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Early elections in Greece
Article | April 11, 2012 - 3:17pm

At 5 pm today (11 April), the Greek Prime Minister, Loukas Papademos, is expected to meet the country's President, Karolos Papoulias, and ask him to dissolve the Parliament and proclaim a general election for 6 May.

At 5 pm today (11 April), the Greek Prime Minister, Loukas Papademos, is expected to meet the country's President, Karolos Papoulias, and ask him to dissolve the Parliament and proclaim a general election for 6 May.

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Eurozone: Time to help Greece on its way out?
Article | April 9, 2012 - 1:43pm

It seems that a general election is the worst enemy for any country’s economic rehabilitation programme, like the one Greece is applying now, on instructions from the European Union and the International Monetary Fund (this is the famous Memorandum of Understanding between Athens and the troika of EU-ECB-IMF).

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Warning to Greece ahead of elections [ANALYSIS]
Article | April 3, 2012 - 3:18pm

Peter Bofinger, the well known German economist, said this week that he expects Greece to undergo a new rearrangement of its sovereign debt not later that this summer.

Peter Bofinger, the well known German economist and prominent member of the prestigious Council of Economic  Experts, which advises the Berlin government and Parliament on economic policy issues, said this week that he expects Greece to undergo a new rearrangement of its sovereign debt not later that this summer.

It was a rather awkward statement by someone who is well aware, if not deeply implicated in planning the current rearrangement of the Greek debt, which is still in progress on its foreign law bonds segment.

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Do Eurozone banks run the place?
Blog entry | April 1, 2012 - 8:41pm

There is a lot of talk going on over the exemption of the European Central Bank's and some national  Eurozone central banks' holdings of Greek bonds from the 53.5% 'haircut' inflicted on all private (bank) holders of such debt paper, under the Private Sector Involvement (PSI) operation to alleviate Athens from a good part of its debts. It must be noted that these central banking institutions purchased the Greek bonds they still hold, not from the issuer but in the secondary market during the past months. 

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