Monday, August 7, 2017
The Washington Post
By Editorial Board August 4
IN GREECE, the lucrative tourism industry is threatened this summer by millions of oversized jellyfish washing ashore on the nation’s beaches. An even slimier development is the ongoing persecution of the country’s first independent chief statistician, whose tough-minded steps to straighten out Greece’s notoriously fraudulent economic data have been repaid with farcical prosecutions by a judicial system rapidly discrediting itself in the world’s eyes.
Andreas Georgiou, an American-trained economist who spent two decades working at the International Monetary Fund, was hired as Greece’s top statistician in 2010 as the country’s debt crisis was spiraling out of control. His goal was to honestly report economic data that for years had been fudged by politicians and officials seeking to minimize their own fateful fiscal mismanagement.
Friday, February 27, 2015
By LIZ ALDERMANFEB. 26, 2015
The New York Times
ATHENS — As he sifted recently through a sheaf of Greek bank accounts held by executives, politicians and other members of the Greek elite, Panagiotis Nikoloudis, the nation’s new anti-corruption czar, was struck by some troubling numbers.
A man who was claiming unemployment benefits and declared zero income on his taxes had more than 300,000 euros, or $336,000, stashed away at his bank. Another, who told the tax authorities that his annual income was just €15,000, turned out to have €1.5 million in various bank accounts.
Monday, October 27, 2014
How the Oligarchs Ruined Greece
By Pavlos Eleftheriadis FROM OUR NOVEMBER/DECEMBER 2014 ISSUE
The Foreign Affairs
Just a few years ago,
came perilously close to defaulting on its debts and exiting the eurozone.
Today, thanks to the largest sovereign bailout in history, the country’s
economy is showing new signs of life. In exchange for promises that Greece would enact
aggressive austerity measures, the so-called troika -- the European Central
Bank, the European Commission, and the International Monetary Fund -- provided
tens of billions of dollars in emergency loans. From the perspective of many
global investors and European officials, those policies have paid off.
Excluding a one-off expenditure to recapitalize its banks, Athens ’s budget
shortfall totaled roughly two percent last year, down from nearly 16 percent in
2009. Last year, the country ran a current account surplus for the first time
in over three decades. And this past April, Greece returned to the
international debt markets it had been locked out of for four years, issuing $4
billion in five-year government bonds at a relatively low yield -- only 4.95
percent. (Demand exceeded $26 billion.) In August, Moody’s Investors Service
upgraded the country’s credit rating by two notches. Greece
Monday, January 7, 2013
By KOSTAS VAXEVANIS
Published: January 6, 2013
The New York Times
Unfortunately, the bicycle of Greek democracy has long been broken. After the military junta collapsed in 1974, Greece created only a hybrid, diluted form of democracy. You can vote, belong to a party and protest. In essence, however, a small clique exercises all meaningful political power.
Thursday, December 27, 2012
(Reuters) - Greek prosecutors sent a list of possible tax cheats to parliament, court sources said, in a case that has highlighted
' failure to crack down on the tax
evasion that has contributed to the country's financial crisis. Athens
Monday, December 24, 2012
The Wall Street Journal
By STELIOS BOURAS And PHILIP PANGALOS
Monday, December 17, 2012
Thursday, December 6, 2012
By RACHEL DONADIO and LIZ ALDERMAN
The New York Times