When Angela Merkel visited Athens earlier this year, local protesters upset about austerity measures and alleged German dominance depicted her on placards wearing a Nazi uniform. Cypriots demonstrating against the terms of their country's bailout showed the stars of the EU surrounding a swastika.
Massacre memories: German car sales and the EZ Crisis in Greece
Vasiliki Fouka, Hans-Joachim Voth, 23 October 2013
Messing up the next Greek debt relief could endanger the Eurozone
Charles Wyplosz, 23 September 2013
The situation in Greece is so disastrous that some form of debt relief is likely. The timing is right as Germany’s electoral ‘purdah’ period has ended.
The logic and fairness of Greece’s programme
Olivier Blanchard, 23 March 2012
To get back to health, Greece needs two things. First, a lower debt burden. Second, improved economic competitiveness. The new programme addresses both.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Adelman, 28 October 2013
Holmes, McGrattan, Prescott
Beck, De Haas, Ongena