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
Κέντρο Προγραμματισμού και Οικονομικών Ερευνών (ΚΕΠΕ) Οικονομικές Εξελίξεις, Τετραμηνιαία Έκδοση του ΚΕΠΕ, Τεύχος 26, Φεβρουάριος 2015. Το τεύχος 26 του περιοδικού του ΚΕΠΕ Οικονομικές Εξελίξεις βρίσκει τη χώρα σε νέα εποχή, με νέα κυβέρνηση και νέους μακροοικονομικούς προσανατολισμούς. Ως επιστημονικό περιοδικό, αλλά και ως ερευνητικό ίδρυμα με έμπειρο επιστημονικό δυναμικό και με θεσμικό ρόλο συμβουλευτικό της Κυβέρνησης, είμαστε εδώ για να παρέχουμε έγκυρη οικονομική ανάλυση, να αναδεικνύουμε τα …Read More
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
ΤτΕ: Έκθεση του Διοικητή για το Έτος 2014, προς την Ετήσια Τακτική Γενική Συνέλευση των Μετόχων στις 26 Φεβρουαρίου 2015, Τράπεζα της Ελλάδος – Ευρωσύστημα, Φεβρουάριος 2015. Έκθεση του Διοικητή κ. Γιάννη Στουρνάρα με Εντολή του Γενικού Συμβουλίου επί του Ισολογισμού της 31ης Δεκεμβρίου 2014 προς την Ετήσια Τακτική Γενική Συνέλευση των Μετόχων I ΑΠΟΛΟΓΙΣΜΟΣ ΧΡΗΣΕΩΣ 2014 1 ΑΠΟΤΕΛΕΣΜΑΤΑ ΧΡΗΣΕΩΣ 2014 Τα κέρδη της Τράπεζας στη χρήση 2014 …Read More
Jerry, J. (2015) “‘Foreign’ Money and ‘Austerity’ Haven’t Caused Greek Stagnation“, Real Clear Markets News Site, 26 Φεβρουαρίου. The on-going “Greek Financial Crisis” is chock full of lessons about the nature of the entity that serves the functions of money in an economy. Historically, people have chosen to use as money everything from notched wooden sticks to metal coins to pieces of paper printed by governments. When alternatives have …Read More
Michael Hudson says Greece’s Finance Minister Varoufakis is proposing austerity on the banking class rather than on the working class to balance the budget. SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. The four-month extension secured by the Greek finance minister, Yanis Varoufakis, on Friday came with the condition that Greece provide a list of measures to quell …Read More
Wren-Lewis, S. (2015) “Greece and primary surpluses“, Mainly Macro Blog, 24 Φεβρουαρίου. In my simple guide to the current macroeconomic position of Greece, I said that a major mistake made by the Troika was to insist on a pace of fiscal adjustment that was far too fast. It led to a collapse in the economy. Of course a collapse in the economy itself raises the deficit. So people who …Read More
Sabri Öncü, T. (2015) “Greece, Its International Creditors and the Euro“, Naked Capitalism Blog, 17 Φεβρουαρίου. Yves here. This is an excellent background piece on how Greece got where it is and how its various bailouts were structured. It also helps explain the past and current roles the various members of the Troika play and discusses the prospects for Greece achieving its aims. By T ([email protected]), a financial economist …Read More
Darvas, Z. (2015) “The maths behind an amended Greek plan – additional ESM financing would allow the Greek primary surplus to be lowered to 3% of GDP“, Bruegel Institute, 11 Φεβρουαρίου. Last week I published my assessment of Greek Finance Minister Yanis Varoufakis’ draft plan, and promised to do some calculations to illustrate its impacts. Mr Varoufakis abandoned the earlier haircut demand of Syriza that I welcomed as a …Read More
Cook, C. (2015) “Greece – a Varoufakis Conversion“, Pieria Online, 06 Φεβρουαρίου. Greece’s new Syriza government has two major economic challenges to address: a Resolution of Greece’s unsustainable debt burden followed by a Transition to a long term sustainable economy. Conventional resolution of sovereign debt is a debt for debt swap: replacing existing debt with new debt which requires a smaller percentage of Greece’s national income and resources to …Read More
