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  1. Samaras plots early bailout exit, plays down debt relief as Merkel remains tight-lipped
    Photo by MacroPolis

    PoliticsGreek Politics

    ’ visits has been a highly politically charged affair, usually resulting in the government having to push through fiscal measures or structural reforms. This has given opposition parties regular... to continue backing the government, whose popularity has been sliding since May’s local and European

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  2. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    to overlook opportunities for relief or change. Over the last year, the Greek public has been... percent of GDP given that roughly a quarter of the economy has evaporated over the last five years... has a further grievance in that the ECB offered private creditors who owned Greek bonds

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  3. ‘We’re dying to pay our taxes’
    Photo by MacroPolis

    Agora

    was, in the public eye, invariably blamed on the property tax that has proved deeply unpopular in a country where 80... tax kills,” read one newspaper headline. For a friend in his mid-50s who has been desperately looking... EU-imposed austerity has been replaced by resignation and despondency. And in this sense, the death

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  4. Growth, recovery, change and other words lost in the wind
    Photo by Harry van Versendaal

    Agora

    , competitiveness, adjustment and relief has plummeted. At home, Greek politicians have shown that they can keep up... of the words whose meaning has been undermined. They are spoken by people who have no intention... on Tuesday. Hardouvelis – a man of numbers who has only been in government for a few months

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  5. Managing an orderly Greek exit from the memorandum
    Photo by MacroPolis

    Agora

    conditions set by the ECB in Frankfurt. The ECB has drawn attention to the fact that Greek banks cannot... three notches below this critical ECB threshold. Furthermore, ECB president Mario Draghi has... Greece has an agreed economic monitoring programme beyond the adjustment process foreseen

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  6. Greece said to eye exit plan with precautionary support but no new MoU
    Photo by MacroPolis

    EconomyProgramme

    its bailout program has led the government to change its plans, according to local media reports. Since early September, the 10-year Greek government bond yield has jumped from around 5.5 percent... percent in the last 4 weeks. According to reports, this has prompted the government to consider a new

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  7. Cairo Declaration inches Greece closer to hydrocarbons goal

    PoliticsGreek Politics

    in Greece has fallen on what the pact might mean for Greece’s hopes of demarcating its Exclusive Economic Zone. Cyprus has already marked out its maritime zone after agreements with surrounding countries... for hydrocarbon reserves, as Cyprus is doing currently. The coalition has consistently stressed

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  8. The politics of debt dynamics in Greece
    Photo by MacroPolis

    Agora

    rise in Greece’s debt ratio has been the dramatic fall in nominal GDP, i.e. the euro value... with the troika includes a provision according to which the country’s debt mountain has to be reduced to 124 percent of GDP by 2020. Greece has a moratorium on the interest payments on this debt for 10

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  9. Troika and Greece in stalemate over budget targets, prior actions as time ticks away
    Photo by MacroPolis

    EconomyProgramme

    the troika’s approval as has happened for the last two years. The fiscal gap for the next year is one... an additional revenue shortfall next year. However, today’s press reports indicate that the troika has lowered... as of October 1, the troika has reportedly also asked for a reduction in the number of installments to 72

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  10. ILO highlights social impact of Greek crisis, proposes change in policy
    Photo by Harry van Versendaal

    Society

    outlining the impact that the lengthy recession and adjustment programme has had. In addition, the ILO... as 60 percent of the median equivalent household income. This share has risen from 20.1 percent... (based on the poverty line fixed in 2008) showed that poverty in Greece has more than doubled

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