Category Archives: Macroeconomics

The drachma path

Posted on May 18, 2012 by A_Koutras

Once more the scenarios of a possible Greek exit from the Eurozone are in fashion. We also see scenarios of a Greek exit from the EU. Most media and commentators replicate the mutterings of European or Greek or other investment … Continue reading →

Posted in Banking and finance, Europe, Macroeconomics, Public finance | Leave a comment

Greek Elections 2012—TV interview of Nicholas Economides

Posted on May 5, 2012 by N_Economides

In an interview with Bloomberg News TV, Nicholas Economides discusses the economic dilemmas facing the voters in the elections, and the impact of their decisions on Greece and the European Union. Α more extensive discussion at Chinese Radio International here.

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Greece at the PSI—TV Interview of Nicholas Economides

Posted on March 7, 2012 by N_Economides

As Greece exchanges its old bonds with higher quality bonds and imposes a “haicut” on the face value of the old bonds, Nicholas Economides discusses Greece’s prospects. He underlines the necessity of new investment initiatives that start with bilateral national … Continue reading →

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The prospects of the new loan agreement for Greece

Posted on February 23, 2012 by M_Galenianos

Manolis Galenianos argues that it is in Greeceʼs interest to sign the new loan agreement with the troika despite the additional austerity that it necessitates. The reasons are that this agreement (1) will significantly reduce the level of uncertainty in … Continue reading →

Posted in Banking and finance, Europe, Macroeconomics, Public finance | 1 Comment

What is the best option for Greece? Stay the course? Declare bankruptcy? Leave the Euro?

Posted on February 19, 2012 by N_Economides

Nicholas Economides evaluates the options available to Greece: (A) accept the new agreeement with the lenders, receive €130 billion, and implement the PSI; (B) declare bankruptcy within the eurozone; and (C) decrare bankruptcy and leave the eurozone. He argues that option … Continue reading →

Posted in Banking and finance, Economic development, Europe, Macroeconomics, Public finance | 1 Comment

Nicholas Economides interviewed on Bloomberg on the downgrade of Eurozone countries by S&P

Posted on February 18, 2012 by N_Economides

S&P downgrades EU countries, Bloomberg TV interview January 13, 2012. In this interview, Nicholas Economides discusses the mass downgrade of EU countries by S&P. Although the countries’ downgrade was expected, the effect of the downgrade on the EFSF remains to … Continue reading →

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Lets take the deal and reform: we can only gain from this

Posted on February 13, 2012 by D_Vayanos

In two articles published in Kathimerini on 12 February 2012, (a) Costas Meghir and (b) Michael Haliassos, Yannis Ioannides and Dimitri Vayanos argue that the incentives for the Eurozone to bail out Greece are waning as Italy is being shored … Continue reading →

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Greek Economists for Reform comment on Greece’s priorities for 2012

Posted on January 1, 2012 by The Reforming Economist

For its New Year’s edition, Kathimerini newspaper asked Greek Economists for Reform to propose specific actions that Greece should take in 2012 to improve its economy. Costas Azariadis and Yannis Ioannides urged Greeks to become more involved in civic society, … Continue reading →

Posted in Banking and finance, Europe, Justice, Labour market, Macroeconomics, Press, Public finance, Public sector productivity | 1 Comment

Prodigal Italy, Greece, Spain? A Letter to Northern Partners

Posted on December 28, 2011 by M_Haliassos

Michael Haliassos presents a key dilemma in the current debate regarding the future of the Euro: to prolong support of debt refinancing to countries in the periphery, so as to signal to markets that Euro membership is a one-way street; … Continue reading →

Posted in Banking and finance, Europe, General, Labour market, Macroeconomics, Press, Public finance, Public sector productivity | 1 Comment

Euro versus Drachma: A Televised Debate

Posted on December 15, 2011 by M_Haliassos

On December 12, 2011, the Greek TV station ‘SKAI’ broadcast a debate between seven Greek economists on whether Greece should stay with the Euro or switch to a new Drachma. The debate was aired a second time on December 15. … Continue reading →

Posted in Banking and finance, Economic development, Europe, General, Macroeconomics, Product market, Public finance | 5 Comments