Commentary / World Jul 20, 2015
Asia's view of the Greek crisis
by Lee Jong-Wha
Perhaps Greece should look to Asia for proof that, by taking responsibility for its own destiny, a country can emerge stronger from even the most difficult trials.
Business / Economy Jul 1, 2015
Bailout expires; Greece first developed nation to default on IMF loan
Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund, deepening fears over whether it will be able ...
Commentary / World Feb 27, 2015
Greece loses, European Union wins
by Gwynne Dyer
In the first round of the battle for the euro, everybody technically just kicked the can down the road four months by extending the existing bailout arrangements for Greece. But Greece can't win.
Editorials Feb 1, 2015
Greece's new government
The victory of the radical left party Syriza in Greek national elections last week poses challenges to the established political order in that country as well as in Europe.
Commentary / World Jan 30, 2015
Eroding language of austerity
by William Pfaff
After years of trudging through an economic slough of austerity, guarded by German warders, that left southern European states near to despair, the EU can see a ribbon of the light of dawn upon the horizon.
World / Politics Jan 26, 2015
Exit poll: Greece's anti-bailout Syriza party wins election
The anti-bailout Syriza party won a clear victory in austerity-weary Greece's national elections on Sunday, according to projections by state-run TV's exit poll, in a historic first for a radical left-wing party in the country. But it was unclear whether the communist-rooted party, led by ...
Commentary / World Aug 29, 2014
Is Berlin driving Paris to the brink?
by William Pfaff
President François Hollande has instructed his prime minister to form a new government — without those troublemakers who want to stop the economic austerity in Europe, or at least apply some flexibility, before it is too late.
Commentary / World Oct 2, 2013
European voters wise to back austerity
by Anders Aslund
Contrary to what most of the loud media commentary would have us believe, financial "austerity" or fiscal responsibility appears popular. Angela Merkel's success is proof.
Commentary / World Aug 21, 2013
Capitalism is destroying southern European life
by Ed Vulliamy
The popular civilizations of Greece, France, Spain and Portugal appear endangered, because of a pincer movement by tourism and the north's economic doctrines.
Commentary / World Jun 6, 2013
The link between austerity and demoralization
by Robert J. Shiller
High unemployment in Europe, the U.S. and elsewhere is also tragic because of the emotional cost to the jobless of not being part of working society.
Commentary / Japan May 29, 2013
Abenomics vs. bad economics
by Gregory Clark
The good news is that the Japanese economy and stocks are recovering. The bad news is that austerity hawks still view "Abenomics" as a mere flash in the pan.
Editorials May 6, 2013
Austerity under attack
The human cost of the austerity mentality is threatening national political systems and the popular will to embrace reform. EU leaders are beginning to see this.