Author Archives: Vassilis Monastiriotis

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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Feb 4 2015

The benign somersault

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by Vassilis Monastiriotis In the few days since the formation of the new government in Greece, a lot of water has flown under the political bridge of the Greek-Eurozone relations. Much has happened, however, also in relation to the policy … 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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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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Mar 19 2013

Counting the options in Cyprus: the good, the bad and the ugly

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First, let’s clarify that a bailout for Cyprus was necessary. Without this, the major banks in Cyprus would collapse in a matter of days, if not hours. People would lose their savings, financing of small and large businesses would come … Continue reading

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Aug 6 2012

The not-so-hospitable Greeks

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‘Behold the sparkle of champagne The crime rate’s gone – feel free again’                                      Dead Kennedys, ‘Kill the poor’   Illegal migration has … Continue reading

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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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May 18 2012

The great Eurozone road-kill

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When you cross a street, and there is a car charging towards you, there is always this dilemma: do I step back or do I continue crossing? The actual choice is of course yours, but as any good student of … Continue reading

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May 8 2012

No dilemma

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The result of the Greek elections is no doubt ground-breaking. The collapse of PASOK to its pre-1980 electoral levels, the rise of the far-right to levels unimaginable since the restoration of democracy in 1974, the collapse of the traditional bi-partisanship, … Continue reading

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Apr 30 2012

Can Hollande save Greece?

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Following the result of the first round of the French Presidential elections, it seems that – at last – a new wind is blowing in the European sky. The much sidestepped “growth agenda” is slowly gaining currency in the European … Continue reading

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