February 7, 2012

Why It Won't Be a Tragedy if Greece Defaults

Mark Sheetz, Foreign Policy

AP Photo

European leaders are working around the clock to prevent a Greek default -- as if they had a choice.

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TAGGED: Greece, Eurozone


February 4, 2012
Let's Rebuild Greece Like Post-War Japan
Nathan Lewis, Forbes
In 1949, Japan was a wreck. Four years had passed since the end of World War II, but the economy was still moribund. The major cities, flattened and burned during the war, remained mostly unreconstructed. more ››
January 26, 2012
The Eurozone's Strategy of Pain
Jean Pisani-Ferry, Project Syndicate
For the third year in a row, the eurozone is the weakest link in the world economy. In 2010, attention was focused on responses to the crisis on the eurozone periphery – Greece, Portugal, and Ireland. In 2011, the crisis moved... more ››
Martial music booms from the loudspeakers as warlike images gallop across monitors. A short euro crisis film montage shows police officers being posted in front of the parliament building in Athens and the jostling of frantic... more ››
January 31, 2012
Euro Debt Crisis Now Belongs to Germany
George Friedman, Stratfor
Germany must have a free-trade zone in Europe. Germany also needs robust demand in Europe. Germany also wants prudence in borrowing practices. And Germany must not see a return to the anti-German feeling of previous epochs.... more ››
February 7, 2012
Euro Politicians Prolong Greek Tragedy
Dalibor Rohac, National Review
However flawed Greece's economy and political system might be, it would ill-advised to hand it sole blame for the present crisis. The crisis is a consequence of the utopian overreach of those who believed that European... more ››