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...

In Greece, Syriza Jeopardizes Freedom of the Press

September 02, 2016

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...

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...

Despite Problems, Greece’s Economy Has Growth Potential

February 24, 2015

Greece’s future needs to be underpinned by a credible plan that focuses on private sector-led growth, argues former Prime Minister John Bruton. It is important to note that the recession in Greece has been much deeper than expected by those who agreed the original bailout package in 2010 — a...

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...

This is How Greece Might Leave the Euro

January 08, 2015

Germany and the European Central Bank may not come to the rescue this time. An interesting month lies ahead for the euro area. On January 22, the European Central Bank (ECB) will meet and they will either announce a QE-style monetary policy action, as most expect by now, or they will disappoint...