Agora
Capital controls in Greece? A response to Professor Sinn
While capital controls might be an appropriate intermediate solution for Greece as argued by Professor Sinn in his recent Financial Times note, Professor Sinn misses or misrepresents the picture on a number of counts.
Categories: Europe (119), Economy (169), Greece (260)
Everybody be cool
It’s less than three weeks since the Greek government was elected and its Finance Minister Yanis Varoufakis has just taken part in his first Eurogroup – an experience that some of his predecessors have described as traumatic. Yet, a surprisingly large number of people appear convinced that Greece is heading for a showdown with the eurozone and may be counting its last weeks in the single currency.
Contributor: Yiannis Mouzakis
Categories: Europe (119), Politics (171), Economy (169), Greece (260)
What we've got here is a failure to communicate
Following a chaotic beginning to its first days in office, the SYRIZA-led coalition is beginning to settle into a more stable pattern in terms of its relationship with the eurozone. Those first, faltering steps have left a blot in the government’s copybook that it will be hard to erase over the coming days and weeks.
Contributor: Nick Malkoutzis
Categories: Europe (119), Politics (171), Economy (169), Greece (260)
The alternative of (tax-based) capital controls for Greece
At first glance, the potentially catastrophic consequences of Grexit on the rest of the Eurozone provide the Greek government with an important bargaining chip. However, the Greek government should take into consideration that Grexit is not the only possible alternative in case an agreement with the rest of the EZ cannot be reached soon.
Contributor: Marios Zachariadis
Categories: Economy (169), Greece (260)
Another euro stitch unpicked
If there was any doubt that the negotiations between the new Greek government and its lenders are going to be incredibly tense, there isn’t now. The European Central Bank’s decision on Wednesday night to stop accepting Greek government bonds as collateral from local lenders has minimal practical impact in the short-term but maximum effect in symbolic terms.
Contributor: Nick Malkoutzis
Categories: Europe (119), Politics (171), Economy (169), Greece (260)