Former Greek Finance Minister Yanis Varoufakis denounced the July bailout agreed between prime minister Alexis Tsipras and the eurozone leaders as a “new Versailles Treaty”. Quincy Cloet asks if this is a fair comparison.
Greece's creditors claim that they are acting on a mandate from the EU's citizens by refusing to be flexible. But public opinion in the union is not so hostile argue Michael Bechtel, Kirk Bansak, Jens Hainmueller and Yotam Margalit.
The view that Greece has not achieved sufficient fiscal consolidation is not just false; it is patently absurd. Clearly, creditors’ demand for more austerity has nothing to do with concerns about genuine reform or moving Greece onto a sustainable fiscal path, writes Yanis Varoufakis.
The EU's response to the Greek debt crisis will set the bloc's political direction for years to come. If we continue to choke the debtor, we risk drowning all of Europe, argue Ernest Maragall and Jordi Angusto.
By forcing Syriza into a spot from which it must undertake a humiliating climb down to avoid disaster, the Eurogroup took its brinkmanship to a new level,writes Stratfor, the Texas-based global intelligence company.
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