January 9, 2013

Greece, Spain Turning into Failed States

Robin Shepherd, The Commentator

AP Photo

Jobless rates in Spain and Greece have reached staggering proportions. And as long as these countries retain the euro, the prospects of recovery are slim.

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TAGGED: Spain, Greece, Europe, Eurozone


January 9, 2013
Spain Needs Tough Decisions on Debt
Juan Rubio-Ramirez, Financial Times
This year will be decisive. First, further cuts to public investment will be difficult. It has been reduced by about 60 percent since the start of the crisis and there is little room for extra contraction. Second, because of... more ››
January 15, 2013
Eurozone 2013: Lower Risks, Same Problems
Nouriel Roubini, Reuters
The euro zone periphery recession will continue in 2013: Fiscal austerity is ongoing; the euro is still too strong; periphery banks have capital shortages and liquidity concerns, and thus are achieving required capital ratios by... more ››
January 21, 2013
Democracy in Greece? Not So Much
Leigh Phillips, Austerityland
The Greek Frankenstein’s monster of a coalition government – stitched together from the torso of the wounded conservative New Democracy and the decomposing, undead remains of centre-left Pasok and ex-eurocommunist... more ››
January 10, 2013
Greek Economy Heading for the Abyss
John Sfakianakis, Foreign Policy
When European finance ministers approved another $64 billion in aid to Greece in December, Europhiles breathed a collective sigh of relief. Economic catastrophe had been averted and the so-called "Grexit" now seemed unlikely.... more ››
January 16, 2013
Euro 'In-or-Out' Debate Makes No Sense
Simon Jenkins, The Guardian
The EU treaties are not fit for purpose, but leaving makes no sense. Negotiation is possible without risking free trade. more ››