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title: The Greek Crisis

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language: en

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B tags

Wall Street Journal

Financial Times

Spiegel

Το Βήμα

Reuters

Guardian

by Wolfgang Münchau

Economist

New York Times

by Tim Harford

We keep hearing about a eurozone debt crisis. But who owes the money? And to whom?

If we all owe the debt to each other, can’t we just wipe the slate clean?

Why would we owe each other money like that?

Bloomberg

Edward Paul Lazear interviewed by Romesh Vaitilingam

Vox

BBC News

The restructuring plan

της Αρτέμιδος Καπούλα

Protagon.gr

A chronology of key events (BBC News)

Q&A about the Greek Crisis (Times)

Eurozone debt crisis jargon-buster (FT)

Timeline: Greece's Journey to the Edge of Euro Disaster (Guardian)

Q&A: Greek Debt Crisis (BBC)

U tags

I tags

October 17, 2011

SPIEGEL

Berlin is unhappy about a weapons deal in which France plans to supply warships to highly indebted Greece free of charge for the first five years, and at a big discount when payment comes due. Firms and politicians in Germany say taxpayers may end up paying for part of the deal, and they want Chancellor Angela Merkel to intervene.

It is widely recognised that without a firewall around illiquid but solvent Eurozone countries, a loss of confidence in the markets could increase interest rates to levels high enough to make any country insolvent. The aim of this column is to propose a concrete plan to build such a firewall and halt the spread of contagion of the debt crisis to Italy and Spain.

17 Οκτωβρίου 2011

Greece will not meet its deficit-reduction target.

Spain will not meet its deficit-reduction target, which is more likely to come in at 9% of GDP than the promised 6%.

October 16, 2011

Proto Thema

October 15, 2011

October 14, 2011

FT

August 14, 2011

Markets are already prepared for a Greek default. This column says the real question is not whether Greece will default – it is how big a haircut will be imposed on creditors and what the consequences will be.

14 Οκτωβρίου 2011

October 13, 2011

The departing central banker says policymakers in the eurozone have to strengthen banks’ balance sheets but also restore credibility.

Financial Times

13 Οκτωβρίου 2011

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Monday, October 17, 2011

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Thursday, October 13, 2011

Aristides Hatzis' op-eds

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addressanchor text
Greece Gears Up for More Unrest
11:05 PM
Links to this post
Bondholders warn on Greek deal
10:41 PM
Links to this post
Europe’s bank recapitalisation plan must change
10:33 PM
Links to this post
Paresh Nath (National Herald)
10:10 PM
Links to this post
Mixed messages from Berlin confuse markets
10:05 PM
Links to this post
Investors question European rescue plan
9:50 PM
Links to this post
Greek austerity plans threaten growth
8:49 PM
Links to this post
Merkel, Schäuble Temper Expectations for Summit
8:35 PM
Links to this post
Europe Deeply Divided Ahead of Make-or-Break Summit
8:00 PM
Links to this post
The size of the eurozone’s “big bazooka”
5:03 PM
Links to this post
Greek 2010 budget deficit revised up
4:33 PM
Links to this post
Europe's Politicians Side with the Protesters
3:00 PM
Links to this post
France to Sell Frigates to Greece in Controversial Deal
2:45 PM
Links to this post
Capping interest rates to stop contagion in the Eurozone
Wyplosz 2011a
De Grauwe 2011
Wyplosz 2011b
2:30 PM
Links to this post
ΕΛΣΤΑΤ :
1:08 PM
Links to this post
What the G20 can do to solve the eurozone crisis
12:00 PM
Links to this post
Eurozone: Sticking plaster, not cure
10:49 AM
Links to this post
Deadline Sets Stage for Crucial Euro Week
10:45 AM
Links to this post
Kipper Williams (Guardian)
10:42 AM
Links to this post
Όχι στην 6η δόση!
10:40 AM
Links to this post
Greece heads for standstill before austerity vote
10:39 AM
Links to this post
IMF's Top Powers Resist Rescue Talk
8:40 AM
Links to this post
Southern Europe Could Learn From Ireland
8:23 AM
Links to this post
Riber Hansson (Svenska Dagbladet)
12:54 AM
Links to this post
Germany: bigger Greek write downs likely
11:30 PM
Links to this post
German finance minister: Greek debt write-down must be larger
11:15 PM
Links to this post
Banks must take bigger losses on Greek loans, says German finance minister
10:05 PM
Links to this post
Greece Fighting to Secure Permanent Debt Solution
9:46 PM
Links to this post
G20 calls for speedy eurozone package
9:22 PM
Links to this post
Greek PM calls for unity before reform vote
7:40 PM
Links to this post
Eurozone: faith, hope and capital
7:20 PM
Links to this post
Why Europe’s officials lose sight of the big picture
4:28 PM
Links to this post
The driver and the passenger: How a skewed Franco-German partnership upsets the euro
10:30 AM
Links to this post
European Officials Struggle Toward a Debt Solution
8:20 AM
Links to this post
Recapitalising Europe’s banks: Cushion calculations
8:20 AM
Links to this post
Papandreou begs Greeks to help avert "catastrophe"
9:27 PM
Links to this post
G20 tells eurozone to tackle debt crisis
8:28 PM
Links to this post
Live from G20: Solving the Euro-Zone Crisis
8:14 AM
Links to this post
Debt crisis? Let’s just call it quits
1:04 AM
Links to this post
Investor threat to second Greek bail-out
10:37 PM
Links to this post
Italy, Spain `Ring Fence' Needed to Stop Contagion
10:21 PM
Links to this post
German Politicians Call for Changes to EU Treaties
8:54 PM
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Pressure Is Rising in the Search for a Euro Solution
6:57 PM
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Europe’s Lehman moment?
3:29 PM
Links to this post
Greek government vows to pass cuts in "fight for existence"
3:25 PM
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What options remain for Greece to resolve its debt crisis?
10:50 AM
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Eurozone debt crisis: Greece's wild card
10:46 AM
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What haircut for Greece?
10:26 AM
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Eurozone: Brics back to the rescue?
10:22 AM
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Banks' Paths Vary in Greek Write-Downs
9:49 AM
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Να με φοβάστε
9:38 AM
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Three-Prong Approach to Euro-Zone Crisis
8:36 AM
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German Bankers Argue Against Capital Plans
8:15 AM
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Officials Narrow Options for Fund
8:00 AM
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Euro Zone Mulls Rescue-Fund Options
1:45 AM
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FT interview: Jean-Claude Trichet
12:46 AM
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Policymakers say Greek deal must avoid default
10:06 PM
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Greek accounting: common sense
7:27 PM
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Greek state power militants hold sit-in
6:57 PM
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Greek debt enters Argentina-style twilight zone
6:57 PM
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ECB Issues Warning to Euro-Zone Members
6:40 PM
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Εικονική πραγματικότητα
6:00 PM
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Britton on Greek Domino Contagion Effect
6:00 PM
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Greek Euro Exit Seen as Catastrophic by Ambrosiadou
5:30 PM
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ECB Warns on Bigger Greek Hit to Banks
5:01 PM
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EU and Germany Face Challenges But No Immediate Recession
4:30 PM
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Older Posts
Home
Posts (Atom)
"Moral Hazard in Greece" (New York Times, June 26, 2011)
"The Inevitable Second Slump" (New York Times, October 11, 2011)
"Lessons from Greece" (Korean Herald, August 11, 2011)
"From Athens to Seoul" (Korean Herald, August 23, 2011)
Prof. Aristides Hatzis
Moral Hazard in Greece
Το δίλημμα του φυλακισμένου
Όπως το Μνημόνιο - δυστυχώς
Ο Έλληνας Ξάδερφος
Η κατάντια της Αθηναϊκής Τριλογίας
The Inevitable Second Slump
Lessons from Greece
Κλάψε, παλιάτσο... (Η ελληνική κρίση και οι στρουθοκάµηλοι στη Βουλή και στην πλατεία)
The EU is running out of choices to tame the crisis
Το Θεσμικό Έλλειμμα
2011
October
Greece Gears Up for More Unrest
Bondholders warn on Greek deal
Europe’s bank recapitalisation plan must change
Paresh Nath (National Herald)
Mixed messages from Berlin confuse markets
Investors question European rescue plan
Greek austerity plans threaten growth
Merkel, Schäuble Temper Expectations for Summit
Europe Deeply Divided Ahead of Make-or-Break Summi...
The size of the eurozone’s “big bazooka”
Greek 2010 budget deficit revised up
Europe's Politicians Side with the Protesters
France to Sell Frigates to Greece in Controversial...
Capping interest rates to stop contagion in the Eu...
ΕΛΣΤΑΤ :
What the G20 can do to solve the eurozone crisis
Eurozone: Sticking plaster, not cure
Deadline Sets Stage for Crucial Euro Week
Kipper Williams (Guardian)
Όχι στην 6η δόση!
Greece heads for standstill before austerity vote
IMF's Top Powers Resist Rescue Talk
Southern Europe Could Learn From Ireland
Riber Hansson (Svenska Dagbladet)
Germany: bigger Greek write downs likely
German finance minister: Greek debt write-down mus...
Banks must take bigger losses on Greek loans, says...
Greece Fighting to Secure Permanent Debt Solution
G20 calls for speedy eurozone package
Greek PM calls for unity before reform vote
Eurozone: faith, hope and capital
Why Europe’s officials lose sight of the big pictu...
The driver and the passenger: How a skewed Franco-...
European Officials Struggle Toward a Debt Solution...
Recapitalising Europe’s banks: Cushion calculation...
Papandreou begs Greeks to help avert "catastrophe"...
G20 tells eurozone to tackle debt crisis
Live from G20: Solving the Euro-Zone Crisis
Debt crisis? Let’s just call it quits
Investor threat to second Greek bail-out
Italy, Spain `Ring Fence' Needed to Stop Contagion...
German Politicians Call for Changes to EU Treaties...
Pressure Is Rising in the Search for a Euro Soluti...
Europe’s Lehman moment?
Greek government vows to pass cuts in "fight for e...
What options remain for Greece to resolve its debt...
Eurozone debt crisis: Greece's wild card
What haircut for Greece?
Eurozone: Brics back to the rescue?
Banks' Paths Vary in Greek Write-Downs
Να με φοβάστε
Three-Prong Approach to Euro-Zone Crisis
German Bankers Argue Against Capital Plans
Officials Narrow Options for Fund
Euro Zone Mulls Rescue-Fund Options
FT interview: Jean-Claude Trichet
Policymakers say Greek deal must avoid default
Greek accounting: common sense
Greek state power militants hold sit-in
Greek debt enters Argentina-style twilight zone
ECB Issues Warning to Euro-Zone Members
Εικονική πραγματικότητα
Britton on Greek Domino Contagion Effect
Greek Euro Exit Seen as Catastrophic by Ambrosiado...
ECB Warns on Bigger Greek Hit to Banks
EU and Germany Face Challenges But No Immediate Re...
Deutsche Bank CEO Opposes Barroso Plan
ECB warns against private role in bail-outs
EU Banking Risks Are ‘Rapidly’ Growing
Το δίλημμα του φυλακισμένου
Τα καλά των καταλήψεων...
Ανοχύρωτες πόλεις
Αεί ανήλικοι
Διμελής επιτροπή
Is This the End of the Beginning for the Euro Cris...
Χ. Πισσαρίδης: Αισιοδοξώ για κούρεμα 50%
EU banks may raise
Eurozone banks must be freed from national capital...
EU Pushes Bank Plan
Europe's Bailout Fund Overcomes a Hurdle
Haircuts and the cost of sovereign default
New Greek PSI haircut around 30-50 percent
Greece Budget Deficit Widens 15%
Greek banks rebound on Athens debt plans
Barroso implores EU to act on Greece
EU Commission urges Europe to act on Greece
Slovakian Parties Agree to Back Euro Fund
Barroso promises proper bank health checks
A Path through Europe’s Minefield
A Standby Program for the Eurozone
OECD: Tests Needed on Sovereign Exposure
The fallacy of the ‘big bazooka’
Γιατί 2004 και όχι 1983;
As concerned Europeans we urge eurozone leaders to...
ECB Chief: Europe Is 'Epicenter' of Crisis
Can we have euro bonds without cross-country subsi...
As Greece Avoids a Default, Recapitalization Plans...
Time for euro bonds – but with conditions
Barroso ready with plan to prop up European banks
The Swedish model for Europe’s bail-out
An iron will and a poetic touch – Solon knew best
Slovaks Reject, for Now, Expansion of Bailout Fund...
Greeks pay for crisis with health and wealth
Greece on target to get €8bn rescue aid – but more...
New Effort Focuses on Bigger Greek Write-Down
Greek Bond Deal: Too Good to Last
Coco for Europe
Setting Up the Greek Default
Greece: One step closer to more bailout funds
Greece payout likely to go ahead
'EU Leaders Are Staring at Markets Like Rabbits at...
Statement by the European Commission, the ECB and ...
Bond Insurance Could Contain the Debt Crisis
America’s blueprint for saving Europe’s banks
Why Greece, Spain, and Ireland Aren’t to Blame for...
The Inevitable Second Slump
A win-win strategy for investors in Greece
Is Europe Sliding Into a Double-Dip Recession?
Focus on the Long Term
All Eyes on Germany
It Boils Down to Banks
The Two Europes Diverge
More Pain for Europe Banks
How to stabilise the eurozone’s banks – and satisf...
Fiat Money and the Euro Crisis
Greece’s austerity measures collide with reform ho...
It’s time for a radical blueprint for a new Europe...
Kipper Williams: haircut for Greek bondholders
Watch What Escapes From Under the Ring Fence
George Osborne calls on Europe to be decisive over...
Greece’s Proton draws on Financial Stability Fund
Europe's Banks Show Further Cracks
Merkel and Sarkozy struggle for common ground
Europe’s Banks in Race Against Time
Athens Hit by Transit Strike
Germany and France Still at Odds Over Bailout Pack...
Greeks pay for economic crisis with their health
Οι γκοτζαμάνηδες της Δραχμής
European leaders delay summit
Europe's Attention Shifts to Its Ailing Banks
Pimco's Balls on European Bank Capital Plan, Greec...
Η μεγάλη ληστεία
Merkel and Sarkozy Set Deadline for Crisis Plan
The Greek Meltdown: Putting the Hell in Hellas
When Greece defaults, which South American country...
Germany, France seen bracing for a default
Health effects of financial crisis: omens of a Gre...
Euro Buyers Putting Faith in Wrong Place
Eurozone leaders must stop trying to “muddle throu...
Germany and France Say Deal Near to Recapitalize B...
Merkel, Sarkozy Say a Deal Is Near
Europe's debt crisis: Tweets from the breadline
Save Europe’s unity now
Germany signs investment deal to boost Greek econo...
Eurozone quick-fix will create political monster
Cameron calls for euro ‘big bazooka’
Merkel and Sarkozy set euro deadline
Greece must default, says former PM Sir John Major...
Συντηρητικοί μύθοι που αναπαράγουν την κρίση
Το
Δημοψήφισμα, μια ατυχής πρωτοβουλία
Ηλίας Μακρής
Οδοφράγµατα στην προκοπή και στην πρόοδο
Dry Bones (Israel)
Ο καλός Γερμανός
Το χρέος είναι αποτέλεσμα και όχι αιτία
Κώστας Μητρόπουλος
Φόροι αντί εμπιστοσύνης
Ο
Πρόσωπα της κρίσης
Αυτοί οι πολλοί, οι λίγοι
Europe Girds for Greece
Εμείς του ’80 οι εκδρομείς...
Η τέλεια καταιγίδα
Europe’s back office nerds at the fore
Τρόμος χωρίς τέλος
Arend van Dam (Netherlands)
Αναγκαία αλλά όχι ικανή συνθήκη το
Σκληρή κριτική από τον ΣΕΒ για τα οικονομικά μέτρα...
Γιατί διαφωνεί ο κ. Παπαδήμος
For Greeks, future is a void
Μπούμερανγκ
Fate of Eurozone bailout rests on Slovak politicia...
Europe and Its Money
Boomerang: Michael Lewis’s whistlestop tour of Eur...
Despair and resignation in Greece as more pain loo...
Germany offers Greece a helping hand
Greece Finds Itself in Default Mode
What Options Are Left for the Common Currency?
Germany, France split on bank aid before summit
Slovakian EFSF Opponent Sulik: 'The Greatest Threa...
The Euro’s Hard Rain Falls
Europe Begins Working on Plan B for the Euro
Η ανομία ως

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