Matina Stevis at the WSJ

Top notch reporting!
It has been quite a while I 've been following Matina's coverage of Europe for the WSJ

The Financialist "Europe’s “Least Likely to Succeed” Could Soon Start Doing Just That"

Credit Suisse analysts  focus on Spain and Greece!

Charles W. Calomiris "The Painful Arithmetic of Greek Debt Default"

“Αλλοίμονο πού κλαίγανε καί δέν ήξευραν τί λέγανε. “Shame to those that cry and do not know the reason why.” – Ancient Greek Proverb

Achingly prophetic - March, 2010- and zero hindsight.

Dani Rodrik "The Problem Is Authoritarianism, Not Islam"

Islamist leaders have shown little interest in democracy beyond winning at the ballot box.

Kenneth Thomas :Annals of Austerity FAIL, Eurozone Redux

Middle Class Political Economist: Annals of Austerity FAIL, Eurozone Redux: July 31 saw the latest release of European Union unemployment numbers, and Monday's gross domestic product figures brought no joy, espec...

my comment
With the twin deficits above 15% of GDP each in 2009, the borrowed time of the Greek economy had long been exhausted. The non-option of default led to the two bailouts (110+130 bln), and also a haircut and buy-back of debt that reduced it by some 120 bln.
Austerity was not meant to be of the Alesina-Ardagna variety: it was rather what Edward Hugh defined:

What happened .... was not a case of long established living standards being suddenly slashed, it was a case of them being cut back to where they were before they were raised in an unsustainable way in order to win elections.

CONVERSABLE ECONOMIST: A Euro Narrative

CONVERSABLE ECONOMIST: A Euro Narrative: When a timetable for putting the euro in place was annouced by the Delors Commission back in 1988, I didn't believe it would ever happen...

note: JEP collection of papers on the euro

Dimitri B. Papadimitriou "Greece Needs a 21st Century Marshall Plan"

I posted on the Levy Institute proposal
Here Dimitri Papadimitriou further promotes the proposal in Bloomberg
The U.S. should also endorse a new blueprint for recovery based on one of the most successful economic assistance programs of the modern era: the Marshall Plan.
The interesting thing is in the comments. I did not read one that agrees.

Levy Economic Institute "The Greek Economic Crisis and the Experience of Austerity"

In this report, Levy Institute President Dimitri B. Papadimitriou and Research Scholars Michalis Nikiforos and Gennaro Zezza analyze the economic crisis in Greece and offer policy recommendations to restore growth and increase employment.

After killing the corpse of the Alesina-Ardagna "expansionary austerity" -why bother?- they propose a "Marshall Plan"of about 30 bln in quarterly "installments"!
I 'd go one step further: "A Marshall Plan of 2 bln per quarter in perpetuity".