Are the Greeks the victims of unjust circumstances, or are they sinners for whom paytime is justly at hand? The international discourse about Greece has been debating this question since the beginning of the Greek crisis in 2009. Most economists generally focus on the inherent errors of the euro to...
Month: May 2012
The inexorable rescue of Greece
When the Roman armies of Julius Caesar and Pompey met in 48 BC near the Greek city of Pharsala the Athenians made the mistake to side with Pompey. Following Pompey’s crushing defeat Caesar advanced his legions towards Athens where he was met by a citizen delegation who pleaded to him...
The end of Europe?
What a fine mess we've found ourselves in! Following a confusing election result and the incapability of Greek politicians to manage a crisis Greece is heading for the Grexit, the exit from Euro. Spain is on the brink of financial meltdown. Hollande braves storms and thunderbolts to fly to Berlin...
The positive side of the Greek elections
Last night (6/4/12) the political system of Greece since the restoration of democracy in 1974 collapsed. The two dominant political parties, centre-right New Democracy and centre-Left Pasok, were thrashed by the electorate. The liberals, split in two tiny parties, did not manage to enter Parliament. The big victors were the...