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Greece

This category contains 81 posts

The EU agreement, structural reforms and the Syriza effect abroad: Inside View

Syriza’s Yiannis Bournous* in interview What assessment do you make of Friday’s agreement with the Eurogroup? The document adopted at the Eurogroup gives Greece an extra four months to present a developed plan of structural reforms. The document gives us breathing space, both in terms of time and economic conditions. Even if some of the … Continue reading

Greece: the euro misfit that Germany once embraced with open arms

Greece joined late and never conformed to Germany’s idea of the Euro, but it nonetheless served a very valuable purpose, explains Spanish economist Enrique Viaña Remis, who anticipates Spexit will follow Grexit Today, we talk insistently-indeed, all too insistently of Greece leaving the euro. The debate is raised in Manichean terms (at this time administrators of the … Continue reading

The costs and benefits of Grexit

Emiliano Brancaccio and Gennaro Zezza You cannot say that between 2010 and 2014, Greece has not “done their homework” assigned by the Troika. The tax burden has grown by five percentage points of GDP, public spending has fallen by a quarter and wages have fallen by twenty percentage points. The European Commission has always maintained … Continue reading

The Eurogroup-Greece Agreement

By Jacques Sapir The agreement reached Friday, February 20th between Greece and the Eurogroup has led to conflicting commentary. It is necessary, in order to understand this agreement, and to analyze it, to put it into context, both in the short and in the long term. This agreement was intended to prevent an immediate crisis, … Continue reading

I am ashamed to be European

By Giorgio Cremaschi Double standards have always been a hallmark of the European ruling classes. At least since the governments and liberal revolutions of the late 1700s proclaimed human rights, except for slaves overseas and most of the workers. Europe’s double standards collapsed exactly one hundred years ago with the first world war. After twenty … Continue reading

Consensus grows around Syriza in Greece: Interview with Greek journalist Synghellakis

Theodore Andreadis Synghellakis is a Greek journalist born in Rome in 1973 of parents who fled the fierce military dictatorship of the colonels. Correspondent for over twenty years for Greek TV station Alpha, the press agency Athens and Macedonian News Agency and the newspaper Efimerìda ton Syntaktòn, meaning of Newspaper of Editors, he has also … Continue reading

Spain, 1936; Greece, 2015

With a newly elected government opposing the troika’s  brutal austericide policies, Greece finds itself alone – like Spain was in 1936, argues Pedro Luis Angosto*  That history does not repeat itself does not prevent it from being cyclical; in other words whenever a period of progress occurs it provokes a reaction that tries to roll … Continue reading

A new ‘fiscal’ currency to tackle the Eurocrisis, from Greece to Italy

Enrico Grazzini To overcome the crisis the new Greece’s Minister of Finance Yanis Varoufakis is considering a new national ‘fiscal’ currency to that proposed for Italy by myself and my colleagues Luciano Gallino, Biagio Bossone, Marco Cattaneo, Guido Ortona, Stefano Sylos Labini (Helicopter Money per l’Italia: uscire dalla crisi con l’emissione di nuova moneta statale-fiscale complementare … Continue reading

Greece’s new government, Tsipras and the issue of sovereignty

Why did Syriza choose the Independent Greeks as coalition partner? And how will the other Eurozone countries react to the new Government in Athens? Jacques Sapir explains Syriza has won and secured 149 seats in the Greek parliament. Alexis Tsipras, its charismatic leader, is the big winner of the elections this Sunday, January 25th. Many people … Continue reading

Spain needs its own Syriza

In the wake of Syriza’s success in Greece, all eyes are on whether something similar is possible in Spain, where local and general elections are due later this year. For that to happen, the upstart party Podemos that is leading in the polls needs to drop its opposition to building a radical left coalition too, argues Manel … Continue reading

3 Greek myths  

By Vincente Navarro Dominant economic thinking, that is, neoliberalism, constantly uses lines of argument to create moods that make its proposals –  always involving sacrifices by the masses – more tolerable and acceptable. These arguments are repeated in the mass media to the point they become the conventional wisdom. That is, the “platitudes” promoted by the … Continue reading

The Greek sun

By François Delapierre* Amid this icy return to work, those who aspire to a thaw in the European climate, something [French Socialist President] Hollande has not achieved, have their eyes turned towards Greece, and their thoughts on Spain. The Greek people vote first on 25 January and the Spanish have their general elections in September 2015, and before … Continue reading

When the FT supports Europe’s radical left

By Bernard Cassen Fingers in your ears and blindfold over your eyes: faced with the crisis, this is the policy of denial practised by the European Union (EU), especially with respect to the euro area. A policy is not judged by its intentions but by its results. And the results are catastrophic: the Eurozone is on … Continue reading

The German Chancellor and Grexit

By Jacques Sapir A Greek exit from the Euro, following the election on 25 January, is no longer unthinkable, Chancellor Angela Merkel admitted in the German weekly “Der Spiegel” on Saturday.  This is an important statement, which can be analyzed in two different ways, neither of which are opposed to the other. The first reading … Continue reading

Yanis Varoufakis on the coming Greek elections and myths surrounding the country’s economic ‘recovery’ 

With a snap general election due January 25, a Greek economist close to SYRIZA dismantles some myths surrounding the Greek economy and believes victory for the left-wing opposition is increasingly likely After the announcement that on 25 January, Greece will return to the polls (due to the failed the third and decisive vote for the … Continue reading

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