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Europe by Numbers: On the Rocks
The notion of “European solidarity” cuts many ways; right now, it needs to be applied to the EU’s two most pressing problems, Greece and refugees.
(In)credible Euro
The fallout with Greece has shown the complexity of governing the eurozone. The time to address the euro’s weaknesses and keep Europe’s single currency credible is now.
Saving Europe
The real dividing line in the debate about Greece and the euro is whether Germany and Europe should give in to Athens’ demands, or force Greece to reform? Interestingly, both camps are firmly pro-European.
How to Avoid a Grexit
Greece needs to make reforms if it is to return to growth, and it is more likely that this will happen inside the euro than outside. The key is to reactivate a logic that has worked many times: solidarity in exchange for reforms.
Nothing Will Be Clarified
Has anybody counted how often the headline “Now Grexit is unavoidable” has popped up in the media over the last few months? In fact, the ongoing Greek debt crisis is predictable only in its unpredictability.
The Other “No” Camp
Angela Merkel’s government seem to be taking the accelerating Greek crisis in good spirits, and it isn’t hard to see why: with Sunday’s referendum, Greece’s government has taken the country’s fate into its own hands
If the Euro Fails, Merkel Fails
German Chancellor Angela Merkel may not be to blame for the crisis in Greece, but her handling has contributed to the emergency the euro finds itself in now.
Myths of Austerity – and Paul Krugman
Seen from the other end of the Atlantic, the solution to the euro crisis always seemed obvious to some – not least NYT columnist Paul Krugman. Yet the Nobel Prize-winning economist has been wrong on virtually everything he has said about European fiscal policy.
Great Games Revisited
Athen’s and Moscow’s tactical coupling of the Greece crisis and the Russia-Ukraine conflict is upping the ante for the EU. Geopolitical thinking, once passé in Germany, is experiencing a comeback.
Sisyphus Hasn’t Even Gotten Started Yet
Even three decades after joining the EU, Greece is still ruled by feudal Ottoman tendencies.
Greek Unorthodoxy
Greece’s new Syriza government may alarm Brussels, but there is more behind Greece’s affinity for Russia than can be explained by party alliances alone – as polls have shown, keeping Athens in line on Russia policy may be trickier than expected.
Euro Puzzles
Syriza’s election in Greece turned discussion in Europe once more to the possibility of a Grexit. Cutting Athens loose, however, would not help Greece, and do little to repair the eurozone’s remaining problems.
