Monday, 28 July 2014

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  • Drop ‘til you shop

    Photo by MacroPolis 23/07/2014

    It seems slightly surreal to be discussing whether shops in Greece should open on Sunday when household disposable income has dropped by around 30 percent since 2010 and we have seen the emergence of consumers of need rather than choice. Nevertheless, this is the debate that has been prompted by a new law allowing stores in 10 areas of Greece to open every Sunday.
  • NPLs: The Achilles heel of the Greek banking system

    15/07/2014

    Having completed capital increases of 8.3 billion euros, which more than covered the capital needs identified by the Bank of Greece (BoG) under the baseline scenario, the single most important risk for Greek banks remains the non-performing loans (NPLs).
  • Public deficit and democratic duty

    11/07/2014

    “Unless the general public is informed by basic economic theory and by key economic facts, they’re going to make wrong decisions,” Korean economist Ha-Joon Chang recently said in an interview following a presentation at the London School of Economics.