Category Archives: Europe

Greece’s Missing Drivers of Growth

This post mines an issue we’ve discussed repeatedly, that the heavy dose of “reforms” imposed on Greece succeeded in lowering wage costs without providing the expected boost in exports.

On Syriza as a Party: Tragic Flaws, or Tragic Errors?

By Lambert Strether of Corrente. The YouTube below, titled “The Battle Against Austerity: Lessons From Greece,” was recorded at a two-person panel discussion sponsored by Canada’s Socialist Project. The speakers are Leo Panitch, Canada Research Chair in Comparative Political Economy at York University and editor of the Socialist Register, and Richard Fidler, a life long […]

A Pragmatic Approach to External Debt: The Write-Down of Germany’s Debts in 1953

Greece’s crisis has invited comparisons to the 1953 London Debt Agreement, which ended a long period of German default on external debt. Unfortunately for Greece, the motivations driving the 1953 agreement are nearly entirely absent today.

Greek Debt Sustainability: The Devil is in the Tails

The debate over Greek debt sustainability is muddied by the fact that different analysts use different definitions. But once you use realistic assumptions, as in “tails risks” are actually pretty likely, Greek debt is obviously not “sustainable”.

Will the Germans Derail the Tentative Greek Third Bailout?

Human dynamics, which over time played right into the Germans’ and other hardliners’ hands in the earlier chapters of the Greek bailout talks, may now be working against them.

Power 8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, is a $250Mn Pyramid Fraud

Power 8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, is a $250Mn Pyramid Fraud.

Greece Says It Has Reached a Deal with Creditors; New Research Says Germany Comes Out Ahead from Lending to Greece Even with 100% Default

Greece and its creditors have reached agreement on key terms for a so-called “third bailout”

Grexit Stumbling Block: International Courts Likely to Rule Against Forced Contract Redenomination

If Greece decides to exit the euro and abrogate contracts, it is not likely to fare well in the tidal wave of lawsuits and arbitration cases that would ensue.

Lagarde Supports IMF Ukraine Representative in Propaganda Trip to Venice, All Expenses Paid

The first direct evidence of IMF hostility towards Russians as a matter of policy, including multiple violations of the IMF staff code, and an attempt by Lagarde herself and her spokesman Rice to cover up the misconduct of their IMF representative in Kiev.

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Category Archives: Europe

Greece’s Missing Drivers of Growth

On Syriza as a Party: Tragic Flaws, or Tragic Errors?

A Pragmatic Approach to External Debt: The Write-Down of Germany’s Debts in 1953

Greek Debt Sustainability: The Devil is in the Tails

Will the Germans Derail the Tentative Greek Third Bailout?

Power 8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, is a $250Mn Pyramid Fraud

Greece Says It Has Reached a Deal with Creditors; New Research Says Germany Comes Out Ahead from Lending to Greece Even with 100% Default

Grexit Stumbling Block: International Courts Likely to Rule Against Forced Contract Redenomination

Lagarde Supports IMF Ukraine Representative in Propaganda Trip to Venice, All Expenses Paid

Greece’s Debt Burden Can and Must be Lightened Within the Euro

The Challenges of the Greek Crisis

IMF Staff Attempts to Spread Discord Over Greek Bailout to IMF Board

John Helmer: Tulip Sanctions – Russia Busts the Dutch Flower Trust, Almost

More on the IT Implications of a Grexit

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