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Holding out for a better deal: Brinkmanship in the Greek bailout negotiations

Pitsoulis, Athanassios, Schwuchow, Soeren C., (2016), "Holding out for a better deal: Brinkmanship in the Greek bailout negotiations", European Journal of Political Economy, 9 September Greece and its creditors concluded negotiations over a third bailout by signing a Memorandum of Understanding on 19 August 2015. The dominant view among most economic policy analysts and commentators seems to be that the actions of the Greek government in the months before the deal had …Read More

Liberals, Socialists, and pork-barrel politics in Greece

Psycharis, Yannis, Rodríguez-Pose, Andrés, Tselios, Vassilis, (2016), "Liberals, Socialists, and pork-barrel politics in Greece", Centre for Economic Policy Research, June This paper analyses the role of pork-barrel politics in the allocation of public investment expenditures in Greece. It proposes a model which explicitly relates the allocation of public investment to electoral results using a unique dataset covering the period from the restoration of democracy in 1974 until 2009, just before the Great Recession …Read More

Can Greece shake off its political passivity?

Petsinis, Vassilis, (2016), "Can Greece shake off its political passivity?", European Council of Foreign Relations, 27 May The public mood in Greece has gone through three stages since January 2015: optimism, agony, and passivity. The first stage, optimism, corresponds to the first months after Syriza’s victory in the elections of January 2015, when a positive turn for Greece seemed possible in spite of the critical situation in the country. The second …Read More

Greece and the EU. Lessons from a Long-lasting Crisis

Pol Morillas, Thanos Dokos, (2016), "Greece and the EU. Lessons from a Long-lasting Crisis", CIDOB Monographs, May Less than a year ago, the Greek crisis reached its highest level of tension. After arduous negotiations, the Greek government and its creditors signed the agreement for a third bailout in July 2015,which should provide liquidity to the Greek public sector in return for a severe programme of deficit adjustment and structural reforms. At the …Read More

Political budget cycles and reelection prospects in Greece's municipalities

Chortareas, Georgios, Logothetis, Vasileios, Papandreou, Andreas A., (2016), "Political budget cycles and reelection prospects in Greece's municipalities", European Journal of Political Economy, Μay This paper considers the presence of political budget cycles in Greece's municipalities. We construct a new dataset from primary sources and we find strong evidence of pre-electoral manipulation through increased expenditures and excessive borrowing. We use a dynamic panel data approach producing evidence of opportunistic behavior in local government …Read More

The Greek Tragedy And Its Solution

Bernegger,Michael, (2016), "The Greek Tragedy And Its Solution", Social Europe OP 8, June 2015 Ostensibly, the Greek crisis is about sovereign debt. It appears to result from a too expansionary fiscal policy and a loss in price competitiveness since the launch of the euro. This competitive weakness, it is claimed, can be attributed to an excessive rise in labour costs in relation to anaemic macroeconomic productivity growth. In reality, the core …Read More

How to Handle the Crisis in Greece? Empirical Evidence Based on a Survey of Economics Experts

Potrafke,Niklas, Reischmann, Markus (2016), "How to Handle the Crisis in Greece? Empirical Evidence Based on a Survey of Economics Experts", CESifo Working Paper No. 5860, April 2016 We asked experts from 113 countries polled by the CESifo World Economic Survey for their opinions on how to handle the crisis in Greece. 61.9% of the experts surveyed were not in favour of Greece exiting the Eurozone in the course of the negotiations held in …Read More

An ever More Polarized Union: The Greek Problem and the Failure of EU Economic Governance

Notermans, Ton, (2016), "An ever More Polarized Union: The Greek Problem and the Failure of EU Economic Governance", CESpapers - open forum #24  As the Greek economy continues on its downward trajectory, the policy debate has degenerated into a re-enactment of the neoclassics versus Keynesians controversy. Yet, the Greek crisis can be solved neither by more austerity and structural reforms nor by Keynesian reflation. The core problem lies in a form …Read More

Reform of Public Administration in Greece; Evaluating Structural Reform of Central Government Departments in Greece: Application of the DEA Methodology

Makrydemetres, Anthony, Zervopoulos, Panagiotis, D.,  Pravita, Maria-Eliana, (2016), "Reform of Public Administration in Greece; Evaluating Structural Reform of Central Government Departments in Greece: Application of the DEA Methodology", GreeSE Paper No.97, February The focus of this study is the evaluation of the efficiency and effectiveness of Central Government Departments (CGDs) in Greece. Measurements are compared with those defined by the Administrative Reform 2013 (AR2013) to assess whether the reforms introduced by the AR2013 …Read More

Financial assistance to Greece: Three programmes

Colasanti, Fabio, (2016), "Financial assistance to Greece: Three programmes", European Policy Centre, 26 February. There are a lot of myths surrounding the bailout money that was given to Greece. Many people still believe that the money never went to the Greek people, but to the Greek and European banks; that the intervention of the euro-area governments and the IMF dealt almost exclusively with the Greek debt; that very little money was used …Read More

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