Category Archives: Product market

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

Posted in General, Labour market, Macroeconomics, Political economy, Product market, Public sector productivity, Uncategorized | 2 Comments

Looking Beyond the Greek Crisis

Transcript of presentation delivered at the conference Growth and Employment in Europe Session. Panel I By Yannis M. Ioannides Megaron, Athens, May 12, 2014 Organized by Lucas Papademos Slides Introduction I want to start by comparing the evolution of Greek … 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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Attracting Top Research and Innovation Performers: A Way Out of the Greek Crisis

Alexander Kritikos and Odysseas Kartalos argue forcefully that, for Greece, the way out of the current economic crisis is not austerity but a long-term plan focusing on innovative industries with high added value. However, in comparison to other countries in … Continue reading

Posted in Economic development, Economic research, Education, Product market | 1 Comment

A debate between German and Greek economists on growth and austerity in Greece

On 10 July 2013, an interesting debate on the Greek crisis took place between Daniel Gros, the director of the Brussels-based research institute CEPS, Gikas Hardouvelis, professor of Finance at the University of Piraeus and Chief economist at Eurobank, and … Continue reading

Posted in Banking and finance, Economic development, Europe, Labour market, Product market, Public finance, Public sector productivity | 1 Comment

Industrialization: A Special Feature of Greece

Professor John Spraos, a distinguished Greek economist, Professor Emeritus at University College London and former economic adviser to Prime Minister Constantinos Simitis, kindly agreed to contribute to our blog. He writes: I was discussing industrialisation with Michalis Haliassos and he … 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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The Greek crisis and the road ahead

Eleven prominent Greek academic economists, eight of whom are founding members of this blog, write about the Greek crisis. They argue that although the crisis has an important European dimension, its root causes lie in Greece and especially in the … Continue reading

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

On the lack, the need, and the possibility of a reform dynamic

Nikos Vettas argues that the Greek economy can exit its current deep crisis only if a strong dynamic for reform develops. While this has been explained by many analysts since the crisis became apparent, the focus of economic policy in … Continue reading

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Euro versus Drachma: A Televised Debate

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