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Press Clippings
In Search of Closer Ties: Papandreou and Netanyahu
  • Kathimerini
  •   •  
  • August 19, 2010
The first official visit by an Israeli prime minister to Greece led yesterday to Benjamin Netanyahu and his Greek counterpart George Papandreou announcing the formation of a joint Greek-Israeli commit...
Are the barbarians at the EU's gates?
  • Daniel Gros - European Voice
  •   •  
  • May 25, 2010
There is an issue for the eurozone that no amount of money can hide. The eurozone has confronted a fundamental crisis that attacks on financial speculators will do nothing to resolve. The European Co...
Forget Greece: Europe's real problem is Germany
  • Steven Pearlstein - The Washington Post
  •   •  
  • May 21, 2010
Ground zero of Europe's debt-currency-banking crisis isn't in Greece, or Portugal, or Ireland or even Spain. It's in Germany. So says Martin Wolf, the estimable economics columnist of the Financial...
Paul Krugman: We’re Not Greece
  • Paul Krugman - The New York Times
  •   •  
  • May 14, 2010
It’s an ill wind that blows nobody good, and the crisis in Greece is making some people — people who opposed health care reform and are itching for an excuse to dismantle Social Security — very, very ...
Time for Greece to play by the E.U.'s rules
  • Anne Applebaum - The Washington Post
  •   •  
  • May 11, 2010
For the time being, the markets have been pacified. For the moment, the riots in Athens have subsided. Only "hundreds" of demonstrators came out over the weekend, fewer than the rioters who killed thr...
Greece: Is It the First Domino to Fall?
  • Dr. Behzad Mohit - Huffington Post
  •   •  
  • May 08, 2010
Is the current unrest in Greece the harbinger for a coming popular movement against the excesses of the banking industry and government taxation? Will history repeat itself? In the 6th century B...
A Money Too Far
  • Paul Krugman - The New York Times
  •   •  
  • May 07, 2010
So, is Greece the next Lehman? No. It isn’t either big enough or interconnected enough to cause global financial markets to freeze up the way they did in 2008. Whatever caused that brief 1,000-point s...
How Bad Is It? Greece, Panic and the Crisis of Confidence
  • Zachary Karabell - Huffington Post
  •   •  
  • May 07, 2010
The Greek debt crisis finally spilled over in full force to U.S. markets, aided and abetted by extreme statements emanating from such esteemed and prominent voices as Muhammed El-Erian of the large bo...
The 'No Good Options' Era: We're all Greek now
  • Mat Miller - The Washington Post
  •   •  
  • May 06, 2010
Greece's union leaders hope today's general strike (which has left three dead at this writing) will paralyze the country. Sounds like a brilliant strategy -- as if the country weren't already crippled...
Why Greece's cash woes matter to us
  • Terry Savage - Chicago Sun-Times
  •   •  
  • May 06, 2010
Why do the world financial markets care so much about what happens to Greece and their financial situation? A. They're rioting in the streets in Athens, global stock markets are falling sharply, an...
The Greek Contagion Spreads
  • Nouriel Roubini, Arnab Das and Elisa-Parisi Capone - Forbes
  •   •  
  • May 06, 2010
Even as the International Monetary Fund and eurozone have virtually finalized an unprecedented three-year financing package of 110 billion euros for Greece, financial markets remain unimpressed. The c...
It’s Not About Greece Anymore
  • Peter Boone and Simon Johnson - The New York Times
  •   •  
  • May 06, 2010
The Greek “rescue” package announced last weekend is dramatic, unprecedented and far from enough to stabilize the euro zone. The Greek government and the European Union leadership, prodded by the I...
Inflation: The Obvious Endgame To Sovereign Insolvency
  • Clem Chambers - Forbes
  •   •  
  • May 05, 2010
Pigs get fed, and hogs get slaughtered. However, with the bailout of Greece, hogs got fed. That is not to say it wasn't inevitable or necessary, but in the old days Greece would have defaulted--and no...
Greek Austerity Should Include a Tax Amnesty
  • Dean Baker - Huffington Post
  •   •  
  • May 04, 2010
The news accounts of the Greek budget crisis have been filled with stories about the country's bloated civil service and generous Social Security program. While these areas of spending probably need r...
Cyprus: misguided support for direct trade with occupied north
  • Robert Ellis - New Europe
  •   •  
  • May 03, 2010
The support by the S&D group in the European Parliament for the proposed regulation for direct trade between the EU and northern Cyprus may be well-meaning but it is certainly misguided. The entry ...
Why Devalue?
  • Paul Krugman - The New York Times
  •   •  
  • May 01, 2010
As the debate over possible departures from the euro heats up, there seems to a lot of confusion over the possible uses of devaluation. The main argument I’m hearing goes like this: since Greece’s deb...
Crist's move good politics
  • Paul Szep - St. Petersburg Times
  •   •  
  • April 30, 2010
Gov. Charlie Crist's decision to run as an independent candidate for U.S. Senate is good for the political process and good for Florida. It broadens the discussion of issues, lessens the influence of ...
A Baltic future for Greece?
  • Mark Weisbrot - The Guardian
  •   •  
  • April 29, 2010
As I have noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25% of GDP. It is projected to shrink further during the first half of this year, be...
Greece can fight back against neoliberals
  • Costas Douzinas - The Guardian
  •   •  
  • April 27, 2010
Greece's surrender to the diktats of the IMF and the EU last Friday was confirmation of a death foretold. Three waves of austerity measures imposed by the government under EU instructions failed to pe...
Does Greece Have a Tea Party?
  • Ann Pettifor - Huffington Post
  •   •  
  • April 26, 2010
The humiliating surrender of Greece's economic autonomy came just last Friday, 23 April, 2010. The democratically elected Prime Minister, George Papandreou transferred to unelected officials in Brusse...
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