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The IMF crisis and how to solve it
Agorathe medium-term budgeting adjustment central to stabilising Greece. Where did it all go wrong.... But then again... The IMF’s rejection of its own staff’s mild criticism is arguably the bigger and yet under... basis for all parties to draw valuable lessons ... noted ... overly optimistic assumptions
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Where is Odysseus? Part 4 - Unemployment and Employment
AgoraAs in the previous three monthly blogs, we continue to trace the progress of modern-day Odysseus... + U. Since we have a path for the labor force, we need to split this number in two groups: E and U... for unemployment, the path for employment then results automatically from E = LF - U. Labor markets have
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The "King of the North" seeking to heal a fractured kingdom
Agorathe steepest decline in home ownership prospects in modern British history. These kinds of pressures have... wards and middle‑class suburbs. As one Labour MP put it: “Labour was losing everywhere all at once... admission of wanting the UK to return to the EU, he has opened himself up to accusations that he is yet
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Government preparing U-turn on controversial tax measure in bid to win back self-employed
PoliticsGreek Politics-employed workers by the end of the administration’s second term in 2027. The move would represent a U-turn... minimise the scope for cash transactions, forcing all payments online and mandating digital invoicing... for the objective criteria system, which taxes all self-employed earners based on a minimum earnings assumption
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsof conditionalities: The Greek government reiterates its commitment to the terms of its loan agreement to all... and transparency; create an efficient and fair tax court system; modern bankruptcy system, judicial... agreement that during this period the Greek state will be funded under a minimalist menu that solves
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Government U-turns again to tighten Covid measures over Christmas
PoliticsGreek PoliticsJanuary 2, include a return of the mask mandate in all public spaces, with double masks or high protection N95 masks made compulsory on public transport and in supermarkets. All large-scale events... trailed in the media following a meeting of the expert committee on Wednesday evening, mark another U
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Greek negotiations: A marathon that has yet to run its course
Agora, where the so-called Brussels Group has been gathering regularly since February. But despite all... all constitute an unprecedented encounter with an emerging reality in Europe. This political... into a road map for a European U-turn as regards policy conditionality vis-à-vis Greece
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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agora. All three countries are land-locked states which offer a different set of opportunities... not yet feature prominently on the radar of Chinese economic activities in Southeast Europe. Foreign...’ for all concerned. But such a conclusion is premature. The increase in trade between China and the CE&SEE
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The republic without a government
Agoragoverned Germany during the past four years. It is unpopular among all participants, resembling more... in Germany three months ago, the consequences of which have yet to be fully understood by voters... are taking are not at all promising. To expect or articulate the need for “German leadership” under
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Macroeconomic fundamentals for Greece
Agora. It is a powerful slow-motion force that impacts all countries and economies. Note the different axes.... It includes all people over 15 (15+). It does not exclude the elderly. ELSTAT also finds that this broader...) comprises two groups: the employed (L) and the unemployed (U): LF = L + U. The unemployment rate
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