At the last review in May 2014, Greece’s public debt was assessed to be getting back on a path toward sustainability, though it remained highly vulnerable to shocks. By late summer 2014, with interest rates having declined further, it appeared that no further debt relief would have been needed under the November 2012 framework, if the program were to have been implemented as agreed. But significant changes in policies since …Read More
Την Παρασκευή 26 Ιουνίου, ο πρωθυπουργός Αλέξης Τσίπρας, επιστρέφει από τις Βρυξέλλες, έχοντας συγκαλέσει έκτακτο κυβερνητικό συμβούλιο για το βράδυ της ίδιας μέρας. Μετά τη λήξη του κυβερνητικού συμβουλίου, ο πρωθυπουργός με διάγγελμά του ανακοίνωσε τη διεξαγωγή δημοψηφίσματος σχετικά με τις προτάσεις των θεσμών, για την Κυριακή 5 Ιουλίου 2015. Όπως υποστήριξε ο πρωθυπουργός η πρόταση των θεσμών διογκώνει τις ανισότητες και παραβιάζει το κοινωνικό κεκτημένο, επιρρίπτοντας, παράλληλα, ευθύνες προς …Read More
Wolff, Guntram, (2015), “Euro area governance: an assessment of the “five presidents” report”, Bruegel publications, 25 Ιουνίου European Commission President Juncker has published the long-awaited report prepared in collaboration with the presidents of the European Council, the Eurogroup, the European Central Bank and the European Parliament. The aim of the report is to prepare a roadmap for the completion of EMU, which is “not an end in itself” but a …Read More
Park, Jeanne, (2015), “Issue Guide: Greece’s Debt Crisis”, Analysis Brief, Council on Foreign Relations, 18 Ιουνίου Five years after the onset of its sovereign debt crisis, Greece once again finds itself on the precipice of default and a departure from the nineteen-member eurozone. This reading list provides expert background and analysis of the crisis. Σχετικές Αναρτήσεις De Grauwe, Paul, (2015), “Greece is solvent but illiquid: What should the ECB do?”, …Read More
Orsi, Roberto, (2015), “The Politics of the Humanitarian Crisis in Europe”, LSE blog, 15 Ιουνίου In the light of the above, the abnormity of the ongoing human trafficking in the Mediterranean starts to appear as one of the most serious political, criminal, and intellectual blunders in recent European history. The most remarkable element is the almost inexplicable, wide gulf between its media-enhanced image, and what slightly more informed narratives can …Read More
Την περίοδο που συντάχθηκε η παρούσα έκθεση οι εξελίξεις ήταν ιδιαίτερα πυκνές, κυρίως όσον αφορά τις διαπραγματεύσεις για την επίτευξη της συμφωνίας χρηματοδοτικής στήριξης. Σήμερα, οι διαπραγματεύσεις δεν έχουν τελεσφορήσει ακόμη. Όπως έχει ήδη εκτιμήσει η Τράπεζα της Ελλάδος στην Έκθεση του Διοικητή για το 2014, η σύναψη μιας νέας συμφωνίας με τους εταίρους είναι απαραίτητη προκειμένου να αποσοβηθούν οι άμεσοι κίνδυνοι που υπάρχουν σήμερα για την οικονομία, να περιοριστεί …Read More
Karakitsios, Alexandros, “Minimum Wage Effects on Employment and Changes in the Wage Distribution in Greece”, LSE-European Institute, Μάιος 2015 This paper is a preliminary analysis of the employment effects of the minimum wage cut adopted in 2012 and the corresponding age-based differentiation for workers above and below 25 years old. The analysis is constrained on full-time private sector workers of two substitute age groups, i.e. 20-24 and 25-29 years old. It …Read More
Tsekeris, Charalambos, Kaberis, Nikos, Pinguli, Maria, (2015), “The Self in Crisis: The Experience of Personal and Social Suffering in Contemporary Greece”, GreeSE Paper No.92, Hellenic Observatory Papers on Greece and Southeast Europe, Ιούνιος 2015 The current Greek crisis is not only financial or economic, but also political, and touches on deeply entrenched social and cultural values and processes. Obviously, the Greek society is in a fluid and prolonged state of suffering, precariousness, and transition. But the same applies …Read More
Bulow, J. & Rogoff, K., (2015), “Why sovereigns repay debts to external creditors and why it matters”, Voxeu, 10 Ιουνίου. With Greece on the edge and Argentina confronting adverse legal decisions, thinking about sovereign default is a front-burner issue. This column discusses how recent experience casts light on relative merits of the two main conceptual approaches to modelling sovereign lending and default – the reputation approach and the punishment approach. …Read More
Bulow, J. & Rogoff, K., (2015), “The modern Greek tragedy”, Voxeu, 10 Ιουνίου. The conventional wisdom in Greece is that the nation has suffered years of excessive, Troika-imposed austerity in a short-sighted effort to extract maximum repayment. This column argues that, in fact, Greece was a net receiver of Troika funds from 2010 to mid-2014, with a modest reverse flow since Greece stalled on its reforms. Both sides have negotiated …Read More
