- August 14, 2018
On August 20, the third aid package for Greece will end, marking the end -- for now -- of the country's debt crisis. But the country's slow economic growth and grim demographic outlook mean that even without the onerous rules attached to its repayments, it faces an uphill battle. more... [ Comment ]
- November 01, 2016
When he got elected nearly two years ago, Greek Prime Minister Alexis Tsipras promised to stand up to the EU's austerity demands and restore his country's dignity. His failure to deliver risks plunging the country into a new political crisis. more... [ Comment ]
- April 03, 2016
Greece hasn't been saved just yet, and the conflict between the International Monetary Fund and Europe is once again intensifying. Greece's former minister of finance Yanis Varoufakis expects a showdown between the IMF and Germany. more... [ Comment ]
- September 03, 2013
Kyriakos Mitsotakis has only been minister for administrative reform for a few weeks. But he is already under heavy pressure from the troika to reduce Greek spending. To show he means business, the ambitious son of an old political family will soon cut thousands of jobs. more... [ Comment ]
- June 28, 2013
In the wake of the euro crisis, Southern Europeans have increasingly traded their traditions of leisure for more work and more consumption -- often at Germany's prodding. As backlash sets in, this logic must be questioned. more... [ Comment ]
- April 19, 2013
Germans are more prosperous than a recent ECB survey indicates, Chancellor Angela Merkel insists. With a number of caveats distorting its results, the controversial report did not factor in the country's generous social policy, she says. more...
- June 20, 2011
When the euro crisis started in Greece in October 2009, nobody had any idea how quickly or broadly it would spread -- or how difficult it would be to solve. Below, some key dates in this still-unfolding saga. more...
- June 07, 2011
Greece is scrimping and saving, but still failing to get its debt crisis under control. The government plans to raise 50 billion euros through a privatization program, but faces massive resistance from Greeks worried about selling off the nation's assets. Experts also doubt whether the strategy will work. more...
- January 24, 2011
Despite public denials, euro zone governments are currently working on a proposal to relieve Greek bond debt. The proposal has a number of advantages for all countries involved, but it also entails risks that may be insurmountable. Some believe regulatory pressure will be required to force banks to take voluntary losses on their loans to Athens. more... [ Comment ]
- January 11, 2011
Europe, says star economist Nouriel Roubini, needs to take immediate action to shore up the euro. In an interview with SPIEGEL, Roubini said Germany must provide more money to defend the common currency and allow the European Central Bank to loosen monetary policy. Otherwise, disaster could be looming. more... [ Comment ]