Agora
Posts by Yiannis Mouzakis
21,717,120,000
21,717,120,000 – This, as we have just discovered, is the total amount of money that has left German coffers since the Greek crisis started in 2010. It corresponds to Germany’s portion of the European Stability Mechanism’s (ESM) paid in capital, which was announced on May 1 as the fund reached its full capital amount following the transfer of five installments since the end of 2012.
Contributor: Yiannis Mouzakis
Categories: Europe (281), Economy (329), Greece (496)
No victory, just plenty of misery
It has become evident over the last few weeks that the eurozone’s pro-austerity camp is trying to defend its record, either through the ground it is afforded by influential media or through commentators that end up resembling cheerleaders rather than sober judges of the events that have unfolded in the single currency area.
Contributor: Yiannis Mouzakis
Categories: Europe (281), Politics (385), Economy (329), Society (140), Greece (496)
It's not the distance; it's the load you carry
It is natural to attempt to instill some hope when one addresses a nation that has been battered by six years of the deepest recession in world history and has endured four years of unprecedented austerity.
Contributor: Yiannis Mouzakis
Categories: Economy (329), Greece (496)
The euro debate Greece is not having
You may be amongst those who are not convinced of the devastating effect that the policy mix and pace of fiscal contraction in Greece is having on society. If so, you may subscribe to the official line trotted out by the country’s lenders that the program is helping the country regain competitiveness and the economy fix its external imbalances.
Contributor: Yiannis Mouzakis
Categories: Europe (281), Economy (329), Greece (496)
![Photo by Can Esenbel [www.mundanepleasure.com]](resources/toolip/img-thumb/2013/10/10/blue_esenbel_800_1010-large.jpg "Photo by Can Esenbel [www.mundanepleasure.com]")
It remains a mystery
The Wall Street Journal leaked this week the minutes of an International Monetary Fund board meeting in May, 2010, just a few days before Greece signed its first bailout. The extracts reveal that there was serious concern among about a third of the country representatives, who raised serious objections about the Greek programme.
Contributor: Yiannis Mouzakis
Categories: Europe (281), Economy (329), Greece (496)