Greece

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

Interview

Weighing a Second Greek Bailout

Daniel Gros interviewed by Christopher Alessi

Greece will undoubtedly receive a second bailout from the EU and IMF. But expert Daniel Gros says it remains to be seen whether default is inevitable and if banks and other private bondholders will also take a hit.

See more in Greece; Financial Crises

Must Read

Reuters: Complete the Job

Author: Hugo Dixon

"Greece's reform job is not even half finished. The government hasn't done enough to root out the vested interests that strangle the economy. Nor has it cracked down fully on tax evasion or pushed hard enough to privatise state-owned properties."

See more in Greece; Economic Development

Must Read

Vanity Fair: Beware of Greeks Bearing Bonds

Author: Michael Lewis

As Wall Street hangs on the question "Will Greece default?," Vanity Fair's Michael Lewis heads for riot-stricken Athens, and for the mysterious Vatopaidi monastery, which brought down the last government, laying bare the country's economic insanity.

See more in Financial Crises; Greece

Must Read

CRS: Greece's Debt Crisis: Overview, Policy Responses, and Implications

Authors: Rebecca M. Nelson, Paul Belkin, and Derek E. Mix

Over the past decade, Greece borrowed heavily in international capital markets to fund government budget and current account deficits. The profligacy of the government, weak revenue collection, and structural rigidities in Greece's economy are typically cited as major factors behind Greece's accumulation of debt.

See more in Greece; Financial Crises

Must Read

FT: Why Greece Will Have to Leave the Eurozone

Author: Desmond Lachman

According to Desmond Lachman of the American Enterprise Institute, Greece is approaching the final stages of its currency arrangement. There is every prospect that within two to three years, after much official money is thrown its way, Greece's euro membership will end with a bang.

See more in Greece; Financial Crises; EU

Op-Ed

Will Greece Decide the German Elections? If So, What's Next?

Authors: Benn Steil and Dinah Walker
Forbes Online

Benn Steil's latest Forbes op-ed, co-authored with Dinah Walker, shows why Greece may turn out to be a deciding factor in the German elections. While it is widely believed that a fresh mandate for Chancellor Merkel means more robust German involvement to end the eurozone crisis, they show why the loss of her FDP coalition partner could mean the opposite.

See more in Greece; Germany; Elections; International Finance