Tsipras’s realpolitik moment approaches
LONDON | June 15, 2015 | Barclays | The banking system has lost nearly 23% of its deposits since November 2014.
In Europe
A Greek proposal that deserves to be heard
ATHENS | June 12, 2015 | By Yiannis Mouzakis via MacroPolis | Alexis Tsipras’s government had many people scratching their heads and some say even officials fuming with its approach and negotiating tactics since it came to power.
Greek negotiations: A marathon that has yet to run its course
ATHENS | June 10, 2015 | By Jens Bastian via MacroPolis | Greece’s negotiations with its international creditors have now entered their eighth month, with a possible interim agreement due to be discussed in Brussels between Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande.
A roadmap to decode Greece negotiations
LONDON | June 10, 2015 | By Antonio Garcia Pascual and Nikolaos Sgouropoulos (Barclays) | We think there are at least two critical issues outstanding: 1) agreeing on credible fiscal measures to achieve a primary surplus of c. 1% of GDP; and 2) fast-track pension reforms to reduce costs and increase the effective retirement age (currently 59).
Greece plays its last winning cards
MADRID | June 9, 2015 | By JP Marín Arrese | From the very moment Ms Merkel vowed to put an end to the Greek crisis, she filled the Hellenic sails with hopes of snatching extra concessions. Athens seems well aware that the German Chancellor is under heavy pressure to secure a deal before the G-7 meeting, and that it will profit from this unexpected manna. It will play these winning cards until they become obsolete.
Greece: More and more confusing, but the clock is ticking
June 8, 2015 | Barclays | After the Greek government failed to reach an agreement with the institutions last week, positions are still far apart and it is very unclear what PM Tsipras wants to achieve, while he is confronted with disagreements within his party. Failure to agree this week would likely make it difficult to have a smooth resolution before the end of June when the programme expires.
Want to fix the EU crisis? Get a eurozone budget –change treaties if needed
The Corner | June 5, 2015 | The eurozone needs its own treasury over and above national budgets, one that would not come at the expense of fiscal discipline at the national level. That is the radical shift advocated by Sigmar Gabriel and Emmanuel Macron, move that has been strongly resisted by Merkel throughout the crisis.
Will Syriza accept the proposal from Greece’s lenders?
ATHENS | June 4, 2015 | By Nick Malkoutzis via MacroPolis | As Greece’s lenders prepare to present Prime Minister Alexis Tsipras with their final proposal, there is one question that everyone wants the answer to: Will Syriza MPs support the deal?
Merkel steps into the Greek imbroglio
MADRID | June 3, 2015 | By JP Marín Arrese | Fearing the next G7 meeting held in Germany might become the platform for an acrimonious exchange over Europe’s inability to sort out the Greek imbroglio, Merkel summoned the key creditors on Monday in a desperate effort to reach a consensus offer for Athens.
Greek talks in chaos
MADRID | June 1, 2015 | By JP Marín Arrese | When Tsipras took over matters from Varoufakis a couple of weeks ago, observers were mildly optimistic about the prospect of Greece reaching a fair deal with its creditors. But yesterday’s remarks by the Hellenic PM on the ‘absurd’ demands filed by his counterparts has dealt a heavy blow to such hopes. The chances of broking an agreement are far away and there are increasing doubts over the ability to reach an understanding before it is too late.