Joseph Stiglitz: a no vote will give Greece a chance to shape its own future
European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power […]
COMMENT
Paul Mason: why its likely Greece will vote no
Greek PM Alexis Tsipras has called a referendum on 5 July. This after spending most of the week locked in discussions with creditors, in which […]
Greece will survive, but will the euro or the EU?
(MarketWatch/Darrell Delamaide) — Whatever happens with the bailout talks, the one certain thing is that Greece will survive, in or outside the eurozone. One of […]
Why the IMF’s so hard on Greece
(POLITIKO) — The impact of the International Monetary Fund’s involvement in the Greece bailouts may have had different consequences for the institution’s’ last two managing […]
Europe is destroying Greece’s economy for no reason at all
Washington Post — History repeats itself, first as tragedy, then as farce, and finally as trolling. That, at least, appears to be the case in […]
The Guardian: Creditors’ economic plan for Greece is illiterate and doomed to fail
The troika plan for the Greek economy has already failed twice, and it will fail for a third time if the economically illiterate plan being […]
FT: Greek society’s financial plight reopening old wounds that had healed over the generations
(Financial Times – Affluent Greeks fret as they teeter on the edge – Henry Foy) — On a recent evening at the Semiramis hotel in […]
No, we will not be using the drachma on Monday. Or maybe not even next month. And the sun will still rise …
Even if Athens does not meet its financial obligations at the end of the month it does not necessarily mean an official default, as the […]
Greece needs a political solution – or, Auf Wiedersehen Herr Schaeuble, and thanks for all the cash
IMF goes home – but only for a while Greece made compromises Syriza gets sympathy but nothing more The wrong sort of economics? Who is […]
EU’s “unbridgeable difference” is 0.5% of Greek GDP pa for the next three years
(BBC Business) — What is very striking – and important – about the agonised talks between Greece and its creditors is that no European leader […]
The Greek crisis: Media spin and myths
(LINKS – extracts)– The June 3 proposals of Greece’s creditors have been put together in such a way as to make it impossible for the […]
FT: Greece has a rational reason to prefer Grexit
Wolfgang Münchau Financial Time correspondent writes: “First, contrast the two extreme scenarios: accept the creditors’ final offer or leave the eurozone. By accepting the offer, […]
A list of countries with protracted IMF arrears
(From the Guardian) Greece has delayed a debt repayment to the IMF of €300m. The instalment was due on Friday 5 June, but instead the […]
IMF walks out of Greece bailout talks
The Guardian –“You’ve got to ask yourself one question. Do I feel lucky? Well, do ya, punk?” The lines spoken by Clint Eastwood in Dirty […]
Germany’s Schaeuble says no rift with Merkel on Greece
German Finance Minister Wolfgang Schaeuble on Tuesday denied reports that there was a rift between Chancellor Angela Merkel and himself on Greek debt negotiations. “You […]