Category Archives: Uncategorized

Disastrous Policies in Greek Tertiary Education

In an article that was published in Kathimerini newspaper on Sunday 4 June 2017, Harris Dellas, Amedeo Odoni, and Dimitri Vayanos argue that the situation in Greek universities keeps getting worse, and that the main problem is not ever-diminishing resources … Continue reading

Posted in Uncategorized | 1 Comment

Grexit is catastrophic for Greece

The Greek government reopened the discussion “euro or drachma.” The real question is not “euro or return to the drachma,” but “euro or Grexit.” Grexit to a new drachma is not a solution, it is a catastrophe. 14 Greek economists … Continue reading

Posted in General, Uncategorized | Leave a comment

Towards a theory on the causes of the Greek depression and its implications for understanding the Eurozone crisis

Paul-Adrien Hyppolite Paul-Adrien Hyppolite ( is a graduate student in economics and a student-engineer of the Corps des Mines. His research focuses on international macroeconomics and finance. [email protected] @PaulAdrienHypp ( October 10, 2016 The following text serves as introduction to … Continue reading

Posted in General, Uncategorized | 4 Comments

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 | 1 Comment

Greece & Europe: Beyond the Financial Crisis

Gikas A. Hardouvelis (University of Piraeus) gave a keynote address at the Harvard University Center for European Studies in the 2nd Annual Summit on the Future of Europe (September 22-23, 2015), where he addressed two main questions: Will the Euro Area survive the next … Continue reading

Posted in Uncategorized | Leave a comment

The Greek NPL Issue and a Possible Resolution Path

Andreas Koutras argues that the creation of an Asset Management Company or bad bank that would acquire most if not all of the 100 bn NPL would be advantageous to the Greek economy the Greek banking system and the society, provided, … Continue reading

Posted in Uncategorized | Leave a comment

Is the Greek Crisis One of Supply or Demand?

Yannis M. Ioannides, Tufts University Christopher A. Pissarides, London School of Economics and University of Cyprus. The Greek crisis is more difficult than just fixing debt; Deeper reforms needed.  Greece’s low productivity and competitiveness will hamper growth. Even if Greece’s debt were eliminated … Continue reading

Posted in Uncategorized | Leave a comment

Could a Return to the Drachma Help Greece Regain its Competitiveness?

Vasilis Sarafidis (Monash University) recently posted an article discussing the thesis that a return to the drachma would help Greece regain its competitiveness. His main point can be summarized as follows. The basic argument for returning back to the drachma is … Continue reading

Posted in Uncategorized | Leave a comment

In addition to “Today”, there is also “Tomorrow”

Professor Thanasis Stengos (University of Guelph, Canada) published an article in Naftemporiki on the current negotiations with the European partners. The root of the problem is that the whole negotiation “game” has been approached by the Greek government as a … Continue reading

Posted in Uncategorized | Leave a comment

A careful look at Greece’s options and why YES is the only one

Costas Meghir (Yale University) published a post in Huffington Post Greece that reviews Greece’s options and includes a rebuttal of positions recently voiced by Paul Krugman and Joseph Stiglitz. You can read the post here (in Greek).

Posted in Uncategorized | Leave a comment