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Policy Brief: The European Banking Union

The decade of the economic crisis has highlighted in the most apparent way the flaws and weaknesses in the original architecture of the Economic and Monetary Union as well as the need for decisive reforms. In this effort, the European Banking Union constitutes one of the most ambitious projects of the European Union with the intention of establishing a single system of banking supervision and resolution based on a common …Read More

Greek Crisis: The End Game and Beyond

The three main protagonists in the Greek economic crisis, the Greek government, the IMF and the Eurozone partners ignored known lessons of how to deal with debt problems and committed policy errors that unnecessarily prolonged the crisis. This short note by Constantine Michalopoulos discusses the options for debt relief and restoration of creditworthiness at the end of the third bailout, which is soon approaching, and makes recommendations for Greek government …Read More

Employment protection legislation (EPL) in Greece (2010-2017)

The present article by Dr. Giannis Dendrinos aims at offering a critical overview of the major institutional initiatives in the field of employment protection legislation (EPL) during the recent economic adjustment programs in Greece (2010-2017). Furthermore, in the context of the European debate about the role and impact of employment protection legislation, the article investigates if these reforms constitute a well defined change of labour protection model in Greece as …Read More

Understanding the Greek Crisis: Answers to Key Questions about the State, the Economy and Europe (in Greek), edited by Dimitris Katsikas, Kyriakos Filinis and Marianthi Anastasatou, has just been published by Papazisis publications.

The book is the result of an initiative by ELIAMEP’s Crisis Observatory and its objective is to offer answers to much debated questions about the Greek crisis. Is the Greek public debt sustainable? Is it possible to sustain high primary fiscal surpluses continuously for many years? Are Greeks over-taxed? Is the Greek public sector too big? Can Greece become more competitive by reducing wages alone? What is the purpose of …Read More