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Greece
Featured Content
RGE Analysis
What’s on Nouriel’s Mind: A Sweet Greek PSI Deal Transfers the Bulk of Future Losses to the Official Sector
Mar 6, 2012
Global Economic Outlook
Greece Outlook: Immediate Disaster Thwarted, Growth Prospects Still Grim
Mar 5, 2012
Greece: Fiscal Policy and Public Finances
Greek Parliament Passes Austerity Bill Despite Social Unrest
RGE Analysis
Four Options to Address the Eurozone's Stock and Flow Imbalances: The Rising Risk of a Disorderly Break-Up
Nov 1, 2011
EU and EMU Institutional Framework
Greek EZ Precedent: Who Will Blink First in This Dangerous Game of Chicken?
Stabiltiy Bond Consultation Results: Yes, but...
RGE Analysis
Brady Plan 2.0: RGE Proposal for an Orderly but Coercive Greek Debt Exchange Approved by the Eurozone and Private Sector
Jul 22, 2011
Market Strategy
Reduced Tail Risk Allows Selective Risk On, Despite Unanswered Questions and Moral Hazard
Jul 27, 2011
Macroeconomy
Greece: Domestic Demand
Greek Q4 Unemployment Rate Reaches 20.7% y/y—Highest Since 1998
Eurozone : Greece : Europe : Macroeconomy : Labor Markets and Productivity :
Greece: Price Dynamics
Greek Inflation Falls to 1.4% y/y in March
Eurozone : Greece : Europe : Macroeconomy : Monetary Policy and Inflation :
Markets
Finance & Banking
Greece: Fiscal Policy and Public Finances
Greek Parliament Passes Austerity Bill Despite Social Unrest
EU and IMF October Reviews of Greek Program: IMF Pushes for Greater Structural Reforms
Eurozone : Greece : Europe : Finance and Banking : Macroeconomy : Fiscal Policy :
Geostrategy
Key Indicators
FTSE JSE Resource 20
Index Price Level
Index Price Level
55233.6, 54420.47, 54420.47, 54405.57, 54024.53
54,024.53
Harmonized CPI
All-items HICP - Greece
All-items HICP - Greece
120.37, 119.19, 117.6, 121.37, 122.17
122.17
Gross domestic product at market prices
Mil of euro (chained 2000 prices), Real, SA, WDA - Greece
Mil of euro (chained 2000 prices), Real, SA, WDA - Greece
45584.6, 45230, 44435, 43137.7, 42437.2
42,437.2
Government Budget
Balance as Percent of GDP, Percent - Greece
Balance as Percent of GDP, Percent - Greece
-2.7, -3.8, -4.1, -5.1, -6.1
-6.1
Unemployment rate
Total - Greece
Total - Greece
11.57, 11.92, 11.96, 11.62, 12.03
12.03
data by Factset
Greece Outlook: Immediate Disaster Thwarted, Growth Prospects Still Grim
We expect the contraction in Greece’s GDP to deepen in 2012 as joblessness peaks and investment drags on growth, before easing in 2013. Further austerity and structural reforms will continue to undermine domestic demand over the next two years, though we are highly skeptical of the degree of structural reform that the government will actually succeed in implementing. We expect that the government, faced with a choice between a decade of austerity and recession or a eurozone (EZ) exit to regain competitiveness, will choose the latter, most likely as early as late 2013.
Market Strategy
Market Strategy
Are CDS Worthless Because Greece's Exchange Won't Trigger a Credit Event?
By Nov 2, 2011
Market Strategy
Damned If You Do, Doomed If You Don't: Life After Greece's Mega-Exchange (If it Actually Happens)
By Sep 16, 2011
Market Strategy
Reduced Tail Risk Allows Selective Risk On, Despite Unanswered Questions and Moral Hazard
By Jul 27, 2011
Cross Asset Monthly
The Big Picture: Necessary but Insufficient Policies for Interesting Times
By Oct 29, 2010
Market Strategy
Q3 2010 Scenario Analysis: Macroeconomic Factors & Asset Class Investment Implications
By Aug 2, 2010
Market Strategy
Cross Asset Monthly: A Summer of Discontent: Navigating the Tug of War Between Greed and Fear
By Jul 27, 2010
Market Strategy
Fixed Income: Relief Rallies European Bond Markets, But Now for the Hard Part
By May 10, 2010
Market Strategy
Fixed Income: Uncertainty Persists in EZ Periphery as Greek Curve Remains Volatile
By May 3, 2010
Market Strategy
FX: Build Short Positions on EUR Strength, Concern for Reserve Currency Status
By May 3, 2010
Economic Research
Economic Research
What’s on Nouriel’s Mind: A Growth Compact—A 12-Point Plan to Jump-Start Eurozone Growth
By May 21, 2012
Economic Research
What’s on Nouriel’s Mind: Greece Should Default and Exit the Eurozone Through an Orderly Divorce Process
By May 14, 2012
Economic Research
What’s on Nouriel’s Mind: 12 Drivers of the Eurozone’s Slow-Motion Train Wreck
By May 1, 2012
Economic Research
What’s on Nouriel’s Mind: The Eurozone Needs More Than Austerity to Restore Growth
By Apr 12, 2012
Economic Research
What’s on Nouriel’s Mind: A Balance-Sheet Recession Calls for Monetized Fiscal Deficits, Not Fiscal Austerity
By Apr 3, 2012
Conference Call
Conference Call Replay: EZ Political Risks—Policy and Economic Implications; Navigating Stormy Waters
By Mar 13, 2012
Economic Research
What’s on Nouriel’s Mind: A Sweet Greek PSI Deal Transfers the Bulk of Future Losses to the Official Sector
By Mar 6, 2012
Global Economic Outlook
Greece Outlook: Immediate Disaster Thwarted, Growth Prospects Still Grim
By Mar 5, 2012
Economic Research
EZ Election 2012/13 Special: National Politics and the European Debt Crisis
By Feb 13, 2012
Europe Weekly
ECB Rate Cuts Delayed; Greek Deadline Worries; Turkish Credit Drought; Russian Disinflation Drivers; EZ Calendar
By Feb 10, 2012
Europe Weekly
Greek PSI and the ECB; EZ Yield Curves; EZ PMIs; UK Double Dip; Hungarian Monetary Policy; EZ Calendar
By Jan 27, 2012
Conference Call
Conference Call Replay: EZ State of Play—Another Summit, More Skepticism
By Jan 27, 2012
Conference Call
Conference Call Highlights: Can the EZ Be Brought Back From the Brink?
By Nov 17, 2011
Europe Weekly
EZ PMIs; Greek Politics; UK Growth; Romanian Monetary Policy; Russian IP; Turkish Inflation; EZ Calendar
By Nov 4, 2011
Economic Research
Four Options to Address the Eurozone's Stock and Flow Imbalances: The Rising Risk of a Disorderly Break-Up
By Nov 1, 2011
Economic Research
Waiting for the Wednesday Summit: Progress Report on EFSF Leverage Options, Bank Recaps and Greece
By Oct 24, 2011
Economic Research
Low Inflation in EZ Core Threatens Periphery’s Efforts to Regain Competitiveness
By Oct 21, 2011
Conference Call
Conference Call Replay: Eurozone in Crisis—More Than a Plan to Plan Needed
By Oct 21, 2011
Economic Research
Last Shot on Goal: Will Eurozone Leaders Succeed in Ending the Crisis?
By Oct 21, 2011
Economic Research
The Age of Crisis: Down and Out Depression in D.C.—RGE on the IMF/WB Annual Meetings
By Sep 26, 2011
Economic Research
Brady Plan 2.0: RGE Proposal for an Orderly but Coercive Greek Debt Exchange Approved by the Eurozone and Private Sector
By Jul 22, 2011
Economic Research
Second Bailout Package for Greece and Stabilization of the EMU Framework—Options and Solutions
By Jul 21, 2011
Economic Research
High Time for an Orderly and Market-Oriented but Coercive Restructuring of Greece's Debt
By Jul 13, 2011
Economic Research
Despite Serious Vulnerabilities, Italy Is Not Greece; the Show Will Probably Go On
By Jul 13, 2011
Europe Weekly
Greek Debt; Volatile Turkish Inflation; Fragile Irish Growth; Russia's Weak Fixed Investment; Poland's Shale Gas Bonanza; Denmark's Bank Woes
By Jul 8, 2011
Europe Weekly
Risks and Growth Prospects Across the EZ, UK, Nordics, Emerging Europe and CIS
By Jul 1, 2011
Europe Weekly
Turkish Credit Growth; UK Consumption; Russian Payroll Tax; Greek Crisis Impact on Romania; Finnish Growth Policy
By Jun 24, 2011
Europe Weekly
Greek Crisis; German Banks Exposed; Irish Bondholders; Czech Banking Risks; Turkish Wage-Price Spiral
By Jun 17, 2011
Economic Research
EZ Policy Makers Will Avoid Tough Decisions and Continue to Muddle Through for Now
By Jun 3, 2011
Economic Research
From Reprofiling to Vienna Initiative 2.0: The Nonsense of Purely 'Voluntary' Bail-Ins of Greece's Sovereign Bank Creditors
By Jun 3, 2011
Economic Research
Much Ado About Relatively Little: Contagion Risks From an Orderly Greek Debt Restructuring Are Modest, Contained and Manageable
By May 24, 2011
Economic Research
DSK's Arrest: Implications for the IMF Succession and PIIGS' Bailouts
By May 16, 2011
Europe Weekly
Eurozone Core Comes Up Trumps in Q1; UK, EZ Periphery Moving at Half Speed
By May 13, 2011
Economic Research
A How-To Manual for Plan B: Options for Restructuring Greek Public Debt
By May 9, 2011
Economic Research
CDS and Debt Restructuring: Does the Existence of Credit Derivatives Make Restructuring Harder?
By Apr 21, 2011
Economic Research
Greek Debt Restructuring Debate: Is the Official Sector Converging Toward 'Plan B'?
By Apr 6, 2011
Europe Weekly
Greek Debt Restructuring; Turkish Monetary Policy; German Elections; Swedish Banks
By Jan 21, 2011
Economic Research
2011 Geostrategy Note: The Roiling Pacific, Quagmiristan and EZ Targets
By Dec 29, 2010
Economic Research
Comparing Spain With Ireland and Other PIIGS: Better in Some Ways, More at Risk in Others
By Nov 25, 2010
Economic Research
An Orderly Market-Based Approach to the Restructuring of Eurozone Sovereign Debts Obviates the Need for Statutory Approaches
By Nov 15, 2010
Economic Research
Eurozone Periphery: Short-Term Sovereign Risk Amid Long-Term Restructuring Plans
By Nov 11, 2010
Economic Research
Q4 2010 Geostrategic Risk Note: Asia on the Boil, U.S.-Europe Reap Anti-Incumbent Backlash
By Oct 7, 2010
Economic Research
Europe Weekly Spotlight: Greek Loan Review; Depressed French Consumers; UK Financial Reform
By Aug 6, 2010
Economic Research
Q3 2010 Geostrategy Note: Nascent Nukes, Portly PIIGS and the Taliban
By Aug 4, 2010
Economic Research
The Greek Government’s Scylla and Charybdis: Debt Woes and Political Uncertainty
By May 26, 2010
Economic Research
Eurogroup Ready to Provide €30 Billion at around 5%, IMF €15 Billion at Lower Rates
By Apr 12, 2010
Economic Research
Greece/EZ Crisis: Slow Motion Train Wreck of Greek Bank Contagion Accelerates
By Apr 9, 2010
Economic Research
The Greece Dilemma: Sovereign Debts Imperiling the Euro and Challenging EU Ties
By Jan 19, 2010
EconoMonitors
Peterson Institute for International Economics
Endgame in Greece: Don’t Look for an Imminent 'Grexit'
May 21, 2012
Europe Channel
Europe's 'Success Story' Double Dips: Irish Economy Re-Contracts, As Predicted
Mar 22, 2012
Peterson Institute for International Economics
Is the Risk Free Status of Euro Area Sovereign Debt in Tatters?
Mar 16, 2012
Nouriel Roubini's Global EconoMonitor
CNBC Video and Report - Portugal to Fall, Greece to Leave Euro Zone: Roubini
Mar 12, 2012
Peterson Institute for International Economics
An Alternative for Greece: An Incomes Policy to Achieve Internal Devaluation
Feb 28, 2012
Peterson Institute for International Economics
Brinkmanship in Brussels, Sturm and Drachma for Greece and Europe
Feb 27, 2012
Europe Channel
Europe Has Chosen a Harsh Future. All the Paths for Greece Lead into Darkness.
Feb 24, 2012
RGE Analysts
RGE's Christian Menegatti CNBC Video - Bailout Won't Save Greece's Solvency
Feb 14, 2012
Europe Channel
Handelsblatt Warns Insufficient PSI Participation Will Lead to Greek Default
Feb 14, 2012
Peterson Institute for International Economics
Europe’s Fiscal Union Still Lacks a Blueprint
Feb 13, 2012
Europe Channel
Greece Responds to Troika Deal with Immediate Two Day Strike, Threatens with "Social Uprising"
Feb 9, 2012
Dan Alpert's Two Cents
Tinkerbell Economics - The Confidence Fairy, Pixie Dust and a Sleeping Dragon
Feb 6, 2012
Europe Channel
Hot News! The Wehrmacht Failed to Take Greece. Now Germany Tries Again, With a Different Method.
Jan 29, 2012
Dan Alpert's Two Cents
On Sticky Wages and What Happens when Inflation is No Longer an Alternative
Dec 13, 2011
Dan Alpert's Two Cents
On Printing Euros and the Real German Fear (hint, it's not 1923)
Nov 17, 2011
Europe Channel
The Myth of Greek Profligacy & the Faith Based Economics of the ‘Troika’
Oct 27, 2011
Europe Channel
Greek Crisis Will Require €500 Billion ($700) in 2010-2020 - And it Won't Be Enough
Oct 26, 2011
Europe Channel
Juncker: It May Not Be Enough Even if Greece Defaults With 60 Percent Haircut
Oct 11, 2011
Nouriel Roubini's Global EconoMonitor
Full Analysis: Greece Should Default and Abandon the Euro
Sep 22, 2011
Dan Alpert's Two Cents
From the Desk of Peter Tchir: "Is September 20th Greek Default Day?"
Sep 17, 2011
Europe Channel
Jurgen Stark = Credit Anstalt 2.0 (and Euromarkets Reacting Accordingly)
Sep 12, 2011
Europe Channel
Greek Bonds Collapse as ECB's Nowotny Announces Bank Will Compromise, Agree to 'Temporary' Greek Default
Jul 19, 2011
Peterson Institute for International Economics
Greece Does the Right Thing, After Another Turbulent Week in the Euro Area
Jul 1, 2011
The Wilder View
What Do You Want to Wager that the IMF's a Bit Overly Optimistic on the Outlook for Greek Nominal GDP?
Jun 27, 2011
Peterson Institute for International Economics
Euro Area Crisis Mismanagement: A Case Study in Dithering
Jun 21, 2011
Peterson Institute for International Economics
Power-Sharing in Greece Would Be Great News for All
Jun 20, 2011
Peterson Institute for International Economics
What’s Behind the Squabble Over a New Aid Package for Greece?
Jun 16, 2011
Nouriel Roubini's Global EconoMonitor
Paying Greece’s Creditors: History Teaches Us Only So Much
Jun 7, 2011
The Wilder View
What? Greece Has to Raise Capital in 2012 and Meet a 7.5% Deficit Target this Year?
May 9, 2011
The Wilder View
Greece Will Not Be 'Allowed' to Default Until Policy Shores Up the Irish Bond Market
Apr 24, 2011
Nouriel Roubini's Global EconoMonitor
A Chat with Nouriel Roubini and Daniel Speckhard, Former U.S. Ambassador to Greece, on the Future of the EZ
Jan 26, 2011
Geostrategy Channel
Cross-Border Deleveraging and the Shifts in Europe's Bargaining Game
Nov 29, 2010
Nouriel Roubini's Global EconoMonitor
An Orderly Market-Based Approach to the Restructuring of Eurozone Sovereign Debts Obviates the Need for Statutory Approaches
Nov 28, 2010
Nouriel Roubini's Global EconoMonitor
Roubini Hosts CNBC Squawk Box - Europe: Contagion 2.0
Nov 19, 2010
Nouriel Roubini's Global EconoMonitor
Roubini: Eurozone Restructurings Will Leave Bondholders Facing Losses
Nov 4, 2010
Geostrategy Channel
Spain Is the Perfect Example of a Country that Never Should Have Joined the Eurozone
May 17, 2010
Geostrategy Channel
Volcker Talks of Possible EU Breakup (Loose Lips Sink Ships Edition)
May 14, 2010
Nouriel Roubini's Global EconoMonitor
Roubini CNNMoney Interview: EU Band-Aid, Crisis Economics, Financial Regulation
May 12, 2010
Geostrategy Channel
Making Fiscal Consolidation Work In Greece, Portugal, and Spain: Some Lessons from Argentina
May 11, 2010
Geostrategy Channel
How I Stopped Holding My Breath for a Greek Restructuring and Learned to Love Illiquency Support
May 10, 2010
Geostrategy Channel
About the Euro Crisis: The Experts Are Wrong, the German People Are Right
May 10, 2010
Daily Digest
News
Remarks of European Commission Vice-President Rehn at the Eurogroup press conference of 14 May 2012
European Commission May 14, 2012
Analysis
Report on the public consultation on the European Commission Green Paper on the feasibility of introducing Stability Bonds
EU Commission May 15, 2012
Blogs
Greek exit would convert over half a trillion of external euro liabilities into drachm
Sober Look May 12, 2012
Analysis
The Annual Report of the Governor of the Bank of Greece for the Year 2011
Bank of Greece Apr 24, 2012
Research
Growth for Greece: Commission points the way to unlock growth and create jobs
European Commission Apr 18, 2012
Analysis
World Economic Outlook: Growth Resuming, Dangers Remain (April 2012)
International Monetary Fund (IMF) Apr 17, 2012
Opinions
Currency disunion- Why Europe’s leaders should think the unthinkable
The Economist Apr 07, 2012
Analysis
Greece: Request for Extended Arrangement Under the Extended Fund Facility - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece.
IMF Mar 16, 2012
News
IMF Executive Board Approves €28 Billion Arrangement Under Extended Fund Facility for Greece
IMF Mar 15, 2012
News
Statement by the President of the Eurogroup, Jean-Claude Juncker on Second Greek Program Approval
EUROGROUP Mar 14, 2012
Analysis
Greece Outlook: Immediate Disaster Thwarted, Growth Prospects Still Grim
Roubini Global Economics Mar 05, 2012
News
ISDA EMEA Determinations Committee: Restructuring Credit Event Has Occurred with Respect to The Hellenic Republic
ISDA Mar 09, 2012
News
Eligibility of bonds issued or guaranteed by the Greek government in Eurosystem credit operations
ECB Mar 08, 2012
News
ISDA: Market Participant Asks If Greece Has Suffered Credit Event
The Wall Street Journal Mar 09, 2012
Analysis
Euro area:German business surveys signal trend-like growth in early 2012, supported by domestic demand
J.P.Morgan Chase Bank Feb 28, 2012
Opinions
Decline and small-Small firms are a big problem for Europe’s periphery
The Economist Mar 03, 2012
Analysis
Greek Exchange: A New Paradigm for European Sovereign Debt
Roubini Global Economics Feb 29, 2012
News
Eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
ECB Feb 28, 2012
News
DERIVATIVES: ISDA to determine Greece credit event on March 1
IFR International Financing Review Feb 29, 2012
RESEARCH AND STRATEGY FIXTURES
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Top 10 Most Read
Featured Economic Research and Market Strategy
Featured Analysis
What’s on Nouriel’s Mind: 12 Drivers of the Eurozone’s Slow-Motion Train Wreck
“Several EZ members will eventually have to restructure their private and public debts; and a few EZ members may eventually exit the monetary union.”
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