Darvas, Z. & Hüttl, P. (2015) “How to reduce the Greek debt burden? – There are options to reduce the net present value of Greek public debt servicing costs by more than 15 percent of GDP without incurring losses on creditors, Bruegel Institute Analyses, 09 Ιανουαρίου.   The Greek debt reduction issue has been put back on the table as the 25 January 2015 parliamentary snap elections are approaching. Already in …Read More

Mitchell, B. (2014) “Greece – two alternative views“, Bill Mitchell Blog, Modern Monetary Theory… Macroeconomic Reality, 24 Δεκεμβρίου.   When I was in Europe recently, I had interesting discussions about the future of Italy, Greece and Spain with various people, particularly in relation to trying to understand the apparent dissonance between the strong support for the euro and the devastation that membership of the common currency has created in these …Read More

Λυμπεράκη, Α. & Τήνιος, Π. (2014) “Απολογισμός μιας πενταετίας κρίσης: ΤΙΝΑ και ξεΤΙΝΑ“, The Athens Review of Books – Αθηναϊκή Επιθεώρηση του Βιβλίου, 01 Δεκεμβρίου.   Από τι θα κριθούν και τι θα κρίνουν οι επόμενες εκλογές; Όσο και να προσπαθούν τα παραπολιτικά να μας πείσουν για συνωμοσίες και κρυφούς άσσους, οι εκλογές θα κριθούν από καθαρές απαντήσεις στα μεγάλα θέματα. Αυτά, δηλαδή, που αντιμετωπίζονται με μισόλογα και υπεκφυγές στον …Read More

Pisani-Ferry, J. (2014) “How to climb a mountain with both hands tied“, VoxEU Organisation, 07 Νοεμβρίου.   A triple-dip recession in the Eurozone is now a distinct possibility. This column argues that additional monetary stimulus is unlikely to be effective, that the scope for further fiscal stimulus is limited, and that some structural reforms may actually hurt growth in the short run by adding to disinflationary pressures in a liquidity …Read More