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Greece’s Long and Painful Odyssey
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Palaiologos of the Kathimerini newspaper in Athens, Greece, says the early euphoria of support for Tsipras is fading, as the negotiations with the EU require Tsipras to go back on his election pledges and require difficult choices. He points to a poll from the University of Macedonia putting government support of its negotiating strategy in April 2015 at 45.5%, down from 72% in February 2015. He says the Syriza government has conveyed different and contradictory messages, wasting a lot of the goodwill in Europe for Greece's position, and by backtracking on agreements put Greece back into recession. Greece needs to take responsibility for how deep the crisis is compared to a country like Ireland or Portugal, because of dysfunctional public administration and political systems, says Palaiologos. The EU and Greece need to make a fresh start after all the false starts of the early part of 2015.
Yannis Palaiologos of Katherimini newspaper on Greece in 2015, the rise of Syriza and Tsipras, and the negotiations with the EU
01/21/2015
Palaiologos gives a Greek view of the debt crisis and a failing grade for the Pasok and New Democracy parties in letting Greece fall into the debt crisis and failing to improve tax collection to protect a favored elite. The quick rise of Syriza is a response to the situation where much of the burden of servicing the debt, the spending cuts and the higher taxes, has fallen on the lower and working classes, with the upper classes in Greece failing to pay their fair share of taxes to cut the budget deficit.
Grouped Articles
Greece Is Set on a Collision Course With Europe
Wall Street Journal 01/28/2015
Wall Street Journal 01/21/2015
New York Times 02/27/2015
Greece’s Long and Painful Odyssey
Wall Street Journal 04/22/2015
Greece Says It Is Changing Team That Negotiates With Creditors
New York Times 04/27/2015
The James Dean Movie That Explains the Greek Debt Negotiations
New York Times 04/28/2015
Alexis Tsipras's economic policy, debt, and the economy in Greece before the Jan. 2015 general election
01/28/2013
Grouped Articles
Voices Join Greek Left's Call for a New Deal on Debt
New York Times 01/08/2015
‘Grexit’ Could Happen by Accident
Wall Street Journal 01/12/2015
Politics Risk Tripping Up Greece on Debt Relief
Wall Street Journal 01/16/2015
Wall Street Journal 01/21/2015
Greece’s Long and Painful Odyssey
Wall Street Journal 04/22/2015
The Heat Is on Greece’s Alexis Tsipras, From Inside and Out
New York Times 05/24/2015
Difficult negotiations between the Syriza government in Greece and the E.U., ECB, IMF, in Feb.- June 2015
01/26/2015
Grouped Articles
New Leader in Greece Now Faces Creditors
New York Times 01/26/2015
Greece Moves Quickly to Roll Back Austerity
Wall Street Journal 01/28/2015
Russia Links Loom Larger as Greece Seeks Debt Relief
Wall Street Journal 01/29/2015
Greece Runs Into Doubt Over Europe Deal
Wall Street Journal 02/05/2015
IMF Says No Talks With Greece to Change Debt-Relief Framework
Wall Street Journal 02/05/2015
ECB Holds the Cards in Greek Standoff
Wall Street Journal 02/06/2015
The changing mood in Athens, Greece, with the new government of Alexis Tsipras in 2015
01/28/2013
Less security around parliament, cafes and bars filled till midnight, public support for the Tsipras government climbs to 70%, a new sense of optimism pervades Athens after five years of austerity and protests. Ordinary Greeks feel the new government can take action to end the cronyism and corruption that led to the economic crisis.
Grouped Articles
Greeks Take Heart From Syriza Government’s Defiance Toward Europe
Wall Street Journal 02/09/2015
Greece Flashes Warning Signals About Its Debt
New York Times 04/19/2015
Greece’s Long and Painful Odyssey
Wall Street Journal 04/22/2015
The Heat Is on Greece’s Alexis Tsipras, From Inside and Out
New York Times 05/24/2015
Greece and Its Creditors Pummel Each Other, but Fight Is Not Over Yet
New York Times 06/19/2015
Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.
New York Times 07/01/2015
Brinksmanship in the EU- Greece's Syriza government negotiations just before the June 30, 2015 date for debt repayment to the IMF
04/22/2015
Grouped Articles
Economist 06/20/2015
Greece and Its Creditors Pummel Each Other, but Fight Is Not Over Yet
New York Times 06/19/2015
Greece’s Creditors Make Some Concessions as Showdown Approaches
Wall Street Journal 06/03/2015
The Heat Is on Greece’s Alexis Tsipras, From Inside and Out
New York Times 05/24/2015
Greece’s Long and Painful Odyssey
Wall Street Journal 04/22/2015
A Finance Minister Fit for a Greek Tragedy?
New York Times 05/20/2015
Alexis Tsipras of the Coalition of the Radical Left in Greece's parliamentary elections of Jan. 25, 2015
01/28/2013
Grouped Articles
Greece to Face Early Elections After Presidential Vote Fails
Wall Street Journal 12/29/2014
Greek Vote Shouldn’t Unseat Eurozone
Wall Street Journal 12/30/2014
Europe Braces for Economic Fallout as Greece Heads to Early Elections
New York Times 12/29/2014
Voices Join Greek Left's Call for a New Deal on Debt
New York Times 01/08/2015
‘Grexit’ Could Happen by Accident
Wall Street Journal 01/12/2015
Politics Risk Tripping Up Greece on Debt Relief
Wall Street Journal 01/16/2015
Austerity, Germany, and the economic crisis in Greece in 2015- the role of extreme levels of borrowing in the crisis
02/27/2015
Prof. Rogoff at Harvard and Prof. Bulow at Stanford point to the role of extreme levels of borrowing as the root cause of Greece's economic crisis. Greece would have suffered more if the EU and ECB had forgiven the debt but refused to lend since 2010, say Bulow and Rogoff. The popular rhetoric puts the blame on Germany for the austerity programs, yet this does not tell the entire story of profligate borrowing and spending till 2009, and the efforts of the EU and the ECB to find a way out of the crisis with conditional financing of the government and banks.
Grouped Articles
Don’t Blame Germany for Greece’s Profligacy
Wall Street Journal 04/17/2015
New York Times 02/27/2015
New York Times 04/20/2015
Greece Flashes Warning Signals About Its Debt
New York Times 04/19/2015
Greece’s Long and Painful Odyssey
Wall Street Journal 04/22/2015
Greek Deal or No Deal: Investors Question Which Is Worse for Euro
Wall Street Journal 06/28/2015
Krugman on the debt negotiations between Greece and the EU in April 2015- how the Syriza government Greece wins flexibility for 2015-2016
02/24/2015
Krugman cuts through the fog of media commentary about the Greece negotiations with the EU in April 2015. He says in actual fact the situation is better for Greece than under the previous government, with Greece winning new flexibility for how much it must make in cuts. Under the Samaras government the primary surplus, which is the difference between revenue and expenditures not counting interest on debt, would have to triple from what it is likely to be now. Syriza Tsipras government has won flexibility by keeping language about increases in the future surplus obscure. Krugman points out that it is the primary surplus that matters most, because it is the money Greece has to transfer to creditors. On the revenue side Krugman says collecting taxes needs to be more efficient, and he cannot see how this should be any other way. In the eurozone as a whole the move is away from austerity and towards constructive reforms that promote economic growth. Italy and France also won new flexibility in talks with the EU in addressing the deficit for 2015-2016. As a result the story is positive for the eurozone, yet commentary in the media makes it look like there is the prospect of further decline in the region. As a sign of the recovery auto sales in the eurozone increased by about 9% year over year for the 1st quarter of 2015, with sales increases across the eurozone including Greece and Ireland, and large increases in Spain, Portugal.
Grouped Articles
New York Times 02/27/2015
In Greek Crisis, Rare Moment of Consensus
New York Times 02/24/2015
New York Times 04/20/2015
Greece Flashes Warning Signals About Its Debt
New York Times 04/19/2015
Greece’s Long and Painful Odyssey
Wall Street Journal 04/22/2015
Greece Says It Is Changing Team That Negotiates With Creditors
New York Times 04/27/2015
The 4 month agreement between Greece's Syriza government and the EU in April 2015
02/24/2015
With the agreement the Greece government agrees to crack down on tax evasion and smuggling of oil and tobacco. It wins concessions for social programs for the poor and to help struggling homeowners with mortgages.
Grouped Articles
In Greek Crisis, Rare Moment of Consensus
New York Times 02/24/2015
Greece Flashes Warning Signals About Its Debt
New York Times 04/19/2015
Greece’s Long and Painful Odyssey
Wall Street Journal 04/22/2015
Pensions in Greece Feel the Pinch of Debt Negotiations
New York Times 06/08/2015
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