Economics and International Affairs Blog: Greek Crisis

The Politics of Debt Relief

http://www.nytimes.com/2015/07/24/world/europe/personalities-clashing-over-how-to-handle-new-greek-bailout.html

http://www.newyorker.com/business/currency/why-europe-needs-to-offer-greece-debt-relief

European Perspectives on the Eurozone Crisis

An illuminating piece from Neil Irwin:

http://www.nytimes.com/2015/07/21/upshot/finland-shows-why-many-europeans-think-americans-are-wrong-about-the-euro.html

Finnish Finance Minister’s great quote –

“As to whether the ability to devalue its currency would help deal with the current economic downturn, Mr. Stubb is similarly skeptical. “Devaluation is a little like doping in sports,” he said. “It gives you perhaps a short-term boost, but in the long run, it’s not beneficial. Just like anyone else, we need structural reform, structural adjustment; we need to increase our competitiveness, and a little bit of luck.””

http://www.washingtonpost.com/blogs/monkey-cage/wp/2015/07/21/this-is-what-economists-dont-understand-about-the-euro-crisis-or-the-u-s-dollar/

Greg Mankiw on the Greek Crisis

http://www.nytimes.com/2015/07/19/business/history-echoes-through-greek-debt-crisis.html

Jeffrey Frankel on Tsipras

http://www.project-syndicate.org/commentary/kim-dae-jung-lula-da-tsipras-by-jeffrey-frankel-2015-07

Greece and the Eurozone

http://www.economist.com/news/leaders/21657806-deal-between-greece-and-europe-averts-one-disaster-and-hastens-next-pain-without-end

An interesting piece on Greece’s capitulation to creditor demands:

http://www.newyorker.com/news/john-cassidy/greeces-surrender-a-return-to-1919-or-to-1905

SPIEGEL Interview with Wolfgang Schäuble

http://www.spiegel.de/international/germany/interview-with-german-finance-minister-wolfgang-schaeuble-a-1044233.html