Agora
Posts on July 2014
UnLuCky for some: Another painful lesson from the euro crisis
No matter what overall opinion you have of the Greeks, you really ought to hand it to us for tolerance. Over the last year and a half one of the three key players in Greece’s crisis management team has repeatedly and openly admitted that the prescription for addressing the country’s predicament was wrong.
Contributor: Yiannis Mouzakis
Categories: Europe (276), Economy (312), Greece (466)
Drop ‘til you shop
It seems slightly surreal to be discussing whether shops in Greece should open on Sunday when household disposable income has dropped by around 30 percent since 2010 and we have seen the emergence of consumers of need rather than choice. Nevertheless, this is the debate that has been prompted by a new law allowing stores in 10 areas of Greece to open every Sunday.
Contributor: Nick Malkoutzis
Categories: Economy (312), Greece (466)
NPLs: The Achilles heel of the Greek banking system
Having completed capital increases of 8.3 billion euros, which more than covered the capital needs identified by the Bank of Greece (BoG) under the baseline scenario, the single most important risk for Greek banks remains the non-performing loans (NPLs).
Contributor: Manos Giakoumis
Categories: Economy (312), Greece (466)
Public deficit and democratic duty
“Unless the general public is informed by basic economic theory and by key economic facts, they’re going to make wrong decisions,” Korean economist Ha-Joon Chang recently said in an interview following a presentation at the London School of Economics.
Contributor: Nick Malkoutzis
Categories: Politics (364), Economy (312), Greece (466)
Political tremors shake Spain, overshadow economic progress
If you had asked any Spaniard in May what might be the hardest thing to change within the country’s institutions, most of them would have pointed to the monarchy and the bipartisanship.
Contributor: Arturo Lopo
Categories: Europe (276), Politics (364), Economy (312)