This week, Greek government debt yields fell to record lows. The yield on the country's 10-year government bond fell below 1% for the first time in history on Wednesday, and later fell below 0.9%. This is a particularly significant development, given that Greece is the country that has been …
More »Three very good investments in 2018
As a start to the latest column of the EKIP, in which we will present investment comments related to the financial markets, instead of reviewing 2017, I decided to look ahead to 2018. This is actually an old tradition on Wall Street - at the end of each year, large funds and banks present …
More »Four economic myths that are worsening the euro crisis
Patrick Barron Much of the commentary surrounding the Greek crisis has focused on whether or not the country will leave the Eurozone, with less attention to the structural problems that have arisen after decades of socialism. At the same time, the Greek government has borrowed more money than the local population can repay, and the depreciation of the …
More »Is it possible for Greece to sell its gold reserve?
The Greeks said “OXI” to the austerity measures proposed by the creditors. The country missed a payment to the IMF, becoming the first developed country to boast such an achievement. The Greek banking system has been on a “bank holiday” for the second week now, and the markets are anxious about the outcome of the current crisis. Throughout …
More »Greece and the impossibility of statism
Two days ago it became clear that the European Commission is proposing a new bridge loan for Greece. The idea is that our southern neighbor will receive 7 billion euros, maturing in 3 months, with the money to cover the repayment of its debts to the IMF (3.6 billion euros) and the European …
More »Greece's biggest problem is its anti-capitalist culture
Russell Lamberti It is considered politically incorrect these days to criticize culture, but whether it uses euros or drachmas, whether it is in the European Union or not, Greece needs to somehow correct its cultural dysfunction. I am not talking about the customs of the people of the country, about their traditions, about the architecture, …
More »Casserole a la Tsipras or where to go after Grexit
Among the huge volume of news surrounding the negotiations between Greece and its EU and IMF creditors this week, a more curious one has crept in - the central bank stated in its report on the country's monetary policy that if an agreement is not reached, Athens will embark on a course towards bankruptcy and leaving the eurozone. …
More »Why we should fear SYRIZA
Undoubtedly the most important event on the European political scene at the end of January was the decisive victory of the far-left party SYRIZA in the early parliamentary elections in Greece. Although it fell two seats short of an outright majority, the equally extremist (but at the other end of the spectrum) Independents came to the rescue.
More »How a Greek bankruptcy could still lead to the collapse of the EU
Frank Hollenbeck Greece is back in the headlines. This should come as no surprise to anyone. It would be naive to think that the Greeks would accept to remain in debt forever. Despite all the rumors that Greece will be forced to leave the eurozone, there is actually no such mechanism through which the member states of the European Union (EU) …
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EKIP– Expert Club for Economics and Politics A Different Opinion