The €215 billion lent to Greece by her Eurozone siblings are likely among the very cheapest funding ever enjoyed by a sovereign borrower. Not only would the effective net interest rate so far be negative, but actually more so than those faced by essentially all countries lucky enough to have...

If there is one indelibly recurring myth surrounding the infamous bailout loans received by Greece for the last seven years it's that the money went overwhelmingly to foreign bankers (who owned allegedly massive Greek government bond portfolios). This ever so popular argument attempts to fan the...

Critics loudly complain that few if any of the €260 billion so far lent to Greece as part of the infamous bailouts that began in mid-2010 have directly benefited the Greek people. Nothing could be further from the truth. Not only is avoiding a historic sovereign default and the insolvency of...

The often-badmouthed Greek bailouts have allowed the Hellenic nation to enjoy unprecedentedly sensationally generous funding terms. In particular, Eurozone loans have become, through a glorious combination of very low nominal interest rates and large cash transfers, the equivalent of a negative...

The often lambasted bailout loans granted by Europe and the IMF to Greece since 2010 have allowed the Greek government to enjoy effective funding costs not just similar but even much better than those of the highest quality sovereign debtors. Thanks to the bailouts and their incredibly generous...

No. The infamous bailout loans granted by Europe and the IMF to Greece since 2010 did not create austerity in the country. We use official statistics to show that government spending and deficits did generally not go down in the bailout period versus other previous periods in “modern” Greece...