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

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Posted by Yulie Foka-Kavalieraki at 10:31 AM
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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)

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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

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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

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