Blanchard
Economy
Greek Economy Shrinks Another 6%
Coming on the heels of news that the country’s unemployment rate hit a record 27 percent, the Greek government got more bad news: the economy shrank 6 percent in the fourth quarter of 2012, according to the Hellenic Hellenic...
Economy
Greek Certainties: Death, Taxes and Tax Evaders
Raising taxes is supposed to be antithetical to Republicans and Greece’s New Democracy Capitalists who usually pin that on Democrats and the Left.
But it wasn’t surprising when, instead of going after tax evaders who owe their beloved country $70...
Economy
Lagarde Backs Reforms, Says Revenues Needed
International Monetary Fund Managing Director Christine Lagarde said Greece needs to find ways to generate more cash fast because austerity measures and lifeline loans from its international lenders aren't enough to prop up the economy.
Lagarde defended the policy...
Economy
IMF Miscalculated Greek Austerity Effect
The top economist at the International Monetary Fund (IMF) one of Greece’s Troika of lender, has admitted that the agency didn’t calculate how devastating the austerity measures it wanted would be on the Greek economy and those of other...