El-Arian, Mohamed A., (2016), “Time for Debt Reduction in Greece”, Project Syndicate, 22 Απριλίου Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round of contentious and protracted discussions with its creditors is underway – one that may well produce yet another …Read More
As European Central Bank Convenes, How Well Has Maestro Mario Performed?
Spellman, James D. , (2016), “As European Central Bank Convenes, How Well Has Maestro Mario Performed?”, The European Institute, Μάρτιος 2016 Euphoria in financial markets can burn off as fast as fireworks, an explosive flare-up and then, poof, gone. Many investors are wondering if the unprecedented initiatives by the European Central Bank, including negative interest rates, may be just like that, a cascade of fleeting embers. Others, though, think the restructuring …Read More
Poul Thomsen, Greece And IMF Cynicism
Munevar, Daniel, (2016), “Poul Thomsen, Greece And IMF Cynicism”, Social Europe Journal, 16 Φεβρουαρίου For the casual reader, Poul Thomsen’s recent piece on the role of the IMF in the bailout review negotiations taking place between Greece and the Troika would seem balanced and reasonable. At the end of the day, as he has argued elsewhere, the numbers simply need to add up. For that, there is a trade-off between …Read More
Βιβλιοθήκη » Ελλάδα » Οικονομία » Πολιτική » Άρθρα Γνώμης
Greece: Toward a Workable Program
Thomsen, Poul M., (2016), “Greece: Toward a Workable Program”, Blog iMFdirect, 11 Φεβρουαρίου. Having successfully pulled Greece from the brink last summer and subsequently stabilized the economy, the government of Alexis Tsipras is now discussing with its European partners and the IMF a comprehensive multi-year program that can secure a lasting recovery and make debt sustainable. While discussions continue, there have been some misperceptions about the International Monetary Fund’s views and role in …Read More
Βιβλιοθήκη » EE » Ελλάδα » Οικονομία » Πολιτική » Άρθρα Γνώμης
The Varoufakis Effect?
Varoufakis, Yanis, (2016), “The Varoufakis Effect?”, Project Syndicate, 26 Ιανουαρίου In his end-of-2015 missive, Holger Schmieding of the Hamburg investment bank Berenberg warned his firm’s clients that what they should be worrying about now is political risk. To illustrate, he posted the diagram below, showing how business confidence collapsed in Greece during the late spring of 2015, and picked up again only after my resignation from the finance ministry. Schmieding …Read More
Βιβλιοθήκη » Ελλάδα » Οικονομία » Πολιτική » Άρθρα Γνώμης
Greece’s Two Currencies
Varoufakis, Yanis, (2016), “Greece’s Two Currencies”, Social Europe, 8 Ιανουαρίου. Imagine a depositor in the US state of Arizona being permitted to withdraw only small amounts of cash weekly and facing restrictions on how much money he or she could wire to a bank account in California. Such capital controls, if they ever came about, would spell the end of the dollar as a single currency, because such constraints are utterly …Read More
Βιβλιοθήκη » EE » Ελλάδα » Οικονομία » Άρθρα Γνώμης
The Left in government again: Principled politicians and pragmatic policies – A lesson on how to square the circle
Sourvanos, Dimitris, Nanou, Kyriaki, (2015), “The Left in government again: Principled politicians and pragmatic policies – A lesson on how to square the circle“, LSE blog, 24 Νοεμβρίου Last week Euclid Tsakalotos gave a talk at the LSE discussing from his own experiences – as (the current) finance minister in Greece and as a lifelong Marxist – the difficulties that left-wing parties are faced with when governing under severe constraints. Σχετικές Αναρτήσεις Cowen, T. …Read More
Βιβλιοθήκη » Ελλάδα » Οικονομία » Πολιτική » Άρθρα Γνώμης
The Greek and Icelandic IMF programmes compared
Katsimi, Margarita, Zoega, Gylfi, (2015), “The Greek and Icelandic IMF programmes compared”, Voxeu, 19 Νοεμβρίου. Iceland and Greece were both seriously affected by the Global Crisis, yet their experiences with the implemented IMF programmes have been quite different. In Iceland the programme has been a success, whereas the one in Greece has been a failure. This column explains why this happened. First, Iceland’s external debt was de jure private, while Greece’s …Read More
Βιβλιοθήκη » EE » Ελλάδα » Οικονομία » Άρθρα Γνώμης
Pension Poor and Housing rich in Greece? A generational perspective argues for policy entrepreneurship
Tinios, Platon, (2015), “Pension Poor and Housing rich in Greece? A generational perspective argues for policy entrepreneurship”, LSE blog, 12 Νοεμβρίου The Greek crisis can be framed as an ageing narrative. Greece confronted dilemmas that all ageing societies are bound to face. For example, it was forced in June 2015 to choose between discharging a legal obligation – repaying the IMF– and an ethical obligation – paying pensions; ethics won …Read More
Βιβλιοθήκη » Ελλάδα » Κοινωνία » Οικονομία » Άρθρα Γνώμης
A More Ambitious Agenda Needed to Combat Greek Debt
Hyppolite, Paul-Adrien, Roussille, Nina, (2015), “A More Ambitious Agenda Needed to Combat Greek Debt”, Economonitor, 14 Νοεμβρίου. The July 12th euro area summit ended with a last minute agreement that avoided an imminent ‘Grexit’. Even before negotiating the third bailout program, the Greek government accepted several conditions imposed by its European partners. Among these, the most debated is the creation of a fund to monetize €50bn of public assets through privatizations and other means, …Read More
Βιβλιοθήκη » Ελλάδα » Οικονομία » Πολιτική » Άρθρα Γνώμης