This site is for archive purposes. Please visit www.eliamep.gr for latest updates
Go to Top

Βιβλιοθήκη

The Greek bailout drama: Is this time different?

Pelagidis, Theodore, (2015), “The Greek bailout drama: Is this time different?”, Brookings Institute, 27 Ιουλίου Economists and analysts around the world, believing a Grexit almost inevitable just a month ago, now insist that the proposed deal between the Greek government and the creditors is only band aid for Greece’s economy and so, it will not work. Well, of course, after five years of depression, having the troika back in Athens to …Read More

Greece Isn’t a Morality Tale

Buchanan, Mark, (2015), “Greece Isn’t a Morality Tale”, Bloomberg View, 29 Ιουλίου One of the more troubling elements of the recent drama over Greece’s debt was the urge by many to see a deficiency of national character, rather than euro-zone economics, as the problem. Right-leaning opinion, not only in Germany but around the world, put the trouble down to Greek corruption and, worse, laziness:  The bad people of Greece retire too …Read More

The Lethal Deferral of Greek Debt Restructuring

Varoufakis, Yanis, (2015), “The Lethal Deferral of Greek Debt Restructuring”, Project Syndicate, 28 Ιουλίου The point of restructuring debt is to reduce the volume of new loans needed to salvage an insolvent entity. Creditors offer debt relief to get more value back and to extend as little new finance to the insolvent entity as possible. Remarkably, Greece’s creditors seem unable to appreciate this sound financial principle. Where Greek debt is …Read More

Escaping the Greek Debt Trap

Eichengreen, Barry, Evans, Gary, Αllen, Peter, (2015), “Escaping the Greek Debt Trap”, Βloomberg View,  27  Ιουλίου Greece’s debt is unsustainable. The International Monetary Fund has said so, and it’s hard to find anyone who disagrees. The Greek government sees structural reform without debt reduction as politically and economically toxic. The main governing party, Syriza, has made debt reduction a central plank of its electoral platform and will find it hard to hold on …Read More

Η Ελληνική Οικονομία 2/15, Τριμηνιαία Έκθεση

Ίδρυμα Οικονομικών και Βιομηχανικών Ερευνών (ΙΟΒΕ), Η Ελληνική Οικονομία 2/15, Τριμηνιαία Έκθεση, Αρ. Τεύχους 80, Ιούλιος 2015. Η δημοσίευση της τριμηνιαίας έκθεσης του ΙΟΒΕ βρίσκει την ελληνική οικονομία βαρύτατα τραυματισμένη. Έχοντας γλυτώσει, μόλις για λίγο, από την καταστροφική εξέλιξη που θα συνεπαγόταν μια ανεξέλεγκτη χρεοκοπία και έξοδος από την ευρωζώνη, πλέον αναζητά επειγόντως κατεύθυνση και μια νέα πορεία. Ασφαλώς αυτή θα προσδιοριστεί κατευθείαν από τις επιλογές της οικονομικής πολιτικής. Οι συνθήκες για μια θετική πορεία ανάπτυξης υπάρχουν, …Read More

Eurozone rebalancing toward broadbased recovery/EY Eurozone Forecast

The immediate economic outlook for Greece continues to be highly uncertain. Although the Syriza-led Government agreed an extension to the existing adjustment program in February, the Greek government and its international creditors have so far failed to agree a reform agenda that would secure the release of much-needed financing. Eurozone rebalancing toward broadbased recovery/EY Eurozone Forecast/June 2015 Σχετικές Αναρτήσεις Van Hulten, Michiel, (2015), “Why debt relief could save Greece but would destroy the Eurozone”, LSE blog, …Read More

The Myth Of The EU’s €35bn Investment Package For Greece

Kühnlenz, Andre, (2015), “The Myth Of The EU’s €35bn Investment Package For Greece”, Social Europe Journal, 21 Ιουλίου We can all recall an enthusiastic Commission President Jean-Claude Juncker. Shortly before negotiations with Greece broke off at the end of June he supposedly promised Alexis Tsipras an investment package worth €35bn. At first glance this sounded pretty generous, particularly for a country in which, since 2010, the stock of capital has …Read More

Five Lessons on Greece

Dabrowski, Marek, (2015), “Five Lessons on Greece”, Bruegel publications, 17 Ιουλίου The agreement reached at the Eurosummit in the early hours of on July 13[1] marks yet another dramatic turning point in the five-year history of attempts to avoid Greece’s sovereign default and its potential exit from the euro area. It is too early to say whether it will be successful or not. Many important details such as fiscal targets, …Read More

Greece should prepare for Grexit and then not do it

Wyplosz, Charles, (2015), “Greece should prepare for Grexit and then not do it”, Voxeu, 20 Ιουλίου There is a high likelihood that Grexit will be back on the table. This column argues that Greece can strengthen its negotiating position if it is prepared for exit. Grexit remains a disastrous choice, but it has become the default option for Greece and its creditors. However, preparing for Grexit does not mean leaving the …Read More

Why debt sustains corruption in Greece and vice versa

Koulovatianos, Christos, Tsoukalas,  John, (2015), “Why debt sustains corruption in Greece and vice versa”, Voxeu, 20 Ιουλίου As numerous Greek MEPs opposed the Eurozone summit deal, implementation will require a broad coalition of political parties. This column argues that corruption in Greek politics will prevent the formation of such a coalition. The heavy debt service leads parties to invent extreme ways of responding to super-austerity and to strongly oppose direct reforms that …Read More