Eurozone Crisis

Europe's Single Currency in Peril

According to Timothy Geithner, the former US treasury secretary, the attitude of the European finance ministers at the start of the crisis was: ‘We’re going to teach th...(full article)

We are currently seeing that a currency union without political union cannot function without complications. So we have to move further toward establishing a political union, for e...(full article)

How did things go so wrong? The answer is that this is what happens when self-indulgent politicians ignore arithmetic and the lessons of history. And no, I’m not talking abou...(full article)

The recent abatement of the crisis must not be wasted. If anything now is the time for even more hard work. Because Greece's politicians and its people need to use this period of c...(full article)

It isn't only for Greece that hope has proven the handmaiden to misery, as it always does in the classical tragedies. Rather, after the turmoil of the last month, what little remai...(full article)

Most Recent Articles

The Tragedy of German Leadership - Der Spiegel

German Finance Minister Wolfgang Schäuble had a plan to push Greece out of the euro zone. Chancellor Merkel wasn't sure what to do about it. The result is widespread resentmen...

Why Is Berlin Tough on Greece? Look Back 25 Years - D. Laabs, Guardian

To understand Wolfgang Schäuble’s demands in the bailout talks, look at what he inflicted on his own country when it reunified....

Germany Should Exit the Euro - Ashoka Mody, Bloomberg View

The latest round of wrangling between Greece and its European creditors has demonstrated yet again that countries with such disparate economies should never have entered a currency...

History's Lesson: The EU Is a Survivor - Ron Tiersky, RealClearWorld

The European Union's pattern has always been to make significant advances by crisis. After the trouble ebbs, a period of stability follows as the new order is established, until st...

A Nakedly German Europe - Rosemary Righter, Politico EU

“Brutal. …Violent. … A crucifixion.”  In Brussels, the world capital of circumlocution where “difficult” is as bad as it gets, such langu...

An Empire Strikes Back: Germany and the Crisis - G. Friedman, Stratfor

The Greek people had backed Germany into a corner, where its only choice was to risk everything. It was not a good place for Greece to put the Germans. They struck back with vengea...

#ThisWasNotaCoup - Hugo Dixon, Politico EU

Tsipras was either lying or living in Lalaland. The referendum left Greece with two choices: quit the euro or beg for mercy. The same night that Tsipras won his plebiscite, he perf...

Greece and Europe: An Unhealthy Affair - Mark Gilbert, Bloomberg View

Remember the birth of the euro, when countries had to clear a set of economic hurdles to be considered worthy of membership? Those thresholds on debts and deficits had two purposes...

If This Is a Win for Europe, What Does Defeat Look Like? - N. Irwin, NYT

For years, Greece’s negotiations with its European creditors have featured moments in which all parties stare into the abyss, fear what they see, and step back to reach a dea...

Europe Retreats to Its Franco-German Core - David Ignatius, WaPo

When the financial details are stripped away, the Greek bailout deal reached early Monday morning is really a reassertion of the core idea of post-war Europe — which is that ...

The Eurozone's Damaging Deal - New York Times

In the end, after trying every possible tactic, Prime Minister Alexis Tsipras of Greece threw in the towel and accepted the toughest demands yet made by creditors to extend life su...

The Deal that Solves Nothing - The Guardian

The Greek deal is unfair and unlikely to work. Far from easing the pace of austerity, the agreement embeds it....

A Brechtian Dose of European Realism - Kaj Leers, RealClearWorld

As news of a European deal to keep Greece in the eurozone reverberates around the continent, commentators, opinion leaders, and politicians of all stripes wonder what happened to t...

Greece's Painful, Humiliating Agreement with Europe - Economist

AT ONE point during marathon euro-zone talks in Brussels on the evening of July 12th, Alexis Tsipras was a few minutes late returning from a break. A rumour took flight: the Greek ...

The Greek Crisis Deepens Europe's Fault Lines - Stratfor

The events of the weekend were notable because they highlighted the extent to which the crisis goes beyond the situation in Greece. For the first time in six decades of European in...

This Is How You Destroy the Eurozone - Wolfgang Munchau, Fin. Times

By forcing Alexis Tsipras into a humiliating defeat, Greece’s creditors have done a lot more than bring about regime change in Greece or endanger its relations with the euroz...

Greece's Varoufakis: We Were Set Up - Harry Lambert, New Statesman

Varoufakis, who resigned a week ago, has been criticised for not signing an agreement sooner, but he said the deal that Greece was offered was not made in good faith – or eve...

Europe's Bad Cops - Matthew Karnitschnig, Politico EU

Why are Merkel and Schäuble so harsh with Athens? Look at German domestic politics....

There Is Reason to Celebrate the Greek Deal - Douglas Elliott, Brookings

Greece and its European creditors reached a tentative deal a few hours ago after a weekend of intense acrimony and tough negotiation. The three year deal for about 85 billion euros...

Reaching a Deal Was the Easy Part - Mohamed El-Erian, Bloomberg View

The resulting domestic political drama, which could lead to early elections, will be amplified by the country’s deteriorating social conditions. Having suffered an enormous d...

The Bitter Aftertaste of the Greek Deal - Hugo Dixon, Reuters

Berlin was right to point out that Athens had lost Europe’s trust. But by pushing the Greeks so hard – and initially proposing ideas that also could be portrayed as hum...

Why Greece Isn't Argentina - Andres Oppenheimer, Miami Herald

But Greece can’t expect to benefit from the same external headwinds that helped Argentina emerge from its 2001 default. There is an odd chance that Greece could be rescued by...

France Takes Greece's Side Against Germany - Clive Crook, Bloomberg

You can't exaggerate the importance of France's decision to align itself with Greece before this weekend's crisis meetings. As Wolfgang Munchau correctly notes in the Financial Tim...

Can We Kick Out France, Spain, and Portugal Too? - Rod Liddle, Spectator

The Greeks should not have been invited into the European Union and, having been so invited, their arcane financial practices should not have been tolerated by the economically dom...

Why a Grexit Must Be Avoided - Mathieu von Rohr, Der Spiegel

Europe is preparing for a Grexit and German voters would like to see the country leave the common currency regime. That, though, would be the wrong move. A Grexit must be avoided a...

Would You Lend Greece $60 Billion? - Leonid Bershidsky, Bloomberg View

Keeping Greece within the euro zone and the European Union is a political question. Yet it's also about money, and it may be worthwhile to consider how Europe would act if it were ...

Here Is Europe's Way Forward - Economist

A deal between Greece and its creditors would be best. But if there has to be a Grexit, here is how to do it....

Greece and Europe Need a New Outlook - J. Delors et al, Huffington Post

PARIS -- Greece is in a dramatic condition and the situation will only deteriorate further if the country were to end up defaulting on its debts -- or even leaving the eurozone alt...

Outlines of a Greece Deal Emerge - John Cassidy, New Yorker

Until we see the details of the new proposal from Athens, which is due to be delivered to Greece’s European creditors by midnight on Thursday, it is hard to assess the chance...

Cutting Greece Loose: A Win-Win? - William Galston, Wall Street Journal

The EU could blame the balky Greeks, who would be freed of the euro yoke....

Greece Agrees to More Austerity - Benjamin Fox, EU Observer

The Greek government has unveiled plans for a €13 billion austerity budget in a last-ditch attempt to secure a debt deal with its EU creditors....

The Impossible Common Currency - Washington Times

It’s what happens when every country goes its own way...

The Sovereignty Paradox - Kaj Leers, RealClearWorld

With the clock ticking, the Greek government must within a few days decide whether to accept more austerity (and perhaps later debt relief) or leave the eurozone, which will in all...

The Real Fallout from Greece Is Yet to Come - Chris Sorensen, Maclean's

It’s clear now that cuts alone won’t fix Greece’s backward and dysfunctional economy....

Grexit: A How-To Guide - The Economist

IN A crisis studded with missed deadlines, Sunday July 12th really could mark the denouement of the Greek debt drama. The leaders of the euro zone along with those of all the EU&rs...

A New Battleground for Democracy and the Elite - G. Monbiot, Guardian

This is the true road to serfdom: disinventing democracy on behalf of the elite....

The Euro is a Straitjacket for Greece - David Ignatius, Washington Post

The Greek financial nightmare is a reminder of why countries benefit from having their own currencies. In the old days, a flexible drachma could have been devalued to boost exports...

Grexit: Fears Over the Euro Are Overblown - Christoph Meyer, Guardian

With a final decision about Greeceā€™s future in the eurozone expected on Sunday, the crucial question in the mind of European leaders will be what a deal would mean for the short-...

Greece's Pro-EU Opposition Is Terrified - Jim Waterson, BuzzFeed

The 39% of Greeks who voted “yes” in the referendum on austerity are coming to terms with defeat and feel the discredited opposition parties may need replacing with a s...

A Bitter Cup for Greeks - Economist

Euro-zone leaders demand Alexis Tsipras offer them a deal harsher than the one Greek voters just rejected. Grexit seems imminent...

The EU's Grave Miscalculation - George Friedman, Stratfor

The European leadership put the Greek voters in a position in which they had nothing to lose....

Polish FM: Months to Save Euro

The Latest Videos from Around the WorldPolish Finance Minister Jacek Rostowski discusses the debt crisis affecting Europe and steps needed to be taken.Posted on September 16, 2011...

Eurozone News

Eurozone from RealClearMarkets

Eurozone from The Compass Blog

Southern Europeans Don't Trust Thei

Less than one-in-five residents of Portugal, Spain, Greece and Italy say they have confidence in the...

Why Did Angela Merkel Win a Third T

The results are in: Angela Merkel will remain queen chancellor of Germany for another four years. ...

Who Doesn't Trust Banks? Europeans

Europeans are more likely to distrust banks than anyone else around the world, according to a new ...

Greek Parliament Member Yells "Heil

An MP for the ultra-right Golden Dawn party, Panayiotis Iliopoulos, was ejected from a session in ...

Some of Greece's Best Are Fleeing t

Over 120,000 Greek professionals have fled the country since 2010, according to a study from Unive...

EU Countries and Eurozone

  • EU countries in the Eurozone
  • Austria (1999)
  • Belgium (1999)
  • Cyprus (2008)
  • Finland (1999)
  • France (1999)
  • Germany (1999)
  • Greece (2001)
  • Ireland (1999)
  • Italy (1999)
  • Luxembourg (1999)
  • Malta (2008)
  • Netherlands (1999)
  • Portugal (1999)
  • Slovakia (2009)
  • Slovenia (2007)
  • Spain (1999)
  • EU countries not in the Eurozone
  • Bulgaria
  • Czech Republic
  • Denmark
  • Estonia
  • Hungary
  • Latvia
  • Lithuania
  • Poland
  • Romania
  • Sweden
  • United Kingdom