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Prime Ministers in Greece-The Paradox of Power

Featherstone, Kevin,  Papadimitriou, Dimitris, (2015), “Prime Ministers in Greece-The Paradox of Power”, Oxford University Press, Ιούλιος This book is concerned with a large question in one small, but highly problematic case: how can a prime minister establish control and coordination across his or her government? The Greek system of government sustains a ‘paradox of power’ at its very core. The Constitution provides the prime minister with extensive and often unchecked powers. Yet, …Read More

New Countdown For Greece: A Bank Bail-in Is Looming

Minenna, Marcello, (2015), “New Countdown For Greece: A Bank Bail-in Is Looming”, Social Europe, 4 Νοεμβρίου. The debt crisis may no longer be in the spotlight but the financial situation in Greece remains complex. Greek banks continue to survive at the edge of bankruptcy, kept afloat only by Emergency Liquidity Assistance (ELA) from the ECB and by still-enforced capital controls. After the August “agreement”, the Troika has promised the Greek government €25 billion …Read More

Δύο αιώνες μνημόνια για την Ελλάδα

Παλαιολόγος, Γιάννης, (2015), “Δύο αιώνες μνημόνια για την Ελλάδα”, Εφημερίδα Η ΚΑΘΗΜΕΡΙΝΗ, 1 Νοεμβρίου. Εύγλωττες ομοιότητες μεταξύ της τρέχουσας ελληνικής κρίσης και των προηγούμενων τριών επεισοδίων κρατικής χρεοκοπίας στη νεότερη ιστορία της Ελλάδας αποκαλύπτει νέα επιστημονική εργασία των Κάρμεν Ράινχαρτ (Harvard) και Κρίστοφ Τρεμπές (Πανεπιστήμιο του Μονάχου), που παρουσιάστηκε στα μέσα Σεπτεμβρίου σε συνέδριο του ινστιτούτου Brookings στις Ηνωμένες Πολιτείες. Σχετικές Αναρτήσεις Βασιλάκη, Χριστίνα, (2015), “Σε τροχιά αξιολόγησης η υλοποίηση του …Read More

Αποτελέσματα του stress test των Ελληνικών τραπεζών από την ΕΚΤ

Aggregate report on the Greek comprehensive assessment 2015 Press Release Press calls presentation: results overview Για επιπλέον σχετικό υλικό πατήστε εδώ.

What should be done with Greek banks to help the country return to a path of growth

Avgouleas, Emilios, Papadimitriou, Dimitri B., (2015), “What should be done with Greek banks to help the country return to a path of growth”, Levy Economics Institute of Bard College, 2015/6, Οκτώβριος The battered Greek banks will soon face another round of recapitalization, yet the prospects for a return to their precrisis role as liquidity providers to the economy are unlikely. In this context, it is imperative to remind the country’s creditors and the …Read More

The Pitfalls of External Dependence: Greece, 1829-2015

Reinhart M., Carmen, Trebesch, Christoph,  (2015), “The pitfalls of external dependence: Greece, 1829-2015”, Brookings Papers on Economic Activity, Σεπτέμβριος. Two centuries of Greek debt crises highlight the pitfalls of relying on external financing. Since its independence in 1829, the Greek government has defaulted four times on its external creditors, and it was bailed out in each crisis. We show that cycles of external crises and dependence are a perennial theme of …Read More

Investigating the psychological effects of the Greek financial crisis

Davou, Bettina, (2015), “Investigating the psychological effects of the Greek financial crisis”, LSE blog, 22 Οκτωβρίου In the past six years thousands of Greeks have been socially displaced. This significant life change has triggered powerful negative emotions. As an outside event affecting the Greek society, the crisis initially cultivated a negative emotional atmosphere which by time settled to a permanently distressing emotional climate. Σχετικές Αναρτήσεις Zartaloudis, S. (2014) “The financial …Read More

Three days to save the euro

Traynor, Ian, (2015), “Three days to save the euro”, The Guardian, 22 Οκτωβρίου Late on the afternoon of Friday 10 July, as European finance ministers were packing their bags for Brussels to attend yet another meeting on the Greek debt crisis, a shocking email from Berlin landed in the inboxes of a very small number of top officials. Earlier that week, the Greek prime minister, Alexis Tsipras, had been given …Read More

Greece budget update – October

Merler, Sylvia, (2015), “Greece budget update – October”, Bruegel publications, 19 Οκτωβρίου While it has to be stressed that the targets considered in the budget execution bulletins are still those from the old 2015 budget (not the new targets under the new programme), this development is nevertheless an interesting reversal of previous tendencies. Σχετικές Αναρτήσεις Merler, Sylvia, (2015), “Greece budget update – September”, Bruegel publications, 22 Σεπτεμβρίου Merler, Sylvia, (2015), “Greece …Read More

On Structural Reforms and Debt Relief

Milas, Costas, Panagiotidis, Theodore, Boumparis, Periklis, (2015), “On Structural Reforms and Debt Relief “, LSE blog, 15 Οκτωβρίου The recent trip of the Greek Prime Minister to the US was dominated by repeated calls for debt relief. The Greek pile of debt, currently at 177% of the country’s GDP, is undoubtedly high (see here for a recent analysis on the sustainability of the Greek debt). In July 2015, the IMF (one of Greece’s so-called Troika …Read More