Tag Archives: Greece

Democracy in tough times

Interesting development in Greece. The country that went broke and is in need of massive financial help to stay afloat. The Trojka (IWF, ECB and EU) and even the banks bent backwards to make this possible And now MP Papandreou … Continue reading

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Without words

Syntagma, Oct 20 2011

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Terrified, but bored

By Paul Krugman Is it possible to be both terrified and bored? That’s how I feel about the negotiations now under way over how to respond to Europe’s economic crisis, and I suspect other observers share the sentiment. On one … Continue reading

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Unstoppable ?

From the Economist So grave, so menacing, so unstoppable has the euro crisis become that even rescue talk only fuels ever-rising panic. Investors have sniffed out that Europe’s leaders seem unwilling ever to do enough. Yet unless politicians act fast … Continue reading

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Debt and delusion

By Robert J. Shiller Economists like to talk about thresholds that, if crossed, spell trouble. Usually there is an element of truth in what they say. But the public often overreacts to such talk. Consider, for example, the debt-to-GDP ratio, much … Continue reading

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When in Greece…

By THOMAS L. FRIEDMAN Athens Katerina Sokou, 37, a Greek financial journalist at Kathimerini, a daily newspaper, told me this story: A group of German members of the Bavarian Parliament came to Athens shortly after the economic crisis erupted here … Continue reading

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On the brink

By Nouriel Roubin The eurozone crisis is reaching its climax. Greece is insolvent. Portugal and Ireland have recently seen their bonds downgraded to junk status. Spain could still lose market access as political uncertainty adds to its fiscal and financial woes. … Continue reading

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A Clash of Generations

By Thomas L. Friedman ATHENS I realize that I should be in Washington watching the debt drama there, but I’ve opted instead to be in Greece to observe the off-Broadway version. There are a lot of things about this global … Continue reading

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Most revolutions have been about debt

More than 750,000 British public sector workers staged a 24-hour strike Thursday in a stand-off with the government’s plans to reform public sector pensions. The reforms come as the government tries to trim its deficit and would require public workers … Continue reading

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Black Swan Events

By Nouriel Roubini Despite the series of low-probability, high-impact events that have hit the global economy in 2011, financial markets continued to rise happily until a month or so ago. The year began with rising food, oil, and commodity prices, … Continue reading

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