Greek Pensions: The Unsolvable Equation

Yiannis Mouzakis via MacroPolis | Last July the conditionality of Greece’s third programme included savings of 1 percent of GDP from pensions. It did not require any major fortune telling skills to anticipate that this would soon lead the government of Alexis Tsipras into an extremely tense situation.

greece broken

Honey, I Shrunk The Greeks Vol. 2

Yiannis Mouzakis via Macropolis | The IMF formally announced last week that it changed the policy of exceptional access criteria, in essence reversing a highly political decision of the Fund back in 2010, a decision that saved the euro and paved the path for half a decade of economic devastation that sealed Greece’s fate.


Holding Out For A (Reformist) Hero

Nick Malkoutzis via Macropolis | Since the start of the Greek crisis, many international commentators (as well as locals) have been holding out hope that a reformist white knight would emerge from the political morass and ride to Greece’s rescue. Reality, though, has been equally consistent in shattering their illusions. Despite numerous false dawns, the latest candidate for this position is former administrative reform minister Kyriakos Mitsotakis, who caused an upset by winning New Democracy’s leadership vote on January 10th.

euro greece

Regling and Wieser: The key points

The Agora via Macropolis |  Two of the key participants in Greece’s financing programme, the European Stability Mechanism’s Klaus Regling and the head of the Eurogroup Working Group Thomas Wieser, gave interviews to two Greek Sunday newspapers in which they covered a wide range of issues relating to the latest developments in Greece.

grecia bonitaTC

Now comes the really hard part for Greece

One of the main reasons that Alexis Tsipras wanted to hold elections as soon as possible after agreeing the third bailout in August was that it gave him the best chance of obtaining a fresh mandate before the impact of the latest set of fiscal measures was felt by the average voter.