This is part 3 of a 4 part examination of Greece’s economic situation post-referendum. Read part 1 and part 2 here.
As the Lehman shock hit, the rise in private credit which had been extended to Southern Europe sharply contracted. Read more...
Status Quo Ante Referendum (Part 2): The buildup to the Economic Crisis
This is Part 2 of a 4 part analysis of the economic crisis in Greece and the Eurozone. Read part 1 here.
When the crisis of 2008 hit banks in America and Britain, Nicolas Sarkozy spoke about the folly of Anglo-Saxon capitalism, a nationalisation of the crisis which seemed to imply that there was something qualitatively different about the capitalism which existed in Western Europe. Read more...
Status Quo Ante Referendum (Part 1): A brief economic history of Greece and the European Monetary Union
This is part 1 of a 3-part article by new Unapologist, Amogh Sahu. The next 2 parts will be released over the next week.
In the wake of Alexis Tsipras’s decision to go for a referendum on the new bailout “deal” offered to Greece by the European Union, I feel it necessary for a little recap about why the European Union got into this mess in the first place, the role that Greece plays in this mess, and problems that people want to resolve, as well as those that people want to ignore. Read more...