You may have noticed that I have refrained from using the title ‘Greek Crisis’. This is not because Greece is not in crisis. Rather, it is because I have maintained for many years now that Greece is caught up in a crisis of Europe’s overall design. Greece imploded because it was entangled in a European design that could not survive the aftershocks of the Crash of 2008. As long as Europe is in denial of this, Greece will continue to implode. Below you will find a list of posts that appeared on this site at regular interviews offering a grim dairy of Greece’s implosion. Before that list, I have selected some highlights for readers who want to sample a few of the main posts.
HIGHLIGHTS OF ‘GREEK IMPLOSION’ POSTS
- 23 NOV 2010 – Greek austerity and its discontents Click here for my BBC News article
- 19 MAY 2011 – Ring-fenced Greece: The evolution of a false promise first to an incredible threat and, then, to a dangerous delusion
- 30 JUN 2011 – When French Folly and German Naiveté unite against Greek debt: Another sorry episode of how not to deal with a systemic crisis
- 5 FEB 2012 – Is Greece still viable? (Is Europe?): article commissioned by Deutsche Welle.de
- 18 FEB 2012 – Greek default does NOT equal Greek exit
- 16 MAY 2012 – Weisbrot and Krugman are Wrong: Greece cannot pull off an Argentina
- 18 JUL 2012 – Bankruptocracy in the Greek Sector of Bailoutistan: The aftermath of the Reuters Report on Piraeus Bank
- 12 NOV 2012 – Hanging in quiet desperation is (becoming) the Greek way
- 22 MAY 2013 – Greek Success Story: The latest Orwellian Turn of the Greek Crisis
- 20 SEP 2013 – Nazi Murders – and what to do about them (radio interview plus a short article)
- 7 OCT 2013 – Johnny (Paulson) Got His Gun (and is aiming at some grim, Greek pickings
- 15 NOV 2013 – Being Greek and an Economist while Greece Burns: An intimate account – MGSA 2013 Keynote
ALL THE POSTS
- 23 NOV 2010 – Greek austerity and its discontents Click here for my BBC News article
- 24 JAN 2011 – Why the musings of a Greek debt buy-back deserve to be treated with contempt
- 26 JAN 2011 – That morning after feeling again (when the buy-back scheme proves ever so unattractive in the day’s unforgiving light)
- 17 APR 2011 – And what about Greece? Is the Greek crisis quite separate from that of the rest of the eurozone? A meltdown of our own making? Continuing the debate with Jerry Goldstein
- 21 APR 2011 – On the 1st anniversary of the Greek ‘bailout’: Why it was never internded as a bailout for Greece. The writing was on the wall… (Extracts from an interview with BBC Radio 4)
- 26 APR 2011 – Greek debt restructuring and the reason Germany’s banks are delaying it
- 6 MAY 2011 – On the true agenda behind Der Spiegel’s story that Greece is thinking of exiting the euro
- 9 MAY 2011 – We are all Greek now! The Friday comico-tragic meeting (that was thrice denied before it was confirmed) in Luxemburg was a first, tentative move to an eye-glaring reality: We are all in it together folks. Whether we like or not (and many certainly do not), we sink or float in unison. Presently, we are sinking. That was the main, helpful, message of an otherwise inaccurate Der Spiegel piece.
- 14 MAY 2011 – Clutching at straws: Europe’s never-ending delusion feeds on Greece’s unexpected ‘growth’ – of 0.8% in one quarter
- 19 MAY 2011 – Ring-fenced Greece: The evolution of a false promise first to an incredible threat and, then, to a dangerous delusion
- 30 MAY 2011 – When push comes to shove? Exposing the incredible threat of Greece’s forced exit from the eurozone
- 31 MAY 2011 – Greece, Europe and the Global Economy: A debate with readers
- 6 JUN 2011 – Open letter to Mr George Papandreou, the Greek Prime Minister
- 30 JUN 2011 – When French Folly and German Naiveté unite against Greek debt: Another sorry episode of how not to deal with a systemic crisis
- 6 JUL 2011 – How much for your children? Discussing the Greek crisis on the Keiser Report
- 22 JUL 2011 – Europe’s Faustian Bargain: The agreement that opened the road to Greece’s debt restructure
- 25 JUL 2011 – Greece cannot be rescued unless the eurozone is redesigned: Interviewed on ABC LATELINE
- 11 SEP 2011 – Is Greece finished? In one sense Greece was finished the moment the Great Recession cut its growth rate (in the second quarter of 2009) from among the highest in Europe to almost zero.
- 12 SEP 2011 – Greece’s desperate new tax grab: Akin to carpetbombing the economy in order to save it
- 12 SEP 2011 – Guest Post: Jerry Goldstein is sure of a Greek default, cannot see the eurozone breaking up but can see no way out of the mire either
- 8 SEP 2011 – Two interviews (Dutch tv & CBC Radio): The gruesome Greek sideshow continues while the main game is played out off camera
- 11 OCT 2011 – The Wicked Game How Greece is being beaten into a pulp to force Europe’s banks to accept capital while keeping Italy et al in awe.
- 20 OCT 2011 – The Snowflake That Started an Avalanche: Three recent interviews (BBC, with Sweden’s Jens Moller and with Green Amsterdam)
- 29 OCT 2011 – CDS buyers, Greek debt restructuring, feminists and Marx: Odd bedfellows in the era of the euro crisis
- 13 DEC 2011 – No plan for either Europe or Greece: Guest post by Jerry Goldstein
- 18 DEC 2011 – The race to lend Greece: A short story by Klaus Kastner In this remarkable short story, Klaus Kastner (Kleingut) offers a fictionalised account of how Europe’s banks channelled billions to their Greek counter parties.
- 11 JAN 2012 – Greece’s PSI is Dead on Arrival: An error in search of a rationale but also a failure that may prove a harbinger for the Modest Proposal
- 5 FEB 2012 – Is Greece still viable? (Is Europe?): article commissioned by Deutsche Welle.de
- 10 FEB 2012 – On ABC Radio National – discussing Greece
- 11 FEB 2012 – Plaster on a festering wound; on RT talking about the new Greek Bailout
- 11 FEB 2012 – Greece and the Rape by the Rentiers, by Marshall Auerback
- 14 FEB 2012 – On Bloomberg, arguing that the Greece’s Bailout Mk2 is unsustainable
- 18 FEB 2012 – Greek default does NOT equal Greek exit
- 22 FEB 2012 – Crisis Appeasement: The new Greek Bailout as a ‘Euro in Our Time’ moment
- 24 FEB 2012 – Winston Churchill on Greece’s Bailout Mark 2 (almost)
- 28 FEB 2012 – On the Political Economy of Europe’s Bailouts: The curious bargain of Greece’s Libertarians
- 12 MAR 2012 – What was it all for? The latest Greek Bailout-PSI in the Morning After’s cold light
- 14 MAY 2012 – On ABC Radio National, PM program: ‘Stupendously idiotic’ policies for Greece can’t work.
- 15 MAY 2012 – Debating ‘Grexit’ on France24 tv
- 16 MAY 2012 – Weisbrot and Krugman are Wrong: Greece cannot pull off an Argentina
- 19 MAY 2012 – Discussing Grexit in Washington Post, Huffington Post and ABC Radio
- 31 MAY 2012 – Interviewed by FXstreet.com on Grexit…
- 6 JUN 2012 – Discussing SYRIZA with Die Zeit
- 15 JUNE 2012 – Greece’s Choice: Bargaining versus pleading (a piece to appear in the Huffington Post)
- 18 JUN 2012 – Greek Election Result: An assessment
- 24 JUN 2012 – And the Good Ship Greece Sails On: ‘Letter’ to an italian colleague
- 27 JUN 2012 – Open letter to a good friend and colleague (who happened to become Greece’s Finance Minister yesterday…)
- 18 JUL 2012 – Bankruptocracy in the Greek Sector of Bailoutistan: The aftermath of the Reuters Report on Piraeus Bank
- 22 JUL 2012 – What the EIB makes the ECB unmakes: The latest from the Greek front
- 28 JUL 2012 – 23 crucial days for Greece
- 22 AUG 2012 – An extension to Greece’s ‘Program’ will simply prolong Greece’s Great Depression: On RT TV News today
- 16 SEP 2012 – Update on the Crisis in Greece: A chat with Max Keiser
- 14 OCT 2012 – On the prospects of the Greek fiscal consolidation program: interviewed by (Austrian magazine) Format
- 2 NOV 2012 – A small victory for press freedom in Greece’s struggle against its cleptocracy
- 5 NOV 2012 – An emergency program for Greece
- 9 NOV 2012 – Which Second Haircut for Greece? By Kunibert Raffer
- 12 NOV 2012 – Hanging in quiet desperation is (becoming) the Greek way
- 13 NOV 2012 – Dial Greece for Swindle: How disunity within the troika is straining their denial of Greece’s bankruptcy
- 13 NOV 2012 – Greece Debt Crisis Continues to Unravel, Offers Strong Lessons for the US: Radio interview
- 13 NOV 2012 – On BBC Radio 4′s ‘Today’, discussing Greece’s latest descent into the abyss
- 10 DEC 2012 – On the sad algebra of the Greek Debt Buyback
- 12 DEC 2012 – Greek Debt Buyback – another sad verdict, surrounded by much merriment
- 13 DEC 2012 – Greek tv interview on the Crisis in Retrospect (only available in Greek)
- 15 JAN 2013 – The Eurozone and Greece: Is the Crisis over? Replies to a Chilean journalist
- 15 JAN 2013 – Greek unemployment: Interviewed by John Doyle, ABC Radio National
- 27 JAN 2013 – Some of us always said it: Grexit was an incredible threat
- 4 MAR 2013 – On the social conditions in Greece, now
- 19 APR 2013 – Greek Banksters in Action: On the latest twist in the story of mafia-style terror spreading through the Greek polity
- 22 MAY 2013 – Greek Success Story: The latest Orwellian Turn of the Greek Crisis
- 11 JUN 2013 – ERT (Greek state tv-radio) is dead: A blacklisted person’s lament
- 12 JUN 2013 – A night at occupied ERT. A night to remember. A night that friends at the BBC, ABC, CBC ought to note
- 14 JUN 2013 – Why am I defending a public broadcaster (ERT) that banned me, and which I always considered problematic?
- 15 JUN 2013 – James Galbraith on ERT, the Fight for Greek Democracy and the Euro Crisis
- 21 JUN 2013 – Olli Rehn: “I love Greece but…”
- 24 JUN 2013 – The United States and Europe have nothing to fear from a Syriza government: Our op-ed in the NYT
- 24 JUL 2013 – Can Greece get out of the Eurozone now? Should it? Comments on Munchau and Sinn
- 10 AUG 2013 – “The Kosovisation of Greece”, by Ambrose Evans-Pritchard, THE TELEGRAPH
- 2 SEP 2013 – Was Chancellor Merkel right (about Greece)?
- 20 SEP 2013 – Nazi Murders – and what to do about them (radio interview plus a short article)
- 7 OCT 2013 – Johnny (Paulson) Got His Gun (and is aiming at some grim, Greek pickings)
- 15 NOV 2013 – Being Greek and an Economist while Greece Burns: An intimate account – MGSA 2013 Keynote
- 3 DEC 2013 – What Europeans should know about the current situation in Greece – Interviewed by Edward Geelhoed
- 10 JAN 2014 – Greek Finance Minister Confesses: “I turned down the IMF’s offer of an alliance in favour of a debt restructure”
- 1 MAR 2014 – What you should know about Greece’s current state – an update
- 10 MAR 2014 – If Scotland, why not Greece?
- 11 MAR 2014 – Of Masks and Shadows: The curious case of actors arrested on stage in Athens’ theater of the absurd
- 12 MAR 2014 – Lessons from the Greek PS
- 1 APR 2014 – Europe’s latest policy on Irish and Greek banking losses: A tale of two swindles too similar for comfort
- 9 APR 2014 – The Grand Greek Paradox: Bankrupt but embraced by the money markets – On the BBC World Service
- 14 APR 2014 – Greece’s Grand Decoupling, the Nuclear Option and an Alternative Strategy: A comment on Münchau
- 15 APR 2014 – More on the Grand Greek De-coupling – Interviewed on RT tv
- 24 APR 2014 – Greek statistics are back: Primary deficit presented as surplus, with Eurostat’s seal of approval
- 10 MAY 2014 – Invigorated Joblessness and a Government Deficit despite growing arrears: Greece’s Non-Recovery continues
- 11 MAY 2014 – How the Greek Banks Secured an Additional, Hidden €41 billion Bailout from European taxpayers
- 10 OCT 2014 – Can Greece stand on its own feet? Interview with ADN Kronos
- 17 OCT 2014 – Has the Greece Success Story bubble burst? Interview with Deutsche Wirtschafts Nachrichten
- 17 OCT 2014 – Has the Greece Success Story bubble burst? Interview with Deutsche Wirtschafts Nachrichten
- 17 OCT 2014 – Greek bonds and shares: What does their decline mean for Europe? – Interview with Jorge Nascimento Rodrigues for EXPRESSO
- 20 OCT 2014 – Greece’s Finance Minister: The revolving doors’ syndrome on steroids
- 3 DEC 2014 – A Program for Greece? A response to Christian Odendahl
- 7 DEC 2014 – Burst Greek Bubbles, Spooked Fund Managers: A cause for restrained celebration