Category Archives: The Greek Debt Crisis

Oct 21 2014

Greece: Taking Stock

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Economic and financial changes since the onset of the global and euro area crises By Eleni Louri-Dendrinou   With the introduction of the euro and the mispricing of sovereign (Greek) risk, a flux of funding inundated Greece and helped fuel … Continue reading

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Jun 16 2014

The Paradox of Reform

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By Nikolaos Zahariadis Crises are both risks and opportunities. They create uncertainty and ambiguity not only because they tend to bring about change but also because they simultaneously point to different directions of policy. Politicians are torn between two opposing … Continue reading

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Apr 29 2014

Two tales of wage adjustment

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by Rebekka Christopoulou and Vassilis Monastiriotis * It is well known that in the last five years Greek wages have collapsed both in the public and in the private sector. What is perhaps less known, owing in part to the attention … Continue reading

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Posted by: Posted on by Vassilis Monastiriotis

Sep 27 2013

Until Angela Merkel forms a governing coalition, Greece will continue to be in limbo

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by Dr Theofanis Exadaktylos     “Triumph for the queen of austerity – Pressure to the South for reforms”* Angela Merkel’s triumph in the German elections on Sunday and her re-election as Chancellor has made headlines across the world. But what does … Continue reading

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Posted by: Posted on by Ioanna Antonopoulou

Jul 11 2013

The great Greek exceptionalism (on recessionary austerity and government effectiveness)

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by Dr Vassilis Monastiriotis   The latest round of negotiations between the Greek government and the ‘troika’ must have convinced even the most romantic of those following the Greek crisis that the Greek state is not serious(ly committed to the … Continue reading

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Posted by: Posted on by Vassilis Monastiriotis

Nov 12 2012

A vote of Confidence should mean exactly that

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by Kevin Featherstone   Today, Parliament is expected to approve the new budget by a comfortable majority, with even some of last week’s rebels coming back to support the Coalition.  But this endorsement is at risk of being totally swamped … Continue reading

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Posted by: Posted on by Ioanna Antonopoulou

Oct 26 2012

On the efficiency of public investment allocations in Greece

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by Vassilis Monastiriotis After long procrastination and endless negotiations, it seems now that the reform/austerity package requested by the troika will go through and that the latest loan instalment for Greece will be released. Disappointingly, the new package contains very … Continue reading

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Posted by: Posted on by Ioanna Antonopoulou

Jul 24 2012

Change!

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The (quickly forgotten?) message of the recent elections in Greece was loud and clear: things cannot go on like this any longer. Greece cannot afford to continue with the sluggishness shown by the PASOK-led administration(s); the costless opposition and self-interested … Continue reading

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Posted by: Posted on by Vassilis Monastiriotis

Jul 2 2012

We demand inertia!

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  by Professor Kevin Featherstone   The fate of Greece seems caught between the crudity of the Troika and the inertia of the domestic politicians proclaiming to save it. With suitors like these, the Goddess Athena should retain her virginity. … Continue reading

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Posted by: Posted on by Ioanna Antonopoulou

Jun 28 2012

Viewpoint: Election leaves Greece deeply split

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by Dr Spyros Economides   Greece’s economic crisis and increasingly polarised public opinion fuelled much loose talk about the potential for civil war in the run-up to the repeat election of 17 June. This touched a raw nerve in Greece’s … Continue reading

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Posted by: Posted on by Ioanna Antonopoulou