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Lessons from the 2012 Greek debt restructuring

Xafa, M. (2014) “Lessons from the 2012 Greek debt restructuring“, VoxEU Organisation, 25 June.   The 2012 Greek debt restructuring was the largest one in the history of sovereign defaults. This column discusses the lessons from this historically unprecedented episode. Delaying the restructuring implied that externally held debt remained higher than it would have been otherwise. Supportive crisis management is necessary for smooth restructuring to take place in a currency …Read More

Responding to the Unemployment Challenge, a Job Guarantee Proposal for Greece

Antonopoulos, R. Adam, S., Kim, K., Masterson, T. & Papadimitriou, D. (2014) “Responding to the Unemployment Challenge, a Job Guarantee Proposal for Greece“, Research Project Report, Levy Economics Institute, Απρίλιος.   This report presents the findings from a study undertaken by the Levy Institute in 2013 in collaboration with the Observatory of Economic and Social Developments of the Labour Institute of the Greek General Confederation of Labour. It uses as …Read More

Party Euroscepticism in Greece during the Financial Crisis, the Cases of SYRIZA and Chrysi Avgi

Zikos, A. (2013) “Party Euroscepticism in Greece during the Financial Crisis, the Cases of SYRIZA and Chrysi Avgi”, National and Kapodestrian University of Athens, June.   The study at hand deals with the issue of Greek parties’ Euroscepticism during the period of the financial crisis. Through the case studies of SYRIZA and Chrysi-Avgi, i.e. two parties with diametrically different positions with regard to the integration of Europe and not only, …Read More

Poverty and Inequality during the Great Recession in Greece

Matsaganis, M. & Leventi, C. (2014) “Poverty and Inequality during the Great Recession in Greece“. Political Studies Review, 12: 209–223.   The severe economic crisis that has been affecting Greece since 2009 is having an unprecedented impact in terms of job and income losses, and is widely perceived to have a comparably significant effect in terms of greater inequality and increased poverty. This article provides an early assessment of whether (and …Read More

Southern Europe is suspicious: the evolution of trust in the EU

Bowles, J. (2014) “Southern Europe is suspicious: the evolution of trust in the EU“, Bruegel Think Tank, 14 May.   Analysis of the eurozone crisis and its consequences has started to consider its social, as well as political and economic, dimensions. Bruegel analysis, for example, has considered distributional challenges, effects on poverty levels, social security systems, and changes in confidence towards political institutions. Academic economic research into the significance of …Read More

Living Parallel Lives: Italy and Greece in an Age of Austerity

Bosco, A. & Verney, S. (2013) “Living Parallel Lives: Italy and Greece in an Age of Austerity“, South European Society and Politics, Vol. 18, Issue 4, Available online: 12 February 2014.   The economic crisis has triggered a process of political convergence between Italy and Greece. The simultaneous downfall of the Italian and Greek governments, following the public withdrawal of European confidence in their ability to handle the crisis, was …Read More

Europe’s Underappreciated Success: 10 Years Of Post-Enlargement Convergence

Watt, A. (2014) “Europe’s Underappreciated Success: 10 Years Of Post-Enlargement Convergence“, Social Europe Journal, 05 May.   On May 1st 2004 ten countries joined the EU in the biggest enlargement of the Union to date. Moreover it was a step heavy with symbolism. Eight of the ten – the exceptions being the two Mediterranean island economies Cyprus and Malta – had until just over a decade earlier been part of …Read More

Party Attitudes towards the EU in Greece

Verney, S. & Michalaki, S., “Greece”, in Conti, N. (ed.) (2014) “Party Attitudes towards the EU in the Member States – Parties for Europe, Parties against Europe“, Routledge Advances in European Politics, Routledge Publications: United Kingdom.   Between the Maastricht Treaty and the eurozone crisis, the central question in the Greek European debate was no longer ‘to be or not to be in the EU’ but ‘what kind of Europe’. The analysis …Read More

Broken and Can’t be Fixed’: The Impact of the Economic Crisis on the Greek Party System

Verney, S. (2014) “Broken and Can’t be Fixed’: The Impact of the Economic Crisis on the Greek Party System”, The International Spectator: Italian Journal of International Affairs, Volume 49, Issue 1, 2014   The Greek election of May 2012 failed to produce a government, resulting in repeat elections six weeks later. This shock outcome was a symptom of a broader delegitimation of the national political system. Over the past decade …Read More

Greece in Crisis: Austerity, Populism and the Politics of Blame. JCMS: Journal of Common Market Studies

Vasilopoulou, S., Halikiopoulou, D. and Exadaktylos, T. (2014), “Greece in Crisis: Austerity, Populism and the Politics of Blame. JCMS: Journal of Common Market Studies”, 52: 388–402. Within the broader debate on the Greek crisis, the theory of ‘populist democracy’ postulates that populism is fundamental to the sustenance of the Greek political system and is at the heart of Greece’s endemic domestic weaknesses. This article tests this assumption empirically through the …Read More