Codogno, L. & De Grauwe, P. (2015) “Both Greece and its creditors must compromise to prevent the risk of a Grexit“, LSE EUROPP, 26 March. Greece and its creditors have been engaged in a two-month standoff over the release of further financial assistance to the country. Lorenzo Codogno and Paul De Grauwe write that with no agreement yet reached, the possibility of Greece leaving the euro has now become …Read More
Greece back on centre stage: the results of a déjà vu summit
Janis A. Emmanouilidis (2015) “Greece back on centre stage: the results of a déjà vu summit“, European Policy Centre, Post-Summit Analysis, 23 March. Summary The March 2015 European Council might not enter history books, but the outcome of an informal ‘mini summit’ between seven EU leaders has the potential to prepare the grounds for a breakthrough in the negotiations between Athens and its lenders. In this post-summit analysis, Janis …Read More
Library » Greece » Politics » Policy Papers
Where Now For Greece And The Eurozone?
Discussion: Where Now For Greece And The Eurozone?, Social Europe Journal, 23 March 2015. In this first episode of Social Europe Talk (SET) economists James K. Galbraith and David Lizoain as well as Maria Joao Rodrigues, the Vice-President of the S&D Group in the European Parliament, join Social Europe Editor-in-Chief Henning Meyer to discuss ‘Where now for Greece and the Eurozone?’
PHASE 3bis Report on Implementing the OECD Anti-Bribery Convention in Greece
Organisation for Economic Co-operation and Development (OECD) PHASE 3bis Report on Implementing the OECD Anti-Bribery Convention in Greece, March 2015. EXECUTIVE SUMMARY The Phase 3bis Report on Greece by the OECD Working Group on Bribery evaluates and makes recommendations to Greece on its implementation of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments. The Report results from the Working Group’s exceptional …Read More
Greece: Solidarity and Adjustment in Times of Crisis
Giannitsis, Τ. & Zografakis, S. (2015) “Greece: Solidarity and Adjustment in Times of Crisis“, Hans-Böckler-Stiftung, IMK Studies, Nr. 38., Düsseldorf: March. This report attempts to examine the impact of the crisis and crisis policies on incomes, inequality and poverty in Greece. Based on extensive income and tax data, it investigates changes in incomes, direct, indirect and property taxation and their incidence between 2008 and 2012-13, their impact on pre- …Read More
Greek Debt: Do the Right Thing
Dimitri Β. Papadimitriou (2015) “Greek Debt: Do the Right Thing“, The World Post US, 18 March. “Greece’s government and people have indulged in excesses and corruption; now it is time to pay the price.” The argument for full repayment of Greece’s debt is well known, easily understood, and widely accepted, particularly in Germany. Sacrifice, austerity and repayment are righteous, fair, and just. That view is coloring this and next …Read More
Greece: update on public finances – the State primary budget balance has returned almost in line with the target, but mostly due to expenditure cuts. Revenues continue to underperform
Merler, S. (2015) “Greece: update on public finances – the State primary budget balance has returned almost in line with the target, but mostly due to expenditure cuts. Revenues continue to underperform“, Bruegel Institute, 16 March. At the end of last week the Greek Finance Ministry published the preliminary budget execution bulletin for February. The State primary budget balance has returned almost in line with the target, but mostly …Read More
The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts
Ardagna, S. & Caselli, F. (2015) “The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts“, Centre for Economic Performance Special Paper, Special Paper No. 25, January 2014. We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that these equilibria were likely not on the Pareto frontier, and sketch …Read More
Library » Greece » Economy » Politics » Scientific Articles
It’s Time for Greece’s Left to Get On Board
Palaiologos, Υ. (2015) “It’s Time for Greece’s Left to Get On Board“, Wall Street Journal, 05 March. Greece’s Finance Minister Yanis Varoufakis sent a letter last week to Jeroen Dijsselbloem, president of the group of eurozone finance ministers, outlining the reforms that Athens would push through during the approved four-month extension of the country’s bailout. On the thorny subject of privatization, the letter said that the new government commits …Read More
Why is the Greek government so popular with left-wingers?
Cowen, T. (2015) “Why is the Greek government so popular with left-wingers?“, Marginal Revolution Blog, 10 March. Even though the Greek electorate has elected left-wing leaders, the “the Greek government” hasn’t actually changed all that much. It is still dysfunctional, corrupt, and very protective of special interests in nationally harmful ways. Yet I find that if I criticize the Greek government on Twitter I receive many angry, self-righteous comebacks, …Read More