greek debt

Greek Parthenon

Greek debt: markets waiting for a watered-down agreement

The Corner | April 21, 2015 | Markets remain divided about the Greek debt negociations –or rather the lack of them. Time is running out and Athens’ legislative act asking public sector entities to transfer idle cash reserves to Greece’s central bank, in order to deal with a cash squeeze, proves it. That plan could raise about 2 billion euros ($2.15 billion), according to sources quoted by Bloomberg.


Greece and its lenders: Where do you start?

Greece and its lenders: Where do you start?

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.

No Picture

The education of Alexis Tsipras

ATHENS | March 3, 2015 | By Nick Malkoutzis via MacroPolisThere was a defining moment in the recent election campaign. It wasn’t New Democracy’s decision to go full negative by running a campaign ad that suggested Armageddon was around the corner. Nor was it To Potami’s claim that it would unveil its plan for reaching an agreement with Greece’s lenders after the elections. Instead, it came on a mild Thursday night in Omonia Square.

pause key

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. 

greek crisis

Greek crisis: If you are going to “play the wild and crazy guy” scenario…

NEW YORK | By Peter Tchir via TrumanMuch has been made of the “Game Theory” behind the Greek Debt Negotiations. It is complex as it is not just Greece versus Germany, but other countries have a say, and then there are the purely EU level politicians, making this all very complex. I have been thinking a lot about one of the classes I took in college that had some element of “Game Theory” to it.

Tsipras PP TC

A bridge to a bailout?

MADRID | By Sean Duffy | The Greek Government is expected to apply for a bailout extension today, but it remains to be seen on whether or not Tsipras has been flexible enough to mollify the concerns of EU politicians.

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What led to the breakdown between Athens and Brussels?

BRUSSELS | By Alexandre MatoGreek authorities again rejected  a Eurogroup statement regarding the extension of its bailout programme. Brussels wants a continuation of the second bailout, but the Syriza goverment wants a 4-month bridge with new rules to be applied. The gulf between both sides has emerged as bigger than initially thought.


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Greece talks set to go to the wire

Madrid| JP Marin-Arrese| There is little chance that the Eurogroup will broker a way out of the Greek conundrum later today. As time runs out in the nail-biting tussle between Greece and its creditors, investors may start to lose their nerve. Even if they gauge that a potential Grexit would bring about limited damage for other partners, no one can exclude the possibility of turmoil erupting in the markets.