Four fundamental flaws have compromised Greek policy efforts and need to be reconsidered for the country to emerge from the financial crisis.
Western Europe
Latest articles from Greece
Remaking the eurozone
January 3, 2012Keeping Greece in and allowing massive European Central Bank intervention are the best ingredients for saving the eurozone. But the case for common eurozone bonds is less clear.
OTE's €500m DCM issue sets Greek challenge for BNP Paribas
June 30, 2011Issuing in Greece in the current climate is a brave move, but that did not stop telecoms company OTE entering the market earlier this year, thus posing quite a challenge for joint lead manager BNP Paribas.
Greek rescue: The big issue
August 30, 2010Controversy still surrounds the decision of the International Monetary Fund to bail out Greece at a rate of 3200% in excess of its quota. Writer Jane Monahan
George Papaconstantinou
August 30, 2010George Papaconstantinou, Greek finance minister
Things look very different for Greece compared to a year ago. A new government intent on change, and the help of the IMF, has brought the country back from the brink of bankruptcy - and served as a wake-up call for the rest of Europe in the process
Sovereign woes cast long shadows for banks
March 3, 2010The leading Greek banks had retained relatively conservative business models at home prior to the financial crisis, but market fears about government debt make the downturn even harder to manage. Writer Philip Alexander
Issuer strategy: Greece's dark cloud gets a silver lining
November 27, 2009Although Greece currently has the lowest sovereign rating in the eurozone and the highest budget deficit ratio, its membership was enough to reassure investors that its 15-year issue in November was a safe bet. Writer Edward Russell-Walling
To the Balkans and Beyond
May 5, 2009Over the past decade, Greece's leading banks have expanded into south-east Europe. To remain competitive, however, they will now need to weather the financial storm and continue to focus on increasing their presence in the Balkans and the rest of eastern Europe. Writer Kerin Hope
Greece gears up for tough times
May 5, 2009Greece's service-based economy has been less exposed to the global downturn than elsewhere in Europe, but a positive outlook for 2009 will largely depend on how the tourist industry performs and whether lines of credit will remain available to smaller businesses. Writer Kerin Hope
Eyes on new Europe for profit
November 3, 2008Greece’s avoidance of complex banking products means it has weathered the downturn better than other European countries. Now it is stealing a march on bigger economies by expanding into its near neighbours. Writer Stephen Timewell.
