Articles on Eurozone
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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.
Why the Greek debt crisis shouldn’t be viewed as a conflict between different countries, but one between workers across Europe and big business.
The Conservatives argue that the rest of Europe wants reform too. Is this true?
Syriza came to power promising to renegotiate Greece’s relationship with the EU. The fallout of their attempts to do so is a lesson for a UK that would try to do the same.
The Green Party doesn’t appear to have thought about their EU policy very much.
Persistent misconceptions over the nature of the Greek bail-out play a subtle but key role in sustaining a damaging mythology – and preventing a viable treatment of the crisis.
As Greece wastes time seeking war repatriations to help cover its debts, a better solution would be debt forgiveness - with conditions.
The advocates (and beneficiaries) of austerity are succeeding in cornering the country worst hit by the euro crisis.
There is little appetite in Europe for substantive discussion of the UK’s place in the EU.
The reforms required by Greece’s bailout package are crucial to reviving its economy but politics could get in the way.
Having secured a temporary debt deal, Greece must now come clean on the economic reforms it plans to get the country back on track.
Greece’s loan extension agreement will keep it in the eurozone for the time being, but there’s no guarantees it can become a responsible member.
Crisis postponed. On Friday, Greece, the European Union (EU) and the International Monetary Fund (IMF) brokered a four-month extension of bailout loans to the newly-installed government of Alexis Tsipras…
So long as there is uncertainty about Greece’s place in the eurozone, turmoil in financial markets will continue.
Ever since Greece elected its new Syriza government, there has been growing talk of Greece defaulting on its debt and leaving the eurozone. I’ve been arguing that once Greece achieved a primary budget…
Greece and its creditors remain locked in a heated debate over how its debt should be financed. The newly elected Syriza government need to renegotiate their current bailout programme, in order to carry…
The emphatic rejection of disastrous austerity policies by the newly elected Greek government has caused consternation in eurozone capitals. Germany has been particularly strong in dismissing Greek pleas…
Tired of dealing with the consequences of austerity, Greece appears to be run by a party inspired by the politics of Homer. Not the Greek Homer, mind you, I refer to the Springfieldian. Some may recall…
Decades ago, before Yanis Varoufakis became the rock-star finance minister of Greece, he and I developed some game-theoretic models of macroeconomics. The gist of the work was this: for monetary authorities…
The European Central Bank (ECB) symbolises the strange mix of politics and technocracy that marks EU governance. The bank was pushed to centre stage by the eurozone debt crisis and the unwillingness or…



















