Agora
Posts in Europe
What would Willy do?
One hundred years ago, on 18 December 1913, the former German Chancellor and Nobel Peace Prize Winner Willy Brandt was born in Lübeck. The charismatic leader of the German Social Democratic Party and the Socialist International, who died 1992, has not ceased to inspire politicians and academics around the world with his books, speeches and especially his courageous foreign policy – the new Ostpolitik.
Contributor: Christos Katsioulis
Categories: Europe (282), Politics (387)
Debt relief or debt restructuring for Greece?
The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign creditor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance.
Contributor: Jens Bastian
Categories: Europe (282), Economy (331), Greece (498)
Of symmetry and adjustments in the eurozone
The global crisis that erupted in 2007 in the financial sector evolved into a local eurozone sovereign debt crisis in the fall of 2009, when Greece revealed serious problems in the management of public finances. Since then, the prevailing narrative has been what I called the “Berlin View”, calling into question the governments of some countries of the European periphery, particularly Greece, Spain and Italy.
Contributor: Francesco Saraceno
Categories: Europe (282), Economy (331)
The euro debate Greece is not having
You may be amongst those who are not convinced of the devastating effect that the policy mix and pace of fiscal contraction in Greece is having on society. If so, you may subscribe to the official line trotted out by the country’s lenders that the program is helping the country regain competitiveness and the economy fix its external imbalances.
Contributor: Yiannis Mouzakis
Categories: Europe (282), Economy (331), Greece (498)
When will Greek banks operate as credit institutions again?
Despite the successful recapitalisation process and continued restructuring of the Greek banking sector, the credit transmission mechanism towards the real economy remains severely impaired. Two key reasons account for this severe deficit.
Contributor: Jens Bastian
Categories: Europe (282), Economy (331), Greece (498)