Category Archives: General

Grexit is catastrophic for Greece

The Greek government reopened the discussion “euro or drachma.” The real question is not “euro or return to the drachma,” but “euro or Grexit.” Grexit to a new drachma is not a solution, it is a catastrophe. 14 Greek economists … Continue reading

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Towards a theory on the causes of the Greek depression and its implications for understanding the Eurozone crisis

Paul-Adrien Hyppolite Paul-Adrien Hyppolite (https://www.linkedin.com/in/paul-adrien-hyppolite-71217ab4) is a graduate student in economics and a student-engineer of the Corps des Mines. His research focuses on international macroeconomics and finance. paul-adrien.hyppolite@mines.org @PaulAdrienHypp (https://twitter.com/PaulAdrienHypp). October 10, 2016 The following text serves as introduction to … Continue reading

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The euro’s leverage of competitiveness and its significance for the contrasting economic performance of Germany and Greece

Thanos Skouras, Professor Emeritus at the Athens University of Economics and Business revisits the notion of competitiveness with a view to its historical roots, draws a distinction between “essential” and “apparent” competitiveness, and applies the concepts to a discussion of Greece’s … Continue reading

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Plus ça change, plus c’est la même chose

“The more things change, the more they stay the same”. Professor Georges Siotis, former member of the Task Force for Greece, writes on the poor track record on reforms and presents three examples of “win-win” reforms that never came to … Continue reading

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Europe will benefit from Greece being given a fresh start

On January 22, 2015, the Financial Times have published a letter signed by eighteen economists, including Nobel Laureates Joseph Stiglitz and Chris Pissarides (GEfR founding member). The letter argues that Europe will benefit from Greece being given a fresh start. … Continue reading

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Grexit is now less dangerous for the Eurozone

In a full-page interview in the Greek newspaper “Kathimerini” on Sunday, January 11, 2015, Michael Haliassos describes where the Greek adjustment program of the past five years has gone wrong, and why Greece has no room for creating further uncertainties … Continue reading

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Greek and EU Economic Crisis

Professor Nicholas Economides of the Stern School of Business NYU and the Haas School of Business UC Berkeley presented on May 28, 2014 at KEPE his proposals for the reduction of the Greek public debt, growth, and structural reforms for … Continue reading

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The Fiscal Crisis is a Crisis in Trust

The sources of the fiscal crisis have been different, but the prescribed measures amount to two: achieve budget surpluses to start reducing the size of the debt, and undertake the necessary reforms to create or boost the productive base, so … Continue reading

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The Greek Crisis: Origins and Implications

This paper argues that the deep causes of the Greek and Eurozone crisis are the large external imbalances (trade deficits) of the countries of the European periphery. Their fiscal imbalances exacerbated but did not cause the crisis and therefore fiscal … Continue reading

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Panel discussion on “GREXITING the economic crisis”

On March 6, 2013, a panel discussion on the Greek economic crisis took place at the London School of Economics. This was part of a broader set of events taking place during the week of March 4-8, as part of … Continue reading

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