IWH study: Germany gained €100bn from Greek crisis
The Greek debt crisis has saved the German government some €100bn (£70bn; $109bn) in lower borrowing costs because investors have sought safety in German bonds, […]
ECONOMY
BBC: Tsipras remains remarkably popular despite capitulation
BBC — I haven’t been in Greece for three weeks but I am told it is eerily quiet and – in respect of tourism – […]
Finland does not believe Greece’s third bailout will work
(Reuters) — Finland may stay out of the planned third bailout package for Greece, said the country’s Foreign Minister Timo Soini on Saturday. “The government […]
Varoufakis warns Spain could ‘become Greece’
(AFP) – Spain could become like Greece if the same austerity policies are imposed on the country, former Greek finance minister Yanis Varoufakis said in […]
Greece races to secure bailout deal amid German doubts
Bloomberg — Greece faces intensive negotiations to tie up a bailout of 86 billion euros in time to meet its debt obligations to the European […]
Tsipras: Talks with the ‘quadriga’ in the final stretch
The Guardian — Talks with the quartet of creditors, which includes the ECB, the International Monetary Fund, the European commission and Europe’s bailout fund, the […]
Greek woes bring IMF to its senses
SA Business Daily — The acknowledgement by the International Monetary Fund (IMF) that Greece’s debt is unsustainable could be a watershed moment for the global […]
Daily Mail: Greece is trapped in prolonged depression
Greece is trapped in a ‘prolonged and severe depression’ and there is ‘a very strong possibility’ it will leave the eurozone, leading economists warn today. […]
UK’s Just Eat fastest-growing food type is Greek.
Europe may have lost its appetite for helping Greece financially, but it seems Brits are keener than on the country’s cuisine, according to the chief […]
Think tank report: insisting on unrealistic fiscal targets will ensure Greek economy remains in depression
The Guardian — Greece’s economy will suffer fresh damage from the austerity measures demanded by its creditors and will remain stuck in permanent depression unless […]
Greece planned German corruption probes – but was it just part of plan B?
Deutsche Welle reported on Saurday that the Greek government produced a contingency plan that would “raise the cost of rupture” for Greece’s creditors – the […]
How olive oil explains Greece’s problems
Washington Post — The hills of Kalamata, on the southern coast of Greece’s Peloponnese peninsula, produce some of the best olives in the world. When […]
The Defeat of Europe –Varoufakis article in Le Monde reveals the truth about the negotiations
In 2010 the Greek state lost the capacity to service its debt. Put simply, it became insolvent and, thus, lost access to capital markets. To […]
Greek bailout must promote growth over austerity, says Brussels think-tank
enikos.gr– A third EU bailout for Greece must prioritise economic growth over further austerity and institutional reforms, according to a new study by the Bruegel […]
IMF says cannot join Greece bailout talks before debt relief and reforms
An FT report, citing a confidential summary it obtained of the IMF board’s meeting on Wednesday, said that IMF staff had determined that while the […]