Greek debt crisis

Resolving Greece's Debt Crisis

Greece's desire to stay within Eurozone is a seriously constrained choice for its economy. This is because it will continue to plague price competitiveness of Greece's exportables in the rest of the world.

May 9, 2016
May 9, 2016

Greek PM seeks debt relief, end to 'vicious cycle'

Greek Prime Minister Alexis Tsipras says it is time to end the "vicious cycle" of cuts and to start talks with the eurozone on debt relief.

July 24, 2015
July 24, 2015

Resolving Greece's Debt Crisis

Greece's desire to stay within Eurozone is a seriously constrained choice for its economy. This is because it will continue to plague price competitiveness of Greece's exportables in the rest of the world.

July 20, 2015
July 20, 2015

Greek debt crisis: Banks reopen amid tax rise

Greek banks reopen after three weeks of closures sparked by the deadlock over the country's debt.

July 14, 2015
July 14, 2015

A defining moment for Europe

Over the past couple of months, a Greek tragedy has been in the making. Doomsayers had made all kinds of prophesies – regarding Greece, Europe, the financial world, and the Euro.

July 10, 2015
July 10, 2015

Can the Greek Referendum offer any lessons?

In a historical referendum on July 5, 2015, the Greek voters overwhelmingly sided with the current government in its debt negotiations with its European partners.

July 9, 2015
July 9, 2015

Greece extends bank closures

The Greek government has extended bank closures and a €60 (£43; $66) daily limit on ATM withdrawals until Monday.

July 9, 2015
July 9, 2015

What after the Greek referendum?

On July 5, the Greek people unanimously voted “No” in the country's referendum on whether to accept the terms of the EU bailout, with a convincing 61 percent of people rejecting the austerity measures brokered by European powers.

July 8, 2015
July 8, 2015

Power of NO

During my insensitive, immature childhood years I used to be hugely amused when a few of my South Asian friends from the South of India would shake their heads from left to right, saying Yes.

July 8, 2015
July 8, 2015

A Failure of the Eurozone

As with any case of austerity politics, the biggest losers were the working class, as conditions of free market investment benefitted the capital-owning class. These harsh measures eventually led to mass unemployment and underconsumption and as a result the economy suffered even more, worsening Greece's plight.

July 7, 2015
July 7, 2015

GREECE REJECTS THE TROIKA

Just after 7 PM Greek time on Sunday, I was told that the “No” vote (Gk. Oxi) was winning approximately 60/40.