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Greece in dire straits


Greece was badly hit this year by the global financial crisis and local mismanagement. While the gaping budget deficit undermined the stability of the euro, drastic austerity measures exacerbated Greek fears of social decline. All of Europe was caught up in the crisis read the commentaries here. (You can find current texts on this topic at Ways out of the debt crisis.)



Eleftherotypia - Greece | Wednesday, 5. February 2014

Greece in a vicious circle of debt

According to a report published on Monday by German news magazine Der Spiegel, Germany is planning a third bailout package for Greece to the tune of 20 billion euros. But that won't help Greece get out of debt, the left-liberal daily Eleftherotypia writes: » more


To Vima Online - Greece | Friday, 24. August 2012

Berlin shamelessly exploiting Athens' crisis

Greece's crisis has allowed Germany to gain political control over Europe, the left-liberal online newspaper To Vima writes and fears that Berlin is now ready to sacrifice Athens: » more


Main focus of Tuesday, 21. August 2012

Berlin remains firm vis-à-vis Athens

In a meeting with his Greek counterpart Dimitris Avramopoulos on Monday, German Foreign Minister Guido Westerwelle rejected the idea of softening the terms of the ... » more


Naftemporiki - Greece | Monday, 20. August 2012

Time to declare war on tax evasion

Enraged inhabitants of the Greek Island of Hydra on Friday night attacked tax inspectors who had arrested one of the island's best-known tavern owners for failing to issue receipts. The state should stop messing around with small fry and start taking a serious approach to combating tax evasion, writes the conservative business paper Naftemporiki: » more


De Volkskrant - Netherlands | Wednesday, 8. August 2012

Athens using immigrants as scapegoats

The Greek government has launched a large police operation against illegal immigrants. Around 6,000 people without valid papers were taken into provisional custody on the weekend, roughly 1,600 of whom will be sent back to their countries of origin, the police announced on Monday. A dangerous initiative, writes the left-liberal daily De Volkskrant: » more


Süddeutsche Zeitung - Germany | Thursday, 12. April 2012

Greeks must bring parties to their senses

Early parliamentary elections will be held on May 6 in Greece, Prime Minister Lucas Papademos announced on Wednesday. These elections are really the last thing the country needs but precisely because of the crisis they are vital, writes the left-liberal daily Süddeutsche Zeitung: » more


Trouw - Netherlands | Monday, 13. February 2012

Eurozone countries regain self-confidence

The speculation about Greece exiting the Eurozone was an effective means of putting pressure on the country, the Christian-social daily Trouw writes with renewed optimism: » more


La Stampa - Italy | Monday, 13. February 2012

Athens is a warning for corrupt Italy

The violent protests in Greece are the payback for the rampant corruption in politics and should serve as a lesson for Italy, the liberal daily La Stampa warns: » more


To Vima Online - Greece | Monday, 13. February 2012

Insolvency could unleash chaos

During the mass protests in Greece against the austerity package heavy rioting broke out in Athens and other cities. Several buildings were set alight and the police used truncheons and tear gas against the demonstrators. The scenes of unrest show what awaits Greece if it comes to an uncontrolled bankruptcy, writes the left-liberal online paper To Vima: » more


Dagens Nyheter - Sweden | Monday, 13. February 2012

Greeks facing a lot of hard work

The austerity plan is only logical since Greece lived above its means for far too long, writes the liberal daily Dagens Nyheter and urges the Greeks to make a great effort: » more


Correio da Manhã - Portugal | Monday, 13. February 2012

EU austerity drive quells citizens' hopes

The austerity dictate from Brussels will impoverish the Greeks, and that will ultimately work against the entire Eurozone, the tabloid Correio da Manhã warns: » more


Hospodárske noviny - Slovakia | Friday, 10. February 2012

A brief reprieve for Athens

Greece's submission will give it a reprieve, but not for long, writes the business paper Hospodárske noviny: » more


Tages-Anzeiger - Switzerland | Friday, 10. February 2012

Rescue farce to calm creditors

Previous experience leaves little hope that Greece will be able to implement the austerity measures required of it, the liberal daily Tages-Anzeiger writes, surmising that ... » more


Les Echos - France | Friday, 10. February 2012

Greece and EU need growth now

Now that the Greek parties have accepted the austerity requirements the country - like the rest of Europe - must find its way back to the path of growth, affirms the liberal daily Les Echos: » more


Naftemporiki - Greece | Friday, 10. February 2012

EU's conduct alienating Greeks

The Eurozone finance ministers demanded that Athens provide further guarantees on Thursday evening before they make their decision next Wednesday on whether to give Greece the second instalment of the rescue package. The conservative business paper Naftemporiki asks what goals the EU partners are pursuing with this strategy: » more


Süddeutsche Zeitung - Germany | Thursday, 9. February 2012

Greeks' irresponsible manouevering

The constant delays of the Greek politicians are irresponsible and dishonest, the left-liberal daily Süddeutsche Zeitung complains: » more


De Morgen - Belgium | Thursday, 9. February 2012

Greece needs Europe's solidarity

The austerity measures enacted in Greece have led to shrinking incomes and social problems, writes the left-liberal daily De Morgen and warns Europe not to drive the country into misery: » more


Ta Nea - Greece | Wednesday, 8. February 2012

Giannis Politis on two German recipes for solving Greek crisis

Germany is divided over the Greek problem, columnist Giannis Politis concludes in the left-liberal daily Ta Nea, considering the mixed signals reaching Greece from Germany: » more


De Volkskrant - Netherlands | Wednesday, 8. February 2012

Don't make Greeks pay for euro's failings

Even if EU Commissioner Neelie Kroes and Dutch Prime Minister Mark Rutte are speculating openly about a Greek withdrawal from the Eurozone, allowing Greece to go bankrupt is a risk move, warns the left-liberal daily De Volkskrant: » more


To Vima Online - Greece | Wednesday, 8. February 2012

Greeks are sick of Europe

Athens should immediately end its talks with the creditors and the troika and start working out a plan B with the Americans, writes the left-liberal online paper To Vima: » more


Pravda - Slovakia | Wednesday, 8. February 2012

Too much expected of Greece

Europe is putting the Greeks under too much pressure, writes the left-leaning daily Pravda and warns that this could trigger a social explosion that reverberates throughout the continent. "The picture of the European public being presented by the Greeks is unbelievable. The news about the negotiations between the government in Athens and the creditors is constantly accompanied by politicians and investors making disgruntled comments about the lack of progress being made. The remarks are always the same: » more


Il Sole 24 Ore - Italy | Wednesday, 8. February 2012

Europe is sick of Athens

Neelie Kroes has said what many are thinking, writes the business paper Il Sole 24: » more


Cinco Días - Spain | Tuesday, 7. February 2012

EU must reckon on Greek bankruptcy

German Chancellor Angela Merkel and French President Nicolas Sarkozy cranked up the pressure on Greece to enact the promised reforms on Monday. Europe should start thinking about what will happen if Greece really files for bankruptcy, writes the business paper Cinco Días: » more


Financial Times Deutschland - Germany | Tuesday, 7. February 2012

Blocked account paves way for Greek bankruptcy

With their calls for setting up a special account for Greece German Chancellor Angela Merkel and French President Nicolas Sarkozy have launched a new attempt to strip Athens of its financial sovereignty. The account, to which Greece would not have access, is meant to guarantee payment for creditors. This demand is as impossible as that for an EU budget commissioner for Greece and simply serves to prepare for Greece's bankruptcy, the liberal business paper the Financial Times Deutschland concludes: » more


De Tijd - Belgium | Monday, 6. February 2012

Europe must prevent Greek insolvency

Greece should not under any circumstances be allowed to plunge into a disorderly insolvency, writes the business paper De Tijd: » more


Imerisia - Greece | Sunday, 5. February 2012

Austerity drive ultimately hurts all Europe

Government leader Lucas Papademos aims to secure domestic support for the additional austerity measures that the Troika is demanding from Athens today. The business paper Imerisia finds the pressure from Europe unbearable: » more


La Repubblica - Italy | Monday, 6. February 2012

Greece races headlong into bankruptcy

The creditors are demanding that Athens draw up a list of the labour market and tax reforms that have yet to be enacted for the country to receive further loans. But the politicians are not willing to introduce reforms, which means that the fate of the country is sealed, writes the left-liberal daily La Repubblica: » more


Avgi - Greece | Thursday, 2. February 2012

Greeks must protest at austerity package

Several media have reported that the Greek government plans to make its creditors an offer to exchange their old government bonds for new ones in a bid to secure a new rescue package from the EU and IMF. The Greeks must once again demonstrate against further austerity measures, the left-leaning daily Avgi urges: » more


Eleftheros Typos - Greece | Wednesday, 1. February 2012

Merkel scares Greeks

The EU summit on Monday spurned Germany's idea of appointing a budget commissioner for Greece but the debate about the proposal continues in Greece. Anna Panagiotarea writes about her fears regarding German Chancellor Angela Merkel in the conservative daily Eleftheros Typos: » more


Ta Nea - Greece | Monday, 30. January 2012

Right-wing extremists threaten Greece

Participants in an annual neo-Nazi march in Athens on Saturday attacked several immigrants, leaving two people injured. The left-liberal daily Ta Nea warns against extremist tendencies in the debt crisis: » more


Main focus of Monday, 30. January 2012

Athens rejects German budget controls

Athens has rejected the German proposal for an EU budget commissioner to be appointed to oversee Athens' finances. If the debt-stricken country continues to resist ... » more


Blog Coulisses de Bruxelles - Belgium | Monday, 30. January 2012

Row over Athens' debts grotesque

The negotiations over partial debt-relief for Greece have not reached completion as anticipated. Above all there is still one problem with the policy, writes Jean Quatremer on his blog Coulisses de Bruxelles: » more


Mladá fronta dnes - Czech Republic | Friday, 27. January 2012

Non-stop aid for Athens counterproductive

Private investors are currently negotiating with the government in Athens over a partial write-off of the country's debts, but the talks are faltering. A write-off of roughly 100 billion euros is the pre-condition for Greece receiving its second bailout from the IMF and euro states totalling 130 billion euros. The liberal daily Mladá fronta Dnes calls for a swift end to the country's suffering: » more


Ethnos - Greece | Wednesday, 25. January 2012

Troika conditions unknown to Athens ministers

Greece's Minister for Development, Competitiveness and Shipping, Michalis Chrisochoidis, admitted in an interview on Tuesday that he is completely unfamiliar with the austerity requirements imposed by the Troika on Greece because he hasn't read the agreement. Chrysochoidis is unfortunately no isolated case, writes the left-liberal daily To Ethnos, and criticises the irresponsibility of many members of government: » more


Naftemporiki - Greece | Wednesday, 25. January 2012

Greek politicians distort statistics

Greece is said to have falsified its deficit figures for 2009 under former prime minister Giorgos Papandreou, so as to remain eligible for aid from ... » more


Ta Nea - Greece | Monday, 23. January 2012

Seek out and punish tax evaders

The Greek government published a 170-page-long list of 4,152 tax evaders on the Internet on Sunday, including ex-politicians, artists and athletes. They owe the Greek state roughly 15 billion euros in total. The left-liberal daily Ta Nea calls for a concrete plan to collect the money owed: » more


Protagon.gr - Greece | Thursday, 19. January 2012

Greeks do best job of burying themselves

Inhabitants of the village of Vevčani in the western extremity of the Republic of Macedonia staged a symbolic burial of Greece last Friday during carnival celebrations. This has further deteriorated the relations between the two countries, already tense because of the ongoing name dispute. The Greek Foreign Ministry has called on the government in Skopje to denounce the act. The Greeks can do a better job of digging their own grave anyway, comments blogger and journalist Stavros Theodorakis on the news portal Protagon.gr: » more


Protagon.gr - Greece | Friday, 13. January 2012

Greece needs euro bonds

Slow progress is being made regarding the involvement of the private sector in the restructuring of Greek debt decided last October, according to media reports. Economist Giannis Varoufakis says on web portal Protagon that it was a mistake from the start to count on the participation of private banks and investors: » more


Kathimerini - Greece | Tuesday, 10. January 2012

Nikos Xidakis wants to hear the truth from Papademos

Greece's Prime Minister Lucas Papademos called on the trade unions this week to approve further wage cuts so that the next instalment of the EU and IMF loan can be paid out in February. Columnist Nikos Xidakis calls on Papademos to explain the truth about further austerity measures to the Greeks in the conservative daily Kathimerini: » more


Kathimerini - Greece | Saturday, 7. January 2012

Young Greeks condemned to emigrate

A Eurobarometer survey shows that 27 percent of all Greeks between 15 and 35 would be willing to leave their home country at least temporarily in search of work. The conservative daily Kathimerini asks whether they will ever come back: » more


Epikaira - Greece | Thursday, 5. January 2012

Papademos terrorising the Greeks

Greece's Prime Minister Lucas Papademos on Thursday talked of the country facing an "uncontrolled national bankruptcy" and called on the Greeks to accept salary cuts so as not to jeopardise a new 130 billion rescue package from the EU and IMF. Prior to the address government spokesman Pantelis Kapsis speculated openly about Greece leaving the Eurozone. The left-liberal magazine Epikaira criticises the pressure being exerted on the population: » more


To Vima Online - Greece | Thursday, 5. January 2012

Papandreou destroys his party

Greece's ex-prime minister Giorgos Papandreou on Wednesday announced his resignation as chairman of the socialist Pasok party. It is expected that he will leave the post in June and that he won't run for prime minister again. The left-liberal online paper To Vima takes stock: » more


Kathimerini - Greece | Tuesday, 3. January 2012

Honest Greeks need justice

Yannis Kapeleris, a high-ranking official at the Greek Ministry of Finance, was charged with breaching his duties by failing to collect fines from certain companies on Monday. Two Athens public prosecutors had previously tendered their resignations last week on the grounds that their investigations into the Kapeleris case were being politically obstructed. Two days later, however, they withdrew their resignations. The conservative daily Kathimerini calls for the circumstances surrounding the resignations of the two prosecutors to be thoroughly investigated: » more


To Vima Online - Greece | Friday, 23. December 2011

Lazy Greeks to blame for all evils

The notion of the lazy Greeks who lived above their means and are to blame for the euro crisis must be swiftly and firmly set aside, the left-liberal daily To Vima urges: » more


Ethnos - Greece | Sunday, 18. December 2011

Crisis driving Greeks to suicide

Forty percent more Greeks committed suicide in the first six months of 2011 than in the same period of 2010, according to the Greek Health Ministry. This is another consequence of the debt crisis, author Dimitris Papachristos worriedly concludes in the left-liberal daily To Ethnos: » more


Ta Nea - Greece | Thursday, 15. December 2011

IMF plan for Greece has failed

Paul Thomsen, envoy for the International Monetary Fund, conceded during a visit to Athens on Tuesday that the austerity agreement signed between Greece and the so-called troika was in need of improvement. If even the IMF admits that the plan has failed then the austerity policies should no longer be pursued, writes columnist Giannis Pretenteris in the left-liberal daily Ta Nea: » more


Naftemporiki - Greece | Wednesday, 7. December 2011

Athens trims costs to get fit

The Greek parliament passed on Tuesday night its budget for 2012, which includes tax hikes, privatisations and drastic cuts in the public sector. The conservative business paper Naftemporiki welcomes the measures as an important step out of the crisis: » more


Blog Stefan Niggemeier - Germany | Tuesday, 29. November 2011

German tabloid stokes anti-Greek sentiment

The Europa-Union Deutschland, a German pressure group that supports further EU integration, handed the German tabloid Bild its "European Thistle" award on Saturday for its negative reporting on Greece, which Stefan Niggemeier claims in his blog amounts to incitement of the masses: » more


Eleftherotypia - Greece | Thursday, 24. November 2011

Samaras signs death sentence

Antonis Samaras, leader of Greece's conservative Nea Demokratia party, gave his written support for long-term austerity measures in compliance with EU demands on Wednesday. With this move he has sentenced his party and Greek politics as a whole to death, writes the left-liberal daily Eleftherotypia: » more


Ethnos - Greece | Monday, 21. November 2011

Athens must keep its promise

During his first visit to the EU in Brussels as Greece's new prime minister Lucas Papademos aimed to instil trust in his government. However he turned up without a written affirmation that Greece's two main parties would implement the austerity measures in the long-term. The left-liberal daily To Ethnos appeals to the leader of the conservative party Nea Demokratia, Antonis Samara, to sign the declaration: » more


O Kosmos tou Ependiti - Greece | Sunday, 20. November 2011

Berlin and Paris erode European identity

A growing number of European media are raising the question of whether Greece should be part of the European Union at all, including most recently the French daily Le Monde. This is one of many signs that European identity is being weakened, writes the business paper O Kosmos tou Ependiti in its leading article: » more


Politis - Cyprus | Thursday, 17. November 2011

Only Papademos can change Greece

Greek tax inspectors had Georgios Petzetakis, one of Greece's best-known industrialists, arrested on Tuesday. He allegedly owes the state more than two million euros in taxes. At least the new transitional government is serious about fighting tax evasion, the liberal-conservative daily Politis writes approvingly: » more


Dilema Veche - Romania | Thursday, 17. November 2011

Ovidiu Nahoi fears Balkan chaos if Greece loses euro

If Greece exits the Eurozone this could endanger the peaceful developments on the Balkans, writes Ovidiu Nahoi in the conservative weekly Dilema Veche: » more


To Vima Online - Greece | Monday, 14. November 2011

Papademos doesn't need far right

For the first time since the end of the military dictatorship in 1974 a far-right nationalist party, the Popular Orthodox Rally (Laos), is to participate in the Greek government. Prime Minister Lucas Papademos has made his first major mistake with this decision, the left-liberal online paper To Vima complains: » more


Le Figaro - France | Tuesday, 15. November 2011

Papandreou triggers democracy debate

With Lucas Papademos and Mario Monti, financial experts are now at the helm of two European countries. That raises serious questions for democracy, writes the conservative daily Le Figaro: » more


O Kosmos tou Ependiti - Greece | Sunday, 13. November 2011

Giannis Kibouropoulos prefers drachma to euro junta

Since Friday Greece has a caretaker government led by banker Lucas Papademos. This means the brutal euro junta now definitively has the country under its thumb, columnist Giannis Kibouropoulos gripes in the business paper O Kosmos tou Ependiti: » more


Main focus of Friday, 11. November 2011

Papademos new Greek prime minister

The independent Lucas Papademos will be sworn in as the head of a new transitional government in Greece today, Friday. After days of negotiation the ... » more


Frankfurter Allgemeine Zeitung - Germany | Friday, 11. November 2011

Herculean task for Papademos

Greece's designated Prime Minister Lucas Papademos faces a Herculean task in view of the critical situation in his country, writes the conservative daily Frankfurter Allgemeine Zeitung: » more


Ethnos - Greece | Wednesday, 9. November 2011

Papandreou resigns to remain PM

The Greek Prime Minister Giorgos Papandreou announced his resignation on Wednesday but his intention is to only withdraw temporarily from the post, the left-liberal daily To Ethnos writes: » more


Blog Pitsirikos - Greece | Tuesday, 8. November 2011

Greeks too lazy to lead their country

Greece still lacks a new government; it is due to be announced today, Wednesday. The blogger Pitsirikos makes fun of the delay in forming an interim government: » more


Politis - Cyprus | Monday, 7. November 2011

Greek opposition leader is opportunist

In Greece the tug of war over a National Unity government and socialist Prime Minister Giorgos Papandreou's successor goes on. According to media reports the talks are faltering because opposition leader Antonis Samaras doesn't want the MPs of his conservative party to participate in the government since it would entail approving unpopular austerity measures. The liberal daily Politis sees Samaras as an irresponsible opportunist: » more


El País - Spain | Monday, 7. November 2011

New prime minister will have it easier

The successor of Greek Prime Minister Papandreou will have more political leeway than he himself has, writes the left-liberal daily El País: » more


Naftemporiki - Greece | Monday, 7. November 2011

Political poker harms Greece

The tug of war between socialists and conservatives  over an interim coalition government in Greece shows how incompetent they are, writes the conservative business paper Naftermporiki: » more


Trouw - Netherlands | Monday, 7. November 2011

Opposition must assume responsibility

An interim government without Prime Minister Papandreou still doesn't ensure Greece's rescue, the Christian-social daily Trouw warns: » more


Upsala Nya Tidning - Sweden | Monday, 7. November 2011

Athens gropes its way out of the crisis

The formation of a transitional government in Greece is a first tentative step towards solving the country's problems, the liberal daily Upsala Nya Tidning writes: » more


Main focus of Friday, 4. November 2011

Papandreou hints at resignation

Greek Prime Minister Giorgos Papandreou on Thursday cancelled his plan for a referendum, clearing the path for negotiations with the opposition. Papandreou did not rule ... » more


Imerisia - Greece | Friday, 4. November 2011

No more trust in politicians

Prime Minister Giorgos Papandreou will propose a vote of confidence in parliament late on Friday evening. But to judge by recent political developments it is clear that Greece no longer has a political leader, writes the business paper Imersia: » more


Le Figaro - France | Friday, 4. November 2011

Europeans have a right to co-determination

In not going through with the announced referendum Prime Minister Papandreou is ignoring the will of the people, and that is a mistake, the conservative daily Le Figaro writes: » more


De Volkskrant - Netherlands | Friday, 4. November 2011

Greece needs more adept prime minister

After the flurry over the referendum Greek Prime Minister Papandreou will face a motion of confidence in parliament today, Friday. But he is no longer the right man for the job, writes the left-liberal daily De Volkskrant: » more


Der Standard - Austria | Friday, 4. November 2011

Euro power politics prevail

Greece has learned the hard way that individual countries don't really have much say when the euro is at stake, the left-liberal daily Der Standard concludes: » more


The Guardian - United Kingdom | Friday, 4. November 2011

New elections destabilise Greece

The Greek opposition party Nea Dimokratia is calling for a transition government to organise new elections within six weeks. Far from calming the situation in the country elections will have the opposite effect, the left-liberal daily The Guardian fears: » more


Main focus of Thursday, 3. November 2011

No more aid for Greece for now

Athens will receive no more financial help before the referendum in early December. German Chancellor Merkel, French President Sarkozy and IMF head Christine Lagarde were ... » more


Naftemporiki - Greece | Thursday, 3. November 2011

Athens lacks any plan

If in the referendum in early December the Greeks decide against the austerity measures and by extension against staying in the Eurozone, the government will have a real problem, writes the business paper Naftemporiki: » more


Hospodářské noviny - Czech Republic | Thursday, 3. November 2011

Like a bickering married couple

The Greek Prime Minister has caused a sort of European marital dispute, the business paper Hospodářské noviny writes: » more


Diário de Notícias - Portugal | Thursday, 3. November 2011

Referendum supposed to calm tensions

Internationally the Greek referendum may have caused a commotion but in Greece Prime Minister Giorgos Papandreou is hoping it will calm the general mood, writes the daily Diário de Notícias: » more


Main focus of Wednesday, 2. November 2011

Turmoil over Greek referendum

Greek Prime Minister Giorgos Papandreou will hold the planned referendum despite massive criticism and plunging share prices around the world. His cabinet approved the referendum ... » more


Süddeutsche Zeitung - Germany | Wednesday, 2. November 2011

Papandreou acting irresponsibly

Europe has shown that it is willing to assume responsibility for Greece. The Greek referendum, on the other hand, testifies to a lack of responsibility towards Europe, the left-liberal daily Süddeutsche Zeitung comments reproachfully: » more


Dienas Bizness - Latvia | Wednesday, 2. November 2011

Referendum weakens stock exchanges

The drop in share prices after the Greek referendum was announced is a worrying development, the business paper Dienas Bizness writes: » more


The Daily Telegraph - United Kingdom | Wednesday, 2. November 2011

Eurocrats refuse to admit their mistakes

The flurry over the Greek referendum highlights Europe's true problem, writes the conservative newspaper The Daily Telegraph, namely the Eurocrats' fear of the bitter truth about the common currency: » more


Libération - France | Wednesday, 2. November 2011

The people must decide

The referendum in Greece is the right way to bring more democracy to Europe, writes the left-liberal daily Libération: » more


Blog Jugular - Portugal | Tuesday, 1. November 2011

Greeks can decide their own fate

The hefty reactions from politics and industry to the announcement of the referendum in Greece prove four things, writes economics expert João Pinto e Castro on the blog portal Jugular: » more


Les Echos - France | Tuesday, 1. November 2011

Germans find billions, Greeks seek them

After correcting a massive accounting mistake, the nationalised German bank Hypo Real Estate is now worth 55 billion euros more than it was previously valued at, lowering Germany's public debt by 2.6 percent. That highlights the difference between Germany and Greece, writes the business paper Les Echos: » more


To Vima Online - Greece | Tuesday, 1. November 2011

Referendum endangers Greek bailout

The Greeks are to vote on the new bailout for their country and the proffered "haircut", Prime Minister Giorgos Papandreou announced on Monday evening. But the decision puts Greece's rescue at risk, the left-liberal online newspaper To Vima fears: » more


Naftemporiki - Greece | Monday, 31. October 2011

Haircut of no avail to Greeks

With the haircut decided last Wednesday, Greece is to reduce its debt to GDP ratio from the current 160 percent to 120 percent by 2020. Since the country's indebtedness was already at 127 percent of GDP in 2009, the conservative daily Naftemporiki asks why anyone should endure ten years of austerity measures only to reach the same level of indebtedness as in the days when Greece first had to ask for international help: » more


Bild - Germany | Monday, 31. October 2011

German bankers can't count

The Hypo Real Estate bank, which was nationalised by Germany in 2009, made a huge miscalculation by mistaking a plus for a minus, which now means the institution is worth 55.5 billion euros more than previously calculated. This lowers Germany's sovereign debt for 2011 by 2.6 percent. The tabloid Bild fears that this error will cost the Germans the trust they enjoy in Europe: » more


România Liberâ - Romania | Monday, 31. October 2011

Tom Gallager on the hypocritical euro bailout

The euro was not well thought out as a project, the British political scientist Tom Gallagher writes in the daily România Liberă, and criticises the EU's plan to bail out the euro passed at the crisis summit last week: » more


Main focus of Thursday, 27. October 2011

EU makes breakthrough in debt crisis

The heads of state and government of the EU reached agreement in Brussels late on Wednesday night on a debt restructuring and a new rescue ... » more


Imerisia - Greece | Thursday, 27. October 2011

Greece must pull up its socks

Participants at the EU summit agreed with private creditors to write off 50 percent of Greece's debt. But the fight to restructure the Greek budget has only just begun, warns the left-liberal business paper Imerisia: » more


Frankfurter Allgemeine Sonntagszeitung - Germany | Sunday, 23. October 2011

Only more taxes can help overcome the crisis

Greece will need considerably more money than expected, the observers of the troika made up of the International Monetary Fund, the European Central Bank and the EU Commission have concluded. The conservative Frankfurter Allgemeine Sonntagszeitung calls on governments to finally admit that taxes must be raised if the crisis is to be overcome: » more



To Vima Online - Greece | Tuesday, 11. October 2011

Greece faces haircut

Greece is drawing closer and close to a debt restructuring. The leader of the Euro Group Jean-Claude Juncker hinted in an interview aired on Austrian television on Monday at a haircut amounting to at least 50 to 60 percent. The Greek government must prepare itself for the measure, demands the left-liberal online paper To Vima: » more


To Vima Online - Greece | Friday, 7. October 2011

Rösler attacks Greece

Germany's economics minister Philipp Rösler travelled to Athens on Thursday accompanied by around 50 company managers and bosses. Today he meets up with Greek Prime Minister Giorgos Papandreou. But with his recently presented "Marshall Plan for Greece" Rösler is aiming for a Greek sell-out, according to the left-liberal online newspaper To Vima: » more


Gazeta Wyborcza - Poland | Friday, 7. October 2011

Greece allowed to go bankrupt soon

The proposal to aid Europe's banks voiced among others by the President of the EU Commission José Manuel Durão Barroso prompts the conclusion that Greece may soon go bankrupt, writes the daily Rzeczpospolita: » more


Delfi - Estonia | Wednesday, 5. October 2011

Finns achieve Phyrric victory

The Finnish government managed to push through its request for additional securities for its contribution to the Greek bailout fund on Tuesday. But this won't bring advantages for Finland, the news portal Delfi writes: » more


Der Tagesspiegel - Germany | Wednesday, 5. October 2011

Bailout fund only protects the investors

Angered by the way politicians have handled the European debt crisis journalist Harald Schumann himself became a speculator. He bought 18,790 euros worth of Greek government bonds in July and sold them only a month later at a net profit of 784 euros. The efforts to postpone Greece's bankruptcy have served the financial sector's interests, writes Schumann in the liberal-conservative daily Tagesspiegel: » more


Elsevier - Netherlands | Monday, 3. October 2011

Europe in the Greeks' grip

The Greek government announced on Sunday that it will not be able to meet the deadline for fulfilling the conditions stipulated by the International Monetary Fund. Europe urgently needs to free itself from the stranglehold of the Greeks, the conservative news magazine Elsevier warns: » more


La Tribune - France | Tuesday, 4. October 2011

Athens crisis demands a new Europe

The decision on the next instalment of the bailout payments to Greece was postponed until early November by the EU finance ministers at their meeting in Luxembourg on Monday. That gives Europe 30 days to reinvent itself, the business paper La Tribune writes: » more


Avvenire - Italy | Wednesday, 28. September 2011

Berlin grants Athens' wish

Greek Prime Minister Giorgos Papandreou has accomplished his mission in Berlin, writes the Catholic daily Avvenire, as it looks very much like the German parliament will approve the expansion of the euro bailout fund on Thursday: » more


Frankfurter Allgemeine Zeitung - Germany | Wednesday, 28. September 2011

Problem child too optimistic

Greek Prime Minister Giorgos Papandreou has backed up his country's austerity goals with Barack Obama's electoral slogan "Yes we can". But the conservative daily Frankfurter Allgemeine Zeitung has its doubts: » more


De Tijd - Belgium | Wednesday, 28. September 2011

Nailbiting game goes on

German Chancellor Angela Merkel has assured Greek Prime Minister Papandreou of her support. This mild tone, particularly compared with earlier statements, is in line with the stance of other politicians in Europe and the US in recent days, the business paper De Tijd writes: » more


To Vima Online - Greece | Wednesday, 28. September 2011

Greek prime minister is lying

Greece wants to balance its annual budge as early as 2012, Prime Minister Georgos Papandreou said on Tuesday in a meeting with German Chancellor Angela Merkel in Berlin. Papandreou is deliberately lying, the left-liberal online newspaper To Vima writes: » more


Süddeutsche Zeitung - Germany | Friday, 23. September 2011

Johann Schloeman on Greece as a transformation state

Thousands of people took to the streets in Athens on Thursday to protest the new austerity measures introduced by the Greek government. But the Greeks' understanding of themselves developed over decades and it is arrogant and naive to demand that it should change in just a few months, the columnist Johan Schloemann writes in the left-liberal daily Süddeutsche Zeitung: » more


Kathimerini - Greece | Wednesday, 21. September 2011

Referendum on euro exit no good for Greece

The Greek government on Tuesday refuted a report published by the daily Kathimerini according to which the socialist Prime Minister Giorgos Papandreou plans to hold a referendum on whether the country should remain in the Eurozone or withdraw. The conservative Kathimerini doesn't believe the government and criticises the plan: » more


Kathimerini - Greece | Sunday, 18. September 2011

Greece facing threat of civil war

The Greek Minister of Finance Evangelos Venizelos reiterated the Greek government's resolve to implement further spending cuts at the EU finance ministers' meeting in Poland. But such measures could plunge Greece's society into chaos and violence, fears the conservative daily Kathimerini: » more


Aamulehti - Finland | Wednesday, 14. September 2011

Debt restructuring inevitable

In the debate on the possibility of Greece going bankrupt the liberal daily Aamulehti argues that restructuring the country's debt is the best alternative: » more


De Telegraaf - Netherlands | Wednesday, 14. September 2011

Athens must have controlled bankruptcy

Greece's economic statistics are growing worse instead of better, which proves that all the financial aid has been in vain and the country's bankruptcy is inevitable, writes the conservative tabloid De Telegraaf: » more


24 Chasa - Bulgaria | Tuesday, 13. September 2011

Belt as tight as it goes

The austerity measures introduced at the insistence of the EU in the fight against the Greek debt crisis are already proving counterproductive and further cuts would be fatal for the Greek economy, the daily 24 Chasa writes: » more


Ethnos - Greece | Tuesday, 13. September 2011

Germany ups pressure on Greeks

German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister Giorgos Papandreou have scheduled a crisis telephone call for today. Will Germany now announce Greece's insolvency? the liberal daily To Ethnos asks in alarm: » more


Eleftherotypia - Greece | Monday, 12. September 2011

Just populist bluster from the North

The discussions about Greece leaving the Eurozone are simply a populist manoeuvre by the politicians in the countries of Northern Europe, writes the left-liberal newspaper Eleftherotypia: » more


Süddeutsche Zeitung - Germany | Tuesday, 13. September 2011

Greece must stay in the club

Philipp Rösler, Germany's Economics Minister since May, has done neither himself nor Germany a favour with his talk of a possible Greek insolvency, writes the left-liberal daily Süddeutsche Zeitung: » more


Turun Sanomat - Finland | Tuesday, 13. September 2011

Drachma holds out prospects

A debt restructuring for Greece and its exit from the Eurozone is an option worth considering, the liberal daily Turun sanomat writes: » more


Trouw - Netherlands | Tuesday, 13. September 2011

Euro rescue only possible with Athens

Dutch politicians are also speculating about a Greek withdrawal from the Eurozone. But such a step would have catastrophic consequences, warns the Christian-social daily Trouw: » more


Financial Times Deutschland - Germany | Monday, 12. September 2011

Greek bankruptcy too costly

German Economics Minister Philipp Rösler for the first time publicly evoked the possibility of Greece going bankrupt on Sunday. According to media reports, the German Finance Ministry has also started calculating the cost of such a scenario. The liberal daily Financial Times Deutschland finds both irresponsible: » more


Blog Coulisses de Bruxelles - Belgium | Monday, 12. September 2011

Papandreou wakes up

Greece's government announced a new property tax on Sunday in a bid to reduce the country's enormous budget deficit. Until now the new austerity measures have been no more than empty promises, writes Jean Quatremer in his blog Coulisses de Bruxelles for the left-liberal daily Libération: » more


Imerisia - Greece | Thursday, 8. September 2011

Greek politicians too weak in crisis

The Greek government announced on Tuesday that it plans to implement its austerity measures immediately and consistently. But Greece's policy makers are paralysed by special interests and incapable of reacting with the required speed to the country's crisis, writes the business paper Imerisia: » more


Le Figaro - France | Wednesday, 7. September 2011

Paris pays for hopeless Greece

The French National Assembly on Tuesday approved the new bailout package for Greece, as expected, making France the first country to implement the agreement of July 21. But unfortunately the financial markets are still jittery, and with good reason, writes the conservative daily Le Figaro: » more


Naftemporiki - Greece | Thursday, 1. September 2011

Typically Greek fight against taxes

Greece raised the VAT on its catering sector from 13 to 23 percent on Thursday. Restaurant and hotel owners have announced that they won't pay the higher tax in protest. That's just typically Greek, complains the business paper Naftemporiki: » more


Frankfurter Allgemeine Zeitung - Germany | Friday, 2. September 2011

Greece out of control

A parliamentary committee has concluded that Greece's sovereign debt has spiralled "out of control". Faced with a shrinking economy and sinking tax revenues the crisis-stricken country will likely fall short of its cost-cutting targets, a prospect that drives the conservative daily Frankfurter Allgemeine Zeitung to despair: » more


Trouw - Netherlands | Monday, 22. August 2011

Finland's deal with Athens unacceptable

The securities received by Finland from Greece worth a billion euros in return for participating in the second euro bailout fund represent a single-handed move that Europe should not allow, writes the Christian-social daily Trouw: » more


Aamulehti - Finland | Thursday, 18. August 2011

Finland gets guarantees for Athens rescue

Finland is to receive guarantees from Greece in return for participating in the second euro rescue package. Some Finnish economists have sharply criticised the agreement between the two states. The liberal daily Aamulehti does not share the criticism, but demands that Finland's Prime Minister Jyrki Katainen and Finance Minister Jutta Urpilainen focus their attention on certain key issues: » more


Eleftherotypia - Greece | Wednesday, 3. August 2011

Athens vilifies Greek taxi drivers

The Greek taxi drivers' trade union decided on Wednesday to prolong a strike that has gone on for more than two weeks until at least Saturday because the government refuses to meet its core demands. The left-liberal daily Eleftherotypia voices understanding for the strike: » more


Adevârul - Romania | Wednesday, 3. August 2011

EU facilitates funding for crisis countries

The European Commission has proposed making it easier for crisis-stricken countries - including Greece, Portugal and Romania - to apply for EU funding. Their contribution to EU projects is to be reduced from 15 to 5 percent in future, which the daily Adevărul sees as a good idea: » more


Gazeta Wyborcza - Poland | Friday, 29. July 2011

Finally introduce euro bonds

Italy has borrowed almost 8 billion euros on the capital market, requiring it to offer investors a high risk premium. Even following the second rescue package for Greece the debt crisis is continuing to dog the euro, the chief economist of the Polish finance institute PBP Ignacy Morawski writes in the liberal daily Gazeta Wyborcza. He calls for the introduction of euro bonds: » more


Il Sole 24 Ore - Italy | Tuesday, 26. July 2011

Eurobonds to save EU

Following the euro states' decision to make private creditors contribute to rescuing Greece, the US rating agency Moody's downgraded the country's creditworthiness by three notches on Monday. That was to be expected, the business newspaper Il Sole 24 Ore believes and calls for the introduction of eurobonds to overcome the crisis: » more


Jyllands-Posten - Denmark | Saturday, 23. July 2011

Greek rescue weakens economy

The second rescue package for Greece is not a cure-all solution, warns the conservative daily Jyllands-Posten: » more


Les Echos - France | Friday, 22. July 2011

EU armed against speculators

With their new bailout plan for Greece and the euro, the heads of state and government of the Eurozone are not just putting out fires that are already burning but taking action to effectively protect euro states against speculation, the business paper Les Echos writes: » more


Ta Nea - Greece | Friday, 22. July 2011

Greeks must do their bit

The bailout package approved by the 17 Eurozone countries is good news for Greece, writes the left-liberal and pro-government daily Ta Nea, adding that the Greeks must do their bit too: » more


Hospodárske noviny - Slovakia | Friday, 22. July 2011

Way out of the crisis now clear

The decisions taken at the EU summit on helping Greece chart the way out of the crisis, the business Hospodářské noviny writes in delight: » more


El Mundo - Spain | Friday, 22. July 2011

Greece's hidden default

Following the agreement reached at the special summit in Brussels, the conservative daily El Mundo fears that the new terms for Greek loans could be rated as a default: » more


The Guardian - United Kingdom | Thursday, 21. July 2011

Merkel must be flexible

To solve the crisis in the Eurozone Germany must soften its stance, writes the left-liberal daily The Guardian: » more


ACUM - Romania | Thursday, 21. July 2011

Conversion to euro too dodgy for Romania

Romania wants to join the euro in 2015, but in view of the current euro crisis the online paper Acum strongly advises against it: » more


El País - Spain | Thursday, 21. July 2011

Breaking German taboos

German Chancellor Angela Merkel is under enormous pressure at today's EU summit, the left-liberal daily El País notes: » more


Blog Coulisses de Bruxelles - Belgium | Tuesday, 19. July 2011

Merkel has learned nothing from the crisis

German Chancellor Angela Merkel has learned nothing from last year's Greece crisis in which she only agreed to the establishment of the European Stability Fund under pressure from US President Barack Obama, writes Jean Quatremer in his blog Coulisses de Bruxelles: » more


El País - Spain | Wednesday, 20. July 2011

Europe's credibility in danger

The heads of state and government of the euro countries must take clear decisions at their summit on Thursday otherwise Europe's credibility will be at risk, warns the left-liberal daily El País: » more


Kathimerini - Greece | Wednesday, 20. July 2011

Taxi licence as investment in Greece

Greece's taxi drivers have been demonstrating since Monday against the EU's plan to open up "closed" professions, and there is concern that this could turn ... » more


Lidové noviny - Czech Republic | Thursday, 14. July 2011

EU should sacrifice Greece and Portugal

The Italian government has announced a tougher economy drive and economic reforms in the face of the European debt crisis. For their part the smaller ... » more


De Morgen - Belgium | Wednesday, 13. July 2011

The Eurozone in flames

Indecisive European politicians and nationalist trends are aggravating the euro crisis and represent a threat to Belgium too, warns the left-liberal daily De Morgen: » more


Kurier - Austria | Wednesday, 13. July 2011

Putting banks in their place

After causing the euro crisis the international banks and rating agencies must be kept on a tight rein, writes the left-liberal daily Kurier: » more


Ethnos - Greece | Tuesday, 12. July 2011

Last chance for rescue

By delaying the Greek bailout the EU has put many countries in danger, writes the left-liberal daily To Ethnos: » more


Financial Times Deutschland - Germany | Wednesday, 13. July 2011

Finally admit that Greece is bankrupt

The longer the Eurozone's finance ministers in Brussels struggle to find a solution to the crisis, the more the business newspaper Financial Times Deutschland is reminded of the fairytale The Emperor's New Clothes: » more


El País - Spain | Tuesday, 12. July 2011

Only swift action can prevent decline

In both Italy and Spain, the risk premium on public debt rose to record levels on Monday. The left-liberal daily El País talks of the 'darkest day' in the history of the euro and calls for swift action: » more


Die Presse - Austria | Tuesday, 12. July 2011

Private creditors must pay

The EU can't keep injecting money into Italy like it has into Greece, so to avoid the euro crisis engulfing other countries governments must insist that private bondholders participate in the rescue packages, the liberal-conservative daily Die Presse believes: » more


Frankfurter Allgemeine Sonntagszeitung - Germany | Sunday, 10. July 2011

Berlin's brilliant plan for Greece

German Finance Minister Wolfgang Schäuble has advised the Greeks to invest more in solar energy to overcome the crisis. Yet another ingenious plan, notes the daily Frankfurter Allgemeine Zeitung and comments cynically on how Schäuble must have come up with it: » more


Kathimerini - Greece | Thursday, 7. July 2011

Greece lacks experts for reform

The Greek state is in urgent need of professionals to carry out impending reforms. However, the ruling Socialists of the Pasok party have put off many good people, the conservative daily Kathimerini laments: » more


To Vima Online - Greece | Tuesday, 5. July 2011

EU must not restrict Athens' sovereignty

According to statements by Eurogroup head Jean-Claude Juncker, Greece will lose part of its sovereignty as a result of the international bailout measures. Such an assumption is unacceptable, writes the left-liberal, pro-government online paper To Vima: » more


Corriere della Sera - Italy | Wednesday, 6. July 2011

Debt-stricken states to blame for crisis

The US rating agency Moody's has downgraded Portugal's long-term government bond ratings by four notches from Baa1 to Ba2. The EU should stop accusing thrifty countries like Germany of lacking willingness to help, writes the liberal conservative daily Corriere della Sera: » more


Hospodárske noviny - Slovakia | Wednesday, 6. July 2011

Slovakia shouldn't help Greece

Bowing to pressure from other Eurozone countries, Slovakia will presumably take part in the second euro rescue package after refraining from contributing to the first. The business paper Hospodárske noviny criticises the change of heart: » more


Süddeutsche Zeitung - Germany | Tuesday, 5. July 2011

God is a US rating agency

The governments of the euro countries must finally overcome their undue fear of the rating agencies, the left-liberal daily Süddeutsche Zeitung urges: » more


Il Sole 24 Ore - Italy | Tuesday, 5. July 2011

Europe must manage its debts together

The only way out of the Greek crisis is a pan-European debt and tax community, writes the business paper Il Sole 24 Ore. "Technically it ... » more


L'Echo - Belgium | Tuesday, 5. July 2011

Euro not for weak states

The only chance for the Euro countries in crisis to recover is for them to be expelled from the monetary union, the business paper L'Echo concludes: » more


Blog Pitsirikos - Greece | Friday, 1. July 2011

Athens relies on violence instead of words

The Athens police used tear gas and truncheons against demonstrators protesting the Greek austerity programme on Wednesday, with the result that 500 demonstrators and 40 police officers suffered injuries. The more violence a government uses against its citizens, the weaker it is, writes blogger Pitsirikos: » more


Neue Zürcher Zeitung - Switzerland | Thursday, 30. June 2011

Reform Greek system

By passing the austerity programme the Greek parliament has averted the country's bankruptcy for the time being. But this won't help Greece much if it doesn't tackle deep-rooted problems like clientelism at the same time, writes the liberal-conservative Neuw Zürcher Zeitung: » more


Lidové noviny - Czech Republic | Thursday, 30. June 2011

Athens' tragedy is European

The reasons for the crisis lie not in Greece but in the headlessness of the European Union, writes the conservative daily Lidové noviny: » more


Hospodárske noviny - Slovakia | Thursday, 30. June 2011

Austerity alone is pointless

Passing an austerity package is simple, but pushing it through is far more difficult, writes the business paper Hospodárske noviny: » more


Ta Nea - Greece | Wednesday, 29. June 2011

Greek cuts in vain

The Greek parliament votes on a comprehensive austerity package today. The cuts are a prerequisite for Greece receiving the next instalment of credit from the EU and IMF's bailout programme. The left-liberal daily Ta Nea doubts the efficacy of the cuts and believes Greece can no longer escape bankruptcy: » more


Der Standard - Austria | Tuesday, 28. June 2011

Crisis corrodes Greek society

The trade unions in Greece began a 48-hour strike today in protest at the government's new austerity programme, which is aimed at saving 78 billion euros and due to be put to vote in parliament this week. The left-liberal daily Der Standard fears the decline of Greek society: » more


Delfi - Estonia | Monday, 27. June 2011

Seek new solutions for Greece

The EU heads of state and government agreed on new financial aid for Greece at their summit in Brussels last week. But according to web portal Delfi the danger of the debt crisis expanding has still not been banished: » more


Kathimerini - Greece | Friday, 24. June 2011

Greek opposition leader not to blame

Angela Merkel and other European heads of government on Thursday criticised Antonis Samaras, the conservative leader of the opposition in Greece, because his party rejects further austerity measures. But it's not Samaras' fault that the Eurozone is collapsing, writes the conservative daily Kathimerini: » more


The Guardian - United Kingdom | Thursday, 23. June 2011

Greece needs debt haircut

In the eyes of the left-liberal daily The Guardian the cleverest solution to the Greek crisis would be for Greece to default on its debts: » more


Protagon.gr - Greece | Thursday, 23. June 2011

Betting scandal cleans up Greek football

The Greek police on Wednesday arrested ten suspects involved in a football betting scandal, including several club presidents, on charges of money laundering and manipulating game results. Clearing up the scandal will be a catharsis for Greek football, writes the Internet portal Protagon: » more


Il Sole 24 Ore - Italy | Wednesday, 22. June 2011

Crisis is causing capital flight

Even Greek Prime Minister Papandreou's successful bid for a vote of confidence won't help to prevent the massive capital flight from the country, according to the liberal business daily Il Sole 24 Ore: » more


Süddeutsche Zeitung - Germany | Wednesday, 22. June 2011

Dubious victory for Papandreou

With the vote of confidence from the Greek parliament Prime Minister Giorgos Papandreou has won a battle, but not the war, writes the left-liberal daily Süddeutsche Zeitung: » more


To Vima Online - Greece | Wednesday, 22. June 2011

Financial aid still not a given

Although Greece's Prime Minister Giorgos Papandreou has survived the vote of confidence in parliament the left-liberal online paper To Vima doesn't quite believe in further financial aid from the EU: » more


Právo - Czech Republic | Wednesday, 22. June 2011

Jiří Hanák on state egoism and pro-European policy

Seventy years ago World War II entered a new phase with Germany's attack on the Soviet Union. Jiří Hanák reminds readers of the left-leaning daily Právo that the egoism of Europe's nation-states was one reason for the war, and draws parallels to the Greek crisis: » more


Tiroler Tageszeitung - Austria | Tuesday, 21. June 2011

Ultimatum for debt-stricken state

Greece will receive additional financial help on the condition that it push through further measures. The country must finally show it can be relied on to help resolve the euro crisis, the liberal conservative daily Tiroler Tageszeitung demands: » more


The Daily Telegraph - United Kingdom | Tuesday, 21. June 2011

No alternative to bailout

The Eurozone has no choice but to bolster Greece, the conservative newspaper The Daily Telegraph writes: » more


Adevârul - Romania | Tuesday, 21. June 2011

Euro countries keep Athens on tenterhooks

The euro countries have made further loans for Greece conditional on it adopting a stringent austerity programme. The situation is extremely serious, writes the daily Adevărul: » more


Blog Coulisses de Bruxelles - Belgium | Monday, 20. June 2011

Papandreou hands over power

In reshuffling his cabinet Prime Minister Giorgos Papandreou has brought on board his former rival in the fight for party leadership as finance minister and deputy prime minister. A sign of weakness, writes Jean Quatremer in his blog Coulisses de Bruxelles: » more


Público - Portugal | Sunday, 19. June 2011

Berlin does too much navel-gazing

Germany has given up its tough conditions for the Greek bailout and agreed with France on Friday to allow the banks to participate only on a voluntary basis. Typical behaviour for Germany, writes the daily Público: » more


Ethnos - Greece | Sunday, 19. June 2011

New cabinet, old problem

The Greek Prime Minister Giorgos Papandreou reshuffled his cabinet on Friday. The new finance minister is Evangelos Venizelos, who is seen as a man who gets his way. But with the reshuffle Papandreou has not addressed the real problems with his socialist party Pasok, writes the left-liberal daily To Ethnos in its Sunday edition: » more


Hospodárske noviny - Slovakia | Monday, 20. June 2011

Bankrupt Athens cheaper for EU

Greece has effectively long been bankrupt but Europe keeps playing for time, the business paper Hospodářské noviny complains: » more


The Times - United Kingdom | Friday, 17. June 2011

Berlin must accept own role in crisis

The Germans bear partial responsibility for Greece's crisis and must now pay the price, writes the conservative daily The Times: » more


Le Monde - France | Friday, 17. June 2011

Debt restructuring too dangerous

The German demand for a debt restructuring for Greece must not be put into practice, the left-liberal daily Le Monde urges, siding with the European Central Bank: » more


Berliner Zeitung - Germany | Friday, 17. June 2011

Reasons for German fears

The Debt crisis in Greece, nuclear power, E. coli - why are the Germans afraid of just about everything that comes their way? trend researcher Matthias Horx asks in the left-liberal daily Berliner Zeitung, giving two answers: » more


Courrier International - France | Friday, 17. June 2011

Philippe Thureau-Dangin on the egoistic Union

German national interests are blocking the Greek bailout, France is hindering the redistribution of EU subsidies and the Flemish want to separate from the Walloons. Everyone in Europe just thinks about themselves, writes the publisher of Le Courrier International, Philippe Thureau-Dangin, in the liberal weekly: » more


Blog euinside - Bulgaria | Thursday, 16. June 2011

Bickering over Alexander the Great

The erection of a 22-metre-high bronze statue of Alexander the Great began on Tuesday in the centre of Macedonia's capital city, Skopje. This has triggered fierce criticism from Greece because Athens lays exclusive claim to the ancient king. Instead of provoking each other the two countries should focus on their joint future in the EU, urges the web portal euinside: » more


La Repubblica - Italy | Friday, 17. June 2011

German blockade will be costly

Europe may end up paying a high price for Germany's stubborn stance, warns the left-liberal daily La Repubblica: » more


Avgi - Greece | Wednesday, 15. June 2011

Protests strengthen Greece

As Greek Prime Minister Giorgos Papandreou struggles to maintain his government, tens of thousands once more took to the streets on Wednesday in protest at the country's austerity measures. The protests are good for Greece, writes the left-leaning daily Avgi: » more


Financial Times Deutschland - Germany | Thursday, 16. June 2011

Premier is best man for the job

Greek Prime Minister Papandreou's refusal to step down and his demand for a vote of confidence are the best options in the present situation, writes the liberal daily Financial Times Deutschland: » more


Magyar Nemzet - Hungary | Thursday, 16. June 2011

Athens' fate is sealed

The EU is only delaying Greece's bankruptcy unnecessarily instead of preventing it, writes the conservative daily Magyar Nemzet: » more


Tiroler Tageszeitung - Austria | Thursday, 16. June 2011

Debt relief needed

If they want to save Greece the EU countries as well as private creditors must waive debts and dig into their own pockets, writes the liberal conservative Tiroler Zeitung: » more


Cinco Días - Spain | Wednesday, 15. June 2011

Germany must give up hard line

Germany's demand that private investors contribute to the bailout package must be softened, notes the business paper Cinco Días: » more


Trouw - Netherlands | Wednesday, 15. June 2011

The financial sector must also pay

The Dutch parliament has approved further help for Greece on condition that the private sector also contribute to the package. The Christian-social daily Trouw considers this just: » more


Hospodářské noviny - Czech Republic | Wednesday, 15. June 2011

Greece a hopeless case

At their meeting on Tuesday the Eurozone finance ministers failed to agree on a second bailout for Greece. That once more goes to show how helpless the club is, writes the business paper Hospodářské noviny: » more


Die Presse - Austria | Wednesday, 15. June 2011

No one invests in ailing economy

More than anything else Greece lacks healthy economic structures, writes the liberal conservative daily Die Presse: » more


Le Monde - France | Tuesday, 14. June 2011

EU must remain social despite crisis

After yet another downgrading of Greece's credit rating the Eurozone is discussing additional austerity measures. These must be flanked by a social package, three European political scientists write in the left-liberal daily Le Monde: » more


De Tijd - Belgium | Friday, 10. June 2011

Trichet threatens Greece

Jean-Claude Trichet, president of the European Central Bank (ECB), spoke out on Thursday against debt relief for Greece. The business paper De Tijd sees this as a dangerous move: » more


Le Figaro - France | Thursday, 9. June 2011

Europe must give Athens more billions

Greece will need further bailouts running into the billions according to the International Monetary Fund, the European Central Bank and the European Commission. Europe must stand united in the crisis, writes the conservative daily Le Figaro: » more


Jornal de Negócios - Portugal | Tuesday, 7. June 2011

Kenneth Rogoff calls for quick debt restructuring for Greece

Europe is bent on the wrong strategy for the debt crisis, writes Harvard professor and former IMF chief economist Kenneth Rogoff in the business paper Jornal de Negócios: » more


Rzeczpospolita - Poland | Wednesday, 8. June 2011

Greek bailout contradicts EU principles

The IMF has made further loans for financially stricken Greece dependent on EU guarantees for funding gaps in the country. If the EU agrees to this condition it will only stray farther from its principles, writes the conservative daily Rzeczpospolita: » more


De Volkskrant - Netherlands | Monday, 6. June 2011

Risky bailout plan for Greece

Greece is to receive another 100 billion euros in aid under a preliminary agreement among the 17 Eurozone countries, however only under the condition that it cuts spending further and privatises more state-owned assets. The plan needs support, writes the left-leaning daily De Volkskrant: » more


Élet és Irodalom - Hungary | Friday, 3. June 2011

EU cannot solve Greek debt crisis

Greece will need new financial help by July 1 at the latest, which the euro countries will no doubt approve. Economist Miklós Losoncz takes a sceptical view of the process in the left-liberal weekly Élet és Irodalom: » more


Ethnos - Greece | Thursday, 2. June 2011

Athens' Indignants threaten political system

For more than a week now the "indignant citizens" movement has been demonstrating in Athens against the government's drastic austerity measures. The protests are a symptom of a major crisis of the political system in which the great majority of citizens have lost faith in the parties, writes the left-liberal daily To Ethnos: » more


To Vima Online - Greece | Tuesday, 31. May 2011

Greeks dance towards their downfall

In crisis talks with Greek Prime Minister Giorgos Papandreou, Antonis Samaras, the conservative leader of the opposition, has refused to approve the current austerity programme. The internal political constellation is making it even more difficult to find a solution to the crisis, writes the left-liberal online daily To Vima: » more


Ethnos - Greece | Sunday, 29. May 2011

Greek government deserves to be alone

More than 70,000 Greeks gathered on Sunday evening at Syntagma Square in Athens to protest at the government's austerity programme. On the preceding Friday crisis talks between the opposition and government had once again failed. The Sunday edition of the left-liberal daily To Ethnos says the opposition is right to reject new austerity measures: » more


Eleftherotypia - Greece | Thursday, 26. May 2011

Europe blackmails Greece

Maria Damanaki, the Greek EU Commissioner for Maritime Affairs and Fisheries, has become the first EU politician to warn of the consequences of her country leaving the Eurozone, urging the Greek opposition to approve further austerity measures because otherwise the country may have to return to the drachma. This is blackmail, the left-liberal daily Eleftherotypia complains: » more


Blog Pitsirikos - Greece | Thursday, 26. May 2011

Free Greeks get indignant

Several thousands of Greeks demonstrated against the government's austerity measures on Athens' Syntagma Square and other main squares across the country on Wednesday. Encouraged by the Spanish protest movement, they plan to gather again today. This is a movement of free citizens, Pitsirikos writes jubilantly in his blog: » more


To Vima Online - Greece | Wednesday, 25. May 2011

Greece's opposition irresponsible

Antonis Samaras, president of Nea Demokratia (ND), the main opposition party in Greece that was in government until 2009, on Tuesday rejected the government's new austerity measures following a conversation with Prime Minister Giorgos Papandreou. Samaras is evading his responsibilities, admonishes the online edition of the Sunday paper To Vima, which is linked to the government: » more


O Kosmos tou Ependiti - Greece | Sunday, 22. May 2011

Crisis promotes fascism

In recent weeks there have been several racially motivated attacks on migrants in Greece. The business paper O Kosmos tou Ependiti believes the economic crisis is encouraging xenophobia all over Europe: » more


De Telegraaf - Netherlands | Thursday, 19. May 2011

No more credit

Greece is broke, but only under strict conditions should the debt-stricken country receive further bailouts, warns the tabloid De Telegraaf: » more


Helsingin Sanomat - Finland | Thursday, 19. May 2011

Greece better off selling assets

Greece is once more the focus of attention following the EU's approval of the Portugal bailout last Monday. Criticism is mounting of the country's slow progress in reducing its mountain of debt. The liberal daily Helsingin Sanomat comments that privatising state assets would do the country good: » more


Večer - Slovenia | Thursday, 19. May 2011

Avoid Greek sell-off

Full privatisation of state assets will only aggravate Greece's problems rather than reducing its debts, writes the daily Večer: » more


Hospodárske noviny - Slovakia | Tuesday, 17. May 2011

Strauss-Kahn's departure hurts the Greeks

After the arrest of IMF chief Dominique Strauss-Kahn crisis-stricken Greece faces even harder times, the business daily Hospodářské noviny suspects: » more


Eesti Päevaleht - Estonia | Monday, 16. May 2011

Restructuring Greek debt cheapest solution

The finance ministers of the 17 Euro countries meet today in Brussels to discuss the bailout package for Portugal and stronger support for Greece. The daily Eesti Päevaleht expresses concern about Greece's enormous budget deficit: » more


Zeit Online - Germany | Wednesday, 11. May 2011

Helpful false report over Euro exit

The German news portal Spiegel Online reported last Friday that Greece was considering leaving the Eurozone. The economist Yanis Varoufakis suspects in the liberal news portal Zeit Online that this was a signal to politics that the time has come for new solutions: » more


Expressen - Sweden | Thursday, 12. May 2011

Acropolis for sale

At least 27 people have been injured through outbreaks of violence during protests against the Greek government's new austerity package plans. The trade unions have now called for a 24-hour strike in a country which is on the brink of bankruptcy. The liberal tabloid Expressen questions whether the Greeks are at all familiar with the term "sense of responsibility": » more


Les Echos - France | Wednesday, 11. May 2011

Athens stronger than speculators hope

Rumours in the wake of last Friday's secret meeting of several EU finance ministers have prompted stock market speculation against Athens. But investors who hope Greece's debts will be restructured are fooling themselves, writes the business paper Les Echos: » more


Imerisia - Greece | Tuesday, 10. May 2011

Crisis makes its mark in Thessaloniki

Twenty percent of the population of Greece's second-largest city Thessaloniki is without work, and according to trade unions that figure is as high as 26 percent. This high level of unemployment is making its mark on the face of the city, writes the business paper Imerisia: » more


Die Welt - Germany | Tuesday, 10. May 2011

Exit could generate boom

It makes sense for Greece to leave the Monetary Union because that would improve the Greeks' prospects for lasting economic recovery, writes the conservative daily Die Welt: » more


Blog Standard.ro - Romania | Tuesday, 10. May 2011

Drachma would bring more problems

Confidence is dwindling on the financial markets that Greece can overcome its debt crisis. The rating agency Standard & Poor's has lowered the country's credit rating by an additional two points. But a return to the drachma would by no means solve the country's problems, comments the blog portal standard.money.ro: » more


Dagens Nyheter - Sweden | Tuesday, 10. May 2011

Keep Athens in the Eurozone

Greece's creditors should relieve the country of part of its debt so that it can remain in the Eurozone, the liberal daily Dagens Nyheter urges: » more


Ta Nea - Greece | Monday, 9. May 2011

Crazy Greeks have only themselves to blame

Given the way Greece is handling the crisis it's no wonder Europe is speculating about the country exiting the Monetary Union, the left-liberal daily Ta Nea observes: » more


Tiroler Tageszeitung - Austria | Sunday, 8. May 2011

Don't exclude Greece

With an eye to last Friday's secret meeting of leading representatives of the large euro states, the Tiroler Zeitung criticises the Union's unclear information policy and sees Greece's exit as a bad option: » more


Die Welt - Germany | Monday, 9. May 2011

Debt crisis will cost EU taxpayers billions

The debt crisis in Greece and Portugal will cost Europe's taxpayers a pretty penny and could lead to the collapse of the Euro system, the conservative daily Die Welt writes: » more


Il Sole 24 Ore - Italy | Sunday, 8. May 2011

EU hostage to Berlin

With her unclear position on Greece's bailout German Chancellor Angela Merkel is increasing the pressure on the debt-stricken country, writes the business paper Il Sole 24 Ore: » more


De Tijd - Belgium | Monday, 9. May 2011

No escape without help

The talks about Greece's debt crisis highlight the fact that the country can no longer overcome the crisis on its own, writes the business paper De Tijd: » more


Lidové noviny - Czech Republic | Thursday, 5. May 2011

Rescue plan unrealistic

The example of Portugal shows why rescuing highly indebted countries is so controversial, writes the conservative daily Lidové noviny: » more


De Telegraaf - Netherlands | Thursday, 5. May 2011

Extravagant countries must do their bit

After Greece and Ireland, Portugal has now also had to apply for aid from the European bailout fund. The three countries have lived above their means, complains the tabloid De Telegraaf: » more


Blog A Europa desalinhada - Portugal | Tuesday, 3. May 2011

Desperate Greeks attack Papandreou

An incident that occurred during the Easter holidays illustrates how Greeks have lost all confidence in their government, writes Jean Quatremer, Brussels correspondent for the French daily Libération, in the blog A Europa desalinhada for the weekly Expresso: » more


Die Welt - Germany | Tuesday, 3. May 2011

Greek payment deferral immoral

Greece's Finance Minister Giorgos Papakonstantinous Monday demanded longer repayment deadlines and lower interest rates for EU and IMF loans. The conservative daily Die Welt fears that the country is trying to shirk responsibility: » more


Eleftherotypia - Greece | Thursday, 28. April 2011

Don't make cuts in Greek social state

The European statistics office Eurostat on Tuesday reported that Greece's public deficit was 10.5 percent of the gross domestic product (GDP) in 2010, not 8.1 percent as expected. The left-liberal daily Eleftherotypia warns against cutting social expenditures: » more


Kathimerini - Greece | Tuesday, 19. April 2011

Haircut won't help Greece

Several Greek ministers have presented the internationally discussed restructuring of Greece's debts as an alternative to the austerity measures agreed with the IMF and EU. The conservative daily Kathemirini believes that even restructuring won't solve the problem: » more


Ethnos - Greece | Thursday, 14. April 2011

New elections would hurt Greek government

Last week MPs belonging to the Greek ruling party Pasok rejected a gambling law which the government had hoped would procure it yearly revenues of around 700 million euros, triggering a debate about calling new elections. Pasok MPs are obviously trying to secure their posts before the party's popularity dips, the left-liberal daily To Ethnos speculates, noting that the government itself won't benefit from new elections: » more


Naftemporiki - Greece | Wednesday, 13. April 2011

Greece needs debt conversion

In several European countries the restructuring of Greece's debt is increasingly under discussion. Such considerations are well called for, writes the business paper Naftemporiki: » more


Eleftherotypia - Greece | Tuesday, 12. April 2011

Athens' university hospitals in crisis

The Areteion and Eginition university hospitals in Athens have suspended their emergency and clinical services indefinitely. The hospital managements complain that the Ministry of Education has cut state subsidies for the institutions. The left-liberal daily Eleftherotypia calls on the government to resolve the problem quickly to avoid similar situations from arising at other hospitals: » more


NRC Handelsblad - Netherlands | Tuesday, 12. April 2011

A dangerous trend

The people of Iceland voted against repaying around four billion euros in debts to the UK and the Netherlands in a referendum held at the weekend. Debtor countries like Portugal and Greece could follow this example, the daily NRC Handelsblad warns: » more


De Telegraaf - Netherlands | Friday, 8. April 2011

Tough message for struggling economies

Increasing the benchmark interest rate is a clever move by the European Central Bank (ECB), writes the tabloid De Telegraaf: » more


Il Sole 24 Ore - Italy | Thursday, 7. April 2011

Only stable government can save economy

Portugal has become the third country after Greece and Ireland to seek assistance under the EU's bailout programme. However Portugal's crisis is of a different nature to the situation in the other two ailing states, writes the business paper Il Sole 24 Ore: » more


Der Standard - Austria | Monday, 4. April 2011

Restructuring of Greek debt barely feasible

The International Monetary Fund (IMF) last week for the first time called for the restructuring of Greece's debt. It would solve a lot of problems if Athens' creditors were indeed to waive some of the country's debts, writes the left-liberal daily Der Standard: » more


Ta Nea - Greece | Monday, 14. March 2011

Greek revitalisation to be performance-based

The interest rates for EU loans to Greece will be lowered and their maturities lengthened. This was the decision reached by the heads of state and government of the 17 euro countries at their summit meeting in Brussels last Friday. But it's too early to celebrate, warns the left-liberal daily Ta Nea: » more


Gazeta Wyborcza - Poland | Monday, 14. March 2011

EU bailout fund increase useless

The EU bailout fund for debt-stricken member states will be boosted to 440 billion euros by 2013. This is one of the results of last Friday's special summit for the heads of state and government of the 17 Eurozone countries. The plan is unlikely to have any long-term impact, writes the liberal daily Gazeta Wyborcza: » more


Kathimerini - Greece | Monday, 14. March 2011

Nikos Xidakis on Greece's excluded youth

Greece has so far failed to take advantage of the enormous potential of its youth in finding a solution to its debt crisis, writes columnist Nikos Xidakis in the conservative daily Kathimerini: » more


Süddeutsche Zeitung - Germany | Thursday, 10. March 2011

Politicians hush up costs of euro bailout

The heads of state and government of the Eurozone will meet on Friday to discuss the lasting stabilisation of the Monetary Union. But the costs will be high because Greece, Ireland and Portugal are on the verge of bankruptcy, writes the left-liberal daily Süddeutsche Zeitung: » more


El País - Spain | Tuesday, 8. March 2011

Solidarity for selfish reasons

If the countries of the Eurozone abandon the weakest members to their fate they will only be hurting their own interests, the left-liberal daily El País warns: » more


Il Sole 24 Ore - Italy | Tuesday, 8. March 2011

Debt conversion on the doorstep

The cutting of Greece's credit rating by US rating agency Moody's makes at least partial debt conversion for Greece inevitable, the business paper Il Sole 24 Ore writes: » more


To Vima Online - Greece | Monday, 7. March 2011

Bring Moody's to trial

Lowering Greece's credit rating by three points is such an aggressive move that the rating agencies should be sued, writes the pro-government daily To Vima: » more


Die Presse - Austria | Tuesday, 8. March 2011

Find solutions for Greece

Instead of discussing the lowering of Greece's credit rating by US rating agency Moody's we should be discussing the debt-stricken country's prospects, writes the liberal-conservative daily Die Presse: » more


Kathimerini - Greece | Tuesday, 22. February 2011

Greece menaced by general strikes

The tenth general strike this year against the Greek government's austerity policy will be staged today, Wednesday. The strikes endanger the country in many ways, writes Dionisis Gousetis in the conservative daily Kathimerini: » more


Der Standard - Austria | Tuesday, 15. February 2011

More solidarity with the South

The EU must show solidarity with the Southern European countries where the refugees are landing, writes the left-liberal daily Der Standard with an eye to the arrival of thousands of Tunisian refugees on the Mediterranean island of Lampedusa: » more


Il Sole 24 Ore - Italy | Wednesday, 30. March 2011

Bailout fund death-blow to debtor states

The rating agency Standard & Poor's has once again lowered the credit ratings of Greece and Portugal. Greece's rating was downgraded to BB-, Portugal's to BBB-. The new EU crisis mechanism is by no means free of blame for this move which leaves Portugal just one notch above the junk status, the business paper Il Sole 24 Ore comments: » more


Ta Nea - Greece | Monday, 14. March 2011

Greek revitalisation to be performance-based

The interest rates for EU loans to Greece will be lowered and their maturities lengthened. This was the decision reached by the heads of state and government of the 17 euro countries at their summit meeting in Brussels last Friday. But it's too early to celebrate, warns the left-liberal daily Ta Nea: » more


Kathimerini - Greece | Monday, 14. March 2011

Nikos Xidakis on Greece's excluded youth

Greece has so far failed to take advantage of the enormous potential of its youth in finding a solution to its debt crisis, writes columnist Nikos Xidakis in the conservative daily Kathimerini: » more


Il Sole 24 Ore - Italy | Tuesday, 8. March 2011

Debt conversion on the doorstep

The cutting of Greece's credit rating by US rating agency Moody's makes at least partial debt conversion for Greece inevitable, the business paper Il Sole 24 Ore writes: » more


Die Presse - Austria | Tuesday, 8. March 2011

Find solutions for Greece

Instead of discussing the lowering of Greece's credit rating by US rating agency Moody's we should be discussing the debt-stricken country's prospects, writes the liberal-conservative daily Die Presse: » more


To Vima Online - Greece | Monday, 7. March 2011

Bring Moody's to trial

Lowering Greece's credit rating by three points is such an aggressive move that the rating agencies should be sued, writes the pro-government daily To Vima: » more


El País - Spain | Tuesday, 8. March 2011

Solidarity for selfish reasons

If the countries of the Eurozone abandon the weakest members to their fate they will only be hurting their own interests, the left-liberal daily El País warns: » more


Kathimerini - Greece | Tuesday, 22. February 2011

Greece menaced by general strikes

The tenth general strike this year against the Greek government's austerity policy will be staged today, Wednesday. The strikes endanger the country in many ways, writes Dionisis Gousetis in the conservative daily Kathimerini: » more


Der Standard - Austria | Tuesday, 15. February 2011

More solidarity with the South

The EU must show solidarity with the Southern European countries where the refugees are landing, writes the left-liberal daily Der Standard with an eye to the arrival of thousands of Tunisian refugees on the Mediterranean island of Lampedusa: » more


O Kosmos tou Ependiti - Greece | Sunday, 13. February 2011

Giannis Kibouropoulos defends Greece's non-payers

In Greece the non-payers movement is growing. It consists of people who refuse to pay the higher tolls and fares for travel on local public transport which have gone up by 40 percent. The government plans to take tougher action against these people but demonising them will be counterproductive, writes columnist Giannis Kibouropulos in the business paper O Kosmos tou Ependiti: » more


Kathimerini - Greece | Thursday, 10. February 2011

Spielberg as Greece's saviour

Tax fugitives from Greece have 600 billion euros stashed away in Swiss bank accounts. That amounts to almost five times the loan the highly indebted country has received from the International Monetary Fund (IMF). The conservative daily Kathimerini presents a Hollywood version of the rescue of Greece: » more


Weltwoche - Switzerland | Friday, 4. February 2011

Rating agencies control euro crisis

The crisis of the financial markets has shown that rating agencies do not deserve the huge respect they used to enjoy, writes Swiss economist Bernd Schips in the weekly Weltwoche, noting that notwithstanding they have continued to to be strangely influential in the euro crisis: » more


Ta Nea - Greece | Tuesday, 1. February 2011

Stop disability-pension fraud

Thousands of Greeks are claiming disability pensions without being disabled in any way. The left-wing liberal daily Ta Nea criticises such behaviour as irresponsible in times of financial crisis and calls for an end to this grand-scale fraud: » more


Kathimerini - Greece | Tuesday, 25. January 2011

Economic refugees in poor Greece

In Athens and Thessaloniki 270 migrant workers began a hunger strike on Tuesday, demanding unlimited residency permits. The poor of the world are turning to the poor of Europe for help, the conservative daily Kathimerini writes: » more


Financial Times Deutschland - Germany | Thursday, 20. January 2011

Debt relief for Greece good option

The countries of the Eurozone are considering measures for debt relief for Greece in a bid to stabilise the country. Private investors are also called on to do their bit. The liberal Financial Times Deutschland finds the proposal charming: » more


Ta Nea - Greece | Monday, 3. January 2011

Tax evasion a national sport in Greece

According to statistics of the Greek Ministry of Finance, 60 percent of Greeks paid no income tax in 2009. The left-liberal daily Ta Nea isn't surprised: » more


Kathimerini - Greece | Wednesday, 29. December 2010

Crisis has changed the Greeks

Masses of Greek civil servants took early retirement in 2010 to avoid the austerity measures introduced by the Socialist government. The conservative daily Kathimerini takes the opportunity to analyse the attitudes of Greeks during this year of crisis: » more


Kathimerini - Greece | Wednesday, 22. December 2010

Athens increasingly disgusting

Strikes in Athens have paralysed the municipal refuse collection services and public transport. The Greek capital has turned into a third-world city for good, the conservative daily Kathimerini writes commenting on the piles of refuse accumulating on the streets: » more


Capital - Greece | Thursday, 16. December 2010

Greeks discontent focuses on politicians

Violent clashes broke out between the police and demonstrators during a recent general strike in Athens against the job market reforms. An angry mob attacked the former transport minister Kostis Hatzidakis with stones and sticks. Greece is experiencing a new phase of conflict between citizens and politicians, writes the business paper Capital: » more


Ethnos - Greece | Wednesday, 8. December 2010

Strauss-Kahn as saviour of the euro

The chairman of the International Monetary Fund (IMF) Dominique Strauss-Κahn negotiated the extension of Greece's repayment of its bailout loan from three to seven years on Tuesday in Athens. He used the occasion to stress the need for further austerity measures while at the same time praising Greece's budget consolidation. But according to the left-liberal daily To Ethnos, Strauss-Kahn had only the French Presidential elections in 2012 in mind when he did this: » more


To Vima Online - Greece | Thursday, 2. December 2010

Mikis Theodorakis awakens the Greeks

The Greek composer Mikis Theodorakis announced on Wednesday the founding of a new popular movement with which he calls on Greeks to be disobedient and to participate in the dialogue over how to weather the crisis. The left-liberal online newspaper To Vima welcomes the new movement of the 85-year-old composer: » more


Ethnos - Greece | Sunday, 28. November 2010

Dimitris Papachristou on the value of traditions

Capitalism has destroyed many Greek traditions. But to survive the current crisis precisely these traditions must be preserved, argues author Dimitris Papachristou in the left-liberal daily To Ethnos: » more


Svenska Dagbladet - Sweden | Tuesday, 23. November 2010

Ireland is not Greece

After a brief period of hesitation Ireland has agreed to accept help from the planned EU bailout fund. However Dublin will apparently not be subjected to the same degree of supervision as Greece before it, the conservative daily Svenska Dagbladet notes: » more


Kathimerini - Greece | Wednesday, 17. November 2010

Dionisis Gousetis on neo-fascism in Greece

Several thousand Greeks on Wednesday commemorated the bloody quelling of a student uprising against the military regime on 17 November 1973. But fascist attitudes are far more widespread in Greece today than in 1973, writes Dionisis Gousetis in the conservative daily Kathimerini: » more


Ethnos - Greece | Monday, 15. November 2010

Greeks allow premier tougher austerity measures

For the first time in 24 years Greek voters have elected Socialists to the post of mayor in Athens and Thessaloniki in the second round of the regional and local elections. This will make it easier for Prime Minister George Papandreou to push through even harsher austerity measures, writes the left-liberal daily To Ethnos: » more


Die Presse - Austria | Monday, 15. November 2010

Result of a misguided monetary policy

EU Financial aid for Greece and now perhaps also for Ireland is not the solution, writes the liberal-conservative daily Die Presse, arguing that the real problem lies in a monetary policy defined by low interest rates and the illusion that one can get into debt without consequences: » more


Eleftherotypia - Greece | Thursday, 11. November 2010

Andreas Roumeliotis on the Greeks serving the Albanians

The EU waived visa requirements for Albania and Bosnia and Herzegovina on Monday. The Greek economics minister welcomes the decision as he expects it to encourage mainly Albanian tourists rather than work migrants. Writing in the daily Eleftherotypia Andreas Roumeliotis ventures an ironic look at a future in which the crisis-ridden Greeks become the lackeys of the nouveau-riche Albanians: » more


Der Standard - Austria | Tuesday, 9. November 2010

No majority for Greek austerity plan

The majority obtained by the governing Pasok party in Greece's local elections is not a confirmation for Prime Minister Giorgos Papandreou's austerity plan, writes the left-liberal daily Der Standard: » more


Eleftherotypia - Greece | Monday, 8. November 2010

Silent protest of young nonvoters

With their low voter turnout the Greek voters have flouted Prime Minister Giorgos Papandreou's attempt to use the crisis to serve his political ends, writes the leftist daily Eleftherotypia: » more


Corriere del Ticino - Switzerland | Tuesday, 9. November 2010

Government battles immorality

With his hard course Greece's Prime Minister Giorgos Papandreou has declared war on immorality, writes the liberal daily Corriere del Ticino with an eye to the country's local elections: » more


Ta Nea - Greece | Monday, 8. November 2010

Papandreou passes mood test for now

Despite heavy losses for his Socialists in Greece's regional and local elections Greek head of government Giorgos Papandreou has precluded early parliamentary elections. The left-liberal daily Ta Nea asks whether the whole thing was not just much ado about nothing: » more


Ta Nea - Greece | Thursday, 4. November 2010

Papandreou will survive voters' displeasure

Prime Minister Giorgos Papandreou has defined the local elections taking place in Greece on Sunday as the touchstone for his austerity measures. But even if his party suffers heavy losses he will continue with his course, the left-liberal daily Ta Nea writes, drawing a parallel with the congressional elections in the US: » more


Der Tagesspiegel - Germany | Thursday, 4. November 2010

Protest in Europe becomes more radical

The parcel bombs from Greece, the parked cars set on fire in Germany and the arson attack against the Berlin S-Bahn railway network are all proof that militancy is on the rise on the political fringes both in and outside Germany, writes the left-liberal daily Der Tagesspiegel: » more


Gândul - Romania | Thursday, 4. November 2010

Explosive anger at politicians

The Greek government suspects that left-wing radical groups are behind the letter bomb attacks. The daily Gândul speculates on their motives: » more


Der Standard - Austria | Thursday, 4. November 2010

United against mail bombers

EU security experts will meet tomorrow, Friday, in Brussels to discuss the parcel bombs from Greece. The meeting could improve pan-European cooperation in the area of internal security, the liberal-conservative daily Der Standard hopes: » more


Il Sole 24 Ore - Italy | Thursday, 4. November 2010

Attacks aimed at destabilising Greece

In the aftermath of a series of mail bomb attacks the Greek police have detained two youths believed to belong to the left-wing extremist underground organisation Conspiracy of the Cells of Fire. The police are trying to play down the implications of the conflict however, writes the business paper Il Sole 24 Ore: » more


Ta Nea - Greece | Wednesday, 3. November 2010

Parcel bombs from Greece spread fear

A number of parcel bombs have been sent from Greece to, among others, the German chancellor, the French President and several embassies. All air freight being sent ... » more


Die Presse - Austria | Friday, 29. October 2010

Eurozone stability only skin deep

The permanent EU crisis mechanism adopted at Germany's initiative might protect German economic growth but it won't ensure genuine stability in the Eurozone, writes the liberal conservative daily Die Presse: » more


Ta Nea - Greece | Monday, 25. October 2010

Papandreaou overdramatises local elections

In view of the ongoing protests in Greece against the government's austerity policy, Prime Minister George Papandreou no longer excludes the possibility of holding early elections. He has announced he considers the results of his party Pasok in the nationwide regional polls on November 7 a litmus test. Giannis Pretenderis of the left-liberal daily Ta Nea fails to see the importance of the local elections: » more


Hospodárske noviny - Slovakia | Wednesday, 20. October 2010

No punishment for the guilty

The harsher punishment for the Eurozone's deficit sinners that Germany had initially pushed for is a thing of the past. A wasted opportunity, writes the Slovakian business paper Hospodárske noviny: » more


Ta Nea - Greece | Tuesday, 12. October 2010

Murder highlights political decline in Greece

A Greek court on Monday sentenced a police officer to life imprisonment for murder. Almost two years ago he shot and killed the 15-year-old Alexandros Grigoropoulos, setting off a wave of riots throughout Greece. But the real blame lay primarily with the idleness of Kostas Karamanlis' government, writes the left-liberal daily Ta Nea: » more


Süddeutsche Zeitung - Germany | Monday, 4. October 2010

China grasps at Greece

China wants to help the financially weak Greece with the purchase of government bonds and an investment programme. That was the announcement made by Chinese Premier Wen Jiabao on his visit to Athens on Sunday. But Beijing's new love for Hellas has nothing to do with charity, warns the left-liberal Süddeutsche Zeitung: » more


Ethnos - Greece | Thursday, 30. September 2010

Greek journalists' strike illegal

A court in Greece has ruled that strikes planned by journalists working for three media publishers are illegal. The strikes called by the journalists' association ESIEA have been called off as a result. The left-liberal daily To Ethnos deplores the association's incompetence at defending its members' rights: » more


Kathimerini - Greece | Tuesday, 28. September 2010

Greece soft on tax evaders

Greek businesses and independent entrepreneurs are to be allowed to pay off their tax debts from the years 2000 to 2009 with a one-off lump sum payment. That is the upshot of a bill presented to parliament by Finance Minister Giorgos Papakonstantinou with the aim of raising tax revenues and getting tax evaders to pay up. The conservative daily Kathimerini finds this unfair to honest taxpayers: » more


Eleftherotypia - Greece | Monday, 13. September 2010

The culprits of the Greek crisis go unpunished

Iceland's ex-prime minister Geir Haarde and other leading politicians are to be put on trial for their part in precipitating the bank collapse two years ago. The leftist daily Eleftherotypia doubts similar measures will be taken against those responsible for the Greek crisis: » more


Ta Nea - Greece | Wednesday, 8. September 2010

Cabinet reshuffle endangers Greece's rescue programme

The Greek Prime Minister George Papandreou has reshuffled his government, appointing new members and increasing the number of ministers and their deputies from 37 to 48. This could however delay the government's plans for getting the country back on track, the left-liberal daily Ta Nea fears: » more


Világgazdaság - Hungary | Wednesday, 1. September 2010

Hans-Werner Sinn on the winners and losers after the crisis

After surviving the global economic crisis the world is now divided into two groups of countries, writes the Munich economist Hans-Werner Sinn in the business paper Világgazdaság. While some are booming others are lagging behind and grappling with new problems: » more


Il Sole 24 Ore - Italy | Tuesday, 24. August 2010

Greece battles its way out of the crisis

The European Commission has voted in favour of giving Greece a second instalment of financial aid. Greece has made it through the worst of the crisis, the business paper Il Sole 24 Ore writes, but foresees further challenges for Athens: » more


To Vima Online - Greece | Friday, 20. August 2010

Greece lacks entrepreneurship

The Greeks buy more imported products than products made in their own country, consumer statistics recently published by the Bank of Greece reveal. The left-liberal daily To Vima sees lacking competitiveness as the cause: » more


Pravda - Slovakia | Thursday, 12. August 2010

Slovakia's no to Greece is pure populism

Slovakian head of government Iveta Radičová has fiercely defended her country's decision not to provide financial help for Greece, saying that no one helped Slovakia to implement its tough reforms. The leftist daily Pravda sees the decision made by the parliament in Bratislava as a mistake: » more


Lidové noviny - Czech Republic | Thursday, 12. August 2010

Slovakia revolts against help for Greece

Following a parliamentary decision, Slovakia will be the only country within the Eurozone not to provide any direct financial aid to Greece, but it will support the bailout fund for protecting the euro. Although Slovakia's decision darkened the mood in Brussels, the conservative daily Lidové noviny praises Bratislava's steadfastness: » more


Kathimerini - Greece | Wednesday, 11. August 2010

Greece must open up access to professions

The Greek government has announced that it would like to open previously closed professions as one of its austerity measures. The plan has met with resistance from the affected professional groups in Greece. But the conservative daily Kathimerini thinks this is a good idea: » more


To Vima Online - Greece | Friday, 6. August 2010

Greeks should bring their money back

Greeks have transferred an estimated 22 billion euros from Greek banks to foreign accounts. The left-liberal daily To Vima urges wealthy citizens to bring their money back home: » more


El País - Spain | Friday, 6. August 2010

Greek budget gives cause for optimism

The inspectors of the European Central Bank, the EU Commission and the International Monetary Fund have confirmed that Greece has fulfilled its goals so far regarding budget consolidation. This gives the green light for the country to receive another international loan of nine billion euros. The left-liberal daily El País hopes the financial situation in Europe will now stabilise: » more


Kathimerini - Greece | Tuesday, 3. August 2010

Xenia Kounalaki on beachgoing Greeks during a crisis

Columnist Xenia Kounalaki describes a day on a Greek island beach, in the conservative daily Kathimerini, and mulls over how Greeks are dealing with their economic crisis: » more


Rzeczpospolita - Poland | Monday, 19. July 2010

Frugality required

The International Monetary Fund has suspended a line of credit to Hungary because of its budget deficit. Disciplinary action will do Europe's budget politicians good, writes the conservative daily Rzeczpospolita: » more


Die Welt - Germany | Monday, 19. July 2010

EU adopts tough stance thanks to the IMF

The International Monetary Fund (IMF) and the EU have interrupted credit talks with the highly-indebted Hungary. That shows how effective the EU can be thanks to its cooperation with the IMF, writes the conservative daily Die Welt: » more


Les Echos - France | Thursday, 15. July 2010

PIIGS countries pick up

Since the euro crisis Portugal, Ireland, Italy, Greece and Spain have counted among the weakest countries in the Eurozone. But nonetheless the financial situation in the so-called PIIGS countries is improving, writes the business paper Les Echos: » more


Ethnos - Greece | Thursday, 8. July 2010

The Greek fight against austerity measures

On Thursday the Greeks protested with a general strike against the country's pension reform. This could mark the beginning of an all-out struggle over social benefits, writes the left-liberal daily To Ethnos: » more


Kathimerini - Greece | Thursday, 8. July 2010

Greeks must take reforms seriously

The Greek parliament passed a controversial pension reform law on Wednesday. The trade unions have responded today, Thursday, with a general strike. The conservative daily Kathimerini welcomes the reform and urges citizens to be understanding: » more


Ethnos - Greece | Thursday, 1. July 2010

Greece caught in VAT trap

Greece has increased VAT from 21 to 23 percent. This will not help anyone, the left-liberal daily To Ethnos concludes: » more


Avgi - Greece | Thursday, 24. June 2010

Greeks entitled to strike

Members of the Greek Communist Party and the closely affiliated trade union Pame on Wednesday staged a blockade of the ferry port of Piräus, even though a court had declared the strike illegal. The leftist daily Avgi reacts with irony to the criticism of media and ferry companies of the strike: » more


Eleftherotypia - Greece | Thursday, 17. June 2010

Greece fans employees' fears

The Greek government plans to cut minimum wages and facilitate dismissals in a comprehensive labour market reform. This will only worsen the sense of insecurity among employees, writes the left-liberal daily Eleftherotypia: » more


Kathimerini - Greece | Wednesday, 16. June 2010

Private television exacerbates Greek crisis

The daily Kathimerini writes that Greece's private television stations have played a role in worsening the country's crisis and complains of the poor programme quality: » more


Kathimerini - Greece | Sunday, 6. June 2010

Nikos Konstantaras on the Greeks' "great loneliness"

More and more Greeks are losing their jobs owing to the economic crisis. Salaries are being drastically cut in both the public and private sectors. The Greeks feel more alone than ever, writes Nikos Konstantaras in the Sunday edition of the daily Kathimerini: » more


To Vima Online - Greece | Wednesday, 2. June 2010

Greece lacks negotiating leverage

As part of its austerity measures the Greek government took further steps on Thursday toward reforming its pension system. Greece is forced to accept the dictates of the IMF, writes the left-liberal daily To Vima: » more


Eleftherotypia - Greece | Wednesday, 26. May 2010

Nikos Paraskevopoulos on good and bad murders

At the beginning of May three people were killed during protests against the Greek austerity measures. With reference to these deaths and several bomb attacks Nikos Paraskevopoulos voices concern about the rise in violence in the leftist daily Eleftherotypia: » more


Ethnos - Greece | Thursday, 20. May 2010

Greeks protest against austerity measures

Strikes against the government's austerity programme have once again disrupted public life in Greece. The left-liberal daily To Ethnos criticises Prime Minister George Papandreou's failure to keep his election promises: » more


Kathimerini - Greece | Wednesday, 19. May 2010

Corrupt Greek doctors rip off their patients

Greece's healthcare system is marked by corruption and cronyism, the conservative daily Kathimerini complains: » more


Ta Nea - Greece | Tuesday, 18. May 2010

Greece choked by rescue measures

The left-liberal daily Ta Nea paints a sombre picture of Greece's prospects for economic development: » more


Ethnos - Greece | Thursday, 13. May 2010

Erdoğan could exploit the weakness of the Greeks

The Turkish Prime Minister Tayyip Erdoğan arrives in the Greek capital of Athens today for a two-day round of discussions. Erdoğan will try to take advantage of the current weakness of the crisis-ridden country, the daily To Ethnos writes: » more


To Vima Online - Greece | Friday, 7. May 2010

Greeks must accept the need for cuts

The Greek parliament on Thursday gave the green light for a new austerity package aimed at preventing the state from going bankrupt. The daily To Vima, which has close links to the government, expresses concern about the strong resistance to these measures: » more


Sme - Slovakia | Thursday, 6. May 2010

Crisis puts Greece in a desperate situation

Despite the help from Europe Greece finds itself in a desperate situation, writes the daily Sme with an eye to the bloody riots in Athens on Wednesday in which three people died: » more


Adevârul - Romania | Thursday, 6. May 2010

Undeserved slap in the face for government

The violent protests in Greece have struck a government that bears no responsibility for the country's misery, writes the daily Adevărul: » more


Financial Times - United Kingdom | Thursday, 6. May 2010

Athens' politicians must be fair

After the violent protests in Athens, Greece's politicians must join forces and make sure that the wealthy, too, do their bit to help the economy: » more


Hospodářské noviny - Czech Republic | Wednesday, 5. May 2010

Greek protests threaten economy

A general strike will be staged in Greece today, Wednesday, in protest at the strict austerity measures imposed on Athens by the euro countries and the International Monetary Fund. Such a protest could have dire consequences, writes the business daily Hospodářské noviny: » more


Jornal de Negócios - Portugal | Tuesday, 4. May 2010

Fernando Sobral on Greece's prospects of landing in purgatory

The economic crisis in Greece is an unmistakable sign of the state of our society, writes Fernando Sobral in the business paper Jornal de Negócios. ... » more


Jornal de Notícias - Portugal | Tuesday, 4. May 2010

Portugal must learn from Greece's crisis

The harsh austerity measures in Greece and the drastic impact on people there should serve as a lesson for Portugal, the daily Jornal de Notícias writes: » more


Süddeutsche Zeitung - Germany | Tuesday, 4. May 2010

Gustav Seibt on Europe's keen interest in the crisis

The rescue of the Greek budget is stirring up more emotion among German citizens than any other European policy issue before it. Historian Gustav Seibt sees this as the first stirrings of a European public sphere and writes in the left-liberal daily Süddeutsche Zeitung: » more


Delo - Slovenia | Monday, 3. May 2010

The lessons of the Greek crisis

In view of the rescue package for Greece, the daily Delo calls for reliable mechanisms for avoiding such scenarios in the future: » more


Der Standard - Austria | Monday, 3. May 2010

EU will pay a high price for intervention

The agreement on measures to solve the Greek crisis reached by the members of the Eurozone on Sunday is irresponsible in the eyes of the daily Der Standard: » more


Expansión - Spain | Monday, 3. May 2010

Face sacrifices or disaster

Many citizens In Greece are protesting against the harsh austerity measures imposed on the country in exchange for international financial aid. They have little alternative but to accept them, the business paper Expansión writes: » more


De Tijd - Belgium | Monday, 3. May 2010

Strong euro proves pessimists wrong

With their decision to help Greece the euro countries have put all the pessimists in their place, the business paper De Tijd writes: » more


Carta - Germany | Friday, 30. April 2010

Julius Endert on the sluggish political response to the Greece crisis

While politicians meet for prolonged exchanges of information on the Greece crisis the financial industry is exploiting even the tiniest pieces of information within milliseconds, notes Julius Endert writing for Blog Carta, and criticises the politicians for lagging behind the economy: » more


Diário Económico - Portugal | Friday, 30. April 2010

EU lacks unity in the crisis

The present situation of several highly indebted states as well as the crisis of the euro are proof that the European Union is not united, the business paper Diário Económico writes: » more


Svenska Dagbladet - Sweden | Thursday, 29. April 2010

Europe's help is vital

The Greek crisis is no playground for the short-sighted election interests of Germany's ruling coalition, writes the daily Svenska Dagbladet, stressing that time is running out: » more


Hospodářské noviny - Czech Republic | Thursday, 29. April 2010

Panic on financial markets threatens all of Europe

The cost of bailing out Greece is rising by the hour, writes the business daily Hospodářské noviny, warning that the situation in the Eurozone could escalate like wildfire: » more


Ta Nea - Greece | Thursday, 29. April 2010

Greek mentality could thwart positive effects of help

German Chancellor Angela Merkel's promise to help Greece, although made without naming concrete figures, could become a problem for the Greeks, writes the left-liberal daily Ta Nea: » more


Frankfurter Allgemeine Zeitung - Germany | Thursday, 29. April 2010

Germany's hesitancy based on constitutional law

The German government has still not said how much money it is ready to invest into rescuing Greece. One reason for this is is the eurosceptic attitude of the German Constitutional Court, the conservative daily Frankfurt Allgemeine Zeitung writes, defending the government from accusations of dithering: » more


Libération - France | Wednesday, 28. April 2010

EU has plunged Greece into crisis

A new stage has been reached in Greek's financial crisis. The country needs 8.5 billion euros for a bond due May 19. But the EU is also to blame for Greece's misery, writes the liberal daily Libération: » more


Correio da Manhã - Portugal | Tuesday, 27. April 2010

Merkel's dithering endangers weak Eurozone countries

German Chancellor Angela Merkel's hesitancy regarding help for Greece is only aggravating the situation of the Eurozone and its weakest members, writes the daily Correio da Manhã: » more


La Repubblica - Italy | Tuesday, 27. April 2010

Germans will pay high price for delaying tactics

The German government is demanding that tough conditions be set for providing EU aid to Greece. But these are just delaying tactics on the part of German Chancellor Angela Merkel ahead of the North Rhine-Westphalia state election to be held on May 9, writes the left-liberal daily La Repubblica: » more


Frankfurter Rundschau - Germany | Tuesday, 27. April 2010

Germany intoxicated with feelings of superiority

The left-liberal daily Frankfurter Rundschau finds German nationalist feelings of superiority in the debate over financial aid for Greece inappropriate and far removed from economic reality: » more


To Vima Online - Greece | Tuesday, 27. April 2010

German criticism hits the mark

Germany's criticism of Greece is most unwelcome in the almost bankrupt state. But the left-liberal Greek daily To Vima sees it as justified: » more


NRC Handelsblad - Netherlands | Tuesday, 27. April 2010

Europe must subsidise Greece

Greece needs a lot more financial support from other Eurozone countries than has so far been planned, writes the daily NRC Handelsblad: » more


Financial Times - United Kingdom | Monday, 26. April 2010

Greece must reform

Greece is requesting up to 45 billion euros in financial help from the EU and the International Monetary Fund to get its budget deficit under control. The Financial Times calls for a series of political reforms: » more


Les Echos - France | Friday, 23. April 2010

Greece endangers Europe

Greece's budget situation is more drastic than previously assumed. According to the EU statistical office Eurostat the Greek budget deficit stood at 13.6 percent of gross domestic product in 2009. Greece could bring calamity upon Europe, writes the business daily Les Echos, bolstering its view with classical mythology: » more


To Vima Online - Greece | Thursday, 22. April 2010

IMF loan urgently needed

In the current economic situation there is no alternative but to ask the International Monetary Fund for financial aid, writes the left-liberal daily To Vima: » more


Süddeutsche Zeitung - Germany | Thursday, 22. April 2010

Extensive rescue package needed

Despite receiving financial aid from the EU and the International Monetary Fund Greece could still go bankrupt if it fails to raise the additional money it needs to discharge its past debts and rein in its budget deficit, writes the left-liberal daily Süddeutsche Zeitung: » more


La Repubblica - Italy | Thursday, 22. April 2010

Athens is aiming for help

Greece is already working on gaining access to a loan, writes the left-liberal daily La Repubblica in view of the talks between the International Monetary Fund, the EU and the government in Athens: » more


Lidové noviny - Czech Republic | Wednesday, 21. April 2010

EU bailout package for Greece absurd

Detailed talks about an EU rescue package for debt-ridden Greece begin today in Athens. According to Axel Weber, president of Germany's central bank, the package could be much more extensive than originally planned, meaning that needy Germans may be left waiting to receive state benefits. The conservative daily Lidové noviny sees this as intolerable: » more


The Irish Times - Ireland | Saturday, 17. April 2010

Paul Gillespie criticises Germany's self-interested Europe policy

Germany's Europe policy is determined by its own economic interests and its population's increasing reluctance to show solidarity with weaker member states, as witnessed with Greece recently, writes Paul Gillespie in the daily The Irish Times: » more


Die Welt - Germany | Thursday, 15. April 2010

Hans-Hermann Nikolei on French concerns about Germany

French elites accuse Germany of turning its back on European solidarity and fixing its gaze on Russia. Hans-Hermann Nikolei explains these concerns in the daily Die Welt: » more


Le Monde - France | Tuesday, 13. April 2010

Jean Bizet on the relations between Germany and France

In view of the crisis in Greece France's elites have accused Germany of acting without sufficient regard for French interests. Jean Bizet, chairman of the Committee for European Affairs in the French Senate, writes in the daily Le Monde that the two countries need not be on par to enjoy a healthy relationship: » more


Berlingske - Denmark | Tuesday, 13. April 2010

Euro still not in the clear

Financial markets breathed a sigh of relief with the announcement of details of the rescue plan for Greece, according to which Athens will be eligible for loans at particularly cheap interest rates. But other countries still pose a risk to the euro, writes the daily Berlingske Tidende: » more


Mladá fronta dnes - Czech Republic | Monday, 12. April 2010

Greek rescue plan a step into the void

The countries of the Eurozone have reached an agreement over the plan for helping Greece overcome its financial crisis according to which in the event of insolvency Athens could obtain up to 30 billion euros at low interest rates. The liberal daily Mladá fronta Dnes is sceptical: » more


El País - Spain | Friday, 9. April 2010

Ulrich Beck on Angela Merkel's power strategy

German Chancellor Angela Merkel is using the crisis to exploit her power in Europe, sociologist Ulrich Beck concludes in the left-liberal daily El País: » more


Les Echos - France | Friday, 9. April 2010

Greece endangers the future of the EU

Stock prices fell on European markets on Thursday under pressure from the Greek crisis. Greece is having to pay ever higher interest rates on new debt. The governments of Europe must act swiftly, writes the business paper Les Echos: » more


Die Tageszeitung taz - Germany | Thursday, 8. April 2010

Christian Semler on the German image of the lazy Greeks

Within just a few months the Greeks have sunk to the last place in German popularity polls, writes Christian Semler in amazement in the leftist daily die tageszeitung: » more


To Vima Online - Greece | Wednesday, 7. April 2010

Market speculations unsettle Greece

New speculations on the financial state of Greece put the euro under considerable pressure on Tuesday. This demonstrates the irrationality of the market, writes the left-liberal daily To Vima: » more


Les Echos - France | Tuesday, 30. March 2010

Greek bond combats debt crisis

Greece sucessfully launched and found sufficient buyers for a seven-year state bond valued at five billion euros on Monday. But that's not enough to fight the crisis, writes the business paper Les Echos: » more


La Stampa - Italy | Friday, 26. March 2010

Monetary union at risk

The involvement of the International Monetary Fund (IMF) in the rescue package, which Germany in particular had pushed for, endangers the single currency, writes the liberal daily La Stampa: » more


Politiken - Denmark | Friday, 26. March 2010

Eurozone countries send a clear signal

With the possible grant of loans and the involvement of the International Monetary Fund (IMF) the Eurozone countries are closing ranks in the battle against the Greek crisis, writes daily Politiken approvingly: » more


Die Presse - Austria | Thursday, 25. March 2010

EU must be more flexible

The time has come to restructure the European Union, writes the daily Die Presse, arguing that both loans and sanction options are needed: » more


La Repubblica - Italy | Wednesday, 24. March 2010

Germany delays help for the Greeks

A possible solution to the dispute over EU financial aid for Greece involving a loan from the International Monetary Fund has emerged. But because of German Chancellor Angela Merkel the timing of its official announcement remains uncertain, writes the left-liberal daily La Repubblica: » more


Dziennik Gazeta Prawna - Poland | Tuesday, 23. March 2010

Merkel jeopardises European integration

Two days before the meeting of Europe's heads of government in Brussels the German chancellor is still resisting pressure from other countries to help Greece out with loans. The daily Dziennik Gazeta Prawna fulminates against Angela Merkel, saying she is endangering European integration: » more


Ta Nea - Greece | Saturday, 20. March 2010

Greeks should boycott German goods

Berlin has been hesitant on the issue of a financial package for Greece and Chancellor Angela Merkel has suggested it should be possible to exclude offending countries from the Eurozone. The Greeks should not take such a show of contempt sitting down, writes the left-liberal daily Ta Nea: » more


Hospodářské noviny - Czech Republic | Friday, 19. March 2010

Athens should leave the Eurozone

While many have criticised German Chancellor Angela Merkel for suggesting that unreliable countries could be excluded from the Eurozone, not so the business paper Hospodářské noviny: » more


Delo - Slovenia | Friday, 19. March 2010

The Eurozone must rescue Greece

Greek Prime Minister George Papandreou has demanded a quick decision on financial aid from the European heads of state and government, indicating he will not hesitate to turn to the International Monetary Fund if need be. The daily Delo writes that the countries of the Eurozone should rescue Greece: » more


Frankfurter Allgemeine Zeitung - Germany | Thursday, 18. March 2010

Chancellor's ill-considered threat against Greece

German Chancellor Angela Merkel is encountering resistance from all sides to her proposal for excluding member states from the Eurozone, the conservative Frankfurter Allgemeine Zeitung notes: » more


Eleftherotypia - Greece | Wednesday, 17. March 2010

Betrayal of the European idea

With Germany's negative stance on financial aid for Greece Chancellor Angel Merkel really takes the biscuit for uncooperativeness, the left-liberal daily Eleftherotypia writes: » more


Világgazdaság - Hungary | Thursday, 18. March 2010

The problems of the daring euro

The euro's current struggles cannot be attributed solely to Greece's problems, writes Harold James, history professor at Princeton University, in an article published in business paper Világgazdaság: » more


Corriere della Sera - Italy | Thursday, 18. March 2010

Germany must continue in key role for EU

The calls of German Chancellor Angela Merkel for the option to exclude countries that refuse to reform and exceed deficit limits from the Eurozone are the wrong words at the wrong time, according to conservative daily Corriere della Sera: » more


Kathimerini - Greece | Tuesday, 16. March 2010

China can help the Greeks

The EU has been hesitating for too long over whether to offer concrete help to Greece, writes the conservative daily Kathimerini: » more


Diário de Notícias - Portugal | Wednesday, 17. March 2010

Lisbon economises better than Athens

In contrast to Greece's austerity programme that of Portugal has met with applause in Brussels. The daily Diário de Notícias takes a look at why: » more


Delo - Slovenia | Wednesday, 17. March 2010

Euroclub gets it together

The finance ministers of the Eurozone have at least reached agreement on the fundamentals of an emergency plan for Greece, the daily Delo notes approvingly: » more


Hospodárske noviny - Slovakia | Tuesday, 16. March 2010

Eurozone could discipline states

The 16 states of the Eurozone agreed on Monday in Brussels on an emergency plan to help Greece. If Athens is faced with bankruptcy they will step in with loans. The business paper Hospodářské Noviny points out that for some time now instruments for disciplining euro countries have been available: » more


Süddeutsche Zeitung - Germany | Tuesday, 16. March 2010

Berlin must dissuade Athens from arms purchases

According to a report by the Swedish peace research institute Sipri, Germany is the third-largest arms exporter in the world after the US and Russia. But it is not fitting that Greece and Turkey should be among their best customers, writes the left-liberal Süddeutsche Zeitung: » more


Iltalehti - Finland | Monday, 15. March 2010

EU lacks a motor

Following the informal meeting of EU foreign ministers in the Finnish city of Saariselkä on the weekend the EU looks more like a loose alliance of states than a true community, the tabloid Iltalehti concludes: » more


Bild - Germany | Friday, 12. March 2010

General strike jeopardises Greece's future

For the second time in fifteen days the Greeks have brought their country to a standstill with a general strike. And on Thursday there were violent clashes between the police and demonstrators. Yet the government should not be deterred from its chosen course, the German tabloid Bild writes: » more


Neue Zürcher Zeitung - Switzerland | Thursday, 11. March 2010

Greek virus threatens Bulgarian banks

Rating agency Fitch has announced it may lower Bulgaria's credit rating to "junk" because of the country's great dependence on Greek banks. The Neue Zürcher Zeitung sees the response this news elicited from the Bulgarian government on Tuesday as very risky: » more


Népszabadság - Hungary | Thursday, 11. March 2010

Euro hinders states from overcoming the crisis

Economist Annamária Artner explains in the left-liberal daily Népszabadság the economic shortcomings of the Eurozone: » more


Avgi - Greece | Wednesday, 10. March 2010

Kaki Balli on insatiable speculators

Roughly three years after the US real estate crisis that sparked the global financial crisis speculators remain largely unchallenged, writes Kaki Balli in the left-leaning daily Avgi: » more


Expansión - Spain | Wednesday, 10. March 2010

Greek plight paves way for EMF

The Greek debt crisis could be a chance for Europe, writes business paper Expansión: » more


Corriere della Sera - Italy | Wednesday, 10. March 2010

Papandreou wins Obama's respect

The Greek government expects the subject of measures against speculative deals to be dealt with at the next meeting of the G20 states, as Prime Minister George Papandreou explained on Tuesday in Washington following a meeting with US President Barack Obama. The liberal-conservative daily Corriere della Sera stresses that the prime minister did not cast himself in the role of petitioner when he explained his country's financial crisis: » more


Novinar - Bulgaria | Monday, 8. March 2010

Cheap holidays with gyros and strikes

The crisis in Greece has drastically reduced the price of holidays in the country. This could be a big opportunity for tourism, but strikes could spoil the experience for tourists, writes the daily Novinar: » more


Der Standard - Austria | Monday, 8. March 2010

Iceland's path into the EU should remain free

The Icelanders' "No" to compensating British and Dutch investors should not be allowed to block the country's path to EU accession, writes the liberal daily Der Standard: » more

 

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Further articles on the subject » Fiscal Policy, » International Relations, » EU Policy, » Economic Policy, » Greece, » Europe
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