"Drama?" "tragedy?" draw your own classical metaphor—whatever you call it, Greece's debt crisis has been a remarkable political showdown. The polarising debate between austerity and reinvestment has never been more important or clear cut as in the negotiations between the left-wing Syriza party, eurozone leaders and Greece's creditors. For the first time in history, a developed country has defaulted on its debt to the IMF. With a Brexit referendum on the horizon and the British left in turmoil, all sides of the political spectrum have been transfixed. Throughout, Prospect’s panel have been giving in-depth analysis of the volatile situation and the crucial economic and political questions it raises. As the crisis reaches its climax, read our commentary here.How did we get here?
Why the nation voted OXi (No), by
George Magnus.
A short-term fix is possible, but finding long-term stability will be harder, writes
Vicky Pryce.
Our guide to the short and long-term consequences by
Jay Elwes.
What's next?
If a parallel currency emerges that will be the beginning of the end, writes
George Magnus
Glory is often short-lived. Financial suffering, on the other hand, can continue for generations, writes
David Patrikarakos.
Greece’s troubles are a reminder that Europe is not a happy family, writes
Nick Carn.
Can the country win a stay of execution, asks
George Magnus The Varoufakis effect
There is something abnormally pathetic about the spectacle of the forced resignation of Greek finance minister, writes
James Bone.
What you need to know about Yanis Varoufakis's less combative successor, writes
Alex Dean.
The former Finance Minister needed to apply his economic muscle to his moral cause, writes
Bronwen Maddox.
A game theorist leads Greece's challenge to the austerity doctrine imposed by Berlin:
James Bone profiles the former Finance Minister.
Referendum dramas
If this is how Greece takes big decisions, then should it be allowed to stay in the European Union, asks
Peter Kellner.
Leaving the EU might not be the panacea some believe, writes
George Magnus.
The situation on the ground in Greece is getting desperate, writes
Vicky Pryce.