iOS app Android app

Τροικα

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.

What's Musk's 'Missing Piece?' Tesla Insider Shares Insights

Alison van Diggelen | Posted 04.30.2015 | Business
Alison van Diggelen

This evening, Elon Musk announces details of Tesla's new products: not cars, but battery storage for the home and for the business/utility. So why does Musk call battery storage "the missing piece" and why is it so significant?

This Is the Way out of the Greek Debt Crisis

Yanis Varoufakis | Posted 04.27.2015 | World
Yanis Varoufakis

ATHENS -- The current disagreements with our partners are not unbridgeable. Our government is eager to rationalize the pension system (for example, by limiting early retirement), proceed with partial privatization of public assets, address the non-performing loans that are clogging the economy's credit circuits, create a fully independent tax commission and boost entrepreneurship. The differences that remain concern how we understand the relationships between the various reforms and the macro environment.

Are European Officials Pushing for Regime Change in Greece?

Mark Weisbrot | Posted 04.22.2015 | World
Mark Weisbrot

While the Greek government cannot do anything to replace its negotiating partners with people more to their liking, the European officials on the other side seem to believe they can do exactly that. And it is becoming increasingly clear that this is their current strategy.

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.

Are the European Authorities Destroying the Greek Economy in Order to 'Save' It?

Mark Weisbrot | Posted 04.09.2015 | Politics
Mark Weisbrot

There is a tense standoff right now between the Greek government and the European authorities -- sometimes known as the Troika because it includes the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF).

Defiance, Greek Style

Anastasia Rubis | Posted 04.21.2015 | Politics
Anastasia Rubis

Reading and watching news of Syriza party's attempts to renegotiate a bailout agreement with the EU and ease austerity in what they term a humanitarian crisis for the Greek people, I've traded doubt and discomfort for a new feeling: respect.

Dear Troika: It Is Crucial That You Tailor Your Decision

Andy Manatos | Posted 04.18.2015 | World
Andy Manatos

The most consequential decision of your careers could be the pending economic assistance agreement with the Government of Greece. This letter contains important information about the Greek people that is critical to your decision but has been buried by inaccurate media reporting.

Austerity Policy or Tool ?

Michael Radou Moussou | Posted 04.13.2015 | Politics
Michael Radou Moussou

Any politician opting this evening for the continuation of the Greek Austerity program should be aware of these facts and try finding a more viable and less amateurish solution for the future not only of Greece but of the entire Eurozone.

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.

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.

Austerity for the Other Guy

Leo W. Gerard | Posted 04.04.2015 | 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?

Barbara Geladaki MD: A New Generation of Greek Politicians

Alexandra Symeonidou | Posted 03.16.2015 | Politics
Alexandra Symeonidou

Ineluctably, the failure to elect a president led to dissolve the government of New Democracy and proclaim new legislative elections.

Why Early Elections Aren't a Risk for Greece

Thanos Dimadis | Posted 02.18.2015 | World
Thanos Dimadis

Some analysts predict that the current political instability in Greece is going to drag the country back into a new tragedy of uncertainty, economic meltdown and a Grexit potentially.

The Long Road to a Published Novel

Adam Pelzman | Posted 09.02.2014 | Books
Adam Pelzman

For most of my adult life, writing was my private passion. It was one that I pursued in solitude and shared with only a small group of "gentle readers." So when news of Troika's publication came out, many people in my life were stunned to learn that I'd written a novel.

Europe: The Sky's Not Falling

Conn Hallinan | Posted 08.06.2014 | World
Conn Hallinan

The neo-Nazis and immigrant bashers will make a lot of noise, but they offer nothing but hate as an economic solution. The left has a better one, and they are back.

Economic and Social Policy and the Problems of the Eurozone and European Integration

Mark Weisbrot | Posted 03.31.2014 | Politics
Mark Weisbrot

While the problems of differing belief systems, cultures, and building common political institutions are real and fascinating, what really makes all these problems immensely more difficult right now is that the European elite is trying to impose very regressive and unpopular changes on their citizens.

Where Is the Rule of the Troika Leading Greece?

Constantine Tzanos | Posted 01.27.2015 | World
Constantine Tzanos

Since 2010, Greece is under the rule of the Troika (IMF, European Commission [EC] , European Central Bank [ECB]), which rules under the terms of the ...

Europe's Way to Destruction (?)

Thanos Dimadis | Posted 02.03.2014 | World
Thanos Dimadis

Having recently had a most interesting interview with the European Commission's president, José Manuel Barroso, I realized how much Europe struggle...

A Negative Press

Justine Frangouli-Argyris | Posted 01.23.2014 | World
Justine Frangouli-Argyris

This separation of Europe into a "good north" and a "bad south" by the traditional European press has been instrumental in undermining feelings of solidarity on the continent and have torn at the very heart of the "European ideal."

Skip Davos, Go to Tel Aviv

Janet Tavakoli | Posted 08.05.2013 | Business
Janet Tavakoli

The IMF threw Greece under the bus. In particular, it ludicrously downplayed the damage its recommended austerity measures would do to the Greek economy, which is in the grips of a prolonged and deep recession.

Why Are Greek Children Going Hungry?

Evaggelos Vallianatos | Posted 06.22.2013 | World
Evaggelos Vallianatos

Some of the Greeks I talk to on the phone tell me Greece now is reliving some of the harsh realities of WWII German occupation when hundreds of thousa...

Greece's Daily Torment

Justine Frangouli-Argyris | Posted 06.11.2013 | World
Justine Frangouli-Argyris

Trapped by the relentless demands of its northern European partners, Greece has become a disturbing model of idleness and stagnation.

Hey, They Are Stretching the Truth Way Too Far

Mohamed A. El-Erian | Posted 06.07.2013 | Business
Mohamed A. El-Erian

I was struck by what came out of the Troika this week after it finished negotiating the program with the authorities in Cyprus. This is not the first time officials bungle an element of the Cypriot rescue.

Crafting the Cyprus Deal: A Road Filled With Blunders

David Catalan | Posted 05.31.2013 | Business
David Catalan

The role of the Troika in bailing out governments and banks is nothing new, but the solutions put forward by EU leaders to improve the Cypriot crisis seem to be founded on little foresight, and without regard for the tragic mistakes of the past few years.