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Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Keywords:
Faces in Greece under austerity cuts with new elections approaching in Jan. 2015
12/29/2014
Grouped Articles
Greek Patience With Austerity Nears Its Limit
New York Times 12/29/2014
Voices Join Greek Left's Call for a New Deal on Debt
New York Times 01/08/2015
Wall Street Journal 01/21/2015
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
Greek Austerity Spawns Fakery: Playing Nurse
New York Times 02/07/2015
Portraits From Greece as It Endures a Crisis
New York Times 06/23/2015
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
Greece's agreement with the EU and the IMF in March 2014 which provides for 500 million euros to go to help austerity weary Greek citizens
03/18/2014
The agreement which will lead to release of 10 billion euros from the EU and IMF focusses on growth oriented steps, aid to homeless, government employees hit hardest, and boost to incomes. The negotiations took 7 months.
Grouped Articles
Greece Reaches Deal to Release Foreign Rescue Funds
New York Times 03/18/2014
Next Hurdle for Greece's Economy: Its Own Political Uncertainty
New York Times 10/13/2014
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief
Wall Street Journal 07/03/2015
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
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
The austerity spending cuts and new taxes in Greece- 2011-2012
06/28/2011
Grouped Articles
Greek Patience With Austerity Nears Its Limit
New York Times 12/29/2014
Greek Ship Owners Fear Syriza Tax Plan
Wall Street Journal 01/28/2015
Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.
New York Times 07/01/2015
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
Wall Street Journal 06/29/2011
Two-Day Strike in Greece Ahead of Austerity Vote
New York Times 06/28/2011
Why the March 2012 Greece bailout protects the EU, but is bad for Greece and for democracy
06/30/2011
Nothing to be proud of, says the Journal in its editorial on Feb. 29, 2012. For Greece the terms leave no hope for a return to growth, and that the two political parties in Greece were required to pledge their support for austerity measures against overwhelming public opposition in Athens says little for democracy. It would have been better for Greece to go into a planned default 2 years ago with steeper haircuts for European banks and reducing Greece's debt to a manageable level lower than the over 120% of GDP in 2020 of the March 2012 bailout plan, says the Journal.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
New York Times 11/03/2013
Wall Street Journal 03/12/2012
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
Faces of austerity protests in Athens, Greece, in 2014
04/15/2014
Grouped Articles
Across Athens, Graffiti Worth a Thousand Words of Malaise
New York Times 04/15/2014
Next Hurdle for Greece's Economy: Its Own Political Uncertainty
New York Times 10/13/2014
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
Portraits From Greece as It Endures a Crisis
New York Times 06/23/2015
Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.
New York Times 07/01/2015
Greece, debt and the new austerity budgets 2011-2013
12/10/2009
Grouped Articles
Greek Draft Budget Sees Primary Surplus, Return to Growth
Wall Street Journal 10/14/2013
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
Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.
New York Times 07/01/2015
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
Greece: Austerity Budget Passed
New York Times 12/25/2009
Greece's austerity measures and why the cuts hit lower paid workers the most
02/13/2012
Grouped Articles
Greece’s prescription for a health-care crisis - The Washington Post
Washington Post 02/22/2014
Greek Patience With Austerity Nears Its Limit
New York Times 12/29/2014
Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.
New York Times 07/01/2015
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
Greek leaders’ priorities questioned - The Washington Post
Washington Post 02/19/2012
New York Times 02/13/2012
Grexit- Greece and the Argentina example of default and recovery revisited in June 2015 with an impasse in debt negotiations
06/25/2015
James Stewart in the NYT cites 2 papers, one by Prof. Arturo Porzecanski at American University and the other from Daniel Gros at the Center for European Policy Studies in Brussels, which show the serious problems of Greece following the Argentina example. Argentina defaulted on its debt in 2001 with the the ensuing years resulting in economic chaos. It recovered because of demand from Brazil and China for its exports of soyabeans, corn and soya oil. It also has large oil and shale reserves. Greece's main exports are cotton and fish, which are not in high demand, and cannot provide an economic boost. Tourism has gone up with price reductions, yet total revenues have not changed. The Greek banks are dependent on the ECB for financing, and the Greek business sector operates with borrowings in euros. Conversion to drachmas would be much more difficult than Argentina's shift to the peso and removing the peso's peg to the dollar. Stewart says he talked to Greece's finance minister Varoufakis about this, and Varoufakis is of the view that Argentina is not the right example for Greece. Greeks voted in Syriza to negotiate a better deal, and rejecting austerity- yet a majority of Greeks in 2015 favor staying in the eurozone and the European Union.
Grouped Articles
If Greece Defaults, Imagine Argentina, but Much Worse
New York Times 06/25/2015
Greece Calls Referendum on Bailout Terms
Wall Street Journal 06/27/2015
Greek Debt Crisis Intensifies as Extension Request Is Denied
New York Times 06/27/2015
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
Wall Street Journal 07/02/2015
Syriza in Greece and Podemos in Spain- anti-austerity parties in Greece and Spain in 2015
01/24/2015
Grouped Articles
Leftist Syriza party set to win Greek vote, setting up showdown with Europe - The Washington Post
Washington Post 01/24/2015
Greek Financing Talks Break Down Amid Deep Divisions Over Bailout
Wall Street Journal 02/17/2015
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
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
The Greece referendum of July 5, 2015
07/02/2015
Grouped Articles
Bailout Referendum Lays Bare Deep Schisms Among Beleaguered Greeks
New York Times 07/04/2015
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
In Greek Referendum Campaign, a Barrage of Doomsday Ads
New York Times 07/03/2015
New York Times 07/03/2015
Greeks Reject Bailout Terms in Rebuff to European Leaders
New York Times 07/05/2015
Emphatic ‘No’ Prompts Greek Pride and Revelry
New York Times 07/05/2015
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