cameron tsipras

Fool Britannia

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.

varoufakis dem TC

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.

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. 

Alexis Tsipras

Grexit should be avoided, even the quite pessimistic analysts argue

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.

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.


Better red than dead

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.