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Emergency liquidity assistance and Greek banks’ bankruptcy

R. Götz, Martin, Haselmann, Rainer, Krahnen, Jan Pieter, Steffen, Sascha, (2015), “Emergency liquidity assistance and Greek banks’ bankruptcy”, Voxeu publications, 25 Σεπτεμβρίου Discussions continue in some circles as to whether the ECB’s emergency liquidity assistance for Greek banks is legitimate. This column assesses the underlying economics of the emergency liquidity assistance programme and the complex interrelationship between the EU, the ECB and the Greek banks. Economists must focus on the political economy of a monetary union with …Read More

Greek Elections 2015: Quo Vadis, Alexis?

Panagiotarea, Eleni, (2015), “Greek Elections 2015: Quo Vadis, Alexis?”, Heinrich Boll Stiftung publications, 23 Σεπτεμβρίου There is no doubt about it: Tsipras proved a real master of the political game. His gamble paid off. In fact, whether by accident or by design, he won more than he staked: a clear victory, following Syriza’s spectacular policy U-turn on ending austerity; a clear mandate to proceed with the implementation of the third …Read More

Thomas Piketty Responds To Surprise Greek Election Result

Piketty, Thomas, (2015), “Thomas Piketty Responds To Surprise Greek Election Result”, Social Europe Journal, 22 Σεπτεμβρίου In the wake of a surprise re-election of Alexis Tsipras and Syriza, Thomas Piketty discusses the need for a more active approach from European leaders when it comes to the Greek question – and for a eurozone parliament to be established. Σχετικές Αναρτήσεις Interview with Thomas Piketty: “The myth of national sovereignty helps big …Read More

Tsipras consolidates power in Greek election

Ruparel, Raoul, (2015), “Tsipras consolidates power in Greek election”, Open Europe blog, 20 Σεπτεμβρίου Despite all pre-election and exit polls showing a close run race it now looks as if Syriza and its leader Alexis Tsipras will enjoy a clear win in the Greek election.Open Europe’s Raoul Ruparel examines what this means for Greece and the Eurozone. Σχετικές Αναρτήσεις Hoffer, Frank, (2015), “What Next After Tsipras Dashed Schäuble’s Hopes For …Read More

Κρίση και Βιώσιμη Ανάπτυξη: Η αδυναμία μετασχηματισμού του παραγωγικού μοντέλου της ελληνικής οικονομίας

Κατσίκας, Δημήτρης, Φιλίνης, Κυριάκος, (2015), “Κρίση και Βιώσιμη Ανάπτυξη: Η αδυναμία μετασχηματισμού του παραγωγικού μοντέλου της ελληνικής οικονομίας”, Κέντρο Προγραμματισμού και Οικονομικών Ερευνών, Ελληνική Οικονομία-Μηνιαίο Δελτίο Οικονομικών Εξελίξεων, Νο21, Σεπτέμβριος Η πρόσφατη οικονομική κρίση ανέδειξε τα όρια του μοντέλου ανάπτυξης της ελληνικής οικονομίας, βασιζόμενου στην υψηλή κατανάλωση και το δανεισμό. Τα προγράμματα προσαρμογής της οικονομίας που εφαρμόστηκαν την περίοδο 2010-2014 αποσκοπούσαν, μεταξύ άλλων, στη διόρθωση των εν λόγω αδυναμιών, προσδίδοντας της …Read More

Greece illustrates how the politics of lending can undermine its effectiveness

Chapman, Terrence, Fang, Songying, Stone, Randall, (2015), “Greece illustrates how the politics of lending can undermine its effectiveness”, Lse blog, 18 Σεπτεμβρίου The summer of 2015 marked another period of high drama in the ongoing Greek debt crisis. Amidst continuing negotiations with lenders and European leaders, Greek citizens rejected austerity conditions requested in exchange for yet another bailout by the Troika of the European Commission, the European Central Bank, and the International Monetary Fund. Shortly …Read More

Poland Versus Greece

Krugman, Paul, (2015), “Poland Versus Greece”, New York Times blog, 11 Σεπτεμβρίου Yannis Ioannides and Christopher Pissarides, in a new Brookings Paper, talk about the ways lack of structural reform hurts Greek productivity and competitiveness. I have no reason to doubt that there are big things that should change, and that Greece would be much better off if it could somehow break the political barriers to making these changes. Σχετικές …Read More

A New Chance for Greece

Papantoniou, Yannos, (2015), “A New Chance for Greece”, Project Syndicate, 9 Σεπτεμβρίου On September 20, Greek voters will go to the polls – yet again – in a snap election called by Prime Minister Alexis Tsipras. The early poll was no surprise: almost a third of Tsipras’s colleagues in his leftist Syriza Party refused to endorse the bailout he had negotiated with the country’s creditors. In a parliamentary vote on …Read More

The Foundations of Greece’s Failed Economy

Phelps, Edmund, (2015), “The Foundations of Greece’s Failed Economy”, Project Syndicate, 4 Σεπτεμβρίου Too many politicians and economists blame austerity – urged by Greece’s creditors – for the collapse of the Greek economy. But the data show neither marked austerity by historical standards nor government cutbacks severe enough to explain the huge job losses. What the data do show are economic ills rooted in the values and beliefs of Greek …Read More

Outcome of Greece election looking increasingly uncertain

Ruparel, Raoul, (2015), “Outcome of Greece election looking increasingly uncertain”, Open Europe blog, 2 Σεπτεμβρίου The prevailing assumption before the Greece election was called was that outgoing Greek Prime Minister Alexis Tsipras would return as head of the next government in one way or another. However, the latest polling has suggested this is far less certain than assumed. Raising the question of what the outcome of the election might be? …Read More