Tag: greece

Will Greece Recover from Its Debt Crisis?

Will Greece Recover from Its Debt Crisis?

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...

Putting the Turkey Coup in Historical Perspective

Putting the Turkey Coup in Historical Perspective

Had the Turkey coup been successful, it would have spelled disaster for the country. When a military coup shook Greece in 1967, it exposed the country to a brutal military dictatorship that brought numerous internal and external losses for the Greek people. Recalling this part of Greek history,...

In Greece, Syriza Jeopardizes Freedom of the Press

In Greece, Syriza Jeopardizes Freedom of the Press

The Greek government has been taking steps that curb the country's freedom of the press. While outside media coverage of Greece this summer has focused on the migrants stranded at the gates of Europe, the far-left Syriza party continues to juggle the state’s astronomical debt and...

Can the New Left Govern Europe?

Can the New Left Govern Europe?

After a year of earthshaking victories and devastating setbacks, Europe’s new progressive parties are slowly learning how to balance governance with activism. Over the past year, left and center-left parties have taken control of two European countries and hold the balance of power in a third....

The Quest for a European Future

The Quest for a European Future

Oscillating between trying to conform to EU norms and nativist backlash, countries in southeastern Europe are often caught in a love-hate relationship. Though not failed states, the countries of southeastern Europe have long been afflicted with bad government. Massive, often flagrant,...

Time Running Out for Tsipras and Greece

Time Running Out for Tsipras and Greece

Alexis Tsipras must fully commit to Greece’s bailout agreement in both letter and spirit. The popularity of Greece’s radical left-wing Syriza party is on the decline. In January, polls showed that support for Syriza—which struck a power-sharing agreement with the right-wing Independent...

Europe in 2016

Europe in 2016

With the rise of the far-right, national politics will certainly have their say on international relations in Europe. It has become routine for analysts to identify issues and threats that may occur throughout the next 12 months. And every time, experts underline how futile such an exercise can...

Austerity Economics is Fraying Europe’s Social Contract

Austerity Economics is Fraying Europe’s Social Contract

It’s a new kind of barbarism, one that sacks countries with fine print. On one level, the recent financial agreement between the European Union (EU) and Greece makes no sense. Not a single major economist thinks the $96 billion loan will allow Athens to repay its debts or get the economy...

Lessons Greece Can Learn From Seychelles

Lessons Greece Can Learn From Seychelles

Greece should look to Seychelles for lessons on rejuvenating its ailing economy. Oxi it is! In early July, the Greek electorate delivered a thumbs-down to sermons from lenders, media, international bodies and diplomats. Greeks chose not to give in when placed under overwhelming pressure from...

The World This Week: Good Iran Deal, Bad Greece Deal

The World This Week: Good Iran Deal, Bad Greece Deal

Obama deserves kudos for the nuclear deal with Iran and for his plans to reform the US criminal justice system. After protracted negotiations, the big powers have concluded a nuclear deal with Iran. The United States, Britain, France, China, Russia and Germany—together known as the...

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

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

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...

Legal Avenues for a Grexit

Legal Avenues for a Grexit

Nicolai von Ondarza examines the legal options for a Greek exit from the eurozone, warning against an unregulated Grexit. Although negotiations are restarting, the erstwhile taboo of Greece leaving the euro is becoming increasingly likely and it is being used as a credible threat in bargaining...

After No Vote, Greece Faces its Last Judgment

After No Vote, Greece Faces its Last Judgment

Syriza and the Greek people may have won a victory against austerity, but their fate is largely out of their hands. Prime Minister Alexis Tsipras has just won the Greek referendum vote by a convincing margin. Nevertheless, the victory could be a pyrrhic and nothing other than a “Last...

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

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

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?

Should Greek Voters Listen to American Economists?

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...

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