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Greece illustrates how the politics of lending can undermine its effectiveness

Chapman, Terrence, Fang, Songying, Stone, Randall, (2015), “Greece illustrates how the politics of lending can undermine its effectiveness”, Lse blog, 18 September The summer of 2015 marked another period of high drama in the ongoing Greek debt crisis. Amidst continuing negotiations with lenders and European leaders, Greek citizens rejected austerity conditions requested in exchange for yet another bailout by the Troika of the European Commission, the European Central Bank, and the International Monetary Fund. Shortly after …Read More

Poland Versus Greece

Krugman, Paul, (2015), “Poland Versus Greece”, New York Times blog, 11 September Yannis Ioannides and Christopher Pissarides, in a new Brookings Paper, talk about the ways lack of structural reform hurts Greek productivity and competitiveness. I have no reason to doubt that there are big things that should change, and that Greece would be much better off if it could somehow break the political barriers to making these changes. Relevant …Read More

A New Chance for Greece

Papantoniou, Yannos, (2015), “A New Chance for Greece”, Project Syndicate, 9 Σεπτεμβρίου On September 20, Greek voters will go to the polls – yet again – in a snap election called by Prime Minister Alexis Tsipras. The early poll was no surprise: almost a third of Tsipras’s colleagues in his leftist Syriza Party refused to endorse the bailout he had negotiated with the country’s creditors. In a parliamentary vote on …Read More

The Foundations of Greece’s Failed Economy

Phelps, Edmund, (2015), “The Foundations of Greece’s Failed Economy”, Project Syndicate, 4 September Too many politicians and economists blame austerity – urged by Greece’s creditors – for the collapse of the Greek economy. But the data show neither marked austerity by historical standards nor government cutbacks severe enough to explain the huge job losses. What the data do show are economic ills rooted in the values and beliefs of Greek …Read More

Outcome of Greece election looking increasingly uncertain

Ruparel, Raoul, (2015), “Outcome of Greece election looking increasingly uncertain”, Open Europe blog, 2 September The prevailing assumption before the Greece election was called was that outgoing Greek Prime Minister Alexis Tsipras would return as head of the next government in one way or another. However, the latest polling has suggested this is far less certain than assumed. Raising the question of what the outcome of the election might be? …Read More

Lighten the load

Odendahl, Christian, (2015), “Lighten the load”, Centre for European Reform, 26 Αυgust The IMF says that Greece’s debt burden is unsustainable. That is why the IMF will not contribute to the third assistance package (recently agreed by Europe and Greece) unless Greek debt is reduced. The problem is that an outright cut in the value of the debt – a haircut – is politically unacceptable, especially to Germany. The other option …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

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

Greece’s poor growth prospects

Barslund, Mikkel, Barnebeck Andersen, Thomas, (2015), “Greece’s poor growth prospects”, Ceps publications, 21 Αυgust Four years ago – almost to the day – when the question of Greece’s debt sustainability was the subject of intense debate, we argued that Greece would face strong headwinds in its effort to ‘grow solvent’ (Gros, Barnebeck & Barslund, 2011). With the third rescue package dealing with the immediate liquidity issues in the works, and concerns being voiced by the IMF …Read More

The third Greek bailout and the challenge to national democracy (in Athens and beyond)

Scarpetta, Vincenzo, (2015), “The third Greek bailout and the challenge to national democracy (in Athens and beyond)”, Open Europe blog, 21 Αυgust The third Greek bailout is officially under way. The ESM, the Eurozone’s bailout fund, has this morning disbursed €13 billion from the first tranche of the new loan. But let’s take a step back and look at what happened in some of the countries where national parliaments held a …Read More

The Greek crisis is merely a symptom of the EU’s inability to deal with recessions

Gangopadhyay,  Partha, (2015), “The Greek crisis is merely a symptom of the EU’s inability to deal with recessions”, 24 Αυgust Fresh elections will be held in Greece following the resignation of Alexis Tsipras as the country’s Prime Minister. Partha Gangopadhyay writes that while this latest twist in Greek domestic politics has raised more uncertainty about Greece’s ability to meet the conditions of its bailout agreement, there is a far wider …Read More