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Economic and financial changes since the onset of the global and euro area crises

Louri-Dendrinou, Ε. (2014) “Economic and financial changes since the onset of the global and euro area crises“, LSE EUROPP Blog, Greece: Taking Stock, 06 November.   With the introduction of the euro and the mispricing of sovereign (Greek) risk, a flux of funding inundated Greece and helped fuel an impressive growth rate (averaging 4%) in 2000-2008. Growth, combined with low inflation since monetary policy was managed by the European Central …Read More

Greece’s Economic and Political Traps

Konstandaras, N. (2014) “Greece’s Economic and Political Traps“, The New York Times Opinion Pages, 26 October.   Five years into the Greek crisis, it is becoming increasingly difficult to hope that it will end anytime soon. Perhaps we expected too much: that the largest international bailout in history would help set the economy back on its feet within a couple of years; that we could put the problems that had …Read More

Greece seeks tax cut from troika after years of belt-tightening

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

It would be dangerous to view modern European populism as a triumph of style over substance

Wodak, R. (2014) “It would be dangerous to view modern European populism as a triumph of style over substance“, LSE EUROPP, 23 July.   The success of populist and Eurosceptic parties was one of the key narratives to emerge from the European Parliament elections in May. Ruth Wodak writes on the platforms which underpin these parties, noting that there is no one-size-fits-all explanation for why parties have gained ground in …Read More

It’s the Youth, Stupid! Greece’s most undervalued asset

Tsianos, V. (2014) “It’s the Youth, Stupid! Greece’s most undervalued asset“, Eurocrisis in the Press, LSE EUROPP, 07 July.   Numbers never lie. However the fashion of macroeconomic valuation has a long history of interpreting partially the truth that numbers are intended to resonate. During the last four years, statistical numbers regarding the Greek economy have been interpreted by multiple economists, international investors, and public policy decision makers. Amongst many …Read More

If Scotland, why not Greece?

Varoufakis, Y. (2014) “If Scotland, why not Greece?“, Yannis Varoufakis Thoughts for the post-2008 World, 10 March Why an independent Scotland should get out of sterling, but Greece should not volunteer to exit the Eurozone Scotland should state its intention to decouple from sterling, once independent, rather than petitioning for a continuation of its subservient role in an asymmetrical sterling union. Or so I argued in the Scottish Times in ‘Scotland …Read More

Privatizations and Debt : Lessons From The Greek Fiascο

Manasse, P., (2014), “Privatizations and Debt : Lessons From The Greek Fiasco”, EconoMonitor Blog, 02 January. In the midst of the European Debt Crisis, it is tempting to think that high-debt countries could alleviate the recessionary impact of the budget consolidation process by selling (poorly managed) assets and stakes in their state owned enterprises (SOEs), and by using the proceeds to buy back their debts. In addition to providing a …Read More

A Eurozone Report Card 2013

Weeks, J., (2013), “A Eurozone Report Card 2013”, Social Europe Journal, 23 December. Three and one-half years ago the infamous Troika (IMF, European Commission and the European Central Bank, with the German government in close attendance) began its unsuccessful attempt to contain the crisis of the Eurozone, with a draconian austerity program for Greece. Subsequently, the Troika would add Ireland, Italy, Portugal and Spain to its list for the austerity …Read More

The primary response by Greek parties to the crisis has been to divert political accountability through populist blame-shifting

Vasilopoulou, S., Halikiopoulou, D. and Exadaktylos, T., (2013), “The primary response by Greek parties to the crisis has been to divert political accountability through populist blame-shifting”, LSE European Politics and Policy Blog, 18 December. Greece has been hit harder by the financial crisis than any other EU member state, with the economic fallout threatening to undermine the country’s democratic system. Based on an analysis of political speeches, Sofia Vasilopoulou, Daphne …Read More

The Re-Division of Europe

Papantoniou, Y., (2013), “The Re-Division of Europe”, Project Syndicate, 06 December. As the eurozone debt crisis has steadily widened the divide between Europe’s stronger northern economies and the weaker, more debt-laden economies in the south (with France a kind of no man’s land economy in between), one question is on everyone’s mind: Can Europe’s monetary union – indeed, the European Union itself – survive? While the eurozone’s northern members enjoy …Read More