Greece Archive

  • How the euro protects its members

    Previous blogposts (here and here) have written approvingly of the trend to include more foreign-produced value added in a country’s exports.  What this means is that the components and parts in a finished product (which includes contributions to a product’s value such as design and […]

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  • Greece is not integrated enough

    A previous post on this blog looked at international trade from the perspective of value added rather than gross exports, that is to say, what proportion of a country’s exports have previously been imported from somewhere else.  We found that the trade in components and […]

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  • Overwhelming

    This blog has described before the difficulties associated with Greek departure from the eurozone. It would reduce the Greeks to a cash or even barter economy for a while, and destroy many people’s savings and investments. However, given that the latest news from Greece – […]

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  • A special case

    A second bailout loan for Greece has been agreed at a European summit, to stave off imminent bankruptcy for the government with all that implies.  No-one knows for sure what is implied by bankruptcy, but it can’t be good, which is why an agreement, with […]

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  • Greek default position

    Letter in the Daily Telegraph SIR – Peter Oborne calls for Greece to be “allowed to default and devalue” (Comment, February 16). It does not need to be allowed: it is already free to do so. It would mean turning its back on economic integration […]

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  • Whatever it takes?

    Germany, we were told, would do whatever it takes to save the euro.  Such a clear, unequivocal commitment should serve to reassure the markets and convince the public that the European Union would be put back on the right road. However, such a commitment cannot […]

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  • The agony of Greece

    The word agony comes from the Greek agōnia, meaning struggle, and struggle there certainly is.  Can the Greek government implement the changes deemed necessary by the other EU governments in order for them to continue lending money to keep the Greek state afloat?  Can the […]

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  • Federal Union review of 2011

    Last year was dominated by the crisis in the eurozone.  It dominated the debate about the future of European integration, obviously, but has also turned out to be a major influence both in the UK and around the world. Taking Europe first, it is absurd […]

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  • Is Germany doing enough to save the euro?

    Debate at King’s College London, on 12 December 2011, on the subject of “Germany has not taken enough proactive steps to solve the eurozone crisis, despite being at the top table of European politics and its economic standing.”  Richard Laming was asked to speak against […]

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  • What went wrong with the euro?

    Peter Oborne’s campaign against the pro-Europeans took another step yesterday with his online debate with David Aaronovitch.  The latter was one of the targets in his recent book “The guilty men”, and the Centre for Policy Studies hosted an exchange of views between them on […]

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