Category Archives: austerity

Feb 1 2018

The Effects of Economic Crisis on Greek Entrepreneurship

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By Jessie Voumvaki Greek SMEs – which generate ¼ of Greek GDP and cover 45 per cent of the country’s employment – have been hit hard during the past decade by a perfect storm (i.e. sharp decrease of domestic demand, … Continue reading

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Nov 6 2017

The Political Economy of Privatisation in Greece after the Economic Crisis

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By Özgün Sarımehmet Duman The recent economic crisis has been a very solid testimony to the interconnectedness of world markets that the US-originated crisis has had an endemic and epidemic reflection throughout the world, the Eurozone having prime eminence due to … Continue reading

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Jan 9 2017

Contrasting Greek and UK Youths’ Subjective Responses to Austerity: Lessons for other European countries

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By Athanasia Chalari and Clive Sealey Since 2010, many European countries have faced severe economic crises, resulting in the implementation of various forms of ‘austerity’ social policies, and Greece and the UK have been at the forefront of the implementation of such … Continue reading

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Mar 9 2016

Experiments with austerity and anti-poverty policies in Greece: “Like Hodja’s donkey: it died just after it learned not to eat”

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By Vassilis P. Arapoglou In this brief note I want to summarize the scope of my presentation at the LSE research seminar on March 8, 2016. My aim is to reflect upon the findings of a research project on homelessness … Continue reading

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Nov 24 2015

The Left in government again: Principled politicians and pragmatic policies – A lesson on how to square the circle

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By Dimitris Sourvanos (LSE) and Kyriaki Nanou (University of Nottingham) Last week Euclid Tsakalotos gave a talk at the LSE discussing from his own experiences – as (the current) finance minister in Greece and as a lifelong Marxist – the … Continue reading

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Nov 12 2015

Pension Poor and Housing rich in Greece? A generational perspective argues for policy entrepreneurship

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By Platon Tinios The Greek crisis can be framed as an ageing narrative. Greece confronted dilemmas that all ageing societies are bound to face. For example, it was forced in June 2015 to choose between discharging a legal obligation – … Continue reading

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Oct 22 2015

Investigating the psychological effects of the Greek financial crisis

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By Bettina Davou In the past six years thousands of Greeks have been socially displaced. This significant life change has triggered powerful negative emotions. As an outside event affecting the Greek society, the crisis initially cultivated a negative emotional atmosphere … Continue reading

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Jul 3 2015

The IMF’s Preliminary Draft Debt Sustainability Analysis: what does it mean?

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By Vassilis Monastiriotis The release of the latest analysis by the IMF on the sustainability of the Greek debt, which states loudly that Greece will need not only a hefty new bailout but also a further debt restructuring, fueled again … Continue reading

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Jun 10 2015

The negotiation that never happened…

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by Vassilis Monastiriotis   There are – there have always been – two approaches to the Greek crisis. One, that realises that there is a domestic problem (high debt, propensity to produce new debts, state and market inefficiencies, weak institutions … Continue reading

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Mar 27 2015

Greek political culture has changed beyond recognition since the crisis began

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Support for individual political parties has changed substantially since the start of the crisis in Greece, with Syriza emerging as the largest party in the 2015 elections, while other parties, such as Pasok, have lost most of their support. But … Continue reading

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