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The Library contains a selection of publications about the crisis. The publications are classified into geographic and subject categories, as well as according to the type of publications. Access to some of these publications is free (typically opinion articles, policy papers and reports), while in some cases (usually scientific articles) access is restricted, for reasons outside the control of the Crisis Observatory. The Library does not contain a full catalogue of all publications concenring the crisis – this would be impossible – however, it does offer a substantial sample of texts; the criteria for their selection have been solid scientific methodology and representativeness, in terms of both subject focus and theoretical/political approaches.


Fiscal policy relaxation in a depressed economy-Can there be a “Free Lunch” for Greece?

Monokroussos, Platon, (2017), “Fiscal policy relaxation in a depressed economy-Can there be a “Free Lunch” for Greece?”, Eurobank Greece Macro Monitor, 12 July This study leans on the literature on regime-dependent fiscal multipliers and the existence of hysteresis effects to demonstrate that, under certain conditions, a further relaxation of the agreed fiscal targets for Greece could not only benefit the country’s growth outlook, but might also lead to improved (rather …Read More

Holding out for a better deal: Brinkmanship in the Greek bailout negotiations

Pitsoulis, Athanassios, Schwuchow, Soeren C., (2016), “Holding out for a better deal: Brinkmanship in the Greek bailout negotiations”, European Journal of Political Economy, 9 September Greece and its creditors concluded negotiations over a third bailout by signing a Memorandum of Understanding on 19 August 2015. The dominant view among most economic policy analysts and commentators seems to be that the actions of the Greek government in the months before the deal had …Read More

Greeks and Social Europe

Dimitri A. Sotiropoulos, (2016), “Greeks and Social Europe”, EU Forum, 8 Ιουνίου In pre-crisis Greece, Social Europe used to mean a welcome invitation to make Greece’s living standards converge with those of the rest of the EU. It also meant a less welcome push to introduce into Greece labour market and pension reforms, which would alter a patronage-based divide between insiders and outsiders. European social policies, including active labor market policies …Read More


Global Crises and Populism: the Role of Eurozone Institutions

Luigi Guiso, Helios Herrera, Massimo Morelli, Tommaso Sonno, (2018), “Global Crises and Populism: the Role of Eurozone Institutions”, working paper, CEPR, May Populist parties are likely to gain consensus when mainstream parties and status quo institutions fail to manage the shocks faced by their economies. Institutional constraints, which limit the possible actions in the face of shocks, result in poorer performance and frustration among voters who turn to populist movements. …Read More

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Reflecting on how to run €MU more effectively

Begg, Iain, (2017), “Reflecting on how to run €MU more effectively”, LSE EUROPP, 29 June Earlier this year, the European Commission published a consultative White Paper setting out a number of scenarios on the Future of Europe and undertook to nourish the ensuing debates by releasing a series of Reflection Papers on key dimensions of the development of the Union. Among these is the recently-released one on the deepening of …Read More

Labour market performance of refugees in the EU

Peschner, Jörg, (2017), “Labour market performance of refugees in the EU”, Working Paper 1/2017, European Commission, Directorate-General for Employment, Social Affairs and Inclusion, 5 May This paper analyses the individual and socio-demographic factors behind the low employment rate of refugees compared to individuals born in the EU but also compared to other migrants. It complements the 2016 Employment and Social Developments Review where a chapter was dedicated to the labour …Read More