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Crisis Observatory

Publications

This section contains original papers written exclusively for the Crisis Observatory. The Observatory hosted three different publication series: opinion articles, policy papers, and research papers. Access to the Crisis Observatory papers is free.

Basel IIΙ: An Agreement to strengthen the financial sector’ stability

21 April, 2018
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The recent finalization of Basel III completes, theoretically, the regulatory framework introduced after the 2007/8 crisis. According to the official declarations, the Agreement aims to strengthen the financial sector’ stability. However, its regulations and the levels of capital requirements it sets are not a radical change compared to the pre-crisis status quo. The previous two Agreements were more imbalanced, placing more emphasis either on the protection of the competitive advantage …Read More

Socioeconomic Fragmentation and Exclusion in Greece under the Crisis (Palgrave Macmillan study series “New perspectives on South-East Europe”)

12 March, 2018
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The book “Socioeconomic Fragmentation and Exclusion in Greece under the Crisis” edited by Dimitris Katsikas, Lecturer, National and Kapodistrian University of Athens and Head of Crisis Observatory,  Dimitris A. Sotiropoulos, Associate Professor, National and Kapodistrian University of Athens and Dr. Maria Zafiropoulou, has been published. The book is part of Palgrave Macmillan’s study series “New perspectives on South-East Europe”. Based on the ideas, data and findings of the research program …Read More

“Economic Crisis and Structural Reforms in Southern Europe: Policy Lessons” edited by Professor Paolo Manasse and Dimitris Katsikas, Head of Crisis Observatory

22 January, 2018
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The book “Economic Crisis and Structural Reforms in Southern Europe: Policy Lessons” edited by Professor Paolo Manasse and Dimitris Katsikas, Head of Crisis Observatory, has been published. The book is part of Routledge Studies in the European Economy. The Crisis Observatory financed part of this collective research effort. The book examines the reforms implemented by countries of the European South in recent years, as part of the economic adjustment programmes …Read More

Understanding the Greek Crisis: Answers to Key Questions about the State, the Economy and Europe (in Greek)

18 September, 2017
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The book “Understanding the Greek Crisis: Answers to Key Questions about the State, the Economy and Europe”, edited by Dimitris Katsikas, Kyriakos Filinis, and Marianthi Anastasatou, has been published.  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 …Read More

Pavlos Efthymiou: After the UK Referendum, the Main Trial: Save Europe!

27 June, 2016
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People in Britain were heavily misinformed vis-à-vis the ‘costs’ and ‘burdens’ of the EU, and this issue was only partially tackled and very late in the course of the campaign. All in all, the kind of anti-establishment, anti-elitist, anti-globalisation, anti-immigration rhetoric which has been gaining ground continentally, is populism at its worst. The ‘decent’, ‘hardworking’, ‘every-day’ people whose best interests European populists claim to have at heart are, sadly, in …Read More

Paul-Adrien Hyppolite:Towards a Theory on the Causes of the Greek Depression: An Investigation of National Balance Sheet Data (1997-2014)

17 May, 2016
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Drawing on a new dataset, I explore the dynamics of national wealth accumulation in Greece since 1997, and suggest a thought-provoking narrative on the causes of the Greek depression. I show that about two-thirds of the increase in external public debt during the pre-crisis period inside the euro area can be attributed to factors other than fiscal indiscipline. A positive wealth effect tied to the housing bubble resulted in a …Read More

Charalambos Tsekeris, Maria Pinguli, Elpida Georga: Young People’s Perception of Economic Crisis in Contemporary Greece: A Social Psychological Pilot Study

3 November, 2015
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Contemporary Greece is currently in a turbulent process of crisis and recession. Arguably, one segment of the Greek society is experiencing more suffering than most: young people. It is thus of great importance to understand young generation’s needs and attitudes in order to alleviate pain, to build up active inclusion strategies and to enhance civic participation. The present social psychological pilot study aims to show how Greek young adults perceive …Read More

George Tzogopoulos: Assessing the Image of Germany in the Greek Media Visual analysis of Greek Media Reports on the Role of Germany in the Greek Crisis

25 August, 2015
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This study attempts to analyse the representation of Germany in the Greek press during the ongoing economic crisis covering the period 2010-2013. In so doing, it starts with a discussion on the main theoretical aspects explaining the relationship between media and politics in the relevant literature of political communication. It then concentrates on the issue of the European public sphere which is concerned with potential ‘European frames’ in the portrayal of Germany in the Greek …Read More

Antonis Kamaras: The tragedy and last minute triumph of the Greek commons

24 July, 2015
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The tragedy of the commons ‘denotes a situation where individuals acting independently and rationally according to each’s self-interest behave contrary to the best interests of the whole group by depleting some common resource’. This article will make two points. First, that Greece coming so close to exit from the Eurozone, reflects typical ‘tragedy of the commons’ dynamics. Second, that the near certainty of euro exit, catalyzed by the resounding ‘no’ …Read More

Dimitris Katsikas: The final mistake in a bad negotiation

30 June, 2015
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The decision to hold a referendum on the creditors’ proposal is the final act in a drama that started five months ago, when the new Greek government initiated a new round of negotiations with the country’s creditors.In my view, the decision to hold a referendum is a mistake, maybe the last one, in an overall bad negotiation. The Greek government made three key negotiating mistakes. Someone with basic knowledge of the history …Read More