Monday March 30, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Looking at the wrong example

In the last few years a large number of people in Greece have suggested, often in passionate terms, that the solution to the country’s sovereign debt crisis would be a disorderly default.

Amid a climate of such widespread populism, this point of view has gradually earned the support of a considerable portion of the Greek population.

Both those who preach this absolutely catastrophic theory, however, as well as those who support it, ought to take a moment to have a good look at the case of Argentina, which default champions so often like to cite.

The face is that the people of this Latin American nation – whose debt is significantly lower than that of Greece and which has many more resources – have suffered greatly for a large number of years from its default in 2001.

The option of undergoing a disorderly default, whether as a means of blackmailing the country’s lenders or as vehicle for a supposed liberation from them, is a particularly bad solution.

ekathimerini.com , Thursday Jan 23, 2014 (21:27)  
Let´s change the subject
Too little, too late?
Time to get moving
The same old story
Greece’s Tsipras to meet ministers as creditors ponder overhauls
Greece’s Prime Minister Alexis Tsipras is to hold a cabinet meeting Sunday as Greek officials and creditors in Brussels discuss overhauls the country proposes to secure more funds from the e...
Moscow expects progress from Tsipras visit
Prime Minister Alexis Tsipras’s planned visit to Moscow on April 8 will be a “big event” in the course of relations between Greece and Russia, according to the Russian ambassador in Athens, ...
Inside News
ANALYSIS
Rift talk may be self-fulfilling prophecy
The Greek government has submitted the long-awaited list of reforms to the lenders but the initial signs do not point to an agreement anytime soon that could open the spigots of liquidity to...
Undeclared labor flourishing as inspections are insufficient
Hundreds of thousands of workers remain invisible to the social security system and the state as they continue to provide undeclared labor to their employers, thereby feeding the deficits of...
Inside Business
SOCCER
Improved Greece draws 0-0 at Hungary
Greece ended up goalless with Hungary in Budapest on Sunday, on manager Sergio Markarian’s debut on the national team’s bench, a result that has left Greece at the bottom of its Euro 2016 qu...
HANDBALL
Hooligans mar PAOK´s handball cup triumph
PAOK won its second Greek Cup in handball beating AEK 29-27 in Sunday’s final in Thessaloniki, but the clashes between AEK fans and the police as well as the exchange of lethal flares betwee...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Improved Greece draws 0-0 at Hungary
2. Rift talk may be self-fulfilling prophecy
3. Undeclared labor flourishing as inspections are insufficient
4. Agenda
5. Banks write off old debts worth billions
6. Hooligans mar PAOK´s handball cup triumph
more news
Today
This Week
1. Eurogroup unlikely to be held soon to discuss Greek reforms
2. Moscow expects progress from Tsipras visit
3. Another suspect eyed in prison breakout plan
4. Greece’s Tsipras to meet ministers as creditors ponder overhauls
5. Greece says talks with lenders are continuing positively
6. Banks write off old debts worth billions
Today
This Week
1. Next Monday is D-Day for state funds
2. PM faces Merkel amid race to detail reforms
3. Some more equal than others
4. Greece to present reforms by Monday, says gov't spokesman [Update]
5. Looking at the Chinese model
6. Eurogroup unlikely to be held soon to discuss Greek reforms
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.