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Does return to markets signal end of Greek crisis? The perils of ignoring macro-economic fundamentals
Agorathe “market return” narrative that the coalition government of Prime Minister Antonis Samaras has done... quickly investor sentiment towards Greece has changed. Since the start of the year Greece has moved.... For more than three years the credit contraction in the Greek economy has been deepening, with lending
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Jobs, hundreds of thousands of jobs
Agoragenerous when he pledged the creation of 770,000 jobs between now and 2020. Greece has been under the troika’s cosh for exactly four years. The most devastating cost has been the loss of 1 million jobs... for February 2014 was at 26.5 percent. At the same time, the number of people in employment has decreased
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Political tremors shake Spain, overshadow economic progress
AgoraFelipe, 46, has recently taken over the throne. Since the democratic transition in the late 1970s... a powerful turning point that has even overshadowed the recent progress in employment, still..., is embroiled in a corruption scandal along with her husband, whose case has been a major embarrassment
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UnLuCky for some: Another painful lesson from the euro crisis
Agorahas repeatedly and openly admitted that the prescription for addressing the country’s predicament...), and the progress with external rebalancing has come at the expense of internal balance, notably sharply... prices have to fall in comparison to foreign prices and then profitability in the tradable sectors has
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The IMF crisis and how to solve it
AgoraThe IMF is approaching its 70th birthday and the Greek programme has been a candidate for one...-boggling 22% in just 18 months (yes, over 1 percent a month). Greece has endured the largest...-recapitalisation in the Eurozone were too timid and too late; The Fund has consistently and unequivocally
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SYRIZA's weak foreign, defence policy credentials a vulnerability
PoliticsForeign PolicyWith all the focus falling on its economic policies, little attention has been paid to where SYRIZA... has should it come to power. Tsipras spoke of “continuity” with regards to the armed forces, which.... SYRIZA has stopped short of saying that it would drastically reduce military spending
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Newsletter 3 - 14/11/2014
ill-afford to alienate lawmakers at this stage. Hardouvelis. Given that the coalition has 155 MPs... people. He has staked his hopes for an exit from the bailout by the end of this year as he believes... by the December 8 Eurogroup meeting has been set by both the troika and the Greek government as the key
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Newsletter 6 - 5/12/2014
by the troika. Deputy Prime Minister Evangelos Venizelos has hinted at the possibility in the past... behind its central position is clear: Greece’s bailout programme has largely failed to address..., there are bound to be great expectations on the other. This fact has to be weighed up against Tsipras
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To Potami aims for rapid rise to third spot in Greek elections
PoliticsGreek Politicsby journalist Stavros Theodorakis, To Potami has enjoyed surprising success by Greek political standards... liberal parties, Drasi, threw its weight behind To Potami this week. Drasi has tried for a number of years to break through but has consistently fallen short, failing to make its message palatable
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Greece's opposition parties back in spotlight
PoliticsGreek Politicsto cover the funding needs for March, the plight of the country’s opposition parties has gone largely... Samaras and his next move. There has been unrest within the conservative party since the weak showing... and leadership contest. Samaras has so far fended off these calls, arguing that New Democracy should
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