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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 Μαρτίου.   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 Μαρτίου.   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

Will the “troika” return to Athens?”

Spiegel, P. (2015) “Will the “troika” return to Athens?”, Financial Times, 09 Μαρτίου.   Among the issues plaguing deliberations over the way forward on Greece’s bailout is how the country’s international creditors can verify its economic and fiscal situation without sending monitors to Athens– which would look very much like the return of the hated “troika”. Alexis Tsipras, the new Greek prime minister, has declared the death of the troika …Read More

Greece goes back into depression – having never left it

Mitchell, B. (2015) “Greece goes back into depression – having never left it“, Bill Mitchell Blog, 07 Μαρτίου.   Last Friday (March 6, 2015), Eurostat unveiled the latest – National Accounts estimates for the fourth-quarter 2014. All the Greek news this week will be about the – Letter – that the Greek Finance Minister sent to the president of the Eurogroup, in which he outlined 7 reform proposals. But it …Read More

The Greek Crisis: Time to Rethink the Concept of “Money

Auerback, M. (2015) “The Greek Crisis: Time to Rethink the Concept of “Money“, Institute for New Economic Thinking, 07 Μαρτίου.   As the economies of Europe stagger, and Greece in particular staggers under the weight of a depression exceeding in scale the devastation of the 1930s,  it appears difficult to see a way out of this agonizing cycle of repeated financial meltdowns. In fact, there are  creative ways to solve …Read More

Sovereign default and debt restructuring: Was Argentina’s ‘haircut’ excessive?

Edwards, S. (2015) “Sovereign default and debt restructuring: Was Argentina’s ‘haircut’ excessive?“, VoxEU Organisation, 04 Μαρτίου.   There were 24 sovereign defaults and debt restructurings between 1997 and 2013. Using data on 180 debt restructurings – for both sovereign bonds and sovereign syndicated bank loans – this column argues that the roughly 75% ‘haircut’ Argentina imposed on its creditors in 2005 was an outlier. Greece’s ‘haircut’ of roughly 64% in …Read More

Η μεταστροφή του ΣΥΡΙΖΑ – Η λιτότητα είναι εδώ για να μείνει;

Καλύβας, N. Σ. (2015) “Η μεταστροφή του ΣΥΡΙΖΑ – Η λιτότητα είναι εδώ για να μείνει;“, Foreign Affairs Hellenic Edition, 03 Μαρτίου.   Περίληψη:  Η Ελλάδα και οι Ευρωπαίοι εταίροι της αναμένεται να επιτύχουν μια μακροπρόθεσμη συμφωνία για την χρηματοδότηση της χώρας, μέχρι τον Ιούνιο. Ο ΣΤΑΘΗΣ Ν. ΚΑΛΥΒΑΣ είναι καθηγητής Πολιτικών Επιστημών στην έδρα Arnold Wolfers και διευθυντής στο Program on Order, Conflict, and Violence στο Πανεπιστήμιο Yale. Το …Read More

The end of fiscal waterboarding?

Gros, D. (2015) “The end of fiscal waterboarding?“, Economic Policy, CEPS Commentaries, 23 Φεβρουαρίου.   In this Commentary, Daniel Gros argues that linking the primary surplus demanded of the new Greek government to the state of the economy is a sound approach. Some flexibility is warranted on this account, but the concept should be used to distribute the effort better over time, not to wriggle out of it.   Σχετικές …Read More

Assessing Syriza’s first month in office: why Greece remains a long way from a break with austerity

Exadaktylos, T. (2015) “Assessing Syriza’s first month in office: why Greece remains a long way from a break with austerity“, LSE EUROPP, 03 Μαρτίου.   The new Greek government, led by the Coalition of the Radical Left (Syriza), won power on 25 January. Theofanis Exadaktylos assesses the government’s first month in office. He notes that while Syriza won the election with a commitment to renegotiate the country’s bailout agreement, the …Read More

Greece’s stance against crippling austerity is a fight to save all Europe

Weisbrot, M. (2015) “Greece’s stance against crippling austerity is a fight to save all Europe“, Tribune News Service, 26 Φεβρουαρίου.   Greece has been dragged through a lot of mud in the media over the past few years because previous governments over-borrowed, and that contributed to the initial crisis that – we should remember – Spain, Portugal, Italy and almost everyone else in the Eurozone had to go through. But …Read More