Tsipras’ win is Merkel’s failure
The biggest loser in Greece’s snap election was not even on the ballot paper.
The biggest loser in Greece’s snap election was not even on the ballot paper.
The most important question of what the Greek election result will mean for the euro crisis has not been answered satisfactorily.
Should the 25 January elections result in a Syriza-led government, we will find out whether the Germans can actually succeed in kicking Greece out of the euro and also whether …
At the risk of sounding like a broken record, the eurozone is an unworkable construction which will condemn its members to repeated crises like the one first experienced in Greece.
In late 2009, Greece started the eurozone crisis.
In that faraway wonderland that it is the eurozone, nothing is quite what it seems.
As government debt in the European periphery becomes a riskier investment, the yields on periphery government yields are not going up as one might expect.
World War I cannot and should not be used as a justification for a European integration agenda that is visibly failing.
By announcing the next Greek package before the election, Schäuble is manoeuvring Germany into his much preferred position of actively supporting closer European integration.
For as long as Greece remains trapped in a cycle of troika consultations, it will not escape its predicament of economic decline.
© Dr Oliver Hartwich