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

16 Οκτωβρίου, 2015

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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

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The crossroad of reforms for the Greek public administration

12 Οκτωβρίου, 2015

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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

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Where is the credit crunch in Greece?

9 Οκτωβρίου, 2015

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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

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#aGreekment in the Twittersphere

7 Οκτωβρίου, 2015

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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

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Greece Without Illusions

6 Οκτωβρίου, 2015

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Varoufakis, Yanis, (2015), “Greece Without Illusions”, Project Syndicate, 5 Οκτωβρίου “The costliest minor government reshuffle in Greece’s history.” That is at least one way to describe the result of the Greek general election on September 20. Indeed, with few exceptions, the same ministers have returned to the same offices as part of an administration backed by the same odd pair of parties (the left-wing Syriza and the smaller right-wing Independent …Read More

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What’s Next for Greece?

29 Σεπτεμβρίου, 2015

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Park, Jeanne, (2015), “What’s Next for Greece?”, Interview of Eleni Panagiotarea in Council on Foreign Relations, 23 Σεπτεμβρίου With the Syriza party’s decisive victory in Greece’s snap elections on Sunday, Alexis Tsipras won his second term as prime minister less than a year after he first took office. Eleni Panagiotarea, research fellow at the Athens-based ELIAMEP think tank, says that while these results may restore a measure of political stability, …Read More

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Greek debt remains unsustainable: Here is why

28 Σεπτεμβρίου, 2015

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Lukkezen, Jasper, (2015), “Greek debt remains unsustainable: Here is why”, Voxeu, 24 Σεπτεμβρίου After 2018, Greece should have market access. This column argues that without further debt relief, this is unlikely to happen. Under reasonable assumptions, its debt ratio will likely not decline, and the financing burden will increase again. Private investors will take these risks into account and will ask for a risk premium that Greece cannot afford in the …Read More

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The Greek elections and the third bailout programme: Why it could work this time round

28 Σεπτεμβρίου, 2015

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Alcidi, Cinzia, Gros, Daniel, (2015), “The Greek elections and the third bailout programme: Why it could work this time round”, Ceps publications, 21 Σεπτεμβρίου Following the decisive victory won by the Syriza party in Greece’s general election on September 20th, this commentary explores the key question of whether the third bailout programme can work, where the previous two programmes failed. Whereas most observers argue that the third one cannot work because it merely …Read More

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Greek elections: How Syriza managed to sign a bailout agreement yet retain its support base

25 Σεπτεμβρίου, 2015

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Kiapidou, Nikoleta, (2015)), “Greek elections: How Syriza managed to sign a bailout agreement yet retain its support base”, LSE blog, 24 Σεπτεμβρίου On 20 September, the Greek people were asked to vote in a general election for the fourth time since 2009, after Prime Minister and Syriza leader Alexis Tsipras resigned on 20 August. Mr Tsipras’ resignation came after only seven months in office and was prompted by the rebellion …Read More

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No lessons learned

25 Σεπτεμβρίου, 2015

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Mody, Ashoka, (2015), “No lessons learned”, Bruegel publications, 23 Σεπτεμβρίου In November 2003, former German Finance Minister Hans Eichel explained why the “deal” between Greece and its creditors is virtually certain to fail. Fending off the pressure then on Germany for more fiscal austerity in an economic recession, Eichel wrote in a Financial Times op-ed: “A policy geared solely to attaining quantitative consolidation targets in the short term runs the …Read More

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