Taylor Berman · 08/20/15 01:13PM

Nine days after agreeing to a $96 billion bail out, Greek Prime Minister Alexis Tsipras has announced his resignation and called for early elections in September.

Hudson Hongo · 08/11/15 10:15PM

After 23 hours of talks, Greece and its international creditors reached a tentative agreement for an 85 billion euro bailout on Tuesday, Reuters reports. “There remains work to be done with details,” cautioned Finland’s Finance Minister. “We must take one step at a time. Agreement is a big word.”

Moral Hazard and Its Victims

Hamilton Nolan · 07/13/15 11:25AM

After all of the boisterous noise about rejecting austerity, Greece has finally agreed to the outlines of a bailout to address its debt crisis: more austerity. Its future is grim(mer). At times like this, it is useful to ask which side has the morality, and which has only the hazards.

All Debt Is Negotiable

Hamilton Nolan · 07/06/15 01:00PM

Now that Greece’s citizens have overwhelmingly rejected the idea of continued financial austerity, the rest of Europe—particularly Germany—must decide whether to continue to hound the broke-ass Greeks to repay their debts. And Germany’s own moral superiority is far murkier than Germans might think.

Brendan O'Connor · 07/04/15 12:30PM

“The European financial system was architected to make lending to Greece — and Spain and Portugal and Italy — a money machine for bankers... [who] understood perfectly well that there was in fact a long-term risk, an uncertainty, a constructive ambiguity.” Gosh, this all sounds awfully familiar.

Time For the Next Global Financial Panic? Maybe!

Hamilton Nolan · 06/29/15 08:33AM

Though is not technically in the business of sophisticated financial analysis of the global economy, we must report to you this morning that it may be time to panic.