Comment and analysis on the twists, turns and crucial questionsby Prospect Team / July 9, 2015 / Leave a comment
“Drama?” “tragedy?” draw your own classical metaphor—whatever you call it, Greece’s debt crisis has been a remarkable political showdown. The polarising debate between austerity and reinvestment has never been more important or clear cut as in the negotiations between the left-wing Syriza party, eurozone leaders and Greece’s creditors. For the first time in history, a developed country has defaulted on its debt to the IMF. With a Brexit referendum on the horizon and the British left in turmoil, all sides of the political spectrum have been transfixed. Throughout, Prospect’s panel have been giving in-depth analysis of the volatile situation and the crucial economic and political questions it raises. As the crisis reaches its climax, read our commentary here.
How did we get here? How Greece became Europe’s fault line
Why the nation voted OXi (No), by George Magnus.
Greece should never have joined the euro
A short-term fix is possible, but finding long-term stability will be harder, writes Vicky Pryce.
What happens when a country defaults?
Our guide to the short and long-term consequences by Jay Elwes.
What’s next? It is now Sunday or bust
If a parallel currency emerges that will be the beginning of the end, writes George Magnus
What now for Greece?
Glory is often short-lived. Financial suffering, on the other hand, can continue for generations, writes David Patrikarakos.
It’s in Britain’s interests for Greece to stay in the eurozone
Greece’s troubles are a reminder that Europe is not a happy family, writes Nick Carn.
What comes after Oxi?
Can the country win a stay of execution, asks George Magnus
The Varoufakis effect Yanis Varoufakis was offered up as a token sacrifice
There is something abnormally pathetic about the spectacle of the forced resignation of Greek finance minister, writes James Bone.
Who is the new Greek Finance Minister Euclid Tsakalotos?
What you need to know about Yanis Varoufakis’s less combative successor, writes Alex Dean.
Master of inconsistency
The former Finance Minister needed to apply his economic muscle to his moral cause, writes Bronwen Maddox.
A game theorist leads Greece’s challenge to the austerity doctrine imposed by Berlin: James Bone profiles the former Finance Minister.
Referendum dramas The Greek Referendum was a corruption of democracy
If this is how Greece takes big decisions, then should it be allowed to stay in the European Union, asks Peter Kellner.
A “No” would bring…