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  1. Troika inquiry: talk to the organ grinder, not the monkey

    Agora

    . Because the one-sided answers that Europe’s dominant powers have given will haunt the eurozone’s... foreign credit. (The one place that doesn’t quite fit this story is Italy, which avoided a credit... stops” in Europe. Capital turned and fled for home, cutting off liquidity for one periphery country

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  2. Should Greece really ask for a debt haircut?

    Agora

    and that a haircut might not be an ideal solution. One good reason for a writedown of Greek public debt... and a big, expensive and above all unproductive public sector. If one takes into account these two... and youth unemployment rose to 61.4 percent. The picture is even darker when one considers

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  3. Cooperatives on Cyprus: Why they were treated differently to banks
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    No 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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  4. No victory, just plenty of misery

    Agora

    mean 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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  5. SYRIZA leads in most age groups, professions but coalition parties dominant among pensioners
    Photo by MacroPolis

    PoliticsGreek Politics

    one 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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  6. Greece gets new finance minister but old guard dominates cabinet reshuffle
    Photo by MacroPolis

    PoliticsGreek Politics

    as 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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  7. UnLuCky for some: Another painful lesson from the euro crisis
    Photo by Harry van Versendaal

    Agora

    for 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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  8. 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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  9. Managing an orderly Greek exit from the memorandum
    Photo by MacroPolis

    Agora

    the 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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  10. Newsletter 1 31/10/2014

    Newsletters

    that headline conclusion, there are several interesting takeaways from the results. One important finding... billion euros under the baseline scenario and 4.6 billion under the adverse one. This included the 6... but is also liked by Independent Greeks leader Panos Kammenos, who served in one of his governments. The ex

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