Tuesday, 3 March 2015

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  • Spain is not Greece: Part two

    Photo by La Veu via Flickr https://flic.kr/p/qVUw1i 03/03/2015

    The tremors in Greece after SYRIZA’s electoral victory were also felt in Spain –and quite intensely. Having attempted to disassociate Athens’ fate from Madrid’s, Spanish officials have found themselves somewhat linked again: in the outbreak of eurozone debt crisis it was the need for reforms and a rescue; today, it is politics.
  • A pause in uncertainty but for how long?

    23/02/2015

    Is Friday’s agreement at the Eurogroup a good deal for Greece? In some respects it is but in more respects it is not. Above all, the four-month agreement leaves Greece walking an economic and political tightrope over the next four months without knowing what lies at the end of it.
  • You've heard the Greek crisis myths, now here are some truths

    Photo by MacroPolis 20/02/2015

    There are certain truths about the Greek crisis. The main one is that Greece got itself into an utter mess by 2009. This came about as a result of two serious errors. Firstly, at a political and societal level there was an underestimation of the economic rigours of sharing a hard currency with more competitive and open economies, such as Germany and the Netherlands.