Greece

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    There is little legal basis for Wolfgang Schäuble’s claim that debt restructuring is incompatible with euro membership

There is little legal basis for Wolfgang Schäuble’s claim that debt restructuring is incompatible with euro membership

One of the key legal arguments in relation to the Greek debt crisis is whether a restructuring of Greece’s debt would be compatible with the rules contained in the EU’s treaty framework. Carsten Gerner-Beuerle writes that while several actors, notably the German Finance Minister Wolfgang Schäuble, have argued that a debt cut is incompatible with membership of the Eurozone, […]

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    German public opinion is caught between scapegoating Greeks and love-bombing them

German public opinion is caught between scapegoating Greeks and love-bombing them

What do German citizens think of their government’s handling of the Greek debt crisis? Imke Henkel writes that the German media has helped to perpetuate a view of the crisis which pits ‘lazy southerners’ against hard-working northern European taxpayers. However she also notes that this interpretation has generated a backlash from many Germans who are keen to emphasise the […]

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Why Greeks voted the way they did in the bailout referendum

The Greek bailout referendum resulted in a clear victory for the ‘No’ side, but what explained the choices made by voters? Ignacio Jurado, Nikitas Konstantinidis and Stefanie Walter present results from a detailed survey conducted in Greece the day before the referendum was held. Among the findings, they note that voting intention was heavily influenced by partisan narratives concerning […]

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    The Greek crisis represents the humiliation of European democracy

The Greek crisis represents the humiliation of European democracy

On 17 July, the German parliament voted in favour of starting negotiations on the proposed Greek bailout deal. Andrea Mammone writes that in light of the Greek crisis, the EU appears to be an organisation focused on perpetuating a particular economic ideology, rather than on ensuring solidarity between European citizens. He argues that if this is indeed the new […]

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Greece surrendered, but the real defeat was for Europe

Greek MPs are debating whether to approve economic measures required for the bailout agreement negotiated on 13 July to be implemented. Michael Cox writes that the conditions attached to the bailout were exceptionally tough and aimed largely at deterring other left-wing parties, such as Podemos in Spain, from challenging the status quo. He argues that while the final agreement […]

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    The real question in Greece is not who will win the referendum, but what the vote really means

The real question in Greece is not who will win the referendum, but what the vote really means

The final days of campaigning are underway ahead of the 5 July referendum in Greece. Paul Taggart and Kai Oppermann write that with little agreement on what a ‘No’ vote would entail for the country’s future in the Eurozone, the key question is not so much which side will win, but what the referendum is really about.

Greek prime minister […]

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