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Greece Debt

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...

Is Anybody Hearing About the Problems of Young Greeks?

Kelly Fanarioti | Posted 10.03.2016 | Home
Kelly Fanarioti

For one more time Greece is a champion at unemployment as according to figures released by Eurostat, the percentage of young people without job is 50.3 %.

Getting Real About Greece: It's The Figures, Stupid!

Michael G. Jacobides | Posted 09.23.2016 | Home
Michael G. Jacobides

This month the Greek supreme court has allowed public prosecutors to bring the former president of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou, to court to face charges of damaging the national interest for a second time - he was acquitted at the first attempt.

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.

Yanis Varoufakis' Awkward, Terrible Yet Valid Criticism Of Europe

Daily Pnut | Posted 05.09.2016 | Home
Daily Pnut

I've spent a great deal of time over the past year observing (and playing backseat driver to) the Greek Crisis. So when Greece's polarizing former fin...

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.

Greece’s Seniors Reveal The Harsh Truth About Nation’s Pension Crisis

HuffPost Greece | Alexandra Ma | Posted 02.16.2016 | Home

On the verge of a drastic reform of the social security system, the Greek parliament is expected to vote this month on a new round of pension cuts. G...

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.

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.

Europe Disingenuously Ignores Human Rights in Greece

Nicos E. Devletoglou | Posted 10.30.2016 | Home
Nicos E. Devletoglou

Unless these frightening measures are eased, a social upheaval, triggered by exponential rises in unemployment, will continue undermining for the foreseeable future the entire spectrum of human rights in Greece.

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 | Home
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...

The Greece Polls Were Wrong Again

David C. Wittig | Posted 09.21.2016 | Home
David C. Wittig

Syriza remains almost as popular, despite a confusing message. Is Syriza in favor of the agreement with the EU? They say, "Yes," but they recommended a "No" vote in the referendum. They seem to be doing very little to comply with the EU agreement.

Greece's Election in the Time of Consent

Pavlos Tsimas | Posted 09.17.2016 | Home
Pavlos Tsimas

Whatever the electoral result, one may hope that the next government will at least be able to converse with the opposition, whoever ends up being in the former or latter position.

Greek Election Day Minus 4

David C. Wittig | Posted 09.17.2016 | Home
David C. Wittig

Athens is eerily quiet. The restaurants are half-full. If it were not for a few lingering tourists, the restaurants would be empty. Even the Nike store in Kolonaki closed in the last two weeks (in the interest of full disclosure the store was not owed by Nike, it was operated by Folli Follie).

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...

Greece Bailout Draft Boosts Hopes For Deal Within Days

Reuters | Andrew Hart | Posted 08.08.2015 | Home

By George Georgiopoulos ATHENS, Aug 8 (Reuters) - Greek government officials discussed a draft of the country's third bailout agreement drawn up on th...

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.

Europe's Misguided Perception of Greece Is a Growing Threat to Progress

Nicos E. Devletoglou | Posted 08.03.2016 | Home
Nicos E. Devletoglou

To be sure, any austerity plan imposed on the country will not be successful if it does not also embrace a complementary option that is manifestly available to provide hope to ordinary people in Greece whose mounting distress is real and must be taken into account.

Germany, Greece, and the Future of Europe

Jeffrey Sachs | Posted 07.28.2016 | Home
Jeffrey Sachs

Year after year, Greece's creditors have promised that the bailout packages would bring about a meaningful rebound in output, employment, and exports. Instead, the country has experienced a depression comparable to the decline in output and employment that Germany suffered from 1930 to 1932.

Greece Approves Reforms For Bailout

Associated Press | Andrew Hart | Posted 07.23.2015 | Home

ATHENS, Greece (AP) -- Greece's radical left-led government survived another revolt by rebels in the early hours of Thursday, passing reforms that sho...

The Financial Crisis in Greece: A Spiritual Crisis in Disguise and an Urgent Call for Change

Maria Benardis | Posted 07.20.2016 | Home
Maria Benardis

Despite the financial crisis in Greece, there are many aspects of Greece that are not in crisis such as the beauty of its environment, food, history, culture and the hospitality of its people.

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...