Tags » Greek Economy

Ramsey on the Greek crisis and depression

UPDATE 13-11-2015: A new .pdf has been uploaded

I upload here an educational application of the standard Ramsey model of long-run growth, to show that it predicts correctly, in a qualitative sense, what has happened and is still happening in the Greek economy due to the recent crisis and current depression. 48 more words

Educational Material

European Stocks Climb As Eurozone Clears Greek Bailout Deal!

S&P 500 2,092 +8.15 +0.39% EUROPE MARKETS

European stocks climb as eurozone clears Greek bailout deal.

European stock markets moved firmly higher on Monday after eurozone finance ministers late Friday approved Greece’s bailout deal, marking an end to more than six months of turbulent negotiations. 291 more words

Business News

Germany versus Greece

EugenR on July 21, 2015

Surprisingly in all the articles i read about Greek catastrophe caused by entering the Eurozone no one mentioned even with one word, that without the Eurozone, Greek’s GDP per capita and their standard of living would be about the level of Bulgaria. 7,132 more words


Greece without Grexit

Someone asked why i write negatively about Greece. My answer is I found intellectually annoying certain stand point, giving false support to the Greeks, and i will try to mention some of these claims and explain my opposition to it; 533 more words


How Goldman Sachs Destroyed The Greek Economy And Created A Water Crisis In Detroit

A few days ago The Nation published an article by Robert Reich detailing how Goldman Sachs profited not only from the Greek debt crisis, but the… 1,295 more words

Merkel says no to giving Greece a 'classic haircut,' hints other relief is possible

BERLIN — Chancellor Angela Merkel on Sunday suggested that Germany would show flexibility in negotiating how Greece deals with its massive debt, but again ruled out writing off part of the money. 397 more words


Letters: Damage to Greece can't be minimized

Re: “Bailout deal a harsh cure” (Andrew Coyne, July 14)

Andrew Coyne attempts to minimize the damage austerity policies have had on Greece by noting that by 2014, the Greek economy was growing again and unemployment was falling. 429 more words