Labrianidis, Lois, Pratsinakis, Manolis, (2016), “Brain drain and the Greek crisis”, LSE Hellenic Observatory, 6 December In the context of the debt crisis, recession, austerity and their socio-political consequences, Greece is experiencing a new major wave of out-migration. Emigration has become a survival strategy for many people who are finding it hard to make ends meet, while, at the same time, it has also emerged as an increasingly appealing option …Read More

Bensasson, Marcus, (2016), “IMF Indecision on Bailout Faulted by Greek Economy Minister”, Levy Economics Institute, 28November The time has come for the International Monetary Fund to make up its mind on Greece, according to the country’s economy minister. The path to recovery runs sequentially through completion of Greece’s bailout review, debt relief and then admission to the European Central Bank’s quantitative easing program, said Dimitri Papadimitriou, an economist who joined …Read More

Petropoulou, Paraskevi, Dimitriadou, Anna, (2016), “Second programme review – Important milestones & timeline of key dates and events”, Eurobank Research, 18 November This report presents the key themes of the current juncture in light of the 2nd programme review, which is well underway and its importance to the Greek economy’s short and medium term prospects. Firstly, we present the key milestones ahead that will determine whether Greece will be able …Read More

Walter, Stefanie, (2016), “Why austerity is easier to implement in some countries than others – and why this was not the case for Greece”,  LSE EUROPP Blog, 17 October It is now roughly seven years since the Greek economic crisis first emerged, but why has the crisis in Greece proven so difficult to address in comparison to other Eurozone countries? Based on an analysis of crisis management in several European …Read More

Panagiotarea, Eleni, (2016), “The Political Economy of NPLs resolution: Ownership and conditionality”, Hellenic Observatory LSE, 13 October Greece’s non-performing exposure ratio is the second highest in Europe, largely linked to the unprecedented contraction of domestic economic activity in recent years. Causality is known to go both ways, with persistently high non-performing loans (NPLs) constituting a drag on credit and GDP growth. Theoretically, Greek governments keen to reduce the debt overhang …Read More