The Greek Crisis

Tuesday, January 18, 2011

Is it time for European debt restructuring?

Economist
January 13-17, 2011

Laurence Kotlikoff (Jan. 13)
Countries should analyse carefully and weigh whether it's worth fighting the panic

Viral Acharya (Jan. 13)
Debt restructuring should be paired with bank recapitalisation

Michael Pettis (Jan. 14)
Europe should reduce its debt burden as quickly as possible

Gilles Saint-Paul (Jan. 14)
It is still time to emphasise fiscal consolidation

Michael Heise (Jan. 14)
Rushing into restructuring would be a big mistake

Hyun Shin (Jan. 15)
Fix the banking system, and the sovereign debt crisis will fix itself

Harold James (Jan 15)
There's a strong moral and political case against restructuring

Paul Seabright (Jan 15)
Stop pretending default isn't necessary, start preparing for it

Michael Bordo (Jan. 17)
Limited benefits to default without a tighter fiscal union

John Makin (Jan. 17)
Restructuring is necessary to address a solvency crisis

More

See also
Posted by Yulie Foka-Kavalieraki at 10:31 AM
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

Aristides Hatzis' op-eds on major international media

Has Greece found the formula for defeating populism? (Washington Post, July 16, 2019)

Interview to Spiegel magazine (in German) "Die Griechen haben verstanden, dass der Staat kein Geld herbeizaubern kann" (August 16, 2018)

The Surprisingly, Almost Eerily, Calm Greek Election (Wall Street Journal, September 16, 2015)

Statesman or Ideologue - Tsipras has to Chooce (Financial Times, July 11, 2015)

A Perilous 'No' to the Status Quo (Wall Street Journal, July 8, 2015)

A "Take-It-Or-Leave It" Vote is a Recipe for Disaster for Greece (Financial Times, June 28, 2015)

A Split Verdict on the Blackmail and Bullying Over Greece (Financial Times, June 11, 2015)

There's No Compromising With the Greeks (Wall Street Journal, February 4, 2015)

Greece Needs Broader Structural Reforms Than Syriza Has Proposed (New York Times, January 27, 2015)

Greece's Reforms Have Only Cracked the Surface (Wall Street Journal, December 6, 2013)

Greece Needs a Fresh Start (New York Times, December 1, 2013)

Watch Greece - it may become Weimar Germany (Financial Times, November 7, 2013)

Lots of Excuses for the Cyprus Plan, One Big Problem (New York Times, March 19, 2013)

Political Unity Must Come First (New York Times, January 28, 2013)

Storming the Greek Academy (Wall Street Journal, November 15, 2012)

Germany Should Stay in the Eurozone (New York Times, November 12, 2012)

In Greece, Syriza Will Be Back With a Vengeance (CNBC, June 29, 2012)

Back to the 1930s: The Hammer, Sickle and Swastika (Financial Times, June 19, 2012)

Adding to the Uncertainty (New York Times, November 2, 2011)

The Inevitable Second Slump (New York Times, October 11, 2011)

From Athens to Seoul (Korean Herald, August 23, 2011)

Lessons from Greece (Korean Herald, August 11, 2011)

Moral Hazard in Greece (New York Times, June 26, 2011)

Aristides Hatzis on the Greek Crisis

Greece at a Crossroads: What is at Stake, and What to Expect. A Webinar featuring Aristides Hatzis

The Economic Crisis and the Economic Science

Greece as a Precautionary Tale of the Welfare State

Aristides Hatzis' visit to South Korea

Voice of America interview (in Greek)

Facebook

Facebook

Aristides Hatzis

  • Homepage
  • SSRN Page
  • ResearchGate
  • Academia Page

Other Blogs by Aristides Hatzis

  • A Blog About Nothing
  • Liberty
  • Ελληνική Ένωση Οικονομικής Ανάλυσης του Δικαίου

Subscribe to "The Greek Crisis"

Posts
Atom
Posts
Comments
Atom
Comments

Search This Blog


by Petar Pismestrovic

About

This blog is dedicated to the understanding of the current Greek (but also European) economic, political and institutional crisis. It was created by Prof. Aristides Hatzis of the University of Athens, after many requests by his students who seek a source of reliable analysis on the Greek current affairs. Its aim is to post commentary and reports published mainly in the major U.S. and European media and to encourage a rigorous discussion.

Contributors

  • Aristides N. Hatzis
  • Yulie Foka-Kavalieraki

Total Pageviews

The Greek Crisis

A Political History of Modern Greece (1821-2108)

A chronology of key events (BBC News)

Greek Drama: Who's Who (WSJ)

The Greek crisis explained (France24)

IMF and Greece Fast Facts

Eurozone debt crisis jargon-buster (FT)

Eurozone debt crisis: Greek timeline (Guardian)

Q&A: Greek Debt Crisis (BBC)

Financial Glossary (BBC)

Understanding modern Greece: a Q&A (Stathis Kalyvas)

See also

  • Crisis Observatory
  • Greek Economists for Reform
  • MacroPolis
  • Policy Analysis Research Unit
  • Inside Greece
  • Greek Default Watch

Popular Posts (last 30 days)

  • The Proust index
    Economist February 25, 2012 Now almost five years old, the economic crisis rumbles on. In order to assess how much economic progress it h...
  • Eurozone banking union is deeply flawed
    by Hans-Werner Sinn and Harald Hau Financial Times January 28, 2013 Largely ignored by public opinion, the European Commission has dr...
  • IMF cannot join Greek rescue, board told
    by Peter Spiegel Financial Times July 30, 2015 The International Monetary Fund’s board has been told Athens’ high debt levels and poo...
  • Οι επιχειρησιακές συμβάσεις είναι η σωστή λύση
    των Δημήτρη Βαγιάνου και Κώστα Μεγήρ Καθημερινή 31 Δεκεμβρίου 2010 Ενα ζήτημα που βρίσκεται στην επικαιρότητα αυτές τις μέρες είναι το ...
  • ECB Debate Continues
    Wall Street Journal December 22, 2011 Do European banks use the nearly €500 billion they borrowed from the European Central Bank to boost...
  • Greek deal may imperil sovereign CDS market
    Reuters October 29, 2011 The future of the Credit Default Swap (CDS) market -- used to hedge against the risk of a country defaulting -- ...
  • A Parallel Currency for Greece
    by Thomas Mayer Centre for European Policy Studies May 20, 2015 Greece and its creditors seem to be engaged in a game of chicken: both ...
  • The Audacity of the Euro: A Look Back at a Tense 2010
    by Stephen Fidler Wall Street Journal December 24, 2010 With every passing month in 2010, the audacity of the euro's creation has b...
  • Greek Renaissance
    by Olli Rehn Wall Street Journal August 24, 2010 Recall March 2010. Tensions over the Greek debt crisis were running high within the eu...
  • Τράπεζες: Κοινωνικά ζητήματα
    του Τάσου Τέλλογλου Protagοn.gr 30 Οκτωβρίου 2011 Πολλοί τραπεζίτες αντέδρασαν τις προηγούμενες μέρες στο «κούρεμα» του χρέους, πιστεύο...

Blog Archive

  • ►  2020 (10)
    • ►  February (3)
    • ►  January (7)
  • ►  2019 (64)
    • ►  December (2)
    • ►  October (4)
    • ►  September (5)
    • ►  August (2)
    • ►  July (21)
    • ►  June (2)
    • ►  May (8)
    • ►  February (6)
    • ►  January (14)
  • ►  2018 (125)
    • ►  December (3)
    • ►  November (4)
    • ►  October (9)
    • ►  September (9)
    • ►  August (16)
    • ►  July (11)
    • ►  June (23)
    • ►  May (7)
    • ►  April (7)
    • ►  March (10)
    • ►  February (15)
    • ►  January (11)
  • ►  2017 (201)
    • ►  December (10)
    • ►  November (10)
    • ►  October (9)
    • ►  September (14)
    • ►  August (13)
    • ►  July (21)
    • ►  June (26)
    • ►  May (21)
    • ►  April (16)
    • ►  March (12)
    • ►  February (27)
    • ►  January (22)
  • ►  2016 (168)
    • ►  December (18)
    • ►  November (13)
    • ►  October (12)
    • ►  September (22)
    • ►  August (17)
    • ►  July (7)
    • ►  June (9)
    • ►  May (31)
    • ►  April (12)
    • ►  March (7)
    • ►  February (9)
    • ►  January (11)
  • ►  2015 (1177)
    • ►  December (12)
    • ►  November (14)
    • ►  October (16)
    • ►  September (31)
    • ►  August (26)
    • ►  July (102)
    • ►  June (128)
    • ►  May (78)
    • ►  April (131)
    • ►  March (132)
    • ►  February (269)
    • ►  January (238)
  • ►  2014 (159)
    • ►  December (43)
    • ►  November (11)
    • ►  October (14)
    • ►  September (6)
    • ►  August (6)
    • ►  July (5)
    • ►  June (13)
    • ►  May (9)
    • ►  April (16)
    • ►  March (9)
    • ►  February (10)
    • ►  January (17)
  • ►  2013 (538)
    • ►  December (18)
    • ►  November (31)
    • ►  October (41)
    • ►  September (32)
    • ►  August (22)
    • ►  July (31)
    • ►  June (46)
    • ►  May (39)
    • ►  April (49)
    • ►  March (84)
    • ►  February (80)
    • ►  January (65)
  • ►  2012 (3300)
    • ►  December (72)
    • ►  November (102)
    • ►  October (89)
    • ►  September (166)
    • ►  August (162)
    • ►  July (189)
    • ►  June (346)
    • ►  May (537)
    • ►  April (32)
    • ►  March (140)
    • ►  February (791)
    • ►  January (674)
  • ▼  2011 (6567)
    • ►  December (445)
    • ►  November (814)
    • ►  October (858)
    • ►  September (636)
    • ►  August (145)
    • ►  July (689)
    • ►  June (1038)
    • ►  May (694)
    • ►  April (394)
    • ►  March (393)
    • ►  February (246)
    • ▼  January (215)
      • Φως στο τούνελ!
      • «Όχι» στην αναδιάρθρωση λέει ο Σόιμπλε
      • Greece in talks to avoid sovereign default
      • Να τελειώνουμε
      • Τα ανθρωπάκια
      • Το Άσυλο Ανιάτων της οδού Σόλωνος
      • Άσυλο α λα ελληνικά
      • Το γλωσσάρι της οικονομικής κρίσης
      • Η ηθική της ευθύνης
      • Τελευταία επιλογή, η αναδιάρθρωση
      • Η νομιμοποιητική ψευδαίσθηση
      • What’s Broken in Greece? Ask an Entrepreneur
      • European Union talks on Greek debt as IMF flies in
      • Greece: In at the deep end
      • Το μεγάλο κράτος φέρνει ύφεση
      • Bankers Urge Europe Action
      • Η συντηρητική Αριστερά...
      • Papandreou on Greek Economy, Debt
      • Government Debt Issuance in the Euro Area:The Impa...
      • Saving the euro
      • Greece, EU Fund Weigh Debt Buy-Back
      • EU Considers Loans To Greece To Buy Back Bonds
      • Greek PM: Default 'is out of the question' in Greece
      • Europe’s Debt Crisis: More Flare-Ups, But Euro Bre...
      • EU Gives Details On Talks Over Fund
      • Experts predict eurozone debt reforms
      • Eurozone confidence stalls unexpectedly
      • Davos diary: No safety net for Nick Clegg's leap o...
      • Papandreou: No move to restructure Greek debt
      • Greece: Hunger Strikers End Campus Occupation
      • George Soros Says EU May Disintegrate, Again
      • Το νέο σοσιαλιστικό μανιφέστο
      • Υπέρ της απελευθέρωσης τάσσονται οι 8 στους 10 έλλ...
      • Greece’s Sacred Cows
      • Will the Stress Be Stressful Enough?
      • Greece's Cosseted Classes Fight Red Tape Reform
      • Eurozone not out of the woods yet
      • Νέος ή παλαιός κόσμος: ώρα να επιλέξουμε
      • Η λογική του ανοίγματος των κλειστών επαγγελμάτων
      • Europe's Fate Still Looms in Davos
      • Μόνοι απέναντι στις αγορές;
      • EU Aims to Unveil New Plan on Debt
      • IMF Sees Europe's Debt as Top Recovery Threat
      • More Than 250 Migrants on Hunger Strike in Greece
      • Greece Targets Siemens Over Bribes Scandal
      • EU to veto Olympic tie-up with Aegean
      • Greek Politicians Accidently Fail To Expose Siemen...
      • Το ψάρι βρωμάει απ’ το κεφάλι
      • Greece plans to seek damages from Siemens
      • Ευτυχώς, ο Γιώργος χάζευε...
      • Odds Are Against a Greek Debt Restructuring
      • The Limited Life of ‘Eurphoria’
      • Αναδιάρθρωση τώρα
      • Greek bond buyback
      • Πάρτε την Παιδεία στα χέρια σας!
      • Global Price Fears Mount
      • Ημίμετρα τέλος
      • Domestic Politics May Test European Resolve In 2011
      • European financial stability facility
      • Επαναγορά χρέους;
      • Εθνική πολιτική ανταγωνισμού και ανάπτυξη
      • Trichet Backs Austerity as Path to Growth
      • Ασυλία, ανομία και το δίκαιο της μπουλντόζας
      • Οχι άλλη μεταρρύθμιση!
      • Τα φαρμακεία και ο κ. Λοβέρδος
      • Ποινική ευθύνη υπουργών και δημόσια αγανάκτηση
      • Ο ανήφορος και το Κούγκι
      • Don't rule out debt buy-back idea
      • The Road to Greece
      • Πόλεμος στην κοινωνία
      • Talk Of Debt Restructuring Hurts Greece
      • Euro-Zone Bonds Face More Tests
      • Εξεταστική και Siemens
      • Η ατιμωρησία των πολιτικών
      • Did the Greek Market Just Bottom?
      • Why Europe Matters
      • Why Sovereign Debt Is The Only Thing That Matters ...
      • Fitch Gives Greece Thumbs Up
      • Siemens: το κομματικό μας φαινόμενο
      • Δημήτρης Χαντζόπουλος
      • European Governments Weigh Bond Buybacks
      • Η προϋπόθεση του πανεπιστημίου
      • Greece announces €600m solar project
      • Θέατρο παραλόγου
      • How Euro-Zone Strugglers Can Say 'Buy' to Debt
      • EU eyes bond buy-back for periphery
      • ECB: Crisis Had Lasting Effect on Growth Potential
      • EU struggles to keep lid on Greek debt buyback talk
      • Η πρόοδος είναι προς τα δεξιά
      • Δημόσιοι υπάλληλοι και ανεργία
      • Greeks strike over profession reforms
      • Greece Says No Debt Restructuring Amid `Complicate...
      • Greece seeking better rates on rescue loans
      • For Greece, Buyback of Bonds Is Floated
      • Can Greece be saved?
      • One in Four Workers in Greece Are Uninsured, Imeri...
      • An Update on EU Financial Reforms
      • Pelagidis & Mitsopoulos, "Understanding the Crisis...
      • Germany Won't Fancy the Pain Game
      • Europe goes slow on rescue fund, stress tests
      • Euro Zone Is Missing the Investment Boat
      • Euro-Zone Aims for Fund Increase
      • Greece Not Seeking Debt Repayment Extension
      • Germans Remain Wary Over Boosting Bailout
      • Europe's Tough Choice
      • No More Monopoly Money for Europe
      • Rubbish sold in Greece's hardtimes bazaar
      • Is it time for European debt restructuring?
      • Eurozone bond issue nears key demand test
      • Europe is running fast to stand still
      • Europe’s Challenge: Fostering Growth Amid Austerity
      • Euro falls as rescue fund deal hopes fade
      • Advice for Eurocracy: Take a Tip From Nike and 'Ju...
      • Εχεις γράµµα!
      • Μάθιου Λιν: «Καλύτερα να χρεοκοπούσατε...»
      • Το «μπλοκάκι» της τρόικας
      • Αναζητώντας το σχήμα του τροχού
      • Ο κίνδυνος απαξίωσης της δημοκρατίας
      • Εκρηξη λαϊκισμού
      • Λεφτά υπάρχουν...
      • Εμείς οι βουλευτές να δώσουμε το παράδειγμα
      • Για μια Μεγάλη Ρύθμιση Χρέους
      • Οι «κοπρίτες» χρειάζονται «κοπρίτες»!
      • Europe Leans Towards Expanding Rescue Fund
      • Germany Split on Boosting Bailout Fund
      • Το γερμανικό κατοχικό δάνειο
      • Μισέλ Μπαρνιέ: «Δεν έχετε βγει ακόμη από τα επείγο...
      • Euro-Zone Inflation Hits 26-Month High
  • ►  2010 (993)
    • ►  December (205)
    • ►  November (163)
    • ►  October (29)
    • ►  September (64)
    • ►  August (67)
    • ►  July (118)
    • ►  June (67)
    • ►  May (262)
    • ►  April (10)
    • ►  March (5)
    • ►  February (2)
    • ►  January (1)
© Aristides N. Hatzis. Simple theme. Powered by Blogger.