greek crisis

Varoufakis and his friendly fire

ATHENS | Macropolis | The last thing Alexis Tsipras needed right now is his talkative former Finance Minister Yanis Varoufakis to reveal that he had been working on establishing a parallel payment system in the government’s first months in power.

A Greek flag

On the Greek crisis and German imbalances

NICOSIA |By Marios Zachariadis via MacroPolisPolicies undertaken from a narrow national perspective that encourage systematic fiscal surpluses, coupled with a national consensus on wage suppression between unions and industry facilitated by the state, impact negatively upon domestic spending while increasing national saving. 


Greek banks

For Greek banks, it’s business as unusual

ATHENS | July 23, 2015 | By Jens Bastian via MacroPolisNow that the rather bizarrely termed “bank holiday” has come to an end in Greece after three weeks – although domestic and external capital controls – continue, it is appropriate to take stock of the situation and inquire where do we go from here. 


Cameron and Merkel

Has Greece crisis strenghtened Brexit support?

MADRID | July 22, 2015 | By Judith MacInnes | British Prime Minister David Cameron’s ploy to make a grand presentation on his plans for European reform at the June 26 Euro Summit was scuppered by the escalating Greece crisis.



Greek banks

Greek banks open today

MADRID | July 20, 2015 | By JP Marín ArreseEmergency loans to ensure Greece pays back its sovereign commitments in the coming weeks might fail to save it from the dire financial collapse it faces. 


investors greece

UBP on Greek crisis: “There may be positive and negative surprises”

July 10, 2015 | By Patrice Gautry (UBP) | With the Greeks returning a “No” vote in Sunday’s referendum, the country has moved one step closer towards leaving the eurozone, or “Grexit”.  However, Grexit is not automatic and many scenarios may develop, depending on the ECB’s attitude and political developments during the upcoming negotiations




No Picture

Greece fails to know what it voted for

MADRID | July 6, 2015 | By J.P. Marin-Arrese | As people gathered last  night in Syntagma, hailing the crushing victory in the referendum, few seemed aware of its tremendous consequences. Today, as banks remain closed and no cash is available, they will get a nasty taste of what remains at stake for them.