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Investigating the psychological effects of the Greek financial crisis

Davou, Bettina, (2015), “Investigating the psychological effects of the Greek financial crisis”, LSE blog, 22 October 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. Relevant Posts 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 October 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 an …Read More

Greece budget update – October

Merler, Sylvia, (2015), “Greece budget update – October”, Bruegel publications, 19 October 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. Relevant Posts Merler, Sylvia, (2015), “Greece budget update – September”, Bruegel publications, 22 September Merler, Sylvia, (2015), “Greece budget …Read More

On Structural Reforms and Debt Relief

Milas, Costas, Panagiotidis, Theodore, Boumparis, Periklis, (2015), “On Structural Reforms and Debt Relief “, LSE blog, 15 October 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

Who’s to Blame for Greece?-Austerity in Charge of Saving a Broken Economy

Pelagidis, Theodore, Mitsopoulos, Michael, (2015), “Who’s to Blame for Greece?-Austerity in Charge of Saving a Broken Economy”, International Political Economy Series, Palgrave-Macmillan publications, October The Euro constitutes the crowning achievement of a prolonged process of integration between European states. It incarnates the vision for a united and prosperous Europe: the attainment of major political goals through the promotion of closer economic cooperation. However, the 2009 crisis brought the EU head-to-head again with its perennial …Read More

The crossroad of reforms for the Greek public administration

Makrydemetres, Anthony, D. Zervopoulos, Panagiotis, Eliana Pravita, Maria, (2015), ” The crossroad of reforms for the Greek public administration”, LSE blog, 9 October The reform of Greek public administration in order to enhance efficiency is a key recommendation put forth by the OECD. Efficient public administration ensures both the optimal utilisation of the resources engaged by public bodies and the allocation of excessive public funds to civil society or to activities promoting economic growth. The reform …Read More

Where is the credit crunch in Greece?

Gros, Daniel, (2015), “Where is the credit crunch in Greece?”, Ceps Commentary, 6 October Greek policy-makers like to make the point that their economy cannot recover because of a lack of credit and that this affects exports, in particular. Austerity is an easy explanation for the weakness of domestic demand, argues Daniel Gros in this CEPS Commentary, but it is more difficult to see why Greek exports have stagnated in …Read More

#aGreekment in the Twittersphere

Bauchowitz,  Stefan, Hänska, Max, (2015), “#aGreekment in the Twittersphere“, LSE blog, 6 October To what extent does twitter provide a platform for the emergence of a European public sphere? Around 47% of Europeans use social media at least once a week, making it a potentially important source of information and a promising platform for debate. Indeed, it has sometimes been suggested that the interactive affordance of social media may provide the ideal platform for a …Read More

Greece Without Illusions

Varoufakis, Yanis, (2015), “Greece Without Illusions”, Project Syndicate, 5 October “The costliest minor government reshuffle in Greece’s history.” That is at least one way to describe the result of the Greek general election on September 20. Indeed, with few exceptions, the same ministers have returned to the same offices as part of an administration backed by the same odd pair of parties (the left-wing Syriza and the smaller right-wing Independent …Read More

What’s Next for Greece?

Park, Jeanne, (2015), “What’s Next for Greece?”, Interview of Eleni Panagiotarea in Council on Foreign Relations, 23 September With the Syriza party’s decisive victory in Greece’s snap elections on Sunday, Alexis Tsipras won his second term as prime minister less than a year after he first took office. Eleni Panagiotarea, research fellow at the Athens-based ELIAMEP think tank, says that while these results may restore a measure of political stability, …Read More