Δόθηκε στη δημοσιότητα από το ελληνικό Υπουργείο Οικονομικών ο φάκελος με τις παρουσιάσεις που έκανε ο Έλληνας Υπουργός Οικονομικών, Γ. Βαρουφάκης, ενώπιον των ομολόγων του κατά τις συνεδριάσεις του Eurogroup στις 11 και 16 Φεβρουαρίου 2015. Ο φάκελος περιέχει τα non papers τεκμηρίωσης που παρείχε η διαπραγματευτική ομάδα, καθώς και τα προσχέδια κείμενα των προτάσεων για την Ελλάδα του επικεφαλής του Eurogroup Γερούν Ντέισελμπλουμ, και του Επίτροπου Οικονομικών Υποθέσεων Πιερ …Read More
Greece, Its International Creditors and the Euro
Sabri Öncü, T. (2015) “Greece, Its International Creditors and the Euro“, Naked Capitalism Blog, 17 Φεβρουαρίου. Yves here. This is an excellent background piece on how Greece got where it is and how its various bailouts were structured. It also helps explain the past and current roles the various members of the Troika play and discusses the prospects for Greece achieving its aims. By T ([email protected]), a financial economist …Read More
The radicalisation of lower middle class Greek families was the key to Syriza’s victory
Leonitsis, V. (2015) “The radicalisation of lower middle class Greek families was the key to Syriza’s victory, LSE EUROPP, 13 Φεβρουαρίου. A number of commentators have written on the extent to which Syriza managed to attract the backing of a wide section of Greek society in its election victory on 25 January. Vasilis Leontitsis writes that one of the key dynamics in the election was the support Syriza received …Read More
The Lunch Question – A Brief History of Inequality
Morris, I. (2015) “The Lunch Question – A Brief History of Inequality“, Global Affaris, STRATFOR Global Intelligence, 11 Φεβρουαρίου. At an event in Beijing last November, I had the good fortune to meet the French economist Thomas Piketty, who has sold 1.5 million copies of his book, Capital in the Twenty-First Century, since it was first published in 2013. Pacing up and down in front of a packed auditorium, …Read More
Germany Emerges
Friedman, G. (2015) “Germany Emerges“, Geopolitical Weekly, STRATFOR Global Intelligence, 10 Φεβρουαρίου. German Chancellor Angela Merkel, accompanied by French President Francois Hollande, met with Russian President Vladimir Putin on Feb. 6. Then she met with U.S. President Barack Obama on Feb. 9. The primary subject was Ukraine, but the first issue discussed at the news conference following the meeting with Obama was Greece. Greece and Ukraine are not linked …Read More
Do derivatives make the world safer?
Vuillemey, G. (2015) “Do derivatives make the world safer?, VoxEU Organisation, 12 Φεβρουαρίου. The interest rate derivatives market has grown tenfold over the past 15 years. These contracts are mostly held by commercial banks, raising financial stability concerns. This column discusses how hedging using derivatives affects bank lending and the occurrence of bank defaults. The interest rate derivatives market is the largest market in the world, with an aggregate …Read More
Portugal must rebalance its economy and improve education to continue its economic recovery
Franco, F. (2015) “Portugal must rebalance its economy and improve education to continue its economic recovery“, LSE EUROPP, 12 Φεβρουαρίου. Portugal was one of the worst hit countries by the Eurozone crisis, but emerged from its bailout programme in 2014. As part of our ‘economies of Europe’ series, Francesco Franco provides an account of the development of the Portuguese economy since the crisis, including some of the key challenges …Read More
The maths behind an amended Greek plan – additional ESM financing would allow the Greek primary surplus to be lowered to 3% of GDP
Darvas, Z. (2015) “The maths behind an amended Greek plan – additional ESM financing would allow the Greek primary surplus to be lowered to 3% of GDP“, Bruegel Institute, 11 Φεβρουαρίου. Last week I published my assessment of Greek Finance Minister Yanis Varoufakis’ draft plan, and promised to do some calculations to illustrate its impacts. Mr Varoufakis abandoned the earlier haircut demand of Syriza that I welcomed as a …Read More
The ECB Should Stay Out of Politics
Crook, O. (2015) “The ECB Should Stay Out of Politics“, BloombergView, 10 Φεβρουαρίου. Has the European Central Bank made itself the judge of which countries remain members of the euro area? That would be an amazing assertion of power — on the face of it, completely at odds with its usual insistence that it stands outside politics. Yet that is more or less what the ECB seemed to do …Read More
Survey Report: Emigrating in times of crisis. Highlights and new data from an e-survey on high-skilled emigrants from Southern Europe and Ireland
Gropas, R. & Triandafyllidou, A. (2015) Survey Report: Emigrating in times of crisis. Highlights and new data from an e-survey on high-skilled emigrants from Southern Europe and Ireland, Global Governance Programme – European University Institute, Φεβρουάριος. The issues at stake Crises impact on migration trends and development in numerous ways. In general, remittances tend to fall and ‘brain drain’ tends to increase as high skilled individuals are prone to …Read More