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Alexis Tsipras, Greek Prime Minister, Sheds His Identity as a Radical
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Syriza party's young leader Alexis Tsipras retains popularity even as Greece accepts the third bailout program from the EU with conditions for pension reform and tax changes. He now says some of the pension reforms were necessary even in the absence of the bailout conditions, saying it is not normal for someone to retire at age 45 or 50. He also says that he is fighting tax evasion so that the rich pay their share of taxes. The mainstream parties have lost confidence because the programs did not ensure a equitable sharing of tax and other measures, and more of the burden falling on the poor. In contrast to Portugal where the tax burden is shared more equitably, more of the burden in Greece has fallen on the poor and less affluent.
Alexis Tsipras retains popularity in Greece following the third bailout program in July 2015, because of the loss of confidence in mainstream parties
07/21/2015
Grouped Articles
Alexis Tsipras, Greek Prime Minister, Sheds His Identity as a Radical
New York Times 07/21/2015
Eurozone Finance Ministers Approve New Bailout For Greece
Wall Street Journal 08/15/2015
Greek prime minister resigns, calls snap elections to shore up support - The Washington Post
Washington Post 08/21/2015
Alexis Tsipras, Greek Prime Minister, Calls for New Elections
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Tsipras’s Syriza wins Greek election - The Washington Post
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Greek Prime Minister Tsipras Faces Voter Anger - SPIEGEL ONLINE
SPIEGEL ONLINE 11/01/2016
Alexis Tsipras, of the Coalition of the Radical Left, or Syriza party in Greece in 2012 elections and EU elections of 2014
05/13/2012
Grouped Articles
New York Times 06/23/2013
Athens's Love Affair With the Euro Persists
Wall Street Journal 11/04/2013
European Elections to Test Greek Coalition
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Next Hurdle for Greece's Economy: Its Own Political Uncertainty
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The retirement system in Greece
06/08/2015
Daley provides an indepth account of the problems facing the retirement system in Greece. The EU and Greece's creditors are calling for the elimination of the early retirement provisions in the system which let some people retire at 50 years, and cuts in pensions in addition to the 35-43% in cuts already made. This is a key stumbling block in the creditor negotiations with the Syriza government in June 2015. The pension system had problems before the crisis and is highly fragmented with 130 different pension funds. It took a hit of 10 billion euros early in the crisis, as the value of the Greek government bonds declined in value, wiping out about 60% of the reserves. Pensioners face difficult prospects with the poorly financed pension system supporting about 2.6 million pensioners. About 45% of pensioners live below the poverty line, according to Greece's government figures.
Grouped Articles
Pensions in Greece Feel the Pinch of Debt Negotiations
New York Times 06/08/2015
As Greece Deadline Looms, European Central Bank Plays Key Role
New York Times 06/21/2015
Alexis Tsipras, Greek Prime Minister, Sheds His Identity as a Radical
New York Times 07/21/2015
The solution shift to debt sustainability for Greece, a point on which Germany, France and the IMF agree
07/10/2015
Merkel and Schauble of Germany have opposed debt haircuts for Greece in July 2015, but have left open the possibility of debt sustainability by stretching the debt over a longer period with even lower interest rates. This is the position now adopted by the IMF and France. This is also the way past debt crises have been resolved in Latin America, with haircuts emerging at a later stage when a consensus can be obtained on the issue. About 2.5% of GNP goes to paying the interest on debt and principal payment. These payments are higher in the next 5 years, and with the mismanagement of the economy under the Syriza left government this is likely to be unsustainable. Stretching the payments over an extended period will provide Greece more room to grow. Greece will still need to maintain financial discipline with expenditures lower than revenues in coming years, regardless of which party runs the government.
Grouped Articles
Debate Over Greek Debt ‘Relief’ Begins With the Definition
New York Times 07/10/2015
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
Alexis Tsipras, Greek Prime Minister, Sheds His Identity as a Radical
New York Times 07/21/2015
Personalities Clashing Over How to Handle New Greek Bailout
New York Times 07/23/2015
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
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
Greece's shipping sector and taxes in Greece following the election of Syriza in 2015- the EU's demand for structural reforms in tax collection
01/28/2015
Grouped Articles
Greek Ship Owners Fear Syriza Tax Plan
Wall Street Journal 01/28/2015
Baltic Dry Freight Index Plummets Amid Commodities Slump
Wall Street Journal 02/06/2015
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
New York Times 02/27/2015
Greek Shipping Industry Frets Over Higher Taxes
Wall Street Journal 07/13/2015
Alexis Tsipras, Greek Prime Minister, Sheds His Identity as a Radical
New York Times 07/21/2015
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