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Greece

Our Research & Offerings on Greece
  • Backgrounder posted July 24, 2012 by Salim Furth, Ph.D. What Debt Crisis? A Default Primer for Governments

    Abstract: A government that systematically finances spending through unsustainable levels of borrowing eventually finds itself in a crisis. The crisis is often triggered when economic growth slows or interest rates rise, leading to a vicious cycle of larger and larger interest payments. Often, such crises result in default on government…

  • Commentary posted June 21, 2012 by J.D. Foster, Ph.D. Larry Summers Can't Imagine How to Solve Europe

    Larry Summers, the former Clinton treasury secretary and more recently a top economic adviser to President Obama, has demonstrated two exceptional abilities. The first is an insightful review of conditions in the European crisis and why political solutions are so hard to come by. The second is he managed to get the same column into two of the world’s leading newspapers…

  • Issue Brief posted May 9, 2012 by J.D. Foster, Ph.D. Germany’s Economy Is Badly Exposed

    As the European economic crisis once again comes to a boil, many wonder how the Europeans put themselves in such hot water. This is a political crisis on top of an unemployment crisis, which bubbles on top of a fiscal crisis, underneath which is the critical element of an unsustainable imbalance in trade flows. While the trade imbalances within Europe have many causes,…

  • Commentary posted November 1, 2011 by Nile Gardiner, Ph.D. Inevitable Implosion

    In 2002, former British Prime Minister Margaret Thatcher warned that building a European Union superstate “will seem in future years to be perhaps the greatest folly of the modern era.” Less than a decade later, she’s being proved right, as the EU faces the biggest crisis in its history. Last week, Eurozone leaders hammered out a makeshift deal to significantly…

  • Testimony posted September 23, 2011 by J.D. Foster, Ph.D. The European Financial and Economic Crisis: Origins, Taxonomy, and Implications for the U.S. Economy

    Chairman Warner, Ranking Member Johanns, thank you for the opportunity to testify today. My name is J.D. Foster. I am the Norman B. Ture Senior Fellow at The Heritage Foundation. The views I express in this testimony are my own, and should not be construed as representing any official position of The Heritage Foundation. The European Economic Crisis is no accident. It is…

  • Play Movie Nile Gardiner on Riots in Greece on FBN Video Recorded on June 29, 2011 Nile Gardiner on Riots in Greece on FBN

    Nile Gardiner discusses Greek austerity measures.…

  • WebMemo posted May 20, 2011 by Theodore R. Bromund, Ph.D., J.D. Foster, Ph.D. President Obama Visits the Irish Financial Crisis

    When President Obama visits Ireland on May 23–24, he is expected to visit Moneygall in County Offaly, the ancestral home of his mother’s family. While finding Irish ancestors is a favorite electoral sport of American leaders, the President would be better advised to spend his time studying the Irish financial crisis, which has important lessons for America. If this…

  • WebMemo posted October 14, 2010 by Sally McNamara, Morgan Lorraine Roach The Obama Administration Must Push for Macedonia’s Accession to NATO at the Lisbon Summit

    On November 19, NATO leaders will meet in Lisbon for a formal heads-of-state summit. The dominant issue for the United States will be the adoption of NATO’s new Strategic Concept, the first of the new millennium. However, the Obama Administration should also throw its weight behind further expansion of the alliance, especially Macedonia’s accession. Macedonia has…

  • Special Report posted July 15, 2010 by Robin Harris, D. Phil. Europe: What Future?

    Abstract: The pretense that the European Union is successful and stable—and that the euro is a successful and stable currency—has been exploded by events surrounding the financial bailout of Greece. No one knows where the contagion will spread or how it may end. The world’s financial markets have occasionally teetered on the edge of panic. But the full implications of…

  • Backgrounder posted June 22, 2010 by J.D. Foster, Ph.D. What the EU Bailout Means for the U.S.

    Abstract: Long-run federal spending is wildly unsustainable, as almost everyone from right to left agrees. Under President Obama, this long-run problem has been married to an almost equally unsustainable short-run problem of deficit spending. Thus, to watch developments in Europe today is to peer through a clear window into America’s own future. As the nation runs…

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  • Backgrounder posted June 22, 2010 by J.D. Foster, Ph.D. What the EU Bailout Means for the U.S.

    Abstract: Long-run federal spending is wildly unsustainable, as almost everyone from right to left agrees. Under President Obama, this long-run problem has been married to an almost equally unsustainable short-run problem of deficit spending. Thus, to watch developments in Europe today is to peer through a clear window into America’s own future. As the nation runs…

  • WebMemo posted May 20, 2011 by Theodore R. Bromund, Ph.D., J.D. Foster, Ph.D. President Obama Visits the Irish Financial Crisis

    When President Obama visits Ireland on May 23–24, he is expected to visit Moneygall in County Offaly, the ancestral home of his mother’s family. While finding Irish ancestors is a favorite electoral sport of American leaders, the President would be better advised to spend his time studying the Irish financial crisis, which has important lessons for America. If this…

  • Backgrounder posted July 24, 2012 by Salim Furth, Ph.D. What Debt Crisis? A Default Primer for Governments

    Abstract: A government that systematically finances spending through unsustainable levels of borrowing eventually finds itself in a crisis. The crisis is often triggered when economic growth slows or interest rates rise, leading to a vicious cycle of larger and larger interest payments. Often, such crises result in default on government…

  • Commentary posted November 1, 2011 by Nile Gardiner, Ph.D. Inevitable Implosion

    In 2002, former British Prime Minister Margaret Thatcher warned that building a European Union superstate “will seem in future years to be perhaps the greatest folly of the modern era.” Less than a decade later, she’s being proved right, as the EU faces the biggest crisis in its history. Last week, Eurozone leaders hammered out a makeshift deal to significantly…

  • Backgrounder posted July 18, 1985 by James Phillips U.S. -Greece Relations: An Agonizing Reappraisal

    (Archived document, may contain errors)   445 July 18, 1985 UmSm GREECE RELATIONS AN AGONIZING REAPPRAISAL INTRODUCTION Greek Prime Minister Andreas Papandreou has provoked considerable teeth gnashing in Washington and the other Western alliance.capitals since assuming power in 19 81. The lapse in Greek security measures that apparently allowed TWA Flight 847 to be…

  • Issue Brief posted May 9, 2012 by J.D. Foster, Ph.D. Germany’s Economy Is Badly Exposed

    As the European economic crisis once again comes to a boil, many wonder how the Europeans put themselves in such hot water. This is a political crisis on top of an unemployment crisis, which bubbles on top of a fiscal crisis, underneath which is the critical element of an unsustainable imbalance in trade flows. While the trade imbalances within Europe have many causes,…

  • Commentary posted June 21, 2012 by J.D. Foster, Ph.D. Larry Summers Can't Imagine How to Solve Europe

    Larry Summers, the former Clinton treasury secretary and more recently a top economic adviser to President Obama, has demonstrated two exceptional abilities. The first is an insightful review of conditions in the European crisis and why political solutions are so hard to come by. The second is he managed to get the same column into two of the world’s leading newspapers…

  • WebMemo posted October 14, 2010 by Sally McNamara, Morgan Lorraine Roach The Obama Administration Must Push for Macedonia’s Accession to NATO at the Lisbon Summit

    On November 19, NATO leaders will meet in Lisbon for a formal heads-of-state summit. The dominant issue for the United States will be the adoption of NATO’s new Strategic Concept, the first of the new millennium. However, the Obama Administration should also throw its weight behind further expansion of the alliance, especially Macedonia’s accession. Macedonia has…

  • WebMemo posted May 6, 2010 by Sally McNamara, J.D. Foster, Ph.D. Five Reasons Not to Support a Bailout of Greece

    This weekend, the Eurozone members and the International Monetary Fund (IMF) proposed a €110 billion ($140 billion) rescue package for the struggling Greek economy. In exchange for imposing tough austerity measures—including a three-year public sector pay freeze, an increase in taxes, and a liberalization of labor laws—Eurozone countries will provide €80 billion in…

  • Special Report posted July 15, 2010 by Robin Harris, D. Phil. Europe: What Future?

    Abstract: The pretense that the European Union is successful and stable—and that the euro is a successful and stable currency—has been exploded by events surrounding the financial bailout of Greece. No one knows where the contagion will spread or how it may end. The world’s financial markets have occasionally teetered on the edge of panic. But the full implications of…

Find more work on Greece
  • Backgrounder posted July 24, 2012 by Salim Furth, Ph.D. What Debt Crisis? A Default Primer for Governments

    Abstract: A government that systematically finances spending through unsustainable levels of borrowing eventually finds itself in a crisis. The crisis is often triggered when economic growth slows or interest rates rise, leading to a vicious cycle of larger and larger interest payments. Often, such crises result in default on government…

  • Issue Brief posted May 9, 2012 by J.D. Foster, Ph.D. Germany’s Economy Is Badly Exposed

    As the European economic crisis once again comes to a boil, many wonder how the Europeans put themselves in such hot water. This is a political crisis on top of an unemployment crisis, which bubbles on top of a fiscal crisis, underneath which is the critical element of an unsustainable imbalance in trade flows. While the trade imbalances within Europe have many causes,…

  • WebMemo posted May 20, 2011 by Theodore R. Bromund, Ph.D., J.D. Foster, Ph.D. President Obama Visits the Irish Financial Crisis

    When President Obama visits Ireland on May 23–24, he is expected to visit Moneygall in County Offaly, the ancestral home of his mother’s family. While finding Irish ancestors is a favorite electoral sport of American leaders, the President would be better advised to spend his time studying the Irish financial crisis, which has important lessons for America. If this…

  • WebMemo posted October 14, 2010 by Sally McNamara, Morgan Lorraine Roach The Obama Administration Must Push for Macedonia’s Accession to NATO at the Lisbon Summit

    On November 19, NATO leaders will meet in Lisbon for a formal heads-of-state summit. The dominant issue for the United States will be the adoption of NATO’s new Strategic Concept, the first of the new millennium. However, the Obama Administration should also throw its weight behind further expansion of the alliance, especially Macedonia’s accession. Macedonia has…

  • Special Report posted July 15, 2010 by Robin Harris, D. Phil. Europe: What Future?

    Abstract: The pretense that the European Union is successful and stable—and that the euro is a successful and stable currency—has been exploded by events surrounding the financial bailout of Greece. No one knows where the contagion will spread or how it may end. The world’s financial markets have occasionally teetered on the edge of panic. But the full implications of…

  • Backgrounder posted June 22, 2010 by J.D. Foster, Ph.D. What the EU Bailout Means for the U.S.

    Abstract: Long-run federal spending is wildly unsustainable, as almost everyone from right to left agrees. Under President Obama, this long-run problem has been married to an almost equally unsustainable short-run problem of deficit spending. Thus, to watch developments in Europe today is to peer through a clear window into America’s own future. As the nation runs…

  • WebMemo posted May 6, 2010 by Sally McNamara, J.D. Foster, Ph.D. Five Reasons Not to Support a Bailout of Greece

    This weekend, the Eurozone members and the International Monetary Fund (IMF) proposed a €110 billion ($140 billion) rescue package for the struggling Greek economy. In exchange for imposing tough austerity measures—including a three-year public sector pay freeze, an increase in taxes, and a liberalization of labor laws—Eurozone countries will provide €80 billion in…

  • Backgrounder posted July 18, 1985 by James Phillips U.S. -Greece Relations: An Agonizing Reappraisal

    (Archived document, may contain errors)   445 July 18, 1985 UmSm GREECE RELATIONS AN AGONIZING REAPPRAISAL INTRODUCTION Greek Prime Minister Andreas Papandreou has provoked considerable teeth gnashing in Washington and the other Western alliance.capitals since assuming power in 19 81. The lapse in Greek security measures that apparently allowed TWA Flight 847 to be…

Find more work on Greece
Find more work on Greece