Greece

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    Greece shows the flaws in pursuing a common monetary policy response to economic shocks across the EU

Greece shows the flaws in pursuing a common monetary policy response to economic shocks across the EU

To what extent is the Greek debt crisis a function of wider flaws in the design of the single currency? Bruce Morley writes that while Greece’s debt already exceeded 100 per cent of GDP in the 1990s, it is not simply the size of a country’s debt that determines whether it is sustainable. He argues that the real problems […]

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    The two faces of Germany: how Germany’s support for refugees could counteract criticism of its handling of the Greek debt crisis

The two faces of Germany: how Germany’s support for refugees could counteract criticism of its handling of the Greek debt crisis

Throughout the Greek debt crisis, the majority of criticism from those who support a more lenient deal for Greece has been directed at Germany. As Simon Reich writes, however, Germany has also taken on a leading role in the migration crisis that has developed in southern Europe during 2015, which has placed a disproportionate burden on Greece due to […]

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    What the ‘new intergovernmentalism’ can tell us about the Greek crisis

What the ‘new intergovernmentalism’ can tell us about the Greek crisis

A number of authors have argued that a ‘new intergovernmentalism’ has come to characterise EU decision-making since the financial crisis, with decisions increasingly made through intergovernmental negotiations such as those in the European Council. Christopher Bickerton writes on what the theory can tell us about the Greek crisis, noting that it helps illustrate both the febrile nature of domestic […]

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    How young Greeks changed their degree choices as the economy crashed

How young Greeks changed their degree choices as the economy crashed

Youth unemployment has been a persistent problem in Greece since the start of the country’s financial crisis, but how has the crisis affected the career choices made by young Greeks? Rigissa Megalokonomou writes on trends in the university subjects chosen by Greek students. She notes that there has been an increase in the popularity of courses associated with good […]

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    Iceland illustrates why political ‘hectoring’ from foreign countries is bound to fail in Greece

Iceland illustrates why political ‘hectoring’ from foreign countries is bound to fail in Greece

Iceland entered a period of financial crisis in 2008, with the country subsequently involved in a prolonged dispute over losses generated in the Netherlands and the UK by an Icelandic bank. Jon Danielsson writes that the crisis in Iceland has much in common with the ongoing crisis in Greece, not least the heavy pressure exerted on both countries by […]

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    What Europe could learn from Australia’s handling of the financial crisis

What Europe could learn from Australia’s handling of the financial crisis

The financial crisis affected economies across the world, but the recovery from the crisis has varied significantly, with some countries quickly returning to growth and others remaining in a prolonged period of stagnation. Mark Crosby writes on the lessons that Australia’s handling of the crisis could have for Europe. He notes that many of the reforms that allowed Australia […]

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