Jean Pisani-Ferry
Is the Euro Ending or Beginning?
BRUSSELS – When the architects of the euro started drawing up plans for its creation in the late 1980’s, economists warned them that a viabl…
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Greece's tragedy – and Europe's – has entered a new act. Popular upheaval and political stalemate have raised severe doubts about the country's ability to meet its financial commitments, and thus about whether it can remain in the eurozone. As Greeks prepare to go to the polls again, Project Syndicate contributors examine the causes and consequences of their country's meltdown.
The Greek Precipice
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Mohamed A. El-Erian
Who is Responsible for the Greek Tragedy?
SEATTLE – Greece is following the road taken by several other crisis-ridden emerging economies over the past 30 years. Indeed, as I argued e…
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Nouriel Roubini
Greece Must Exit
NEW YORK – The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default o…
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Yannos Papantoniou
Steering Clear of the Euro Precipice
ATHENS – Renewed turbulence in the eurozone bond market underlines the need to reappraise the policies now being pursued in order to overcom…
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Amar Bhidé
Debt Reckoning for Europe
BOSTON – Saving the euro, say the sages of the global economy, requires radical steps.& The OECD recently called for a large European fi…
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Michael Boskin
Whither Europe?
BEIJING – With the likelihood of a contagious sovereign-debt implosion and European bank failures greatly reduced by the Greek debt deal and…
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Daron Acemoglu, Simon Johnson
Captured Europe
WASHINGTON, DC – Europe’s policy elite – the people who call the shots at the national and eurozone level – are in serious trouble. They hav…
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Luigi Zingales
The Greek Tragedy, Act II
CHICAGO – A Greek tragedy is typically composed of three acts. The first sets the scene. It is only with the second that the plot reaches it…
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Daniel Gros
Greece’s Soft Budgets in Hard Times
BRUSSELS – The first de facto default of a country classified as “developed” has now taken place, with private international creditors “volu…
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Jean Pisani-Ferry
Who Lost Greece?
BRUSSELS – The blame game in Europe has not yet begun. An agreement between Greece and its private creditors and public lenders will enable …
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