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Two cheers for Beppe Grillo

Grant, Charles, Tilford, Simon, (2013), “Two cheers for Beppe Grillo”, The Centre for European Reform, 1 Μαρτίου. The Achilles heel of the euro has always been democracy. Although the euro is unlikely to break up, that risk cannot be entirely excluded: one day, voters may choose a government committed to policies that are incompatible with the conditions set by Europe’s leaders for membership of the single currency.”

Macroeconomics and Politics in the Accumulation of Greece’s Debt: An econometric investigation, 1975-2009

Alogoskoufis, George, (2013), “Macroeconomics and Politics in the Accumulation of Greece’s Debt: An econometric investigation, 1975-2009“, The Hellenic Observatory European Institute London School of Economics & Political Science. This paper focuses on an econometric investigation of the macroeconomic and political factors that contributed to Greece’s excessive debt accumulation and its failure to adequately address its fiscal imbalances, from the restoration of democracy in 1974 till the crisis of 2009. The …Read More

Quarterly report on the euro area-1/2013

European Commission, (2013), Quarterly report on the euro area, 1/2013. The focus section of this edition takes a look at the growth convergence experiences of euro area Member States following the introduction of the euro. Generally speaking, faster growth in relatively poorer countries has helped to narrow income gaps between EU Member States, but this convergence process is weaker for euro area members and appears to have stalled a few …Read More

«Βόμβα» νοσηρότητας

Λιαρόπουλος, Λυκούργος, (2013), “Βόμβα νοσηρότητας”, www.metarithmisi.gr, 21 Φεβρουαρίου. Όταν το 1989 διαλύθηκε η ΕΣΣΔ, η φτώχεια και η αδυναμία πρόσβασης σε ένα, ούτως ή άλλως, ανεπαρκές σύστημα υγείας, δημιούργησε κύμα νοσηρότητας που τσάκισε τον πληθυσμό. Μέχρι το 1994, η Ρωσία έχασε πέντε χρόνια από το προσδόκιμο ζωής, από τα 69 στα 64, και επανήλθε μόλις το 2010. Στην Αργεντινή, στη 10ετία 1990-2000, με ανάλογη οικονομική κρίση, τα στοιχεία δείχνουν αντίθετη …Read More

The Europe barometer points to stormy weather

Lannoo, Karel, (2013), “The Europe barometer points to stormy weather”, The Centre for European Policy Studies, 17 Φεβρουαρίου. Against the current background of a sharp decline in public support for the EU and an emerging reinforced centre to manage the euro crisis, this commentary finds that the only way Europe’s leaders can hope to keep the fragile equilibrium afloat is to summon up the courage to go forward with concrete …Read More

Can Europe recover without credit?

Darvas, Zsolt, (2013), ‘Can Europe recover without credit?’, Bruegel Policy Contribution, Issue 2013/13. Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit does not return to the pre-crisis level for three years after the GDP trough, are not rare and are characterised by remarkable real GDP growth rates: 4.7 percent per year in middle-income countries and 3.2 percent per year in …Read More