Why Greece Should Consider a Eurozone ‘Grexit’
Slower than a roller coaster but faster than a glacier, Europe advances toward a denouement on the Greek questions—and there are several at this point. Fearful of the answers, Europeans are doing what they seem to do best, which is…
For Greece Now, It’s Political and Economic Mess
There’s nothing wrong with buying time if that’s your need. And Greece’s daring new finance minister Yanis Varoufakis got some when he struck a deal in Brussels Friday to extend the European Union’s bailout for four months. The markets greeted…
Neoliberalism is our Frankenstein: Greece and Ukraine are the hot spots of a new war for supremacy
We should be considering the Greece and Ukraine crises together. If only the news media would allow that Europe’s confrontation with Greece, the West’s with Russia as the Ukraine crisis runs nearly out of control: Why is it more useful…
First Greece, Now Spain: Is Europe in for a Political Earthquake?
It took a mere six days for the election victory of the anti-austerity Syriza party in Greece to start ricocheting around Europe like a stray bullet in a concrete bunker. And already the fight between northern Europe’s austerians and their…
Greeks See Light at the End of the Austerity Tunnel
A decisive vote for Syriza and its left-leaning leader, Tsipras A chunk of Draghi’s $1.23 trillion stimulus will go to Greece Time to book a trip—the euro is now $1.11 In a single week, we witnessed these events: Mario Draghi…
A New Leader Could Lift Greece—and Europe—Out of Crisis
Monday’s parliamentary vote could signal an end to austerity The social-democrats want to solve the humanitarian crisis first Then stimulate the economy and bring jobs back to Greece It’s all eyes on Athens this week. There have been many significant…
EU Crisis: Protect the Euro or Ensure Stability?
Most of us thought the crisis in Europe had to do with holding the euro together. It is not so simple after last week’s tumult—in Greece, in Portugal, in Spain, even in Germany. What is at issue now is not…
EU Crisis: This Week Could Change the Global Economy
LONDON—This looks like “the week that was” for Europe, as it prepares for a European Council summit in Brussels this Thursday and Friday. As of Monday evening, a 10-page draft document will begin circulating among EU leaders, outlining a new,…
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…
The Eurozone’s Biggest Challenge: Fear and Panic
It did not take long for the euroskeptics and lemmings to re-emerge in Europe. In a matter of days after the Group of 8 industrial nations met to pledge growth as the Continent’s “imperative,” we now seem to be a…
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