Bosco, A. & Verney, S. (2013) “Living Parallel Lives: Italy and Greece in an Age of Austerity“, South European Society and Politics, Vol. 18, Issue 4, Available online: 12 February 2014. The economic crisis has triggered a process of political convergence between Italy and Greece. The simultaneous downfall of the Italian and Greek governments, following the public withdrawal of European confidence in their ability to handle the crisis, was …Read More
Portugal and Greece: the odd return to markets
Steinbock, D. (2014) “Portugal and Greece: the odd return to markets“, Opinion Article, EU Observer, 05 May. BRUSSELS – In the past few weeks, Portugal and Greece have returned to the markets in moves seen in Brussels as heralding a rebound in Southern Europe. In reality, a fragile recovery has barely begun and will take years. On Sunday (4 May), Portugal’s Prime Minister Pedro Passos Coelho announced that his …Read More
Library » Greece » Economy » Opinion Articles
Europe’s Underappreciated Success: 10 Years Of Post-Enlargement Convergence
Watt, A. (2014) “Europe’s Underappreciated Success: 10 Years Of Post-Enlargement Convergence“, Social Europe Journal, 05 May. On May 1st 2004 ten countries joined the EU in the biggest enlargement of the Union to date. Moreover it was a step heavy with symbolism. Eight of the ten – the exceptions being the two Mediterranean island economies Cyprus and Malta – had until just over a decade earlier been part of …Read More
Party Attitudes towards the EU in Greece
Verney, S. & Michalaki, S., “Greece”, in Conti, N. (ed.) (2014) “Party Attitudes towards the EU in the Member States – Parties for Europe, Parties against Europe“, Routledge Advances in European Politics, Routledge Publications: United Kingdom. Between the Maastricht Treaty and the eurozone crisis, the central question in the Greek European debate was no longer ‘to be or not to be in the EU’ but ‘what kind of Europe’. The analysis …Read More
European Discourses on managing the Greek crisis: denial, distancing and blaming
Papadimitriou, D. & Zartaloudis, S. (2014) “European Discourses on managing the Greek crisis: denial, distancing and blaming”, Political Studies Association, 23 April. Since the outbreak of the Eurozone crisis much attention has focused on the deficiencies of Economic and Monetary Union (EMU) and its effects on member states’ politics. Here we present some key findings of an ongoing research project which tries to examine an often neglected aspect of …Read More
This could be the moment for Greece to default
Münchau, W. (2014) “This could be the moment for Greece to default”, Financial Times, 13 April. While the financial world is celebrating the Greek return to the bond markets, I am asking myself this question: is this a good time for Greece to default on its foreign debt? It is not a subject of polite conversion in Brussels or Athens. Nor does it appear to be a popular subject …Read More
Library » Greece » Economy » Opinion Articles
The Greek Crisis: Origins and Implications
Galenianos, M. (2014) “The Greek Crisis: Origins and Implications“, Greek Economists for Reform.com, 07 April. This paper argues that the deep causes of the Greek and Eurozone crisis are the large external imbalances (trade deficits) of the countries of the European periphery. Their fiscal imbalances exacerbated but did not cause the crisis and therefore fiscal adjustment is a necessary but not sufficient condition for economic recovery. For their economies …Read More
Broken and Can’t be Fixed’: The Impact of the Economic Crisis on the Greek Party System
Verney, S. (2014) “Broken and Can’t be Fixed’: The Impact of the Economic Crisis on the Greek Party System”, The International Spectator: Italian Journal of International Affairs, Volume 49, Issue 1, 2014 The Greek election of May 2012 failed to produce a government, resulting in repeat elections six weeks later. This shock outcome was a symptom of a broader delegitimation of the national political system. Over the past decade …Read More
Fairly Sharing the Social Impact of the Crisis in Greece
Koutsogeorgopoulou, V., Matsaganis, M., Leventi, Schneider, J. D., (2013), “Fairly Sharing the Social Impact of the Crisis in Greece” , OECD, Paris. Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased. Getting people back to work …Read More
What Explains the Rise in Non-Performing Loans (NPLs) in the Euro Area following the Outbreak of the Global Financial Crisis: Greece Case Study
Eurobank (2014) “What Explains the Rise in Non-Performing Loans (NPLs) in the Euro Area following the Outbreak of the Global Financial Crisis: Greece Case Study“, Eurobank Global Markets Research, Greece Macro-Monitor, 14 February. Preface The present study utilizes a number of empirical methodologies to explain the evolution of NPLs in a large group of advanced and emerging market economies in the period before and after the global financial crisis, …Read More