Agora
Between the sword and the olive branch: Dilemmas of Greek diplomacy
"In one hand Greece holds an olive branch but in the other it holds the sword of justice," said Greece's new Defence Minister Nikos Dendias as he was sworn in on Monday. The danger is, though, that Greece is bringing a sword to a gunfight. Within hours of Dendias taking over the role, the Turkish Navy corvette Büyükada was sailing in Greek waters, not far from Athens. It was the latest unsubtle reminder from Greece’s neighbour that it will not relent from testing the limits of legality in Aegean.
Contributor: Nick Malkoutzis
Categories: Politics (387), Greece (498)
The arduous road of privatisation in Greece
This week two developments at the Hellenic Republic Asset Development Fund (HRADF) made headline news. First, the Greek privatisation agency confirmed its medium-term revenue targets. The HRADF’s chief executive officer, Paschalis Bouchoris, in charge since August of this year, argued that TAIPED (as it is known by its Greek acronym) can reach the revenue target of 9.6 billion euros by the end of 2016.
Contributor: Jens Bastian
Categories: Politics (387), Economy (331), Greece (498)
How Samaras backed himself and Greece into a corner over bailout exit
The line coming out of Prime Minister Antonis Samaras’s office at the end of May was that New Democracy did not lose the European Parliament elections despite receiving almost 4 percentage points less than SYRIZA. Together with PASOK, Samaras’s party had a bigger share of the vote than the opposition. The argument emanating from the government camp was that if the leftists couldn’t score a decisive victory at the tail end of the Greek depression, they would never achieve one.
Contributors: Nick Malkoutzis, Yiannis Mouzakis
Categories: Politics (387), Economy (331), Greece (498)
Optimism and obstacles in Spain
Amid a worrying situation in the eurozone, with a stalled economic recovery and extremely low inflation, it seems that Spain is one of the few bright spots, or there is at least some optimism after four years of cuts and adjustments.
Contributor: Arturo Lopo
Categories: Europe (282), Economy (331)
Greek banks may soon breathe sigh of relief on capital needs
Greek banks are always at the forefront of domestic market developments. Despite the strong rebound of 6.4 percent on Friday, their shares still recorded cumulative losses of 7.8 percent last week and 23.9 percent over the past three months. Concerns about the outcome of the upcoming comprehensive assessment European Central Bank are one of the key factors weighing on investors’ minds.
Contributor: Manos Giakoumis
Categories: Economy (331), Greece (498)