Will Greece Recover from Its Debt Crisis?

February 02, 2019

In this edition of The Interview, Fair Observer talks to John Milios, a Greek economist and social scientist. Over the past decade, Greece has had a difficult time with a staggering debt crisis and financial stagnation. It began in 2010 just a few years after the global financial crisis and was...

What Modern-Day Demagogues Stole from Ancient Greece

December 02, 2018

Is to be believed better than to reason well? It is an age-old tradition to thank the Greeks for bequeathing to us the norms of science, philosophy and democracy. And yet these unfathomably broad concepts, surely too fundamental to be assigned to any one civilization, fail to capture the...

Is the Greek Bailout Too Severe?

July 15, 2015

Eventually, some Greek debt will have to be written off—but only when the government has been reformed. If Greeks themselves do not trust their own government and banks with their money, it is difficult to expect the taxpayers of other countries to do so. Yet that is what critics of the third...

Greek Crisis is Not Only a Tragedy: It is a Lie

July 13, 2015

The leaders of Syriza are revolutionaries, but their revolution is the perverse kind, says John Pilger. An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored the country’s landslide “no” vote and secretly...

The World This Week: Greek Crisis Marks End of Debt Era

July 04, 2015

The Greek debt crisis signals the beginning of the end of the current debt-fueled global financial system. Once upon a time, a Greek named Aristotle purportedly wrote a treatise called Economics. This title literally means “household management” and is derived from οἶκος, which means...

Should Greek Voters Listen to American Economists?

July 03, 2015

Economists writing in The New York Times put forth a weak argument to vote “no” in the Greek referendum, says former Prime Minister John Bruton. Paul Krugman, in The New York Times, urges the Greeks to vote “no” in the referendum on July 5. So too does Joe Stiglitz, in another article...

Greek Crisis Will Take Years to Solve

June 30, 2015

The Greek debacle is the result of a clash of political cultures, says former Prime Minister John Bruton. Due to its classical past as the founder of democracy, Greece was treated more tolerantly than other countries would have been when, during the 19th century, it defaulted several times on...

Syriza’s Ambitious Plan to Rescue the Greek Health System

January 26, 2015

Syriza is now in power, but what is the party’s plan for health and welfare, and how will it be achieved? In 2010, the Greek economy entered a deep, structural and multi-faceted crisis, the main features of which were a large fiscal deficit, huge public debt and the continuous erosion of the...

Nationalism and the Extreme Right in Southern Europe: A Greek – Spanish Comparison

December 19, 2012

While both Greece and Spain experience similar social and fiscal strains, the far right in Spain is failing to gain the momentum currently enjoyed by Greek extremist parties. Over the past two decades, Southern European societies have undergone profound social and cultural transformations due to a...

The Populist/Antipopulist Divide in the Greek Elections

October 19, 2012

The political elites in Greece keep warning us of the danger of “populism”. But what we should bear in mind is that contrary to “populism”, neo-Nazism and right-wing extremist violence pose a real threat to democracy here and now. Over the last couple of years, Greece has...

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