Europe’s Deal with Greece Nearly Splits the Eurozone
Leaders of the eurozone nations put Greeks and other Europeans on urgent notice at a hastily called summit in Brussels late Sunday evening: The group worked through the night and agreed to a new $100 billion bailout with serious reforms…
To the Brink: Why It’s Time for Greece to Call the Euro Quits
The wind whistling past Alexis Tsipras’s ears must be a deafening howl. The crisis facing the Greek prime minister now mutates by the hour—deteriorating markedly over the past several days. As of Sunday evening Greek time: After emergency meetings with…
After Greece: Radical Overhaul of EU is Next
LONDON—Most of Europe breathed an almost audible sigh of relief late Sunday evening, when the results of the most important elections in modern Greek history became clear. The center-right New Democrats, which took 29.7 percent of the vote, are firmly…
Spain Cuts a Deal: How Short is the Leash?
LONDON—As recently as last Friday Spanish officials, including Finance Minister Luis de Guindos, were offering investors and the markets sanguine reassurance that, no, there would be no need for a European rescue plan for Spain’s ailing banks. Spain could handle…
EU Leaders ‘Occupy Greece’ to Oversee Bailout
The Greek financial rescue package, apart from its obvious necessity as a bailout mechanism, has always been about holding eurozone together, and living up to the legacies left by the European visionaries who started the continent on its way to…
Why the Greek Bailout Won’t Work in the Long Run
For the second time in a little over 3 years, Athens is burning. In December of 2008, police shot and killed a teenage student, igniting an explosive reaction by young people throughout the country and beyond. Back then, the riots…
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