According to Greek mythology, the noble Iphigenia was sacrificed so that the warships could have a fair wind to Troy. According to eurozone mythology, Greece should become the Iphigenia for the euro to sail ahead. However, this sacrifice would fail to do the trick. Since Greece cannot access capital markets and Greeks have no appetite to leave the eurozone, a…
Greece’s new pledges will take epic battle to implement Greece’s latest fiscal and reform pledges may be enough to convince international lenders weary after years of broken promises to keep Athens hooked to a 130 billion euro lifeline, but the battle to implement it will be epic. Few question the new coalition government’s resolve but many doubt whether the cantankerous…
Daniela Kresch* – O Globo TEL AVIV — O advogado George Pagoulatos, diretor de Planejamento Estratégico do gabinete do premier Lucas Papademos e professor da Universidade de Atenas, não tem ilusões sobre uma solução rápida e fácil para a Grécia. Ele admite que as medidas do governo vão aprofundar a recessão. O GLOBO: O premier Lucas Papademos disse que a…
The biggest public debt restructuring in history is not a world first that makes us proud, despite the enormity of the achievement on a technical and negotiatory level, the massive complexity and difficulty of the task. It represents, as Prime Minister Lucas Papademos said in his statement, a moment of relief, but also a moment to ponder on those who…