Greece: not a simple fable about ants and crickets
- The Economist
- •
- March 09, 2010
Empathy is always in short supply in recessions, even within the European Union where we are all supposed to understand each other instinctively. But really, the cross-border debate on Greece is depr...
Greece’s history is defined by foreign meddling
- Mark Mazower - The Financial Times
- •
- March 09, 2010
Sympathy for the Greeks is in short supply. But their European partners need to come up with a better response and this will require getting to grips with the deeper roots of Greece’s predicament. I d...
Beware Greeks bearing Goldman's gifts
- Eric Reguly - Globe and Mail
- •
- March 04, 2010
It's fashionable to hate Goldman Sachs. And easy, because of resentment out of envy.
The Wall Street firm does one thing exceedingly well - the bastards make astonishing amounts of money pretty muc...
Dateline Greece: Goldman, Just Pay Up
- Sreeram Chaulia - The Globalist
- •
- March 02, 2010
As more skeletons fall out of the closet, it is coming to light that Greece's profligacy was abetted and managed for several years by the top Wall Street financial firms via complex instruments.
In...
Greek Mess, Global Mess
- Immanuel Wallerstein - The New York Times
- •
- March 01, 2010
Everyone is discussing what Fortune magazine is calling the “Greek maelstrom” and everyone is pointing the finger at someone else.
The Greek government is accused of cheating and allowing Greeks to...
The Global Debt Crisis Is the New Cold War
- Hugo Lindgren - New York Magazine
- •
- February 26, 2010
The news from Greece today is ... well, it's not good. Greek citizens are angry, European politicians are testy, equity investors worldwide are getting nervous, and the headlines are getting increasin...
Austerity coming to Greece?
- Francis Cianfrocca - The New Ledger
- •
- February 26, 2010
Reuters reports that Greek prime minister Papandreou is telling his countrymen that “brutal” measures are ahead. Presumably this means serious austerity measures and cuts in public spending.
Greece...
Two ways to go
- Alexis Papachelas - Kathimerini
- •
- February 25, 2010
Greece is at a crossroad, facing two very different paths, the choice of which will be determined by our character: One is difficult yet creative, the other easy and totally self-destructive.
Which...
The euro will face bigger tests than Greece
- George Soros - The Financial Times
- •
- February 22, 2010
Otmar Issing, one of the fathers of the euro, correctly states the principle on which the single currency was founded. As he wrote in the FT last week, the euro was meant to be a monetary union but no...
Greece's big fat debt
- Joel Schlesinger - Winnipeg Free Press
- •
- February 20, 2010
What goes on in Greece doesn't necessarily stay in Greece. The small Mediterranean country has become the focus of financial watchers recently, but not because it's an economic powerhouse.
For a de...
The Real Greek Tragedy
- Robert J. Samuelson - Newsweek
- •
- February 20, 2010
It would be possible in other circumstances to disregard the ongoing story of Greece and its debts as a tedious tale of financial markets. But there's much more to it than that. What's happening in Gr...
Greece Inches Back
- The New York Times
- •
- February 19, 2010
After weeks of denial, the European Union has begun grappling with Greece’s debt crisis and the dangers it poses for the 15 other nations using the euro.
Last week, Europe’s political leaders reass...
Leant on: The euro zone’s rescue plan for Greece is flawed
- The Economist
- •
- February 18, 2010
On February 15th Greeks celebrated Clean Monday, the start of Orthodox Lent, by flocking out of towns and cities to eat shellfish and fly kites. For a country in the throes of an economic crisis, a na...
An IMF Rescue For Greece?
- Nouriel Roubini and Elisa Parisi-Capone - Forbes
- •
- February 18, 2010
After issuing a broad statement on Feb. 11 specifying that "Euro area member states will take determined and coordinated action if needed to safeguard stability in the euro area as a whole," EU leader...
Political Hot Air Leave Greece Blowing In The Wind
- Andrew Balls - Forbes
- •
- February 18, 2010
A statement by Europe's political leaders came out a month or two ago proclaiming that the "euro area member states will take determined and coordinated action, if needed, to safeguard financial stabi...
No turning back to drachma for Greece
- Paul Krugman - The New York Times
- •
- February 17, 2010
Today, Martin Feldstein suggests that Greece make a temporary return to the drachma, so as to regain cost competitiveness. In terms of the macroeconomics, this actually does make sense. But it’s also ...
Are US Taxpayers Bailing Out Greece?
- Dr. Ron Paul, U.S. Congressman - Gold Seek
- •
- February 17, 2010
Last week we were reminded that ours is not the only country suffering from severe economic turmoil. The Greek government is the latest to come close to default on their massive public debt. Greece ...
Greece offers lesson in perils of spending, borrowing
- David Nicklaus - St. Louis Post-Dispatch
- •
- February 16, 2010
As long as its islands stay sunny and its olive oil keeps flowing, Greece is an economy that most Americans are happy to ignore.
In terms of gross domestic product, it's roughly as big as Michigan....
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