A punitive deal which makes life hard for the Greek people and which sets dangerous precedents for the eurozone.
Articles on Debt
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The Greek debt crisis is a complex economic and political issue. Here are five important points for understanding it better.
Debt relief should not be a divisive bargaining tool. Better that it is a formal part of a structured approach to risks in a currency union.
A Greek default and exit from the eurozone might cost the UK the odd billion here and there, but the real risks are in a nervous banking sector and the devastating potential of Brexit.
Investment for profit and development should lie at the heart of a solution for the imbalances in Greece and Europe.
A continent in shock; a country on the brink; and a model for punitive debt negotiations that serves no one but the banks.
I co-teach a freshman seminar at the University of Texas called “Debt: the Good, Bad and Ugly” that examines the different ways consumers borrow and spend. Do they reflect wise investments in the future…
Puerto Rico’s economic woes have led some analysts to compare it to Greece. Paradoxically, Puerto Rico’s colonial status explains both its growth and the impending financial debacle.
Any backflip on the Federal Budget’s highly optimistic growth forecasts will have tangible impacts on confidence and in turn, the economy.
A call to break with the leadership of Greece’s ruling party has highlighted the futility of debt-led austerity and the burden it places on people on the wrong side of a banker’s bad bet.
Any forecast 30 years ahead is fraught with uncertainty, so we should be wary of warnings Australia was on a trajectory of debt and deficit heading to 122% of GDP.
Yanis Varoufakis was supposed to have an academic advantage in tangled talks with the Troika. But politics can mess with the most careful plans.
Despite its tendency to provoke anxiety-inducing debates in Congress and government shutdowns, the high level of US IOUs isn’t a big deal.
Behind all the hand-wringing over financial executive pay is a desire to moderate risk-taking. Financial markets may already have the answer to hand.
Queensland has a new Labor minority government, led by Annastacia Palaszczuk, after the shock defeat of the Liberal National Party. Labor’s pre-election promises were “modest”, leaving many now wondering…
David Cameron has announced plans to reduce the annual benefits cap from £26,000 to £23,000 per year if the Conservative Party wins the general election in May. He argues that the cap saved public money…
How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
Despite its role in bringing on the financial crisis, debt continues to plague many of us the world over (just ask the Greeks). In the UK the appetite for debt is undiminished, with the run up to Christmas…
Author’s update, January 29: In the week since this article was published (on January 23), Labor has moved to address the funding “black hole” in its plans to reduce Queensland’s debt, mainly by adopting…
In 2009, US trucking company YRC Worldwide faced ruin as it struggled to restructure its debt. With tens of thousands of jobs at stake, the Teamsters union, led by James Hoffa, accused some YRC bondholders…
Top contributors
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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Dean of Business School, University of Southern Queensland
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Part-Time Professor of Economics, The New School
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Emeritus Professor of Public Policy, RMIT University
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Associate Professor in Finance, University of Canberra
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Professorial Fellow, University of Canberra
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Senior Lecturer in Economics, The Open University
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Scientia Professor of Economics, UNSW
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Senior lecturer, Canberra School of Government, University of Canberra
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Associate professor, University of Cape Town
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Deputy Chair of Business Administration, Touro University
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Associate Professor of Finance, Texas State University
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Consulting Economist; and Senior Research Fellow University of Johannesburg, University of Johannesburg
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Professor of Social Policy, University of Birmingham