Chrepa, E. & Chrysoloras, N. (2014) “Private Bad Debt Buildup Casts Shadow on Greek Rebound“, Bloomberg News, 29 September. To Aristides Belles, it’s clear what’s blocking Greece’s recovery: a quiet build-up of about 164 billion euros ($208 billion) in bad loans. “The inability of Greek companies to repay their loans to banks and their dues to the state is clearly holding back Greece’s return to growth,” said the chief …Read More
Dedieu, J. P. (2014) “Greece, a front line for state-sponsored racism in Europe“, AlJazeera America, 29 September. Once the cradle of European civilization, Athens is now the center of a continental decivilizing process On Aug. 2, a group of unidentified men savagely attacked a Pakistani immigrant in Athens, leaving him hospitalized with a broken jaw and multiple bruises. Five days later, Ashkan Najafi, a native of Iran, was severely …Read More
Connell, W. (2014) Economic Impact of Late Payments, European Commission – European Economy, Economic Papers 531|Σεπτέμβριος 2014. Delays in payments in Business to Business (B2B) and Government to Business (G2B) transactions generally have an adverse effect on the cash-flow of firm and can cause firms, particularly small ones, to seek extensions of their overdraft facilities and increase their borrowing. Late payment of commercial debt can play a significant role …Read More
European Commission (2014) “Market Reforms at Work in Italy, Spain, Portugal and Greece“, European Economy 5|2014, Economic and Financial Affairs, September. As part of the response to the crisis, a significant number of market reforms were introduced to boost economic activity and competitiveness. The intense reform effort appears to be showing early signs of effectiveness in some of Europe’s most vulnerable countries. Insufficient reform efforts in the years before …Read More
Zartaloudis, S. (2014) “The financial crisis has badly damaged the Greek and Portuguese welfare states“, LSE EUROPP, 23 September. Several European states have pursued austerity policies in the aftermath of the financial crisis, but how have these policies affected welfare states? Sotirios Zartaloudis writes on the impact of the crisis in Greece and Portugal. He argues that both countries have had to pursue unprecedented spending cuts, tax rises and …Read More
Chatzistavrou, F. & Michalaki, S. (2014) “Reshaping politics of the left and centre in Greece after the 2014 EP election“, Politics and Institutions, EPIN Commentaries, 10 September. The political landscape in Greece is confused and volatile at the moment; the right and extreme- right-wing parties are accorded a disproportionately large place in political debate, while the radical left-wing SYRIZA party is attempting to maintain a ‘leftist’ profile and demonstrate …Read More
Joyce, P. J. (2014) “The IMF and Sovereign Debt“, Economonitor–A Roubini Global Economics Project, 09 September. The continuing inability of the Eurozone economies to break out of their current impasse means that any optimistic projections of declining debt to GDP ratios are unlikely to be achieved. As long as European governments continue to raise funds in the financial markets on favorable terms, the current situation remains sustainable. But the …Read More
Palaiologos, Y. (2014) The 13th Labour of Hercules: Inside the Greek Crisis, Portobello Books Ltd, 04 September. Since the revelation of its massive hidden deficit in late 2009, Greece has been at the centre of the world’s attention. Observers around the globe have watched with morbid fascination as the country has repeatedly flirted with political and financial chaos, as one failed rescue programme has followed another, as extremism spread …Read More
Sotiropoulos, D. & Bourikos, D. (2014) “Economic Crisis, Social Solidarity and the Voluntary Sector in Greece“, Journal of Power, Politics & Governance, June 2014, Vol. 2, No. 2, pp. 33-53. After the onset of the economic crisis in Greece, owing to the government’s drive towards fiscal consolidation, social protection became sparse. NGOs active in social solidarity started catering to newly impoverished Greek citizens seeking social services and basic consumer …Read More
Hope, Κ. (2014) “Greece seeks tax cut from troika after years of belt-tightening“, Financial Times, 01 September. Greece is seeking to persuade its international creditors that it is entitled to a 2015 tax cut after years of wrenching austerity since the country is now on track to outperform its fiscal targets by a comfortable margin this year. Gikas Hardouvelis, a technocrat who took over in July as finance minister, …Read More
