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 Greek patient returns for more help

by BEN CHU The Greek begging bowl is being brandished, once again, in European capitals. The leader of the country’s coalition government, Antonis Samaras, wants Athens to be given more time to fulfil the conditions of its IMF/EU bailout. Under the agreement’s present terms, Athens is required to reduce its budget deficit, which stood at 9.3 … Continue reading

‘Reckless’ And ‘Unprofessional’: German Minister Criticized for Greece Comments

German Economy Minister Philipp Rösler has been accused of being reckless and unprofessional after saying he is skeptical that Greece’s reform efforts will succeed and that a Greek exit from the euro had “lost its horrors.” But some senior members in Germany’s ruling coalition agree with him. German Economics Minister Philipp Rösler, the leader of … Continue reading

Most Greeks think new government cannot solve woes: poll

(Reuters) – Most Greeks believe their new government is unable to resolve their near-bankrupt country’s problems, a poll found on Thursday. Greece depends on a second 130 billion-euro bailout from the International Monetary Fund and European Union, who demand spending cuts that have helped push it into its worst recession since World War Two and put … 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

ECB warns Greece as ministers plan softer bailout bid

By Harry Papachristou and George Georgiopoulos (Reuters) – The European Central Bank told Greeceon Monday not to waste time trying to renegotiate its international bailout as government ministers hashed out a plan for easing its punishing terms before a review by the country’s lenders. Echoing Greece’s euro zone partners, ECB policymaker Joerg Asmussen signalled that Prime Minister Antonis … 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

Can lefties do Britishness?

BY ROWENNA DAVIS Like most good teenagers, I had a lot of dramatic political revelations. This was one of them: we all have multiple identities. I might be a Londoner, a Brit, English and European. But the identity that matters most is our humanity. If everyone could realise that we’d all be ok. No more wars, … Continue reading