Lyberaki, Antigone, Tinios, Platon, (2016), “Gender and the Greek crisis: towards a risk assessment”, LSE Hellenic Observatory, 9 December The Greek crisis is uniquely long and deep; while it is unfolding, secular trends in ageing, technology and globalization are changing the ways people work and how economics shapes attitudes. Add to this that Greece has been following the EU precepts for equality legislation for more than a generation, and the gender …Read More

Labrianidis, Lois, Pratsinakis, Manolis, (2016), “Brain drain and the Greek crisis”, LSE Hellenic Observatory, 6 December In the context of the debt crisis, recession, austerity and their socio-political consequences, Greece is experiencing a new major wave of out-migration. Emigration has become a survival strategy for many people who are finding it hard to make ends meet, while, at the same time, it has also emerged as an increasingly appealing option …Read More

Bensasson, Marcus, (2016), “IMF Indecision on Bailout Faulted by Greek Economy Minister”, Levy Economics Institute, 28November The time has come for the International Monetary Fund to make up its mind on Greece, according to the country’s economy minister. The path to recovery runs sequentially through completion of Greece’s bailout review, debt relief and then admission to the European Central Bank’s quantitative easing program, said Dimitri Papadimitriou, an economist who joined …Read More

Petropoulou, Paraskevi, Dimitriadou, Anna, (2016), “Second programme review – Important milestones & timeline of key dates and events”, Eurobank Research, 18 November This report presents the key themes of the current juncture in light of the 2nd programme review, which is well underway and its importance to the Greek economy’s short and medium term prospects. Firstly, we present the key milestones ahead that will determine whether Greece will be able …Read More

Walter, Stefanie, (2016), “Why austerity is easier to implement in some countries than others – and why this was not the case for Greece”,  LSE EUROPP Blog, 17 October It is now roughly seven years since the Greek economic crisis first emerged, but why has the crisis in Greece proven so difficult to address in comparison to other Eurozone countries? Based on an analysis of crisis management in several European …Read More

Panagiotarea, Eleni, (2016), “The Political Economy of NPLs resolution: Ownership and conditionality”, Hellenic Observatory LSE, 13 October Greece’s non-performing exposure ratio is the second highest in Europe, largely linked to the unprecedented contraction of domestic economic activity in recent years. Causality is known to go both ways, with persistently high non-performing loans (NPLs) constituting a drag on credit and GDP growth. Theoretically, Greek governments keen to reduce the debt overhang …Read More

Lyberaki, Antigone, (2016), “The Greek crisis is a crisis of production, not of public finance”, LSE Blog, 16 September The Greek economic crisis is a crisis of production. Its key actor is a unique feature of the economy, the Greek family firm. Seen through that prism, the crisis is simply another episode in the story of how small firms tried to fit into the world economy as that was becoming increasingly …Read More

Tinios, Platon, (2016), “Grexit and Brexit, past and future: Intertwined tales?”, LSE Greece, 19 June Only one letter separates Grexit from Brexit. Against expectations Grexit (from the Eurozone) did not materialise in 2015. A year later, expectations were also confounded as Brexit (from the EU) inexorably unfolds. The two processes, one contingent and the other all too real, have intertwined in the past: the Greek crisis provided a potent image of what …Read More

Chryssogelos, Angelos, (2016), “No respite: Greece’s relationship with Europe after Brexit”, LSE blog, 27 June The vote for Brexit in the referendum of 23 June has obvious immediate effects for Greece. Increased uncertainty will hamper Greece’s economic recovery. When the UK formally exits the EU, the consequences for Greek workers and students there as well as for Greek tourism will be negative. But it is important to also assess the place …Read More

Turner, Adair, (2016), “Greece And Japan: A Tale Of Two Debt Write-Downs”, Social Europe, 16 June At the end of 2015, Greece’s public debt was 176% of GDP, while Japan’s debt ratio was 248%. Neither government will ever repay all they owe. Write-offs and monetization are inevitable, putting both countries in a sort of global vanguard. With total public and private debt worldwide at 215% of world GDP and rising, the tools on which Greece and Japan …Read More