The extremism of Greece’s centre ground

Golden Dawn has become a useful tool in the hands of those who try to equate neo-Nazism with the anti-bailout movement. by Aris Chatzistefanou Walter Benjamin once said that “every fascism is an index of a failed revolution”. In that sense, the election of 21 members of the neo-Nazi party Golden Dawn to the Greek parliament could … Continue reading

For Sale: Greek Government Assets — Slightly Used

Greece is trying to raise cash by reviving an ambitious program to privatize state assets. The country’s lenders, which include the European Union and the International Monetary Fund, hope the sell-off will cut the country’s enormous debt. But Antonis Tsifis, who runs a betting shop in a working-class neighborhood in Athens, is upset that the … Continue reading

The women Greece blames for its HIV crisis

Prostitutes have been rounded up and jailed as new cases soar by CHARLOTTE MCDONALD-GIBSON The women glare into the camera, their humiliated, pale faces smeared with make-up and tears. Glazed eyes stare out under lurid headlines warning of “the nightmare of Aids” with “infected prostitutes” posing a “death trap for hundreds of people”.

Euro’s Medicine May Be Making Greece’s Symptoms Worse

By RACHEL DONADIO and SUZANNE DALEY ATHENS — Only a month after Greece installed a new government, the country is facing renewed peril. Its official lenders are signaling a growing reluctance to keep paying the bills of the nearly bankrupt nation, even as the government is seeking more leniency on the terms of its multibillion-euro bailout.

Was It Worth It? Debt-Ridden Greeks Question the Cost of the 2004 Olympics

Eight years after the Athens summer games, Greece is in economic turmoil and the value of all those expensive new facilities is in question. By JOSH SANBURN The Helliniko Olympic Complex in Athens was supposed to be thriving long after the 2004 Summer Olympics had ended. Built on part of the site of the city’s old … Continue reading

Eurozone crisis will last for 20 years

By Wolfgang Münchau I always wondered who buys risky assets after one of these “historic” statements from the European Council. Sometimes the rally lasts for hours. Other times it lasts for days. The last one ended after less than a week; Italian and Spanish spreads are now above pre-summit levels. The consensus among observers had … Continue reading

One more summit: The crisis rolls on

by Charles Wyplosz The EU summit produced a vaguely worded agreement that can and has been read in different ways in different nations. This column provides a quick reaction to what was and was not decided. It concludes that useful progress was made, but this was far from the decisive turn-around that many had hoped … Continue reading

The Real Winners

By PAUL KRUGMAN So the Supreme Court — defying many expectations — upheld the Affordable Care Act, a k a Obamacare. There will, no doubt, be many headlines declaring this a big victory for President Obama, which it is. But the real winners are ordinary Americans — people like you. How many people are we talking … Continue reading

Angela Merkel, swimming instructor

WHEN warnings sound that the end of the euro is nigh, all eyes turn to Angela Merkel, the German chancellor. Germany must “assume its part” in saving the currency, says Spain’s economy minister, Luis de Guindos. If there is rescuing to be done, Germany is the obvious rescuer. Yet rather than toss out the lifebelt, … Continue reading

Angela’s vision

IN THESE times of tribulation for the euro, Germany offers a prophecy. One day, when the euro zone has got beyond the wilderness of austerity and structural reform, it will be rewarded with prosperity. Europe will have worked off its debt and become more competitive. Markets will see that the real problems of the world … Continue reading