The Argentine model for Greece
Greece is heading into uncharted waters for an EU country: It’s nearing a default, a possible currency crisis, the collapse of the banking system and exclusion from international markets. What awaits...
View ArticleEurope’s 4 Greek Plan B’s
On Greece, Plan B is “rapidly becoming Plan A,” Finnish Finance Minister Alexander Stubb said before Saturday’s Eurogroup emergency summit, which deepened the breach between Athens and its European...
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Europe shrugs its shoulders
Reactions to Greece’s pending referendum over its euro membership ranged from dismay to calm Monday, as EU officials implored Greeks to reaffirm their commitment to Europe and national leaders led by...
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A Dutchman’s silver lining
When German Finance Minister Wolfgang Schäuble said Saturday in response to the breakdown of Greek bailout negotiations, “Often after times of crisis, you come out ahead,” he was referring to the...
View ArticleGlimmer of hope at Greek summit
Athens and eurozone leaders appeared to have found a possible way forward in their attempts to keep Greece in the eurozone at a summit Tuesday, the first positive signal in weeks of deadlock. Diplomats...
View ArticleEurope gives Greece final ultimatum
European leaders gave Greece until the end of the week to propose an acceptable rescue plan, warning that the alternative was a “black scenario” of bankruptcy, the collapse of its financial system and...
View ArticleParliament may ban no-show lobbyists
The European Parliament is considering barring lobbyists from several multinational corporations whose executives have refused to appear before a special committee investigating EU tax shelters,...
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Don’t write this Greek off
Greece’s new finance minister, Euclid Tsakalotos, faces the challenge of his professional life as he tries to keep his country in the eurozone, but he may be hampered by his “humble” and “socially...
View ArticleCautious optimism grows for Greek deal
Eurogroup finance ministers huddled to decide Greece’s future once again Saturday amid mixed signals about the likelihood of a third bailout package for Athens. One EU diplomat suggested hope for a...
View ArticleThe trust gap on Greece
As another week of dueling reform proposals, recriminations and hours of discussions on Greece’s future draws to a close with no resolution in sight, hope for an 11th-hour deal hinges less on substance...
View ArticleDijsselbloem secures second term
Eurogroup President Jeroen Dijsselbloem won a second term Monday as head of the group of 19 eurozone finance ministers, capping three days of marathon negotiations on a bailout package for Greece. The...
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The all-nighter that kept Greece in euro
It was just after a dinner of roast chicken and limoncello sorbet on Sunday night when talks between Greek Prime Minister Alexis Tsipras and the eurozone’s 18 other leaders got ugly. The gathering on...
View ArticleSchäuble undermines Greek deal
German Finance Minister Wolfgang Schäuble cast doubt Tuesday on Europe’s latest rescue plan for Greece, claiming that many Germans would still prefer a ‘Grexit.’ Schäuble’s extraordinary comments...
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Greece to get €7 billion EU bridge loan
The European Union will lend €7 billion to Greece so that it can cover critical debt repayments in coming weeks, Commission Vice President Valdis Dombrovskis announced Wednesday in Brussels. Before a...
View ArticleGreek bailout clears first step
Greece’s parliament gave its overwhelming support early Thursday for a third bailout with tough conditions, despite a revolt by Prime Minister Alexis Tsipras’ leftist allies, and the deal began...
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‘Déjà vu’ as Bundestag backs Greek bailout
German lawmakers voted overwhelmingly in favor of a new Greek rescue package Friday after Chancellor Angela Merkel warned of “chaos” if the Greek economy went to the dogs. The chancellor and her...
View ArticleMoney matters: a Capital Markets Union primer
Europe is good at having money. It’s bad at moving that money across its 28 member states to companies that need capital to grow. Enter the Capital Markets Union, a gallant but complex European...
View ArticleGreek ‘quadriga’ starts bailout talks
The Greek government and its European creditors opened talks on the new bailout agreement Tuesday, with technical staff tackling topics like pension and labor-market reforms ahead of high-level talks...
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Inside the Varoufakis secret working group
They traded information over encrypted email, kept the circle tight and met far away from Greek government buildings. The secret working group convened by former Greek Finance Minister Yanis Varoufakis...
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Tsipras targets politicians’ pockets
ATHENS — As Greece scrambles to secure a €86 billion bailout this week, Prime Minister Alexis Tsipras has turned the focus onto lawmakers themselves, backing legislation to abolish tax breaks for MPs...
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