Greece needs an in-out decision from Europe. Else these 8 things will linger

by Rashmee

Posted on July 12, 2015


The European Union will discuss Greece today – and it is to be hoped that it will be decisive and end this whole business once and for all. Either embrace Greece wholeheartedly or kick it out firmly. Today should be the in-out summit, something like the UK’s planned in-out referendum on the European Union. The … Continue reading “Greece needs an in-out decision from Europe. Else these 8 things will linger”

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The only 4 things that can be done about the Greeks, in plain English

by Rashmee

Posted on July 5, 2015


The only sensible suggestions on what’s desirable and what’s possible in the Greece crisis have come from Austan Goolsbee, formerly President Obama’s top economist. Mr Goolsbee, who’s now at the University of Chicago, speaks plain English, which is handy if you’re not an economist (which must of us are not). Here’s a summary of what Mr … Continue reading “The only 4 things that can be done about the Greeks, in plain English”

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The drama over ‘Greecisms’ in every twist of the neverending story

by Rashmee

Posted on July 3, 2015


The next instalment of the Greek drama is due for July 20. That’s when Greece is scheduled to repay the ECB €3.5 billion. Defaulting on its IMF debt on June 30 was serious but July 20 is the big date – defaulting on the ECB would mean an almost certain exit from the euro area. But … Continue reading “The drama over ‘Greecisms’ in every twist of the neverending story”

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Listen up, there’s a reason there was a film called ‘My Big Fat Greek Wedding’

by Rashmee

Posted on June 26, 2015


Language can be used to abuse reality. Or to disabuse people of the reality of a situation. How else to read the evolving, constantly fluid, high-wire negotiations aimed at averting a Greek default and possible exit from the Eurozone? Consider the horrors of the situation:  Greece now owes the International Monetary Fund (IMF) almost €35bn. … Continue reading “Listen up, there’s a reason there was a film called ‘My Big Fat Greek Wedding’”

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Unknown unknowns: What if Greece fell off the map and into Hellas?

by Rashmee

Posted on June 21, 2015


Ahead of Monday’s emergency European Union summit on Greece and its tangled affairs, here’s a question to consider: what if Greece were no more? As ‘Greece’, the English-ism of  the Latin ‘Graecia’, which really only means land of the Greeks. What if there were only Hellas or Ellada (as the Greeks themselves refer to their … Continue reading “Unknown unknowns: What if Greece fell off the map and into Hellas?”

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Unknown unknowns: Who gains if Greece defaults and exits euro?

by Rashmee

Posted on June 20, 2015


Who gains if Greece defaults on its liabilities and exits the eurozone? Athens, one might have thought. As with the spendthrift, once bankruptcy is declared, there should come a certain welcome sense of liberation. The psychological weight of having to do what you’re told even if you don’t like it, will suddenly lift. Greece will … Continue reading “Unknown unknowns: Who gains if Greece defaults and exits euro?”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK