In ancient Athens, the agora was the central location where citizens gathered to hear news, discuss and, later, trade. The agora was the heart of the city’s political, cultural and spiritual life and it gave birth to the Greek word for speaking in public: ἀγορεύω (agorevo). It is this spirit we hope to channel in this section of the website.
Here, the Agora is a public forum for discussing events that are unfolding in Greece and beyond. Contributors to Macropolis, as well as guest posters, share their views on political, economic and other matters, while also offering readers the opportunity to express their opinions. As always, those who fail to respect the sanctity of this forum will not be allowed to share in its benefits.
This week two developments at the Hellenic Republic Asset Development Fund (HRADF) made headline news. First, the Greek privatisation agency confirmed its medium-term revenue targets. The HRADF’s chief executive officer, Paschalis Bouchoris, in charge since August of this year, argued that TAIPED (as it is known by its Greek acronym) can reach the revenue target of 9.6 billion euros by the end of 2016.
Contributor: Jens Bastian
The line coming out of Prime Minister Antonis Samaras’s office at the end of May was that New Democracy did not lose the European Parliament elections despite receiving almost 4 percentage points less than SYRIZA. Together with PASOK, Samaras’s party had a bigger share of the vote than the opposition. The argument emanating from the government camp was that if the leftists couldn’t score a decisive victory at the tail end of the Greek depression, they would never achieve one.
Amid a worrying situation in the eurozone, with a stalled economic recovery and extremely low inflation, it seems that Spain is one of the few bright spots, or there is at least some optimism after four years of cuts and adjustments.
Contributor: Arturo Lopo
Greek banks are always at the forefront of domestic market developments. Despite the strong rebound of 6.4 percent on Friday, their shares still recorded cumulative losses of 7.8 percent last week and 23.9 percent over the past three months. Concerns about the outcome of the upcoming comprehensive assessment European Central Bank are one of the key factors weighing on investors’ minds.
Contributor: Manos Giakoumis
This week's explosion of Greek bond spreads and collapse of stocks prompted many people to have a sense of déjà vu. Many editors and analysts jumped in to call the new turmoil a repeat of 2010, when the geometric growth of Greek sovereign bond yields almost brought Europe to its knees.
Contributor: Ilias Siakantaris