Category Archives: Public finance

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 | Leave a 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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The PSI’s enigma—and a possible solution

Posted on January 18, 2012 by A_Koutras

The Greek government is currently preoccupied with solving the PSI (Private Sector Involvement) enigma. Bringing the PSI to fruition is a precondition for receiving the next tranche of bailout funds from the EU, which is necessary to pay the bond maturing … Continue reading →

Posted in Banking and finance, Europe, Public finance | 3 Comments

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

Reinventing Greece

Posted on December 23, 2011 by C_Meghir

Costas Meghir argues that an important element of the Greek malaise is the credibility of Greek politicians and their long history of abusing their power by borrowing vast amounts and spending them to satisfy specific interests and a client-based political … Continue reading →

Posted in Justice, Public finance | 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

To Euro!

Posted on November 21, 2011 by C_Pissarides

The article below, written by Yannis Ioannides and Chris Pissarides, is part of the ongoing discussion on this blog about the costs and benefits for Greece to continue being part of the Eurozone. The authors argue that Greece has a … Continue reading →

Posted in Banking and finance, Europe, Macroeconomics, Public finance | 10 Comments

White Paper: “Greece: The way forward”

Posted on October 23, 2011 by D_Vayanos

On 14-15 October 2011, a group of senior policy makers, practitioners and academics met at the London Business School to exchange views on the reforms that Greece should undertake to exit the crisis. The discussion focused mainly on four areas: … Continue reading →

Posted in Banking and finance, Healthcare, Justice, Public finance, Public sector productivity | 9 Comments

A viable architecture for the Eurozone

Posted on September 30, 2011 by D_Vayanos

In an article titled “A viable architecture for the Eurozone” and published in Kathimerini on 25 September 2011, Dimitri Vayanos argues that while Greece’s economic crisis is due to a large extent to deep structural problems within the Greek economy, … Continue reading →

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