greek Tipping Point" in November 2015. At that point Greece was on the brink. As of today, Greece is over...

Returning to Sanity?

David C. Wittig | Posted 10.21.2016 | Home
David C. Wittig

Who would have thought that returning to Greece meant returning to sanity? But then again, who could have imagined two people more despised by the vo...

The Youth Identity Crisis in Greece and How One Village Is Fixing It

Panayioti Yannitsos | Posted 08.08.2016 | Media
Panayioti Yannitsos

A foggy lawyer of tear gas is pierced by an oncoming tank. Students cling to the gates of the polytechnic, pleading to the imposing hoard of soldiers below, "We are your brothers! We are your brothers!" The gates fall, mangled and crushed beneath the merciless tread of tank wheels.

Greece Has a Deal ... of Sorts

David C. Wittig | Posted 06.02.2016 | Home
David C. Wittig

Greece finally passed its long awaited package of reforms, which follows the usual pattern. The Parliament was all too happy to raise taxes and social security contributions, but pension reform and the sale of NPLs is much less clear.

5 Greeks Detail The Biting Cost Of Austerity

The Huffington Post | Danae Leivada | Posted 10.06.2016 | Home

Greece’s parliament this month passed yet another round of austerity measures deemed necessary for it to continue receiving international bailout fu...

There Is No Settlement -- Part ?

David C. Wittig | Posted 05.04.2016 | Home
David C. Wittig

There was no settlement between the EU and Greece before Greek Easter as promised. I wonder how many more times that headline will appear.

Nothing Has Happened

David C. Wittig | Posted 04.08.2016 | Home
David C. Wittig

No, you did not miss my last article; I have not written since January 24, 2016. And no, nothing has happened in Greece since then ... no pension reform, no sales of NPLs, nothing. And, nothing is likely to happen for the foreseeable future.

In Greece, Constitutional Changes Without Constitutional Revision

Antonis Manitakis | Posted 03.15.2017 | Home
Antonis Manitakis

Let us not use the Constitution and its revision as an alibi for political power to conceal its inability to tackle a political problem on political terms. And it is sad to see constitutional changes being used as a firework.

The U.S. Doesn’t Have A Monopoly On Polling Problems

The Huffington Post | Natalie Jackson | Posted 12.23.2016 | Politics

Polling has a record of 1-1 in the 2016 presidential primary contests so far, with a miss in Iowa and success in New Hampshire. Media and pollsters w...

An Optimist Sees Opportunity

David C. Wittig | Posted 01.24.2017 | Home
David C. Wittig

Each New Year seems to bring about a renewed optimism (unfortunately that optimism has already disappeared on Wall Street). Even I am beginning 2016 with the Greece glass half full. The weather is beautiful.

Greeks From All Walks Of Life Unite Against Austerity Measures

The Huffington Post | Alexandra Ma | Posted 01.05.2017 | Home

Farmers in tractors, lawyers in ties, engineers in hard hats and hundreds of other workers across industries united in massive protests around Greece ...

You Can't Argue With a Sick Mind ...

David C. Wittig | Posted 12.29.2016 | Home
David C. Wittig

To understand what is going on in Greece, imagine Bernie Sanders fighting to pass a significant reduction in social security payments in the U.S. in order to continue to prop up a host of insolvent banks.

On the Ground With Volunteers in Lesbos

Sofia Kouvelaki | Posted 12.14.2016 | Home
Sofia Kouvelaki

The numbers and the situation on the field indicate that we are dealing with the biggest demographic change since WWII. The term "migrant" or "refugee" crisis can't explain the complexity of this phenomenon.

Songs of the Doomed

David C. Wittig | Posted 11.23.2016 | Home
David C. Wittig

Greece is being starved to death by a lack of capital. End the starvation, and the economy will turn around very quickly. In this case, starvation is the NPLs. The non-performing loans are strangling the Greek economy.

Yet Another Deadline in Athens

David C. Wittig | Posted 10.09.2016 | Home
David C. Wittig

The situation in Greece is approaching a nuclear meltdown. The economy is in a death spiral. It is hard to imagine how Greece can avoid a haircut for depositors.

Europe's New Economic Divide: A key axis for Europe: free-market advocates in Western Europe ally with those in former communist countries

European Horizons | Posted 09.22.2016 | Politics
European Horizons

By Chris Miller, YaleGlobal, 27 August 2015 New East-West divide? An established welfare state like France, whose President François Hollande is see...

Greece: Caught Between an Economic Rock and a Political Hard Place

Michael G. Jacobides | Posted 09.21.2016 | Politics
Michael G. Jacobides

Yesterday's elections gave Alexis Tsipras an unexpectedly large lead, confounding both the pollsters and most observers' expectations. This was an election won on feelings, not facts. Sven among SYRIZA's own voters, negative views of its handling of the economy failed to dent its lead.

There's A Solution For Greece: But It Won't Happen Tomorrow

Nikos Agouros | Posted 09.21.2016 | Home
Nikos Agouros

We often forget that the Greek problem is Europe's problem. The ongoing debt crisis proves this, and the chaos that the migration and refugee flows have unleashed emphasizes it.

Meet TINA, Greece's New Prime Minister

Sotiris Mitralexis | Posted 09.21.2016 | Home
Sotiris Mitralexis

After his humiliating capitulation in July, PM Alexis Tsipras didn't resort to merely admitting a defeat, but turned his profound U-turn into an ideology.

The End Of Magical Thinking

Pavlos Tsimas | Posted 08.15.2016 | Home
Pavlos Tsimas

Deliverance or calamity, recession-oriented or development-oriented, the "best possible agreement," or the "worst of them all," the new agreement between Athens and its creditors still has an uncertain fate and even more uncertain consequences.

Greece, Lenders Clinch Multi-Billion Euro Bailout Deal

Reuters | Jade Walker | Posted 08.11.2015 | Home

ATHENS, Aug 11 (Reuters) - Greece and its international lenders reached a multi-billion euro bailout agreement on Tuesday after talking through the ni...

27 Powerful Pieces Of Graffiti That Paint Greece's Frustration Amidst Crisis

The Huffington Post | Sara Elkamel | Posted 08.08.2015 | Home

Greece’s debt crisis reached new heights last month as the government in Athens and the country's international creditors engaged in contentious neg...

From Greek to Euro Crisis: How German Ideology Is Destroying Europe's Future

Jakob von Uexkull | Posted 08.03.2016 | Home
Jakob von Uexkull

The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.

After The Bailout Comes The Tax Hikes

Associated Press | Menelaos Hadjicostis | Posted 07.20.2015 | Home

ATHENS, Greece (AP) -- How much did you say? That's likely to have been one of the most common questions in Greece on Monday after a raft of tax in...

After 3 Week Closure, Greek Banks Finally Reopen With Some Restrictions

AP | Jade Walker | Posted 01.16.2017 | Home

ATHENS, Greece (AP) — Greek banks reopened Monday for the first time in three weeks, but strict limits on cash withdrawals and higher taxes on every...