Ioannidis, Y. (2015) “The political economy of the distributional character of the Greek taxation system (1995–2008)“, Southeast European and Black Sea Studies Journal, Vol. 15, Issue 1, Μάρτιος, σελ. 77-96. The period between 1995 and 2008 is one of the fundamental transformations in the Greek economy. In that sense, we would expect an equally drastic change to have taken place in the structure of the taxation system. Nevertheless, no …Read More
The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts
Ardagna, S. & Caselli, F. (2015) “The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts“, Centre for Economic Performance Special Paper, Special Paper No. 25, Ιανουάριος 2014. We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that these equilibria were likely not on the Pareto frontier, and sketch …Read More
Greece goes back into depression – having never left it
Mitchell, B. (2015) “Greece goes back into depression – having never left it“, Bill Mitchell Blog, 07 Μαρτίου. Last Friday (March 6, 2015), Eurostat unveiled the latest – National Accounts estimates for the fourth-quarter 2014. All the Greek news this week will be about the – Letter – that the Greek Finance Minister sent to the president of the Eurogroup, in which he outlined 7 reform proposals. But it …Read More
Sovereign default and debt restructuring: Was Argentina’s ‘haircut’ excessive?
Edwards, S. (2015) “Sovereign default and debt restructuring: Was Argentina’s ‘haircut’ excessive?“, VoxEU Organisation, 04 Μαρτίου. There were 24 sovereign defaults and debt restructurings between 1997 and 2013. Using data on 180 debt restructurings – for both sovereign bonds and sovereign syndicated bank loans – this column argues that the roughly 75% ‘haircut’ Argentina imposed on its creditors in 2005 was an outlier. Greece’s ‘haircut’ of roughly 64% in …Read More
Mapping the Greek party system after the 2015 elections: how the economy and Europe have merged into a single issue
Katsanidou, A. & Otjes, S. (2015) “Mapping the Greek party system after the 2015 elections: how the economy and Europe have merged into a single issue“, LSE EUROPP, 25 Φεβρουαρίου. The Greek government is still attempting to negotiate a long-term solution to the country’s debt problem, but what are the lasting implications of the 2015 Greek parliamentary elections for politics in Greece? Alexia Katsanidou and Simon Otjes present a …Read More
Is Greek Public Debt Unsustainable? It’s The (nominal growth rate of the) Economy, Stupid!
Watt, A. (2015) “Is Greek Public Debt Unsustainable? It’s The (nominal growth rate of the) Economy, Stupid!“, Social Europe Journal, Occasional Papers No. 6, Ιανουάριος. Greece will go to the polls on January 25th and everybody from German conservatives to Greek leftists seems to agree: Greek public debt is unsustainable. A haircut on investors and some form of partial default – more politely known as debt restructuring – is …Read More
The Greek Turnaround: Mending the Fragility and at What Price
Panagiotarea, E. (2014) “The Greek Turnaround: Mending the Fragility and at What Price“, στο: Europe – Surging Ahead, Panorama – Insights into Asian and European Affairs, 02/2014, σσ. 59-70, 19 Δεκεμβρίου. Introduction Greek economic adjustment was never going to be an easy task. For one, the starting imbalances were grave, hidden from view by years of budgetary misreporting and rudimentary surveillance, while the country’s institutional capacity to undertake and …Read More
Πώς επενδύουν οι ελληνικές επιχειρήσεις στο εξωτερικό; (1/2) Άμεσες Ξένες Επενδύσεις
Γιακούλας, Δ. (2014) “Πώς επενδύουν οι ελληνικές επιχειρήσεις στο εξωτερικό; (1/2) Άμεσες Ξένες Επενδύσεις“, Μονάδα Καινοτομίας και Επιχειρηματικότητας Εθνικού Μετσόβειου Πολυτεχνείου, 6ο Ενημερωτικό Δελτίο, 06 Νοεμβρίου 2014. Οι Άμεσες Ξένες Επενδύσεις αποτελούν την πιο προωθημένη επιλογή διεθνοποίησης της επιχείρησης και θεωρούνται ως ουσιαστικός μοχλός οικονομικής ανάπτυξης είτε άμεσα είτε μέσω αποτελεσμάτων διάχυσης. Οι ελληνικές άμεσες επενδύσεις στο εξωτερικό και ο ρόλος τους στην εγχώρια ανάπτυξη βρέθηκαν στο επίκεντρο του …Read More
Η παρανόηση περί «ανάπτυξης» και «λιτότητας» – Ο πολιτικός λαϊκισμός και ο ρόλος του στην καταστροφή τής οικονομίας
Ιωάννου, Α. Δ. & Ιωάννου, Α. Χ. (2014) “Η παρανόηση περί «ανάπτυξης» και «λιτότητας» – Ο πολιτικός λαϊκισμός και ο ρόλος του στην καταστροφή τής οικονομίας“, Foreign Affairs Hellenic Edition, 07 Νοεμβρίου. Περίληψη: Η κυρίαρχη ερμηνεία τόσο για την τρέχουσα κρίση τής ευρωπαϊκής οικονομίας, όσο και για το φαινόμενο της οικονομικής κάμψης ή στασιμότητας γενικότερα, είναι εκείνη που στηρίζεται στο νοηματικό δίπολο «ανάπτυξη/λιτότητα», οι δύο πλευρές τού οποίου νοούνται …Read More
How party linkages shape austerity politics: clientelism and fiscal adjustment in Greece and Portugal during the eurozone crisis
Afonso, A., Zartaloudis, S. & Papadopoulos, Y. (2014) “How party linkages shape austerity politics: clientelism and fiscal adjustment in Greece and Portugal during the eurozone crisis“, Journal of European Public Policy, 29 Οκτωβρίου. Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards, we show how the nature of the linkages between parties and citizens shapes party strategies of fiscal …Read More