Greece

Tsipras

Don’t give up on politics!

MADRID | June 18, 2015 | By Luis Martí | The negotiating tactics of the Greek government can only be understood against the backdrop of an impossible set of electoral promises –impossible, that is, unless the government gained access to an unlimited inflow of financial resources from abroad at no charge. This not being the case, President Tsipras has to act within a constrained framework. 




Greece deal

Greece is gasping for a deal

ATHENS | April 22, 2015 | By Nick Malkoutzis via MacroPolis The Greek government made another payment to the International Monetary Fund earlier this month. This time it was just 450 million euros, a relatively manageable amount compared to the 1.5 billion that Greece had to pay back to the IMF in March. Each of these payments brings relief that a possible default has been avoided, but they also bring greater anxiety that a default is getting closer.


Greece's return

Greece in the month ahead

The Corner | April 2, 2015 | Manos Giakoumis, chief analyst with Greek financial website Marcropolis, speaks to The Corner about the most pressing issues currently confronting the Greek government. He notes that the ECB squeeze on Greek banks issuance of T-bills could prove problematic in the month ahead, and says that the thorny issue of privatisations could continue to thwart negotiations with the country’s creditors.


Now Investment

Consumer confidence points to brighter times in EMU

The Corner | March 30, 2015 | Consumer confidence in the EMU is set to hit its highest level in eight years, with economic sentiment improving across the currency block. In Spain, inflation figures are expected to remain in negative territory, but with the caveat that lower prices are having positive knock-on effects elsewhere in the economy.


Tsipras and Varufakis

Greece in dire distress

MADRID | March 17, 2015 | By JP Marín ArreseThe cliffhanger tactics applied by Varoufakis have backfired. He has lost precious time in his bid to baptise the barbarous Troika under the more Christian and palatable name of Institutions. 


coffee-with-beans

Morning briefing: US Fed language will focus attention

The Corner | March 16, 2015 | The week ahead is likely to be dominated by the FOMC meeting in the US.  Market watchers are expecting some movement on the semantics of pronouncements by the US Fed. In essence, any change in language will signal that a rates hike from the central bank is drawing closer.


pause break

Greece: A pause in uncertainty but for how long?

ATHENS | By Nick Malkoutzis via MacroPolisIs 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. 


No Picture

Greek agreement does not dispel mistrust and acrimony

MADRID, February 23,2015 | By JP Marín Arrese The agreement reached on Friday averted a full-fledged crisis but did not dispel mutual mistrust and acrimony. EU partners remain far from convinced the Hellenic government will honour its commitments. Irritation accumulated in the days following the deal, which Mr Schäuble underlined with his the grossly impolite and scathing remarks that “ Greeks certainly will have a difficult time to explain the deal to their voters”. This acrimonious climate points to further clashes flaring in future.  The last-minute truce will not entail a stable peace.