Greece

Ελληνική Δημοκρατία

The EU is now facing its own civil war, though one that, fortunately, is free of physical violence. Without statesmen and stateswomen able to articulate a vision of a shared future...(full article)

Asian leaders could be excused a degree of exasperation over the ongoing Greek mess. China's slowdown and stock-market chaos are worry enough; the last thing the export-dependent r...(full article)

We are in an interval during the long Greek tragedy, in a gap between the wailings of the chorus but still far from the end, so this is a good moment to ponder one important point ...(full article)

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)

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)

Most Recent Articles

The European Project, from Riches to Rags - Henry Ergas, The Australian

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...

As Greece Melts into Chaos, Syriza Is Done - A. Clapp, Foreign Policy

A schism now runs through Syriza. On Wednesday about half the party, primarily members of the Left Platform, broke into open revolt against Tsipras, refusing to endorse the austeri...

Greece and Iran Are Chances for Europe - Judy Dempsey, Carnegie Europe

Alexis Tsipras, the Greek prime minister, and Hassan Rouhani, the president of Iran, each made momentus decisions during the week of July 13 that could spur or smother Europe&rsquo...

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...

The Greek Crisis Seen from Asia - Lee Jong-Wha, Project Syndicate

SEOUL – Asian countries have been watching the Greek crisis unfold with a mixture of envy and schadenfreude. When they experienced their own financial crisis in 1997, they re...

Ukraine Should Not Become the Next Greece - Philip Zelikow, RCPolitics

As the Greek economy teeters, there is still time and opportunity to make sure that Ukraine's economy is not next. The stakes in Greece's future are high. The stakes in Ukraine's f...

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 Also Has a Regulation Problem - Steven Rattner, New York Times

In dominating the debate over how to address the Greek crisis, Germany has shown that economic success brings political influence, which it wielded last weekend to brush away reque...

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...

The Banal Idiocy of #ThisIsaCoup - James Kirkup, Telegraph

Likening today's German government to the Nazi regime is offensively stupid....

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...

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 ...

Just Quit, Greece - Bloomberg View

Does Greece belong in the euro area? This fundamental question has divided Europe's governments for months, and still does. The deal just announced only pretends to resolve their d...

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 EU's Disintegration Is Now in Play - Edward Harrison, Foreign Policy

Over the past week, European institutions have shown no qualms about bullying, arm-twisting, and humiliating a sovereign nation and its people. This is no union – this is a f...

The History of Greek Defiance - Lou Ureneck, New York Times

History doesn’t indulge hypotheticals but it does demonstrate patterns — then as now the Greek people, headstrong and seemingly born defiant, have demonstrated, once ag...

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....

Greece's Choice: Out in the Cold, or in Chains - The Guardian

Whatever happens next, the Greek crisis has strained Europe to its limits....

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 EU Has a Democracy Problem - Joshua Keating, Slate

The idea of a unified democratic Europe is still a powerful one, as the crowds waving EU flags in the streets of Kiev last year attested. But it’s going to be hard going forw...

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...

The European Union's Darkest Day - Gareth Harding, EU Observer

Monday July 13 will go down in history as the day Greece lost its independence after 185 years of freedom, the day democracy died in the country that invented it and the day the Eu...

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....

The Greek Referendum Was a Ruse - Carlo Bastasin, Brookings

There is therefore a crucial final step: to recognize that the European institutional weakness must be resolved in parallel with that of Greece. The euro area is not an arena for t...

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....

Still Time for Merkel to Find Her Moment - H. Nehring, The Conversation

In the week before the Greek referendum, leading German tabloid BILD conducted its own referendum on what should happen to Greece. The question: “Should we support Greece wit...

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....

Greece's Troubled History With Europe - David Graham, The Atlantic

The troubled relationship between modern Greeks and their neighbors to the north and west—sometime admirers, sometime lenders, sometime detractors—helps explain today&r...

Hollande from Venus, Merkel from Mars - NV & MK, Politico EU

When Angela Merkel traveled to Paris this week to meet François Hollande, the idea was to show a united Franco-German front in the Greek crisis....

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