Tag: eurozone crisis

Why Greece’s Syriza party is not sticking to the script on an IMF deal | Paul Mason | Paul Mason. The leaked IMF document seen by Channel 4 News last weekend effectively signals a three-week endgame in the Greek debt stand-off. The IMF thinks there is “no possibility” that Greece

By Lenka Ponikelska Greece’s exit from the euro would unleash turmoil whose fallout will far exceed the cost of staying in the currency union, said U.S. economist Barry Eichengreen. Reintroducing the drachma would solve none of Greece’s problems and instead set the stage for “even more chaos and uncertainty,” Eichengreen,

Would leaving euro be more of a catastrophe for Greece than staying? | Business | The Guardian. Larry Elliot Yanis Varoufakis rues the day when Greece joined the euro. The Greek finance minister says his country would be better off if it was still using the drachma. Deep down, he

Greece: The Noose Tightens | Jacobin. There are only three options remaining for the Syriza government.   by Stathis Kouvelakis Greek Prime Minister Alexis Tsipras.   Events in Greece have taken a dramatic turn, and insolvency is at the gates. On April 20, the Greek government issued a decree forcing

Very interesting interview with Syriza MP and SOAS Professor of Political Economy Costas Lapavitsas. Greece: Phase Two | Jacobin. Much — too much — has been written in a journalistic, superficial vein about Greek Finance Minister Yanis Varoufakis and last month’s negotiations with the European Union. But now that the lines

Varoufakis Keeps Greece in the Eurozone, by its Fingernails  » CounterPunch: Tells the Facts, Names the Names. Mike Whitney It’s not easy to negotiate with a gun to your head.  Nevertheless, that’s the situation Greek finance minister Yanis Varoufakis found himself in on Friday preceding a crucial meeting with the Eurogroup. According to one report, the

How Greece Got Outmaneuvered – The New Yorker. By John Cassidy To the surprise of nobody except a few alarmists, the finance ministers of the European Union reached a deal with Greece on Friday, extending the country’s existing bailout until the early summer. Greece’s new left-wing Syriza government had been

Greek Bailout Extension Deal Represents a “Significant Retreat” by the European Authorities, CEPR Co-Director Says | Press Releases. Washington, D.C.- A deal reached between the Greek government and European authorities represents a “significant retreat” by the so-called troika and “shows that their austerity program, which has failed miserably, is no

Philip Inman – The Guardian The rightwing orthodoxy that dominates thinking in Brussels has asserted itself over the hapless Greeks. A deal that allows the eurozone policymakers, the International Monetary Fund and the government of Athens to keep talking next week is the first stage in a clampdown on anti-austerity