Greece
Ελληνική Δημοκρατία
German Exceptionalism Is Becoming a Problem
Bruce Stokes, Der Spiegel
EU Can Only Make the Best of Terrible Choices
Clive Crook, Bloomberg
Austerity Debate Misses Half the Point
Hugo Dixon, Reuters
Euro Recession Threatens to Spread North
Jack Ewing, New York Times
I Brought the Euro to Greece, and I'd Do It Again
Yannos Papantoniou, FA
Southern Europeans have grown impatient with Germany's self-imposed role as Europe's iron fist in recent months, but their criticism seems to have left the majority of Germans unfa...(full article)
Despite reports to the contrary, internal devaluation can work. Ireland has shown that and so, oddly enough, has Germany. For Europe’s sake, it must be made to work in Greece and...(full article)
Europe is over-dependent on a broken bank system. It should be emulating the United States which relies much more on capital markets to fund industry and households. But Brussels i...(full article)
No company symbolizes German industrial might like Daimler, the giant maker of Mercedes-Benz autos and trucks. So when the company said this week that it, too, had finally been cau...(full article)
The finance minister who steered Greece into the common currency club argues that the country’s problems today are not an inevitable result of having adopted the euro -- and ...(full article)
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Greece Will Survive. Barely - Hugo Dixon, Reuters
Greece is not yet out of the woods. But there is a credible path that could lead the country back into the sunlight. That’s the main conclusion of a week I have just spent in...
Greece 'Like 1930s Germany' - Manfred Ertel, Der Spiegel
Nowhere else in Europe are neo-Nazis and right-wing extremists profiting as greatly from the financial crisis as in Athens. As they terrorize the country with violence, the police ...
How Euro Debtors Hide Their Wealth - Der Spiegel
How fair is the effort to save the euro if the people living in the countries that receive aid are wealthier than the citizens of donor countries like Germany? A debate over a redi...
Europeans Right to Be Angry with Merkel - Christoph Schwennicke, Spiegel
Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn't practice what she preaches in Germany, thoug...
Berlin May Owe Greece Billions - Georgios Christidis, Der Spiegel
A top-secret report compiled at the behest of the Finance Ministry in Athens has come to the conclusion that Germany owes Greece billions in World War II reparations. The total cou...
Making Europe German Won't Fix the Crisis - Krastev & Ganev, Bloomberg
Most people see Europe’s economic crisis as a cautionary tale of good and bad policy making, in which fiscally prudent countries, such as Germany, remain stable, while reckle...
Risk of Euro Breakup Greater than Ever - Dan O'Brien, Irish Times
Cyprus bailout sets precedents that could hasten the demise of the single currency....
Will We Enter a Post-Democracy World? - Alex Berezow, The Compass
It's been a rough few years for democracy. Despite that, Westerners always seem to assume that the most highly evolved form of government is democratic. The trouble with that notio...
Europeans Planted Seeds of Crisis in Cyprus - Higgins & Alderman, NYT
In the three years since Europe's rolling debt crisis first exploded in Greece, governments and citizens in the hardest-hit nations have fumed that decisions made in Brussels pay l...
Don't Blame Germany for Europe's Woes - John Bruton, Irish Times
There is a tendency, whenever a euro zone country gets into difficulty and needs help from its neighbours, to blame Germany for the severity of the terms imposed, and to say there ...
Germans Pay Taxes, Greeks Don't - Alex Hageluken, Suddeutsche Zeitung
A new report finds that southern European households have higher net household income than places like Germany, which is shelling out euro bailout cash. Things must change....
In Cyprus, Making Up a Euro Solution on the Fly - Washington Post
Wouldn't it be healthy for Europe if bank creditors did get the idea that their funds were at risk, so that shaky banks would find it harder to get funded in the first place? Yes, ...
Europe's Love Just Got Even Tougher - Bill Emmott, The Guardian
Getting tough on Cyprus was sensible. Elsewhere in the eurozone, a much softer touch is needed....
EU Agrees to a Cyprus Rescue Deal - Kanter, Alderman & Higgins, NY Times
Struggling into the early-morning hours to avoid a collapse of Cyprus’s banking system, European Union leaders on Monday agreed on a bailout package intended to keep Cyprus in th...
Cyprus: Small Island, Big Finger - The Economist
Call it the cussedness of an island nation. Beneath the cheeriness of Aphrodite’s sun-kissed island lies the intransigence of the Balkans and the Middle East. On the eve of its a...
Europe Sets a New Standard for Stupidity - Clive Crook, Bloomberg
A rescue that would have achieved a restructuring of Cypriot banks on lenient terms for the country’s citizens would have cost German taxpayers next to nothing. It could have pro...
Tapping Bank Customers the Right Move - Christian Rickens, Der Spiegel
The move in Cyprus to apply a one-time levy on all bank accounts is both a fair and pragmatic way of easing the country's debt burdens. It also marks the start of a new phase in th...
Can the Greek Center Hold? - Raymond Zhong, Wall Street Journal
Ask most Greeks about Golden Dawn, the extreme-nationalist party that is now the country's third-most popular, and they recite from the catalog of horrors that has accompanied the ...
Cyprus's Audit Whitewash - Wall Street Journal
A big audit of Cyprus's banks is due to start soon, a precondition for the euro zone's next and least essential bailout. The aim is to show nervous German parliamentarians that Cyp...
Europe's Unemployed a Force to Reckon With - George Friedman, Stratfor
Germany sees itself as virtuous for its frugality. Others see it as rapacious in its aggressive exporting, with the most important export now being unemployment. Which one is right...
Italy and the Year of the Lowest Common Denominator - Brookings
The next Italian government faces a double challenge. It is expected to keep order in public finance, as the other governments of the past 20 years, and to rekindle growth, as none...
Wildcat Populism Rattles Europe - Simon Jenkins, The Guardian
From Italy to Eastleigh, the economics of self-flagellation have set off a wave of wildcat populism, with unpredictable results....
Greek Reform Effort Slows to a Crawl - Georgios Christidis, Der Spiegel
The troika is back in Athens this week and with all eyes on Italy, Greece feels it has little to fear. But important reforms have stalled and the government's belt-tightening effor...
Thankless Germany Forgets Who Saved Them - Nick Dearden, Guardian
Germany emerged from the second world war still owing debt that originated with the first world war: the reparations imposed on the country following the Versailles peace conferenc...
Why the Euro Debt Crisis Never Really Ended - Michael Schuman, Time
The political upheaval in the Eurozone's third-largest economy in the wake of this week's national election shows us just how troubled the euro zone really is, and how dangerous it...
The Persistence of the 'Cyprus Problem' - Louise Osborne, The Atlantic
Leaving plates on tables and books open on desks, residents of the western coastal town of Famagusta fled quickly as thousands of Turkish troops advanced on their homes almost ...
Greece's Dangerous Spartan Myths - Yannis Hamilakis, LRB Blog
In the early hours of Thursday 17 January, 26-year-old Shehzad Luqman rode his bicycle from the Peristeri suburb of Athens to the farmers’ market (or bakery, according to oth...
Greece's Cruel Austerity Reward - Megan Greene, Bloomberg
Greece reported recently that it has reached a primary budget surplus, the Holy Grail of austerity, meaning that once you exclude interest payments on the country’s massive debts...
Greece Torturing the Anarchist Generation - Matthaios Tsimitakis, Vice
About a week ago, a group of eight people armed with AK-47s attempted to rob a bank and a post office in the Greek town of Velventos. After being chased halfway across the northern...
Greece Is Facing a Humanitarian Crisis - Alex Politaki, The Guardian
The EU's own poverty standards show that Greece is in crisis. But member states won't admit their 'bailout' was to blame....
Is Greece Still a Democracy? - Yiannis Baboulias, New Statesman
The abuse suffered by four young anarchists, arrested for a bank robbery, at the hands of the police proves it's time to call Greece's coalition government what it is -- a far-righ...
Greek Fascists Infiltrating Schools - Nathalie Savaricas, Independent
Evdoxia, also 16, wants to be a lawyer. She wears pink glasses and her manicured little finger sports a golden ring with a sparkly heart. Her nails and clothes are black – th...
Europe Haunted by Myth of the 'Lazy Mob' - Ha-Joon Chang, The Guardian
It suits the wealthy to turn the debate about poverty into a morality tale, but the reality is that inequality is structural....
Stabbing Immigrants in Athens - Matthaios Tsimitakis, Vice
"I urge you to stop racism. At last, you have to realise that we are human beings and we are immigrant workers. We want justice," shouts Javed Aslam, the Pakistani president of the...
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 rema...
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, a...
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 ...
Greece, Spain Turning into Failed States - Robin Shepherd, Commentator
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....
Greece's Rotten Oligarchy - Kostas Vaxevanis, New York Times
Democracy is like a bicycle: if you don’t keep pedaling, you fall. Unfortunately, the bicycle of Greek democracy has long been broken. After the military junta collapsed in 197...
Only Certainty for Greece Is Uncertainty - Nick Malkoutzis, The Guardian
You cannot look upon 2012 as anything other than a momentous year for Greece. During those 12 months, it agreed a second massive bailout, carried out an unprecedented restructuring...
Save Greece, Save Europe - George Papandreou, Foreign Policy
America's greatest successes in Europe have mostly been projects of integration, from supporting the creation of the European Union to the reunification of Germany. Reclaiming that...
Europe Faces a Difficult 2013 - Desmond Lachman, RealClearMarkets
Hope springs eternal about Europe's ability to finally resolve its sovereign debt crisis. For despite a double dip economic recession and despite the clearest of signs of austerit...
German Austerity Will Beggar Europe - Costas Lapavitsas, The Guardian
Berlin's mantra about spending cuts in the eurozone is bringing unemployment and spreading hopelessness across Europe....
The Return of Toxic Nationalism - Robert Kaplan, Wall Street Journal
The spread of universal values is being rolled back on many fronts, from Russia to the Middle East....
Greece Is Now Nothing But a Debt Colony - Matthaios Tsimitakis, Al Jazeera
The Greek government has hailed the eurozone finance ministers' latest decision on Greece, requiring the country to lower its debt in return for bailout funds, as yet another polit...