Marangudakis, M., Rontos, K. and Xenitidou, M., (2013), “State Crisis and Civil Consciousness in Greece”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No.77, October. This is a sociological study of the self in modern Greece. Based upon a pilot study of social and political attitudes in Greece today, the study probes the sources of the moral self and of the internalized cosmological and ontological principles in Greece …Read More
Angela Merkel’s Pyrrhic Victory
Soros, G., (2013), “Angela Merkel’s Pyrrhic Victory”, Project Syndicate, 07 October. As far as Germany is concerned, the drama of the euro crisis is over. The subject was barely discussed in the country’s recent election campaign. Chancellor Angela Merkel did what was necessary to ensure the euro’s survival, and she did so at the least possible cost to Germany – a feat that earned her the support of pro-European Germans …Read More
The Human Capital Report
World Economic Forum, (2013), “The Human Capital Report”, World Economic Forum, October. The Human Capital Report details the findings of a new Index which measures countries on their ability to develop and deploy healthy, educated and able workers through four distinct pillars: Education, Health & Wellness, Workforce & Employment and Enabling Environment. Relevant Posts De Molli, V., (2013), “European Best Performers in Times of Crisis”, EconoMonitor, 18 September. World …Read More
Effects of fiscal consolidation envisaged in the 2013 Stability and Convergence Programmes on public debt dynamics in EU Member States
Berti, K., de Castro, F. and Salto, M., (2013), “Effects of fiscal consolidation envisaged in the 2013 Stability and Convergence Programmes on public debt dynamics in EU Member States”, European Commission, Economic Paper 504, September. This paper presents a simple analysis of the public debt-to-GDP ratio responses to fiscal consolidation efforts envisaged in the 2013 Stability and Convergence Programmes presented by EU Member States. In this paper we assess the …Read More
The Eurozone’s Calm before the Storm
Roubini, N., (2013), “The Eurozone’s Calm before the Storm”, Project Syndicate, 30 September. A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and unsustainably high borrowing costs for Italy and Spain, appeared to be on the brink of collapse. Today, the risk that the monetary union could disintegrate has diminished significantly – but the factors that fueled …Read More
Tax incidence in the presence of tax evasion
Kopczuk, W., Marion, J., Muehlegger, E. and Slemrod, J., (2013), “Tax incidence in the presence of tax evasion”, VoxEU, 30 September. Tax evasion and noncompliance reduces government revenue and exacerbates the problem of increasing debt. Standard economic theory predicts that the identity of the tax remitter shouldn’t affect outcomes – but this ignores the possibility of evasion. This column provides evidence that in the presence of evasion, both the amount …Read More
Germany as Currency Manipulator
Krugman, P., (2013), “Germany as Currency Manipulator”, The New York Times, The Conscience of a Liberal Blog, 27 September. […] The general point is that if we imagine a euro breakup, I think everyone would agree that the new mark would soar in value, making German manufacturing much less competitive. The German public imagines that it is being cruelly exploited for the benefit of lazy southerners; arguably, what’s really happening …Read More
Member States’ Competitiveness Performance and Implementation of EU Industrial Policy Report 2013
European Commission, (2013), “Member States’ Competitiveness Performance and Implementation of EU Industrial Policy report 2013”, European Commission, 25 September. Progress has been made by Member States to improve the competitiveness of their economies, but many challenges still remain. An updated Industrial performance scoreboard assesses Member States’ industrial performance in five key areas, namely innovation and sustainability; business environment, services and infrastructure; public administration; finance and investment; and skills. The areas …Read More
Messing up the next Greek debt relief could endanger the Eurozone
Wyplosz, C., (2013), “Messing up the next Greek debt relief could endanger the Eurozone”, VoxEU, 23 September. Greece is in dire straits; it will need more debt relief. This column argues that Greece is suffering because northern EZ countries kicked the can down the road by forcing crisis countries to borrow rather than restructure their debts early on. It is time for the ‘generous’ lenders to face the consequences of …Read More
Greek Fiscal Crisis and Repercussions for the Property Market
Vlamis, P., (2013), “Greek Fiscal Crisis and Repercussions for the Property Market”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No.76, September. The aim of the paper is to present a review of the fiscal imbalances and debt crisis in Greece and identify the possible links with the recent developments in the Greek property market. We follow a non-technical approach to discuss a number of factors that have …Read More