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Cooperatives on Cyprus: Why they were treated differently to banks
AgoraNo country in an island in today’s integrated world. Thus, the lessons learned in one place can... in the USA has lessons for Cyprus and parallels to what happened on the island. One of the issues... is immensely respected in Cyprus, and some consider him to be one of the reasons that the Hellenic Bank
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No victory, just plenty of misery
Agoramean having to wipe out a 24-billion-euro deficit and balance the budget in one fell swoop rather than... 30 percent and have one in three living in material deprivation. This economic and social... the limits of the “financial envelope” provided by its lenders. No one else in the developed world
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SYRIZA leads in most age groups, professions but coalition parties dominant among pensioners
PoliticsGreek Politicsone considers that there are roughly 2.6 million pensioners in Greece out of an electorate of 9.9 million, it is clear that retirees are one of the most crucial constituencies of voters. New Democracy... versus 11.5 for New Democracy and 6.3 percent for Elia. This is a dramatic turnaround if one
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Greece gets new finance minister but old guard dominates cabinet reshuffle
PoliticsGreek Politicsas a technocratic appointment, or at least one that emanated from outside the narrow partisan confines... of the dangers of a euro exit: However, one of the key challenges for Hardouvelis will be to handle... one of the most controversial posts due to substantial cuts to health expenditure and changes
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UnLuCky for some: Another painful lesson from the euro crisis
Agorafor tolerance. Over the last year and a half one of the three key players in Greece’s crisis management team... that current accounts do matter after all, one of the troika’s main objectives became to improve... the trade balance. Since there is no one to finance your excess imports you keep turning the screw
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Coalition reaches compromise on candidate for European Commission
PoliticsGreek Politics. Avramopoulos’s nomination was confirmed on Sunday after Prime Minister Antonis Samaras spoke to one.... Kostis Hatzidakis, who was removed from the Development Ministry in a recent reshuffle, was one... measures he pushed for. This left Avramopoulos, one of New Democracy’s vice presidents, as the only non
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Managing an orderly Greek exit from the memorandum
Agorathe current programme or refusing to negotiate a new one? In our view, there are workable alternatives to this position. The IMF itself is offering one of these in the form of a so-called precautionary credit... of financial assistance it received in 2012. One should not underestimate the level of scrutiny inherent
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Waiting for Godot in Greece
Agoraof emails, frequent telephone hotlines and video conferencing. One wonders why face-to-face interaction... part of the second macroeconomic adjustment programme, then one can speculate how the day after... their own conclusions. One key indicator is international bond market reactions to this impasse. Much
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Newsletter 9 - 30/12/2014
Greece heads to the polls Surveys suggest SYRIZA's lead is narrowing Greece has entered one..., have played up these fears over the past few days. It is certain that this will be one of the main... not mind avoiding, will yield the political solutions that either camp is banking on. One cannot exclude
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Newsletter 11 - 16/01/2015
debates during this electoral campaign in Greece has tended to converge on one issue: Is the country’s... than initially projected. Hence, one key condition of such a grand debt bargain has been achieved... in Washington must certify two key assumptions. For one, that Greece is fully financed for the next
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