Agora
Posts on November 2013
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 (279), Economy (316)
The Greek Ombudsman and public administration during challenging times
The creation of the Ombudsman in 1997 as an independent authority may be seen as a symbol of institutional modernisation. It was intended to strengthen the Rule of Law, to consolidate good governance and ensure the respect of human rights; it constituted an injection of accountability into the Greek political administrative system and a means for the empowerment of citizens vis-à-vis the bureaucracy.
Contributor: Calliope Spanou
Categories: Society (134), Greece (478)
Down but not out: Golden Dawn rears its head again
Almost two months after the government cracked down on Golden Dawn, the neo-fascist party is rising again. Analysts explain why the party's popularity has not been damaged.
Contributor: Harry van Versendaal
Categories: Politics (374), Society (134), Greece (478)
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 (279), Economy (316), Greece (478)
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 (316), Greece (478)