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16 'Angry Parents' Lecture Greece
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Preparation for Greece's exit from the euro currency and return to the drachma- November 2011-2012
07/01/2011
Grouped Articles
‘Grexit’ Could Happen by Accident
Wall Street Journal 01/12/2015
New York Times 07/05/2015
New York Times 07/05/2015
Wall Street Journal 11/04/2011
Plan to Leave Euro for Drachma Gains Support in Greece
New York Times 11/01/2011
Europeâs Two Years of Denials Trapped Greece
New York Times 11/05/2011
John Cochrane and other experts give a no-nonsense view of the bailouts and the financial crises facing Europe
12/02/2010
Insights that the real problem is short term debt financing. The need for the EU to insist on long tem debt financing for governments in Europe. The solution for this crisis is not in bailouts of Greece, Spain, Italy and so on, but to swap the short term debt for debt with longer term maturities, and for bondholders to take a haircut. Similiar to the Brady Plan for Latin America in the late 1980's. The bailout of Ireland in reality not a bailout of Ireland, as a bailout of German and British banks that made risky loans to Irish banks and the Irish government. The U.S. government's debt also tilted to short term debt and problems similar to European problems.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
'Contagion' and Other Euro Myths
Wall Street Journal 12/02/2010
As Ireland Flails, Europe Lurches Across the Rubicon
Wall Street Journal 12/27/2010
Running the euro zone: Pact of uncompetitiveness
Economist 02/12/2011
Wall Street Journal 03/11/2011
Europe Needs to Apportion Pain
Wall Street Journal 03/17/2011
Solutions to the Greece crisis.
05/27/2010
Would the solution adopted by Turkey in 2001 work? Devaluation of the currency is not an option for Greece. Turkey devalued the lira 54% in 2001.
Grouped Articles
Greece Can Learn IMF Austerity from Turkey
BusinessWeek 05/27/2010
Wall Street Journal 10/22/2010
European Debt Deal Has Flaws - News Analysis
New York Times 03/14/2011
For Greece, the Path to Restructuring Holds Pitfalls
Wall Street Journal 04/18/2011
Don't Bet on an Imminent Euro-Zone Debt Default
Wall Street Journal 04/18/2011
Expectations Grow for Greek Debt Restructuring
New York Times 04/18/2011
Greece and prime minister Papandreou's Nov. 3, 2011 referendum proposal on the euro and austerity plans
07/01/2011
Grouped Articles
Europe, Athens Battle for Greek Hearts and Minds Ahead of Referendum
Wall Street Journal 06/30/2015
Hopeful Start to Greek Debt Negotiations Quickly Soured
New York Times 07/02/2015
Greek Referendum on Offer That Is Off the Table Baffles Voters
New York Times 07/02/2015
Why Not Give the Greeks Their Say?
New York Times 11/03/2011
Greek Leader Calls Off Referendum
New York Times 11/03/2011
Call for Greek Vote Unsettles Europe
Wall Street Journal 11/02/2011
Greece: politics and government 2009-2012
06/15/2011
Grouped Articles
At Impasse, Greek Leader Vows to Reset Cabinet
New York Times 06/15/2011
Greek Leader Faces Key Confidence Vote
Wall Street Journal 06/21/2011
Wall Street Journal 06/21/2011
Some Greeks Fear Government Is Selling Nation
New York Times 06/22/2011
Greece Approves Tough Measures on Economy
New York Times 06/29/2011
Athens Lawmakers Pass Austerity Legislation
Wall Street Journal 07/01/2011
Greece: prospect of default on debt.
12/29/2009
Grouped Articles
Greece Defaults on IMF Loan Despite New Push for Bailout Aid
Wall Street Journal 07/01/2015
Greece, Missing I.M.F. Payment, Is Called Effectively in Default
New York Times 06/30/2015
Unknown 12/29/2009
Unknown 12/29/2009
The Worst May Not Be Over for Europe
New York Times 12/31/2009
New York Times 02/15/2010
Richard Portes of the London Business School and other experts on the failures inherent in the EU's June 2011 Greece debt plan
06/22/2011
The EU's decision to adopt the French Banking Federation's plan that would double the cost of servicing Greece's debt will only make matters worse. This means increasing interest rates from 4-6% currently to 10% under 2% Greek economic growth, and makes debt servicing untenable. The adoption of similiar plans in the case of Mexico and Argentina in 2001, ended in failure a year after they were adopted, with private creditors taking losses. Financial markets see this with interest rates on Greek debt at 26%. Contagion might turn out to be worse as the situation deteriorates further.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
What Greece Faces if It Defaults
New York Times 04/29/2015
If Greece Defaults, Imagine Argentina, but Much Worse
New York Times 06/25/2015
Move Buys Time for Greece, But Growing Debt Looms
Wall Street Journal 07/01/2011
Greece Approves Tough Measures on Economy
New York Times 06/29/2011
Wall Street Journal 06/30/2011
The twin problems of lack of growth under austerity plans and overvalued currencies of Italy, Greece, Spain and Portugal
06/24/2011
The twin problems of lack of growth and overvalued currencies under the solutions of austerity plans without debt reduction and a single euro currency create impossible odds for a resolution of the eurozone financial crisis. Germany's insistence on tough austerity measures, European banks delaying restructuring of bad loans similar to the U.S. Brady plan, failure of politicians in Italy and Greece to take early action, and small steps by policymakers, are compounding the effects of the eurozone crisis.
Grouped Articles
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
Antonis Samaras of Greece's New Democracy Party and the European Union programs for Greece
07/05/2011
Samaras says the tax increases will hurt the Greece economy and the shrinking Greek economy under the current program will lead to the failure of the E.U.'s program for Greece.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
New York Times 06/23/2013
Fractious Greek Government Splits
Wall Street Journal 06/25/2013
Greek Draft Budget Sees Primary Surplus, Return to Growth
Wall Street Journal 10/14/2013
Athens's Love Affair With the Euro Persists
Wall Street Journal 11/04/2013
Next Hurdle for Greece's Economy: Its Own Political Uncertainty
New York Times 10/13/2014
Faces of recession battered Greece as new austerity programs are adopted by the government
06/28/2011
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
New York Times 11/03/2013
Greece’s prescription for a health-care crisis - The Washington Post
Washington Post 02/22/2014
Across Athens, Graffiti Worth a Thousand Words of Malaise
New York Times 04/15/2014
Greek Patience With Austerity Nears Its Limit
New York Times 12/29/2014
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
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