One step before reaching an agreement (?) on Greece’s bailout program, the government dispatched today the revised proposal including the extension of the current loan agreement for the next six (6) months, while introducing a moratorium in the implementation of new austerity measures suggested by troika last November. Meanwhile, the ECB decided yesterday to extend… » read more
By Dim Rapidis The pressure on the new Greek government is immense since the first day in power. The question is not whether Greece will stay or leave Eurozone, but whether Greece as sovereign state has the right to take a rational decision.
By Dim Rapidis Dimitri B. Papadimitriou on ECB interest rates policy, deflation, Junkers’s fiscal stimulus plan, debt management and the Stability Pact, US economy, and the economic crisis in Greece.
Ms. Areti Georgili is founder of the concept bookstore Free Thinking Zone, member of the Administrative Committee of Drassi, and founding member of the Hellenic Start-Up Association. We had the opportunity to discuss with her about the European Elections of 2014, Greek and European politics, the liberal ideology, policy-making and civic participation, as well as… » read more
The two major global powers have long accommodated their geopolitical interests in the international field. Actually they have never been enemies, but rather competitive to each other. Since the fall of communism, China was deeply infiltrated by a combined statism and capitalism, whereas the USA was eagerly turned to be the dominating soft power, that… » read more
By Savvas Poulos To: Chairman of the European Council, Mr. Herman Van Rompuy Chairman of the European Committee, Mr. Jose Manuel Barroso Chairman of the European Parliament, Mr. Martin Schulz Athens, March 19th, 2013 Honorable Gentlemen, The befalling privatization of the Greek Public Gas Corporation (DEPA) reveals the deadlock into which the EuropeanUnion is heading… » read more
Two years now Greece is doing nothing more than increasing its debt, its recession, its unemployment rates, its poverty, and the desperate feelings of a society that has nothing to hope for other than gathering in the streets for at least once a week in order to protest with no effective outcome. Is this ever… » read more
Interview by Dimitris Rapidis Rena Dourou is Deputy of SYRIZA-USF, responsible for the European Affairs of the party. The dynamic politician, with the radical voice in the Greek Parliament, seems ready to bring about some striking changes and fresh air in counter-austerity politics. Follow the discussion.
By Dimitris Rapidis Early surveys over the average monthly revenue of public sector employees in Greece unveils a stunning fact: no matter how much the government is diminishing monthly wages, there is no way the gap of 11.5 billion euro to be gathered in order the Greek government to ask for a further prolongement of… » read more
The recent visit of former US President Bill Clinton in Athens cannot be considered as a simple visit. It might be a well-planned decision of the US to put its economic leverage in Europe sixty years after the initiation of the Marshall Plan for the reconstruction of post-war Europe. The Clinton Global Initiative is a… » read more
People around the world are tired of reading about what is happening in Greece. And so are the Greeks hearing and reading global media describing the “Greek drama” from a million point of views in the last 30 months. The drama seems close to an end now as Greeks are asked to “decide if they… » read more
By Petar Pismestrovic. Image source: The Greek Crisis Readers of my blog know the following things concerning my view on Greece and the eurocrisis: The crisis in Greece is not cyclical.It is not about relative prices but about absolute productive capacities. Focusing only on Greece is false, since the crisis is deeply rooted in the… » read more
Image credit: Skai.gr After nine days of negotiations the Greek parties that were elected in the last parliament failed to form a government. National elections will take place again in mid-June. Given the overall situation, political instability only exacerbates the already chilling effects of the economic depression. The formation of a government –any government– is… » read more
In 1989 the Soviet empire collapsed and over the next eighteen years the EU got hold of a large chunk of it. In the mindset of the Kremlin, in 2012, it’s the EU that is about to collapse and Russia should have its retribution. And unlike Brussels, one should expect Moscow to act quickly. The… » read more
I have been ruminating recently on the key questions that divide Greek society over the economic crisis; the issues that raise controversy among political parties; the actual steps that need to be made for the country to finally move from here to there; from near disintegration, to a stable state where the common good will… » read more
European Council president Herman van Rompuy has arranged a summit dinner for EU leaders on May 23. For François Hollande the Brussels feast will be a first opportunity to brief all his colleagues on France’s new approach to the eurozone crisis and how he sees a return to growth in Europe. His message will be… » read more
The national elections in Greece on May 6, 2012 brought seven parties in the parliament. The first feeling one gets is that of uncertainty about the future. Five out of the seven parties have a clear anti-austerity, anti-memorandum agenda, while ND, the party with the most seats claims that it wants to “renegotiate” the terms… » read more
The coalition government stitched together by Lucas Papademos has successfully concluded its mandate and, as agreed, the Greek political system is headed for a snap election on 6 May. These are being described as the most important elections in Greece in the last thirty years, whose results may determine not only Greece’s place in Europe… » read more
Insignificant news may sometimes look shocking. The announcement by the Bank of Greece that it will pay € 100 million dividend for 2011 is one of those news; it is not surprising that it has made headlines in German TV and newspapers. How should owners of Greek State bonds who had just been forced to… » read more
Doctors from across Europe are gathering in Athens on Saturday for an emergency meeting amid fears that the Greek health system is going into meltdown. The hastily-arranged medical summit, called by the Medical Association of Athens, is due to discuss plans for a new European Medical Network through which doctors could support the ailing health… » read more