Minenna, Marcello, (2015), “New Countdown For Greece: A Bank Bail-in Is Looming”, Social Europe, 4 Νοεμβρίου. The debt crisis may no longer be in the spotlight but the financial situation in Greece remains complex. Greek banks continue to survive at the edge of bankruptcy, kept afloat only by Emergency Liquidity Assistance (ELA) from the ECB and by still-enforced capital controls. After the August “agreement”, the Troika has promised the Greek government €25 billion …Read More

Παλαιολόγος, Γιάννης, (2015), “Δύο αιώνες μνημόνια για την Ελλάδα”, Εφημερίδα Η ΚΑΘΗΜΕΡΙΝΗ, 1 Νοεμβρίου. Εύγλωττες ομοιότητες μεταξύ της τρέχουσας ελληνικής κρίσης και των προηγούμενων τριών επεισοδίων κρατικής χρεοκοπίας στη νεότερη ιστορία της Ελλάδας αποκαλύπτει νέα επιστημονική εργασία των Κάρμεν Ράινχαρτ (Harvard) και Κρίστοφ Τρεμπές (Πανεπιστήμιο του Μονάχου), που παρουσιάστηκε στα μέσα Σεπτεμβρίου σε συνέδριο του ινστιτούτου Brookings στις Ηνωμένες Πολιτείες. Σχετικές Αναρτήσεις Βασιλάκη, Χριστίνα, (2015), “Σε τροχιά αξιολόγησης η υλοποίηση του …Read More

Traynor, Ian, (2015), “Three days to save the euro”, The Guardian, 22 Οκτωβρίου 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 …Read More

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

Lukkezen, Jasper, (2015), “Greek debt remains unsustainable: Here is why”, Voxeu, 24 Σεπτεμβρίου After 2018, Greece should have market access. This column argues that without further debt relief, this is unlikely to happen. Under reasonable assumptions, its debt ratio will likely not decline, and the financing burden will increase again. Private investors will take these risks into account and will ask for a risk premium that Greece cannot afford in the …Read More

Mody, Ashoka, (2015), “No lessons learned”, Bruegel publications, 23 Σεπτεμβρίου In November 2003, former German Finance Minister Hans Eichel explained why the “deal” between Greece and its creditors is virtually certain to fail. Fending off the pressure then on Germany for more fiscal austerity in an economic recession, Eichel wrote in a Financial Times op-ed: “A policy geared solely to attaining quantitative consolidation targets in the short term runs the …Read More

Piketty, Thomas, (2015), “Thomas Piketty Responds To Surprise Greek Election Result”, Social Europe Journal, 22 Σεπτεμβρίου In the wake of a surprise re-election of Alexis Tsipras and Syriza, Thomas Piketty discusses the need for a more active approach from European leaders when it comes to the Greek question – and for a eurozone parliament to be established. Σχετικές Αναρτήσεις Interview with Thomas Piketty: “The myth of national sovereignty helps big …Read More