Greece

Analysis Brief

Rescue or Risk for Greece?

Author: Christopher Alessi

Greece appears to have averted imminent default, but its recovery prospects remain clouded by the severity of its planned austerity measures and the impact cutbacks have already had on its stricken economy.

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Analysis Brief

Does the Greek Deal Go Far Enough?

Author: Christopher Alessi

Even as Greek leaders agree to new austerity measures, the IMF is calling on Greece's official creditors to take losses on its bond holdings. Analysts and policymakers increasingly question the wisdom of EU-mandated austerity measures at the expense of growth.

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Analysis Brief

Managing a Greek Default

Author: Christopher Alessi

Despite a German parliamentary vote to boost the eurozone's bailout mechanism, Greek sovereign debt levels appear unsustainable and a default may be inevitable. Most economists think the question now is how to make the process orderly.

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First Take

Muddling through Greece's Tremors

Author: Marc Levinson

At the center of market upheaval over Europe's debt crisis is Greece, which faces daunting challenges despite a pending bailout. But it should be counted on to muddle through with reforms, writes CFR's Marc Levinson.

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Interview

A Growth Strategy for Greece

George Papandreou interviewed by Christopher Alessi

The EU and IMF should loosen the austerity requirements of Greece's bailout package to allow the indebted country to implement needed growth-enhancing policies, says former prime minister George Papandreou.

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Interview

A 'Deepening' European Union

Iain Begg interviewed by Christopher Alessi

Though Standard and Poor's ranks Greece as the world's lowest-rated economy, calling into question the eurozone's future, economist Iain Begg says the debt crisis will paradoxically have the effect of deepening EU integration.

See more in Greece; EU; Financial Crises