Tag Archives: analysis

Chief economist at the European Stability Mechanism Rolf Strauch said in an analysis that that the pandemic may have led to an increase in the Greek national debt and the long-term risks, but the country is not going through another debt crisis. In his analysis, Strauch explained that Greek and …

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21,478 ballot centers across Greece closed at 7 o’ clock Sunday afternoon, July 7th 2019. Millions of Greeks were called to ballot boxes and general elections. All public opinion polls showed a victory for main opposition party, conservative New Democracy. Even though there is possibility that the closing deadline is …

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Greek households have lost 27.9 percent of their assets in the crisis decade 2008-2018. According to an analysis by Alpha Bank, the drop was the biggest in the eurozone and is followed by those recorded in Spain, Italy and Cyprus. Germany recorded significant gains during the same period. Portugal also …

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During the Bronze Age, two important civilizations emerged in Greece: the Minoans and, later, the Mycenaeans. These ancient peoples were among the earliest of the so-called “high cultures” of Europe: they communicated with sophisticated writing systems, painted elaborate frescoes, and—in the case of the Mycenaeans—built fortifications so large that later …

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A draft report prepared by the European Commission on Greece’s compliance with the bailout agreement requirements and the sustainability of the Greek debt, suggests that Greece would have to implement some austerity measures originally scheduled for 2020 a year earlier. This would happen if creditors see that the primary surplus …

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The reasons why the Greek crisis was so profound and long-lasting, and why Greece was currently the only country that had yet to emerge from memorandum [bailout] programmes, were the focus of a Eurobank analysis unveiled on Wednesday. According to the study’s authors, the country’s ability to service its debts …

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Greece will need additional debt relief to regain the trust of investors, even though it’s likely to exit its bailout with a 9 billion euros ($10 billion) cash buffer, the European Commission said in a draft report obtained by Bloomberg. According to the draft report, the European Commission estimates that …

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“Greece’s latest cuts extend austerity to decade mark,” Associated Press wrote this morning with reference to the new austerity package bringing measures worth 4.9 billion euros for 2018-2021. Just a decade? The country is been restructured and rescued, while parts of the society cannot afford a descent living. The upcoming …

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What is happening to Europe of austerity? Difficult to explain. Cheshire Cat has a post about it. Calvinomics  I have given up using economics to explain the rationality behind what happens in Europe. ‘European values’, as represented by every treaty since Maastricht 1992, are the rules and order of ordoliberalism. …

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We often speak of Greece ‘s “pathogenic diseases” that have infected of the political system and the society. We use the term to describe notorious and incurable habits that have settled here with their deep roots. We use this expression to put the blame on typical Greek features characteristic for …

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At first glance, the two politicians seem worlds apart: firebrand businessman turned political upstart U.S. President Donald Trump, and left wing Greek Prime Minister Alexis Tsipras, elected in 2015 to turn his country’s troubled, debt-ridden economy around. But for one strategist CNBC spoke to, the trajectories of both politicians are …

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As relations between Turkey and Europe deteriorated, the government in Ankara did what it knows best: it fired threats. Exactly there where it knows it hurts Europe: The Refugees.  At least two ministers told media that the government is considering to review the EU Turkey Deal.  The statements were immediately …

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A friend called me on Sunday morning and claimed that the atmosphere in the SYRIZA congress and the speech of Prime Minister Alexis Tsipras reminded her very much of the “glorious” days of socialist PASOK and the leadership appearance of its founder Andreas Papandreou. As I was living abroad in …

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Russian President Vladimir Putin came to Athens,  signed agreements, prayed in Mount Athos and left. On bilateral level, he signed a series of multiple agreements with the Greek side, a declaration of good will and cooperation in tourism, culture, and the usual staff. For sure, renewal of Greek-Russian relations is …

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The marathon negotiations in Brussels ended at 3 o’ clock in the morning. The Eurogroup finance ministers but in fact Germany and the International Monetary Fund agreed to give a carrot to Greece yet keep waving a bunch of sticks for as long as it takes. At first stage, lenders …

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“The NATO ships have already started informal patrols in the Aegean,” Greek Defense Minister Panos Kammenos told the media on Tuesday morning short before he left Athens on a Chinook helicopter in order to festively inaugurate four hot spots on the islands of Lesvos, Chios, Leros and Samos. According to …

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In the first public opinion poll conducted after the debate between ex prime minister Alexis Tsipras and the leader of main opposition party conservative New Democracy Bangelis Meimarakis on Monday, Greece’s main opposition party leads wioth 0.5% towards SYRIZa. Poll conducted by Metron Analysis for private TV Action24: SYRIZA 27% …

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This is a very clear stance before the elections: Popular Unity, the party of SYRIZA rebels around former energy minister Panagiotis Lafazanis will pledge to abolish the bailout program and cancel austerity plans, will not exclude an orderly exit from the Eurozone as an option and introduce anew a national …

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In a short televised address to the nation, Prime Minister Alexis Tsipras explained to voters that the analysis of the International Monetary Fund for debt relief in not included in Creditors’ proposal the main question of Sunday’s referendum. And that the government was vindicated by the IMF report on the …

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What did the International Monetary Fund do first thing in the morning, Washington time, on Thursday? The IMF published a debt sustainability analysis on Greece. Among others, the IMF says that Greece’s Debt is not viable and Greece needs a Debt Relief, €50billion in new finance from October 2015 until …

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