Euro

Germany’s Greek stance keeps everyone guessing

There is only one thing that unites all German politicians: They do not want to take the blame for whatever happens next. If Greece drops out of the eurozone, that will be fine -- as long as it is clear that it was all Greece’s fault and had nothing to do with Germany. [...]

No good choices left in Greek crisis

If Europe's political elites had allowed the Greek crisis to run its course in 2010, Greece would be recovering by now. Instead they have made such a mess of it that this tiny country will continue to haunt international meetings for a long time to come. [...]

After the crisis is before the crisis

Crunch time or not, the Greek crisis will remain with us for much longer. There is no way it will be resolved once and for all this week. It has been promised to us too often over the past five years. [...]

Greece’s madmen at work

Hardly a day passes that a Greek government official does not add a needless provocation to the bailout debate. Which brings me back to my opening question: Is this just madness? Or is there method in it? [...]

‘Constructive ambiguity’ will not save Europe

Europe is well past the stage at which it needs constructive ambiguity. It needs actions. It needs decisions. And it needs them now, not in four months’ time. Please, can we finally see the last act in this Greek drama? [...]

The political rookies gambling with Greece’s future

Tsipras and Varoufakis may not realise it but their gamble with Europe has the potential of backfiring on them and their country. Their actions could even make even the most plausible alternative scenarios to staying within the eurozone look unappealing. [...]

When German order met Greek disorder

For Varoufakis and Schäuble, there really is little hope of finding any common ground. They are personally too different to bridge the gap between their upbringings and beliefs. If they do not even agree to disagree, that is probably the best anyone can hope for. Indeed, had they agreed to disagree, it is only likely they would have misunderstood each other. [...]