Category Archives: Public finance

The drachma path

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

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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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Greek Elections 2012—TV interview of Nicholas 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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Haircuts and growth — Radio interview of Nicholas Economides

Nicholas Economides discusses recent economic developments at NET Radio on March 17, 2012. His main points are as follows. Although the Greek economy might require an additional haircut on loans, this will be hard to do given that most Greek … Continue reading

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The case for Greece staying in the Eurozone

The debate on whether Greece should exit the Eurozone will almost certainly resurface in the run-up to the forthcoming elections in Greece. In the article below, Miltiadis Makris reviews the basic economic arguments in favour of a country’s Eurozone membership. … Continue reading

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Greece at the PSI—TV Interview of Nicholas 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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Greece and the new rescue package

Should Greece default on its debt? In an article published at Les Echos on 23 February 2012, Manthos Delis argues that default is not a prudent option. Even though the current public debate on the new rescue package is primarily … Continue reading

Posted in Banking and finance, Europe, Public finance | 2 Comments

The prospects of the new loan agreement for Greece

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

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

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

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

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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