What Kind of Brexit, What Kind of European Union?
Feb 9, 2017 | 04:00—05:30
A discussion on Brexit with Iain Begg, Professorial Research Fellow at the European Institute, London School of Economics.
Austerity without debt relief courts new unrest in Greece
May 9, 2016
Economist James K. Galbraith warns that ‘unrealistic expectations’ by Athens’ creditors is a recipe for turmoil
Fiscal Austerity & Greece
Sep 24, 2015
Professor Richard Portes discusses the problems of Europe and then specifically drills down into Greece itself.
Jim Chanos on What Lies Ahead for Greece
Sep 18, 2015
As Greece heads to the polls, a look back at the crisis and what the future will bring.
Joseph Stiglitz: “Deep-seatedly wrong” economic thinking is killing Greece
Aug 19, 2015
The latest austerity deal is terrible for Greece and Europe.
Is it Just a Greek Problem?
Aug 13, 2015
In the last couple of months, Greece has once again become the center of attention of politicians, academics, and the general public. The debate has, for a large part, focused on Greece’s fiscal deficit as if it were just a self-inflicted Greek problem. But is it?
Greece, Goldman Sachs, and the Dark Side of International Finance
Jul 28, 2015
Dubious transactions and flimsy accounting standards need scrutiny.
EU refuses to acknowledge mistakes made in Greek bailout
Jul 21, 2015
As I write this it would be appear that the Greek crisis is finally coming to an end. In this report I would like to discuss why the negotiations were so fraught and what an agreement actually means. In a nutshell, the EU sought to address matters with the same kinds of measures that had been tried in the past, while Greece argued that doing so would not make things any better—and would in fact make them far worse.
Myths, Mix-ups and Mishandlings: What Caused the Eurozone Crisis?
The Eurozone crisis has been wrongly interpreted as either a crisis of fiscal profligacy or of deteriorating unit-labour cost competitiveness (caused by rigid labour markets), or a combination of both.
The Greek Revolt Against Bad Economics Threatens European Elites
Jul 9, 2015
A look behind the scenes of the Greek referendum and what could happen next.
Greece, Europe, and the Future: The Institute Perspective
Jul 8, 2015
The thunder from the Greek “No” vote in the referendum on Sunday, July 5 continues to roll around the world.
Why 'Grexit' could be good for Greece
Jul 7, 2015
It is a shame that Greece was unable to manage its finances and is now slipping into chaos. But this outcome was inevitable and could not be permanently averted with loans from the international community.
Sinn Advises Greece to Reinstate the Drachma
Jul 6, 2015
It is time for Greece to make a daring leap and adopt its own currency, says Ifo President Hans-Werner Sinn. “The drachma should be introduced immediately as a virtual currency,” Sinn said in Munich.
Grexit: The Staggering Cost Of Central Bank Dependence
Jul 5, 2015
The ECB has decided to maintain its current level of emergency liquidity to Greece (ECB 2015). By refusing to extend additional emergency liquidity, the ECB has decided that Greece must leave the Eurozone. This may be a legal necessity or a political judgement call, or both. Anyway, it raises a host of unpleasant questions about the treatment of a member country and about the independence of the central bank.
Fixing the Eurozone
Jul 1, 2015
Greece: reculer pour mieux sauter
Europe’s Attack on Greek Democracy
Jun 30, 2015
The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.
IMF Country Report 15/165: Greek Debt Sustainability Analysis
According to Reuters, Eurozone officials attempted to suppress the publication of this report.
Greece Has Made Tough Choices. Now It's the IMF's Turn.
Jun 18, 2015
The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?
Laid Low: The IMF, The Eurozone and the First Rescue of Greece
As Greece descended into a financial maelstrom in the spring of 2010, a small group of staffers at the International Monetary Fund (IMF) held top-secret talks with officials from the German and French finance ministries to discuss the idea of restructuring Greece’s debt.
Greece and the Eurozone
Apr 14, 2015
Yanis Varoufakis and Joseph Stiglitz discuss Greece’s financial challenges and the associated Eurozone politics in this exclusive conversation.
Identifying Weaknesses in the Eurozone
Dec 19, 2014
How should the Eurozone handle unemployment and other immediate hurdles?
Debt Restructuring versus Monetary Easing: The Eurozone Experiment
Since the outbreak of the Greek debt crisis at the end of 2009, the Eurozone finds itself in an unprecedented debt crisis.
Working Paper Series
Crisis and Recovery in the German Economy: The Real Lessons
Owing to its strong dependence on exports, Germany was among the economies hit hardest by the financial crisis.