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A Greek Way Out?

Gros, D. (2015) “A Greek Way Out?“, Economic Policy: Commentaries, Centre for European Policy Studies, 05 Φεβρουαρίου.   In his analysis of the basic compromise that is emerging between the new left-wing government of Greece and its European partners, Daniel Gros emphasises that the key element will be how the real problem, namely liquidity, is dealt with.   Σχετικές αναρτήσεις: Stockman, D. (2015) “History In the Balance: Why Greece Must …Read More

A Greek Morality Tale

Stiglitz, J. (2015) “A Greek Morality Tale“, Social Europe Journal, 04 Φεβρουαρίου.   When the euro crisis began a half-decade ago, Keynesian economists predicted that the austerity that was being imposed on Greece and the other crisis countries would fail. It would stifle growth and increase unemployment – and even fail to decrease the debt-to-GDP ratio. Others – in the European Commission, the European Central Bank, and a few universities …Read More

Πιθανά Φορολογικά Οφέλη από την Επιτάχυνση της Οικονομικής Ανάπτυξης

Ταγκαλάκης, Α., “Πιθανά Φορολογικά Οφέλη από την Επιτάχυνση της Οικονομικής Ανάπτυξης“, στο Οικονομικό Δελτίο, Τεύχος 40, Τράπεζα της Ελλάδος: Ευρωσύστημα, Δεκέμβριος 2014.   Η Ελλάδα έχει σημειώσει εντυπωσιακή πρόοδο σε δημοσιονομικό επίπεδο τα τελευταία χρόνια. Ειδικότερα το 2013 επιτεύχθηκε πρωτογενές πλεόνασμα (σε όρους του Προγράμματος Οικονομικής Προσαρμογής–ΠΟΠ) ύψους 1,2% του ΑΕΠ (έναντι στόχου στο ΠΟΠ για μηδενικό πρωτογενές αποτέλεσμα) για πρώτη φορά από το 2002. Επιπλέον, το πρωτογενές αποτέλεσμα βελτιώθηκε …Read More

History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro

Stockman, D. (2015) “History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro“, David Stockman’s Contra Corner Blog, 02 Φεβρουαρίου.   Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment. For its part, Greece stands at a fork in the road. Syriza can move aggressively to recover Greece’s …Read More

Who’s Unreasonable Now?

Krugman, P. (2015) “Who’s Unreasonable Now?“, The New York Times, 02 Φεβρουαρίου.   OK, so as I understand the latest from the new Greek government, Yanis Varoufakis is saying that he and his colleagues don’t care what happens to the headline value of the debt — if you want to claim that there has been no write-off, OK. What they want instead is substantive but not outrageous relief from the …Read More

Groundhog Day in Greece

Beck, Τ. (2015) “Groundhog Day in Greece, VoxEU Organisation, 02 Φεβρουαρίου.   The Greek-Troika conflict is roiling markets, boardrooms and cabinet offices around the world.  Crises are best solved by recognising losses, allocating them and moving on, so the biggest risk, this column argues, is that a compromise kicks the can further down the road.  As the can rolls on, the scenery becomes politically and socially less attractive – fuelling …Read More

Is SYRIZA just another Greek party that does not know what to do?

Moumoutzis, K. (2015) “Is SYRIZA just another Greek party that does not know what to do?“, Europe on the Strand Blog, 01 Φεβρουαρίου.   Less than a week after SYRIZA’s (Coalition of the Radical Left) electoral victory, uncertainty regarding the newly formed Greek government’s economic policy has increased. In a statement emailed to Bloomberg News, Greek Prime Minister Alexis Tsipras said: ‘we need time to breathe and create our own …Read More

Will Syriza’s Victory in Greece Mean Easing Austerity?

Wright, Τ. (2015) “Will Syriza’s Victory in Greece Mean Easing Austerity?“, Newsweek, 29 Ιανουαρίου.   At the weekend, Syriza and its leader Alexis Tsipras won a clear victory in the Greek elections and have formed a coalition government with the small right-wing party Independent Greeks, which is also anti-austerity and anti-bailout. Tsipras has a clear mandate to renegotiate Greek debt and its relationship with the European Central Bank (ECB). Much …Read More

Tsipras’s Debt Plan Sends Athens Stock Market Sliding

Aldermanjan, L. (2015) “Tsipras’s Debt Plan Sends Athens Stock Market Sliding“, The New York Times – International Business, 28 Ιανουαρίου.   Investors made clear on Wednesday the depth of their concerns about Greece’s new leftist-led government, driving up its borrowing costs, pushing down stock prices and highlighting the risks in the country’s banking system. Despite some soothing words from Prime Minister Alexis Tsipras, who at the first meeting of his …Read More

How Greece Could Change the Future of Europe

Weisbrot, M. (2015) “How Greece Could Change the Future of Europe“, Vice News, Opinion & Analysis, 28 Ιανουαρίου.   The Syriza party’s big win in Greece’s legislative election last weekend is a turning point in the long political fight over Europe’s botched recovery from the financial crisis and world recession of 2008-2009. The occasion presents a milestone for the eurozone, which has been plagued by mass unemployment and economic stagnation, …Read More