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Αποτελέσματα του stress test των Ελληνικών τραπεζών από την ΕΚΤ

Aggregate report on the Greek comprehensive assessment 2015 Press Release Press calls presentation: results overview Για επιπλέον σχετικό υλικό πατήστε εδώ.

What should be done with Greek banks to help the country return to a path of growth

Avgouleas, Emilios, Papadimitriou, Dimitri B., (2015), “What should be done with Greek banks to help the country return to a path of growth”, Levy Economics Institute of Bard College, 2015/6, Οκτώβριος The battered Greek banks will soon face another round of recapitalization, yet the prospects for a return to their precrisis role as liquidity providers to the economy are unlikely. In this context, it is imperative to remind the country’s creditors and the …Read More

The Pitfalls of External Dependence: Greece, 1829-2015

Reinhart M., Carmen, Trebesch, Christoph,  (2015), “The pitfalls of external dependence: Greece, 1829-2015”, Brookings Papers on Economic Activity, Σεπτέμβριος. Two centuries of Greek debt crises highlight the pitfalls of relying on external financing. Since its independence in 1829, the Greek government has defaulted four times on its external creditors, and it was bailed out in each crisis. We show that cycles of external crises and dependence are a perennial theme of …Read More

Three days to save the euro

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

Greece budget update – October

Merler, Sylvia, (2015), “Greece budget update – October”, Bruegel publications, 19 Οκτωβρίου While it has to be stressed that the targets considered in the budget execution bulletins are still those from the old 2015 budget (not the new targets under the new programme), this development is nevertheless an interesting reversal of previous tendencies. Σχετικές Αναρτήσεις Merler, Sylvia, (2015), “Greece budget update – September”, Bruegel publications, 22 Σεπτεμβρίου Merler, Sylvia, (2015), “Greece …Read More

On Structural Reforms and Debt Relief

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

Who’s to Blame for Greece?-Austerity in Charge of Saving a Broken Economy

Pelagidis, Theodore, Mitsopoulos, Michael, (2015), “Who’s to Blame for Greece?-Austerity in Charge of Saving a Broken Economy”, International Political Economy Series, Palgrave-Macmillan publications, Οκτώβριος The Euro constitutes the crowning achievement of a prolonged process of integration between European states. It incarnates the vision for a united and prosperous Europe: the attainment of major political goals through the promotion of closer economic cooperation. However, the 2009 crisis brought the EU head-to-head again with its …Read More

The crossroad of reforms for the Greek public administration

Makrydemetres, Anthony, D. Zervopoulos, Panagiotis, Eliana Pravita, Maria, (2015), ” The crossroad of reforms for the Greek public administration”, LSE blog, 9 Οκτωβρίου The reform of Greek public administration in order to enhance efficiency is a key recommendation put forth by the OECD. Efficient public administration ensures both the optimal utilisation of the resources engaged by public bodies and the allocation of excessive public funds to civil society or to activities promoting economic growth. The reform …Read More

Where is the credit crunch in Greece?

Gros, Daniel, (2015), “Where is the credit crunch in Greece?”, Ceps Commentary, 6 Οκτωβρίου Greek policy-makers like to make the point that their economy cannot recover because of a lack of credit and that this affects exports, in particular. Austerity is an easy explanation for the weakness of domestic demand, argues Daniel Gros in this CEPS Commentary, but it is more difficult to see why Greek exports have stagnated in …Read More

#aGreekment in the Twittersphere

Bauchowitz,  Stefan, Hänska, Max, (2015), “#aGreekment in the Twittersphere“, LSE blog, 6 Οκτωβρίου To what extent does twitter provide a platform for the emergence of a European public sphere? Around 47% of Europeans use social media at least once a week, making it a potentially important source of information and a promising platform for debate. Indeed, it has sometimes been suggested that the interactive affordance of social media may provide the ideal platform for a …Read More