Eurobank (2014) “What Explains the Rise in Non-Performing Loans (NPLs) in the Euro Area following the Outbreak of the Global Financial Crisis: Greece Case Study“, Eurobank Global Markets Research, Greece Macro-Monitor, 14 Φεβρουαρίου. Preface The present study utilizes a number of empirical methodologies to explain the evolution of NPLs in a large group of advanced and emerging market economies in the period before and after the global financial crisis, …Read More
How much is enough? The case of the Resolution Fund in Europe
Huertas, T. & Nieto, J. M. (2014) “How Much is Enough? The Case of the Resolution Fund in Europe“, Vox: Research-Based Policy Analysis & Commentary from Leading Economists, 18 Μαρτίου. The European Resolution Fund is intended to reach €55 billion – much less than the amount of public assistance required by individual institutions during the recent financial crisis. This column argues that the Resolution Fund can nevertheless be large …Read More
Ελληνική Οικονομία: Μηνιαίο Δελτίο Οικονομικών Εξελίξεων
Κέντρο Προγραμματισμού και Οικονομικών Ερευνών–ΚΕΠΕ (2014) “Ελληνική Οικονομία: Μηνιαίο Δελτίο Οικονομικών Εξελίξεων“, Νο.2, Φεβρουάριος, Αθήνα. Στο παρόν τεύχος της Ελληνικής Οικονομίας γίνεται μια επισκόπηση των βασικότερων οικονομικών εξελίξεων στην Ελλάδα και παρουσιάζονται τρία άρθρα που πραγματεύονται τη σημαντικότητα της εξωστρέφειας και των επενδύσεων. Συγκεκριμένα, στο πρώτο άρθρο παρουσιάζονται αναλυτικά τα συγκριτικά πλεονεκτήματα της ελληνικής οικονομίας σε επίπεδο εξαγώγιμων αγαθών και υπηρεσιών. Το δεύτερο άρθρο σκιαγραφεί την πορεία των άμεσων …Read More
EU Launches Long-Awaited Overhaul of Megabank Regulation
Spellman, J. (2014) “EU Launches Long-Awaited Overhaul of Megabank Regulation“, The European Institute, EI Blog, Ιανουάριος. The European Union’s long-delayed overhaul of megabank regulation now proposes curtailing or banning the riskiest financial activities in hopes of avoiding a repeat of the 2007-2009 global financial system meltdown. Until now, the post-crisis EU banking reforms had not acted to rein in “too big to fail” banks, focusing instead on establishing a …Read More
Future of Skills in Europe: Convergence or Polarisation?
Beblavý, M. & Veselkova, Μ. (2014) “Future of Skills in Europe: Convergence or Polarisation?“, Social Welfare Policies, CEPS Working Documents, 27 Φεβρουαρίου. In this Working Paper, based on nearly 20 papers produced by the Centre for European Policy Studies, Slovak Governance Institute and the Conference Board Europe, we examine whether the current trends in the areas of education and skills are pushing the European Union, towards convergence or polarisation. …Read More
Promoting the Social Economy as a Driver for Inclusive Growth and Social Progress
Schneider, E. M. & Laino, E. (2014) “Promoting the Social Economy as a Driver for Inclusive Growth and Social Progress“, SOLIDAR: Together for Social Europe, Briefing 64, Μάρτιος. The social economy is an essential pillar of the European social model and its actors play an important role in maintaining social services and in overcoming economic and social crises; in recent years 3.5 million new jobs have been created in …Read More
Debt-for-equity swaps offer Greece a better way
Allen, P., Eichengreen, B. & Evans, G. (2014) “Debt-for-equity swaps offer Greece a better way“, VOX EU Organisation, 28 Φεβρουαρίου. Greece needs debt reduction. This column argues that instead of offering another lengthening of maturities and reduction in interest rates, Eurozone leaders should seize the occasion and implement debt-for-equity swaps that would encourage foreign investment, speed privatisation and jumpstart the Greek economy. Last week, Eurogroup finance ministers in their …Read More
Implementation of the Macroeconomic Adjustment Programmes in the Euro Area: State-of-Play
Gros, D., Alcidi, C., Belke, A. Coutinho, L. & Giovannini, A. (2014) “Implementation of the Macroeconomic Adjustment Programmes in the Euro Area: State-of-Play“, Economic Policy, CEPS Paperbacks, 11 Μαρτίου. Two of the four macroeconomic adjustment programmes – in Portugal and Ireland – can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on …Read More
ΕΛΣΤΑΤ: ΕΡΕΥΝΑ ΕΡΓΑΤΙΚΟΥ ΔΥΝΑΜΙΚΟΥ: Δ’ Τρίμηνο 2013
Ελληνική Στατιστική Αρχή (2014) “Δελτίο Τύπου – Έρευνα Εργατικού Δυναμικού: Δ’ Τρίμηνο 2013“, 13 Μαρτίου 2014. ΕΡΕΥΝΑ ΕΡΓΑΤΙΚΟΥ ΔΥΝΑΜΙΚΟΥ: Δ’ Τρίμηνο 2013 Κατά το Δ ́ Τρίμηνο του 2013 ο αριθμός των απασχολούμενων ανήλθε σε 3.589.657 άτομα και των ανέργων σε 1.363.137. Το ποσοστό ανεργίας ήταν 27,5%, έναντι 27,0% του προηγούμενου τριμήνου και 26,0% του αντίστοιχου τριμήνου 2012. Η απασχόληση μειώθηκε κατά 1,3% σε σχέση με το προηγούμενο τρίμηνο …Read More
Persistent unemployment poses a substantive threat to democracy in Southern European countries
Muro, D. & Vidal Lorda, G. (2014) “Persistent unemployment poses a substantive threat to democracy in Southern European countries“, London School of Economics and Political Science, 13 Μαρτίου 2014. The purpose of competitive elections is to reward good politicians and punish bad ones, but what happens if elections can no longer fulfil this role? Diego Muro and Guillem Vidal write that developments in Southern European countries since the start of …Read More