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Greek debt remains unsustainable: Here is why

Lukkezen, Jasper, (2015), “Greek debt remains unsustainable: Here is why”, Voxeu, 24 September After 2018, Greece should have market access. This column argues that without further debt relief, this is unlikely to happen. Under reasonable assumptions, its debt ratio will likely not decline, and the financing burden will increase again. Private investors will take these risks into account and will ask for a risk premium that Greece cannot afford in the …Read More

The Greek elections and the third bailout programme: Why it could work this time round

Alcidi, Cinzia, Gros, Daniel, (2015), “The Greek elections and the third bailout programme: Why it could work this time round”, Ceps publications, 21 September Following the decisive victory won by the Syriza party in Greece’s general election on September 20th, this commentary explores the key question of whether the third bailout programme can work, where the previous two programmes failed. Whereas most observers argue that the third one cannot work because it merely …Read More

Greek elections: How Syriza managed to sign a bailout agreement yet retain its support base

Kiapidou, Nikoleta, (2015)), “Greek elections: How Syriza managed to sign a bailout agreement yet retain its support base”, LSE blog, 24 September On 20 September, the Greek people were asked to vote in a general election for the fourth time since 2009, after Prime Minister and Syriza leader Alexis Tsipras resigned on 20 August. Mr Tsipras’ resignation came after only seven months in office and was prompted by the rebellion …Read More

No lessons learned

Mody, Ashoka, (2015), “No lessons learned”, Bruegel publications, 23 September In November 2003, former German Finance Minister Hans Eichel explained why the “deal” between Greece and its creditors is virtually certain to fail. Fending off the pressure then on Germany for more fiscal austerity in an economic recession, Eichel wrote in a Financial Times op-ed: “A policy geared solely to attaining quantitative consolidation targets in the short term runs the …Read More

Greek Elections 2015: Quo Vadis, Alexis?

Panagiotarea, Eleni, (2015), “Greek Elections 2015: Quo Vadis, Alexis?”, Heinrich Boll Stiftung publications, 23 September There is no doubt about it: Tsipras proved a real master of the political game. His gamble paid off. In fact, whether by accident or by design, he won more than he staked: a clear victory, following Syriza’s spectacular policy U-turn on ending austerity; a clear mandate to proceed with the implementation of the third …Read More

Thomas Piketty Responds To Surprise Greek Election Result

Piketty, Thomas, (2015), “Thomas Piketty Responds To Surprise Greek Election Result”, Social Europe Journal, 22 September In the wake of a surprise re-election of Alexis Tsipras and Syriza, Thomas Piketty discusses the need for a more active approach from European leaders when it comes to the Greek question – and for a eurozone parliament to be established. Relevant Posts Interview with Thomas Piketty: “The myth of national sovereignty helps big …Read More

Tsipras consolidates power in Greek election

Ruparel, Raoul, (2015), “Tsipras consolidates power in Greek election”, Open Europe blog, 20 September Despite all pre-election and exit polls showing a close run race it now looks as if Syriza and its leader Alexis Tsipras will enjoy a clear win in the Greek election.Open Europe’s Raoul Ruparel examines what this means for Greece and the Eurozone. Relevant Posts Hoffer, Frank, (2015), “What Next After Tsipras Dashed Schäuble’s Hopes For …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

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

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