Agora
Why it makes sense for ESM to swap Greece's IMF loans
In an interview over the weekend, the head of the European Stability Mechanism (ESM) Klaus Regling aside from the optimism on the progress of the current review hinted of one of the options that eurozone lenders might be willing to consider for the debt relief that Greece is due to receive by the end of the programme.
Contributor: Yiannis Mouzakis
Categories: Europe (282), Economy (331), Greece (498)
Greece's open floodgates
The sun shone in Athens on Monday and the government announced an extensive compensation package for households and businesses afflicted by the catastrophic flooding in western parts of the capital over the previous days. Both events, though, could not disguise the tragic nature of what happened last week.
Contributor: Nick Malkoutzis
Categories: Politics (387), Greece (498)
Will centre-left let go of past to grasp change?
On Sunday, Greek social democrats will vote in the first round of a leadership contest for a party that has not been formed, a political manifesto that has not been written and with goals that have not been decided.
Contributor: Nick Malkoutzis
Categories: Politics (387), Greece (498)
US view on Greece proving constant amid change
Alexis Tsipras’s recent visit to the USA was something of a curate’s egg, ranging between high diplomacy and acute embarrassment. It would be wrong, though, to dismiss its implications.
Contributor: Nick Malkoutzis
Categories: Politics (387), Economy (331), Greece (498)
Labour market reforms did exactly what they were supposed to
Greece had a current account deficit of 15 percent of GDP in 2008, when the crisis struck. Unit labour costs since euro adoption had increased by 35 percent, compared to less than 20 percent in the euro area.
Contributor: Yiannis Mouzakis
Categories: Economy (331), Greece (498)