Greece

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.

See more in EU; Financial Crises; 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.

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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