Greece

Ελληνική Δημοκρατία

Last week, a funny thing happened on the way to the Acropolis. The bad, reckless Greeks, the mad shower who had defaulted on €100 billion of debt, went back into those markets...(full article)

Greece's welcome return to financial markets after years of austerity shows Europe's economy is on the mend. Belt-tightening in the most-troubled euro nations is leading to growth....(full article)

Low interest rates in the US and Greece are not a sign of recovery, but a warning of permanent stagnation, creating the potential for future financial instability...(full article)

Before placing too much weight on the market’s apparently rosy assessment of Greece’s economic prospects, it is well to recall the market’s very poor track record in antici...(full article)

This chart tells a remarkable story. Just two years ago, Greece was on the ropes. The yield on the Greek government’s 10-year debt hit a punishing and unsustainable 30 percent....(full article)

Most Recent Articles

Why Europe Needs More Believers - Gilles Finchelstein, Irish Times

Europe’s big problem is its tendency to repeat at will the idea that the problem is Ireland, or Germany, or France, or someone else. The endless search for scapegoats is a si...

Greece's Desperate Youth - Theodora Matziropoulou, Suddeutsche Zeitung

It’s Saturday evening in Thessaloniki, and near my apartment building I’m approached by a young man I suspect is a drug addict. He asks me for money....

Regulation on Yogurt Is Blocking Greek Recovery - Peter Gumbel, Reuters

The news that Greek-style yogurt maker Chobani is looking to sell a minority stake that would value the company at around $2.5 billion should in theory be a big boost for Greece&rs...

What Really Went Wrong in Greece? - Daniel Gros, Project Syndicate

What went wrong in Greece was not the fiscal adjustment. On the contrary, austerity was perhaps too successful (and painful). But it was the wrong target....

How David Cameron Could Reshape Europe - Fraser Nelson, Spectator

If David Cameron were to divide Europe up, he’d make some crude distinctions. There would be the basket cases, like Italy, Spain, Greece, France — examples, by and larg...

Lord Byron, Global Interventionist - Michael Weiss, The Daily Beast

Poet and rake, Lord Byron was also a global interventionist with brains and savvy. What Lord Byron learned when he waded into the fight for Greece’s independence -- and why it st...

A Greek Tragedy Still Looms for Europe - Dan O'Brien, Irish Independent

While the world's gaze has been elsewhere over the past 18 months, Greece remains by far the weakest link in the chain that holds the 18 states of the eurozone together. The Greek ...

The Reform Split in Southern Europe - Financial Times

Almost four years since the start of Europe’s sovereign debt crisis, the debate on the effectiveness of the eurozone response is still far from settled. In particular, economists...

Finally, Some Good News from Greece - Giorgos Christides, Der Spiegel

A SPIEGEL report that German Finance Minister Wolfgang Schäuble is considering a third rescue package for Greece has electrified the struggling nation. Athens wants to impress...

It's Time to End the Olympic Games - Charles Lane, Washington Post

Supporters speak of the Olympics as a “movement,” as if the Games were some sort of insurgent force for good, not the leviathan they are. What we really need is a movem...

Modern Greece: A Nation Born in Debt - Richard Werly, Le Temps

So what is the solution to the Greek debt crisis? The question also tormented Eynard between the 1830s and 1850s. Ultimately, the wealthy banker, who earned his fortune two decades...

Can Privatization Save Greek Treasures? - C. McDonald-Gibson, Time

Many objects dug from the earth or drawn from the legends of Nemea could be used to promote the ancient Greek site: the mythological Nemean Lion slain by Hercules in the first of...

How to (Carefully) Predict Global Events - Robert Kaplan, Stratfor

While half of reality is utterly unpredictable events involving individuals, the other half is composed of large geographical, demographic, economic and technological forces whose ...

Has Greece Turned the Corner? Nope - Pauly, Schmitz & Schult, Der Spiegel

Greece, which took over the European Council presidency on Jan. 1, claims it is returning to economic health and is even expecting modest growth this year. But a closer look raises...

The EU's Weak Link Must Hold - Nikos Konstandaras, New York Times

The European Union’s rotating presidency may be a symbolic gesture toward equality, but it does allow us to measure a country’s fortunes each time it finds itself in th...

Biggest Losers of 2013 - Walter Russell Mead, The American Interest

What a difference a year makes. The US has been forced to pivot back to the Middle East, and not because things were going well. Al Qaeda is back, having successfully morphed from ...

Can Greece Repair Its Reputation? - Colin Freeman, Daily Telegraph

Brussels bureaucrats are not known for their humorous side, nor indeed are German politicians or Eurozone finance chiefs. But anyone wandering through Syntagma Square in Athens the...

Is Fascism Returning to Europe? - F. Finchelstein & F. Bosoer, NY Times

Broadly speaking, populist movements, which tend to gain traction following the implementation of austerity measures, are an attempt to redress perceived crises of representation i...

EU Crisis Isn't Down to Lazy Greeks - Mehdi Hasan, New Statesman

Few historians would dispute that the astounding growth of the postwar German economy and the ascent of Germany to world economic power status wouldn’t have happened without ...

Greece's Dismal Demographics - Nikos Konstandaras, New York Times

The most frightening figure is a Eurostat projection which estimates that, in 2050, 32.1 percent of the Greek population will be over 65, compared with 16.6 percent in 2000. And th...

A Greek American's Identity Crisis in Athens - Matt Vasilogambros, NJ

I'm proud of my heritage. My friends and colleagues know this well. I'm proud of my dad every day for living up to the promises of the American Dream. And I love my Greek family. T...

Greece's Reforms Have Only Cracked the Surface - Aristides Hatzis, WSJ

Powerful vested interests thrive on the levies, fees, subsidies and barriers to entry that Greece needs to eliminate....

Why Greece Will Leave the Euro - Demond Lachman, The American

As Greece's political and economic conditions worsen, the conventional wisdom about Greece never abandoning the euro will be sorely tested....

Can Greece's Syriza Save Europe? - Yanis Varoufakis, Boston Review

Europe is currently caught in a negative feedback loop, from which the established political process is unable to escape. For three years now, an endless stream of spending cuts an...

Why Democracy Is on the Brink in Greece - Richard Pine, Irish Times

I would not be surprised or even shocked to see tanks rolling into Athens to signal the advent of a military junta. Apprehensive, but not surprised. It will almost certainly not re...

The Greek Budget Myth - Martin Feldstein, Project Syndicate

Recently, newspaper headlines declared that Greece would have a balanced budget for 2013 as a whole. The news came as quite a shock: Recall that when Greek officials came clean abo...

Southern Europe Is on a Precipice - Ambrose Evans-Pritchard, The Telegraph

The north-south split has many causes. Germany sells machines and prestige cars with a fat profit margin. “Club Med” (the south) competes lower down, against China. Yet...

Puerto Rico: Greece in the Caribbean - The Economist

Stuck with a real debt crisis in its back yard, America can learn from Europe’s Aegean follies....

Roma: Myth, Suspicion and Prejudice - Peter Stanford, Daily Telegraph

As Roma families are accused of abducting children in Greece and Ireland, we should beware of persecuting an ancient people....

Europe's Roma Face 'Witch Hunt' - Kharunya Paramaguru, Time

A recent spate of cases involving members of the Roma community and allegations of child-snatching have shone an uncomfortable spotlight on Europe’s attitudes and treatment of ...

An Angel Kidnapped by Gypsies? - Louise Doughty, The Guardian

This media reporting has to be seen within the context of a blood libel that has dogged Roma communities for centuries. The claim that Jewish people killed Christian children to ha...

Greece's Suicidal Descent - The Economist

ONE of the saddest consequences of the economic crisis ravaging Greece is that suicide has risen steadily in a country where the number of people taking their own life used to be c...

Europe's Crisis Response Is Working - Jeroen Dijsselbloem et al., WSJ

An accelerating economic recovery should make our objectives easier to achieve. It should not make us lose sight of them....

How the EU Turns Its Back on Refugees - Der Spiegel

They come seeking refuge, but when asylum seekers cross into the European Union, they often find little compassion. In Greece, they are held in squalid detention camps, while in It...

The Folly of Banning Greek Neo-Nazis - James Kirchick, The Daily Beast

Last June, an incident on Greek television revealed a disturbingly prescient commentary on Golden Dawn, the far-right political party whose rise over the past two years has shock...

Golden Dawn and European Antisemitism - Jerusalem Post

The recent arrests of Greek Golden Dawn members cannot be separated from the overall concern about anti-Jewish actions in Europe....

How Greece Can Head Off Fascism - openDemocracy

Among the arrested members of the neo-nazi Golden Dawn party (GD) is the head of the police for the last seven years of a - now notorious - Athenian neighbourhood, St. Panteleimon....

Are Greek Neo-Nazis Fighting for Assad? - Brian Whelan, Vice

Not every report that comes out of Syria is bad news for Bashar al-Assad, the country's president. While the world's media worries about recently radicalized jihadists flying from ...

When Persia Fell Under Alexander's Sword - Barry Porter, Military History

On September 30, 331 bc, the fate of two empires was decided on a plain 70 miles north of present-day Irbil, Iraq. Lying near the hamlet of Gaugamela, the plain was part of a vast ...

Greece Is Starting to Look Like Weimar - Daniel Hannan, Daily Telegraph

Economic collapse, mass joblessness, uniformed paramilitaries, street violence, political assassinations and, now, a round-up of opposition MPs. Euro-wracked Greece is beginning ...

How Europe Managed to Hold Itself Together - Doug Saunders, Globe & Mail

The continent-wide institutions are often comically bureaucratic, wasteful and democratically dubious, but they proved their worth in the post-2008 years by holding safety nets alo...

Greece: Darkness at (Golden) Dawn - The Guardian

It is hard to avoid the conclusion that the political violence many predicted after economic meltdown is becoming a reality....

Angela Merkel, the Empress of Europe - Anne Applebaum, Washington Post

After eight years in office, Merkel’s leadership can no longer be described as a fluke or an accident, as some thought at first. Her very dullness, her middle-aged-frumpiness...

The Machiavellian Genius of Angela Merkel - Cameron Abadi, TNR

Make no mistake: Merkel knows she has power. When she flies to Greece or Spain, she is well aware that she has already pushed those countries to the economic brink, and is even cap...

Greece Between Opportunists & Fascists - Juliane Mendelsohn, European

Ironically, it is the “opportunists” who, besides repeatedly calling for new elections, want to drive a harder bargain with the Troika and rebuild private enterprise. There now...

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