Nick Malkoutzis via Macropolis | A pointless referendum, a prime minister resigning, the opposition collapsing in a heap, the finance minister disappearing and nobody having any plan about what to do: This has all happened over the last few years in Greece. Never, though, all at the same time as has just occurred in the UK.
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.
MADRID | July 20, 2015 | By JP Marín Arrese | Emergency 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.
MADRID | July 14, 2015 | By JP Marín Arrese | The Greek deal has dashed any hopes the eurozone might evolve into a more inclusive area.
The Corner | July 9, 2015 | Athens should make a formal request of a third aid programme with a detailed reforms agenda today. Some analysts say an agreement with its creditors is not out of reach but that a Grexit is unavoidable. Others believe in Mr Tsipras’ determination to fix things and stay in the club for everyone’s sake.
MADRID | July 7, 2015 | By JP Marín Arrese | Taking a shot at sorting out some kind of Grexit to solve the current mess seems unavoidable. Despite the efforts both parties have said they are ready to make to try to keep Greece on board, there is little chance of reaching an agreement in time. Temporary suspension from the eurozone might turn out to be the only plausible answer.
The Corner | July 6, 2015 | As the ECB decides whether to continue providing emergency liquidity assistance (ELA) to Greece this morning, former governing council member José Manuel González-Páramo finds it hard to believe the aid will be increased. A Grexit “is unlikely to happen,” he said on Spanish radio Onda Cero.
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.
MADRID | June 21, 2015 | By JP Marín Arrese | Bertrand Russell coined this famous phrase when the cold war nuclear escalation threatened the survival of the human race. A useful tip for intractable confrontations where sanguine sentiments lead conflicting sides to prefer collective ruin rather than reaching a compromise. The Greek imbroglio is a good example.