185 research outputs found
A Syriza election win would be a serious setback for Greece
First paragraph: The Greek economy, after five years of recession, has nearly reached the top of the hill it has been climbing. But there is a real threat that in just a few months it will roll back down again. Access this article on The Conversation website: https://theconversation.com/a-syriza-election-win-would-be-a-serious-setback-for-greece-3557
January poll puts Syriza in driving seat – and Greece on course for economic turmoil
First paragraph: Greece is set for a January 25 election after the national parliament failed to elect a new president and already there is an air of crisis in a country that after five years of instability and austerity measures has just posted its first primary budget surplus in six years of recession. Access this article on The Conversation website: https://theconversation.com/january-poll-puts-syriza-in-driving-seat-and-greece-on-course-for-economic-turmoil-3582
With Greece backing euro but Syriza in government, another election may beckon
First paragraph: Thousands of Greeks poured into the streets of Athens to rejoice Syriza’s win and to crown its leader, Alexis Tsipras, as Greece’s next prime minister. Most of them were the same people who, five years ago, spilled out into the streets celebrating PASOK’s triumph, applauding its leader, George Papandreou, who was prime minister from 2009-2011. Access this article on The Conversation website: https://theconversation.com/with-greece-backing-euro-but-syriza-in-government-another-election-may-beckon-3671
Hard Evidence: can Germany throw Greece a lifeline and save the euro?
First paragraph: Germany has sent the message that a Greek exit from the eurozone might be the lesser of two evils. It has been interpreted as a warning to the Greek electorate ahead of its January 25 election as left-wing party Syriza runs on a platform of easing the country’s debt and austerity burden. Whether Berlin is successful in this effort or not, debt is the sword of Damocles that will hang above the head of the next Greek government. Access this article on The Conversation website: https://theconversation.com/hard-evidence-can-germany-throw-greece-a-lifeline-and-save-the-euro-3587
A Grexit would not be a catastrophe for all Greeks
With no deal reached between Greece and its creditors, there remain doubts as to whether the country will be able to make its next debt repayment to the IMF. Gregory T. Papanikos assesses the consequences of a ‘Grexit’ for the people of Greece. He argues that the Greek government has proven itself incapable of negotiating with other members of the Eurozone and that the fallout from Greece leaving the euro would fall disproportionately on the poor
The Greek sovereign debt: Are there really any options?
Debt Overhang is a controversial issue in the eurozone countries and is considered as one of the factors which created the current economic crisis. How to deal with sovereign debt has been debated both at the theoretical and policy making level. This paper looks at the Greek debt and four options are discussed: (a) unilateral default (b) unilaterally imposed austerity measures (c) restructuring through negotiating and (d) a tax on wealth to pay for the debt. Optimal options depend on the borrowing rate, debt maturity and debt haircut
ECB decision should be good news for Greece, but Syriza will get in the way
First paragraph: The European Central Bank’s decision to spend 60 billion euro a month to buy sovereign debt in order to fight deflation and revive the crumbling eurozone coincides with a snap Greek parliamentary election on January 25.https://theconversation.com/ecb-decision-should-be-good-news-for-greece-but-syriza-will-get-in-the-way-3657
Greece's new debt deal may appease creditors but it won't help the economy
First paragraph: Greece’s new coalition government was elected with a mandate to write off most of the €310 billion sovereign debt, with or without the consent of its creditors. In less than a week in power, this position has already shifted from attaining a debt “haircut” to arranging a debt swap.https://theconversation.com/greeces-new-debt-deal-may-appease-creditors-but-it-wont-help-the-economy-3706
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