PARIS | July 5, 2015 | By Francesco Saraceno | I have been silent on Greece, because scores of excellent economists from all sides commented at length and in real time on the developments of negotiation, and most has been said. But last week has transformed into a certainty what had been a fear since the beginning. The Troika, backed by the quasi totality of EU governments, were not interested in finding a solution which would allow Greece to recover while embarking on a fiscally sustainable path. No, they were interested in a complete and public defeat of the “radical” Greek government. a
The Corner | June 15, 2015 | Spain’s yield spread soared as Greece talks have stalemated in recent weeks. The country’s 10-year bond yield rose 12 basis points to 2.37 percent at 11:21 a.m. London time.
The Corner | June 9 , 2015 | Some European indexes experienced important losses on Monday (look at the Stoxx 600 today). Market watchers say we can already talk about corrections (-10% from its peak in mid-April)
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.
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.
ATHENS | May 23, 2015 | By Nick Malkoutzis via MacroPolis | A number of eyebrows were raised last week when an opinion poll suggested that former Prime Minister Kostas Karamanlis, who oversaw Greece’s fiscal derailment between 2004 and 2009, is the most popular candidate to take over from Antonis Samaras as New Democracy leader.
ATHENS | April 8, 2015 | By Nick Malkoutzis via MacroPolis | Since it was first recorded in 1944 by American public administrator David Lilienthal, the following anecdote has been told many times and in many ways: A traveller asks a local man for directions and, after much thought, the latter turns to the visitor and says: “My friend, I tell you; if I were you, I wouldn’t start from here.” As Greece and the eurozone remain some distance apart on how to conclude their bailout negotiations, it seems a good time to return to this tale.
April 6, 2015 | Guest post by Jean Tirole | Embroiled with the Greek crisis, European policymakers will soon have to step back and reflect on the broader question of the future of the Eurozone. Before calling for an exit or, on the contrary, for further integration, it is worth pondering over the consequences of each option.