Category Archives: Public finance

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

Posted in Banking and finance, Economic development, Education, General, Justice, Labour market, Macroeconomics, Political economy, Press, Product market, Public finance, Public sector productivity | Leave a comment

Debt write-off as a mechanism to incentivize structural reforms

Greece’s public debt is projected to rise to 189% of GDP in 2013. This debt level is unsustainable and a write-off will be needed. Some among Greece’s foreign partners are concerned that a write-off will ease the pressure on Greek … Continue reading

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Restructuring, roll-over, moratorium

In the next few weeks the ECB/EU/IMF Troika will deliver its report on the implementation progress and compliance of Greece. On the basis of this report the EU and the IMF will decide whether to release the jumbo instalment of … Continue reading

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

Speech by Chris Pissarides on “Fiscal crisis and economic restructuring: lessons for the labour market”

In a talk in Athens on 5 October 2012, Chris Pissarides analyzed the causes of the global financial crisis, as well as of the crisis in Greece and Cyprus. A large part of his talk focused on the relationship between … Continue reading

Posted in Education, Europe, Labour market, Macroeconomics, Public finance, Uncategorized | 2 Comments

Reforming the Greek income tax structure: time for a flat tax?

The Greek tax system is particularly complex, suffers from lack of transparency, is conducive to noncompliance and—since the tax burden predominantly falls on those who cannot evade or (legally) avoid—it is also unfair. Christos Kotsogiannis discusses a reform for personal … Continue reading

Posted in Public finance, Public sector productivity | 3 Comments

Quo vadis Graecia?

Where goest thou Greece? While the Greek economy is falling off the proverbial cliff, this question stays on the mind of world leaders, keeps Brussels bureaucrats awake at night, and intrudes on the daily lives of  4 million Greek households. … Continue reading

Posted in Economic development, Justice, Macroeconomics, Public finance, Public sector productivity | Leave a comment

Germany must lead or pull the plug: Greek Economists for Reform interviewed in Die Welt

German newspaper Die Welt interviewed three founding members of Greek Economists for Reform in its issue of June 28, 2012, coinciding with the important European Summit. The newspaper noted that numerous economists around the world express views on Greece and … Continue reading

Posted in Banking and finance, Economic development, Europe, General, Labour market, Macroeconomics, Press, Public finance, Public sector productivity | Leave a comment

Danger signs for Greece

In an interview with the National Herald (New York), Nicholas Economides underlines the danger of a national disaster of the extent of the Asia Minor Disaster and the Civil War if Greece leaves the Euro. Among other terrible results are … Continue reading

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

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

Decision time

Greece is facing a historic crossroads, where every decision will have profound long-term consequences for everyone. For this reason, heading towards the most critical elections, we must all decide, individually at first and then collectively through democratic processes, our stance … Continue reading

Posted in Banking and finance, Europe, Macroeconomics, Public finance | 6 Comments