Gordon, Jeffrey, Ringe, Georg, (2015), “Greece and the missing banking union”, Voxeu, 17 Ιουλίου The Greek Crisis is a crisis rather than a problem due to the vulnerability of Greek banks. While the banks have deep problems, this column argues that these would have been mitigated if a fully operational banking union were in place. A full banking union requires joint banking supervision, joint bank resolution, and joint deposit insurance. The EZ only …Read More
Reforming Greece
Campos, Nauro, Coricelli, Fabrizio, (2015), “Reforming Greece”, Voxeu, 17 Ιουλίου Greece’s reluctance to implement ‘the structural reforms required for debt sustainability’ is a recurrent theme in the debate on the EZ Crisis. This column qualifies this conventional wisdom by reassessing the relationship between Greece and the EU over the past four decades. Although Greece has implemented structural reforms that were substantial enough to bring about a turning point in its relationship with …Read More
Greece: On the Gredge, A Greek exit from the euro may soon become inevitable
Greece: On the Gredge, A Greek exit from the euro may soon become inevitable, The Economist, 25 Απριλίου 2015. Eventually every long-running drama, from “Downton Abbey” to “Dr Who”, feels formulaic. So it is with Greece’s debt saga. For five years it has followed a wearily familiar script of unpayable debts, aborted reforms and 11th-hour compromises that let the country stagger on inside the single currency. That history has …Read More
Will this time be different for Greece? How to assess its ability to deliver on the reform agenda
Beblavý, Μ. (2015) “Will this time be different for Greece? How to assess its ability to deliver on the reform agenda“, Centre for European Policy Studies (CEPS) Commentary, 13 Μαρτίου. Τhis commentary was inspired by the ongoing debate on whether this time will be different for Greece and whether Syriza will deliver on its reform promises to the European partners. It is striking thatthe public debate on such an …Read More
The Greek Surge against Austerity: A Blessing or a Curse for the Eurozone?
Panagiotarea, Eleni (2015) “The Greek Surge against Austerity: A Blessing or a Curse for the Eurozone?“, Heinrich-Böll-Stiftung – European Union, 08 Απριλίου 2015. Syriza’s advent of power was supposed to seriously challenge the eurozone’s austerity orthodoxy and put an end to an economic adjustment programme, which saw Greece’s GDP fall by 25 per cent and unemployment rise by 26 per cent. The radical-left populist party was instrumental in exploiting …Read More
Χτίζοντας φορολογική κουλτούρα
Ψαλλίδας, Μιχάλης, “Χτίζοντας φορολογική κουλτούρα“, Crowdpolicy Blog, 22 Μαρτίου 2015. Προτεραιότητα της κάθε πολιτικής ηγεσίας διαχρονικά είναι η καταπολέμηση της φοροδιαφυγής. Ομοίως, ο σημερινός Υπουργός Οικονομικών σε πρόσφατη συνέντευξή του ανέφερε ως πρώτη προτεραιότητα της κυβέρνησης την καταπολέμηση της φοροδιαφυγής. Σύμφωνα με στοιχεία του ΟΟΣΑ για το 2009 το μέγεθος της ελληνικής μαύρης οικονομίας ήταν περίπου 65 δις ευρώ με διαφυγόντες φόρους περίπου 20 δις ευρώ. Φαίνεται επικερδής η …Read More
Greece requires political reform as much as structural reform of its economy
Tsekeris, C. (2015) “Greece requires political reform as much as structural reform of its economy“, LSE EUROPP, 07 Απριλίου. The Greek government and its creditors have still not reached an agreement on the release of further financial assistance to the country, despite fears growing over the state of Greece’s finances ahead of a scheduled loan repayment to the IMF on 9 April. Charalambos Tsekeris writes that while the discussions …Read More
Greece And Other Benefit Scroungers
Wren-Lewis, S. (2015) “Greece And Other Benefit Scroungers“, Social Europe Journal, 30 Μαρτίου. Whenever I write a post critical of German views on Eurozone policy, I get comments which can be paraphrased in the following way. Greece (and maybe other Eurozone countries) are incapable of governing themselves properly, and when they get into difficulties Germany has to bail them out, so it is only reasonable that as a price …Read More
Destroying the Greek economy in order to save it – European authorities are using dirty tactics to bring Greece to heel
Mark Weisbrot, Destroying the Greek economy in order to save it – European authorities are using dirty tactics to bring Greece to heel, Al Jazeera America, 30 Μαρτίου 2015. There is a tense standoff right now between the Greek government and the so-called troika — the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF). ECB President Mario Draghi went so far this week as …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 Μαρτίου. 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