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The Reboot Greece Needs

New York Times Original article ›

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Loukas Tsoukalis, professor of European Integration at the University of Athens and the president of the Hellenic Foundation of European and Foreign Policy, provides a view of the debt crisis from inside Greece. A default on Greece's debt of $500 billion would seriously affect other European countries and also affect the U.S. Tsoukalis says a national unity government is needed to take the bold steps that are needed to privatize state assets, cut public sector jobs and increase tax collection. Growth is critical, as an austerity program that fails to do this will fail to pull Greece out of the debt crisis. He calls for agreement on the question of who should bear how much of the cost for the mistakes of the past, taxpayers and private creditors. Discussions on this question are being undertaken by governments and private creditors as the crisis enters a new and dangerous phase. And for the countries involved in this crisis - Ireland, Portugal, Spain - there is the question of what will happen after two decades of European integration, whether these achievements will be undermined by excessive borrowing, consumption and poor financial management.

George Papandreou's leadership during the Greece crisis- 2010-2011

06/15/2010

Papandreou has provided leadership on the issues facing Greece by walking the talk, with straight talk about the action needed, consulting economic experts in America who are in his inner circle, and working with European leaders for solutions. He has kept his profile modest and set a role model for his ministers and public officials.

Grouped Articles

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Greek Leader Faces Key Confidence Vote

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Greece's Bailout Brinkmanship

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The Reboot Greece Needs

New York Times 06/21/2011

Greece: prospect of default on debt.

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Greece Defaults on IMF Loan Despite New Push for Bailout Aid

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Greece, Missing I.M.F. Payment, Is Called Effectively in Default

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The Worst May Not Be Over for Europe

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The Making of a Euromess

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Debt Restructuring for Greece- 2010-2012

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Grouped Articles

Policy ‘Troika’ for Europe Financial Woes at Odds

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Investors Doubt Orthodoxy on Greek Debt

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Interview by the Guardian and five other European newspapers with president Hollande of France in mid-October 2012

06/21/2011

Hollande expresses his disappointment with the actions of chancellor Merkel of Germany in not supporting direct aid to Spain's banks by the European Stability Mechanism fund as agreed in June and helping lower the borrowing rates of Spain and Italy. He calls it unfair that France and Germany can borrow at 1% and Spain and Italy have to borrow at 7%. He also says Greece should not be subject to perpetual punishment after coming this far. It is Hollande's boldest effort to articulate France's frustration with Merkel's following domestic opinion in framing policy for the eurozone and delves into the many issues.

Grouped Articles

Year Into Hollande Presidency, ‘a Sense of Drift’

New York Times 05/04/2013

EU Dismisses IMF's Criticism On Greek Bailout

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Policy ‘Troika’ for Europe Financial Woes at Odds

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France Says It Will Miss Budget Deficit Targets

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In Race to French Presidency, Hollande Sets His Own Pace

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Hollande fires warning shot at Merkel over austerity on eve of EU summit | World news | guardian.co.uk

The Guardian 10/17/2012


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