Agora
Posts in Economy
Of symmetry and adjustments in the eurozone
The global crisis that erupted in 2007 in the financial sector evolved into a local eurozone sovereign debt crisis in the fall of 2009, when Greece revealed serious problems in the management of public finances. Since then, the prevailing narrative has been what I called the “Berlin View”, calling into question the governments of some countries of the European periphery, particularly Greece, Spain and Italy.
Contributor: Francesco Saraceno
Categories: Europe (282), Economy (331)
The euro debate Greece is not having
You may be amongst those who are not convinced of the devastating effect that the policy mix and pace of fiscal contraction in Greece is having on society. If so, you may subscribe to the official line trotted out by the country’s lenders that the program is helping the country regain competitiveness and the economy fix its external imbalances.
Contributor: Yiannis Mouzakis
Categories: Europe (282), Economy (331), Greece (498)
Credit origination and transmission: Are Greek banks part of the problem or the solution?
The twin challenge in Greece’s financial sector remains the liquidity position of banks and their lending capacity to the real economy. Any assumption of a quick return to normality and business as usual are premature.
Contributor: Jens Bastian
Categories: Economy (331), Greece (498)
When will Greek banks operate as credit institutions again?
Despite the successful recapitalisation process and continued restructuring of the Greek banking sector, the credit transmission mechanism towards the real economy remains severely impaired. Two key reasons account for this severe deficit.
Contributor: Jens Bastian
Categories: Europe (282), Economy (331), Greece (498)
![Photo by Can Esenbel [www.mundanepleasure.com]](resources/toolip/img-thumb/2013/10/21/airplaneedit_800_esenbel_2110-large.jpg "Photo by Can Esenbel [www.mundanepleasure.com]")
Ladies and gentlemen, please fasten your seat belts
Earlier this year, Prime Minister Antonis Samaras held an informal dinner with some of his party’s MPs. He reportedly told them that if Greece would be able to get through a tough summer, it would “take off” in September. We are now nearing the end of October and there has been no departure for the skies. Instead, Samaras is bracing for impact.
Contributor: Nick Malkoutzis
Categories: Europe (282), Politics (387), Economy (331), Greece (498)