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“Tailwinds support the recovery”, proudly stated the European Commission’s Spring 2015 Economic Forecast. Even without reading the full report, one gains a general sense of the predictions for each country just by reading the title of each chapter. For example, if you find yourself in a conversation discussing economic progress in Estonia, you can get… » read more

  Posted by The Euro Economy

Last Friday’s Eurogroup in Riga, Latvia, was a complete disaster for all parts involved. For almost all Finance Ministers it was another “revelation” of their lack of ideas, flexibility, and rational argumentation over Greece. It was also a proof of lack of imagination for another Europe, distant from narrow-minded austerity. For Greece and its Finance… » read more

  Posted by Dimitris Rapidis

In one of our latest posts we insisted on the huge and unbearable pressure exerted to the Greek economy and society by its creditors and political interlocutors in Eurozone. In this respect, we proposed a 3-year freeze of the country’s debt payment obligations. As the debate is stirred up and timeframes cannot be kept, there… » read more

  Posted by Dimitris Rapidis

    If you follow the news on Greece and Eurozone you certainly get puzzled by the amount of information stemming from different sources. Reports from Brussels, Athens, Washington and Berlin give you a sense of what is happening hour-per-hour in the country as if the entire world should and has to focus on Greece… » read more

  Posted by Dimitris Rapidis

Laut, bunt und friedlich: So sollten die Proteste in Frankfurt am Main gegen die offizielle EZB-Eröffnung sein. Mit fantasievollen Aktionen wollte sich das Blockupy-Bündnis gegen die Bankenmacht zurückmelden. Denn es war still geworden um die Kritiker des entfesselten Finanzkapitalismus. Nach dem Tag heute in Frankfurt am Main muss man sagen: Es wäre wohl besser still […]

Taking a really short break from the developments in Greece and Eurozone, I hereby present my paper published by the International Centre for Black Sea Studies (ICBSS) in the aftermath of the successful organization of the 7th International Black Sea Symposium on “Perspectives on Tourism in the Black Sea Area” that was held on 16-18 October 2014, in Athens, […]

A number of trade unions have recently denounced McDonalds’ fiscal optimisation policies. According to the unions’ experts, between 2009 and 2013 McDonalds paid only 16 million euros in profit taxes across the EU states in which it operates instead of the 1.06 billion euros it should have paid if tax avoidance schemes had not been […]

Guest blogpost by Carlos A. Primo Braga, Professor of International Political Economy at IMD, and Director of The Evian Group at IMD. The future of the Greek economy and its place in the Eurozone are back in the headlines. The new government in Ath…

I had always presumed that life for a Russian billionaire must be pretty sweet. You know what I mean – private jets, international homes, super yachts, vast sprawling business empire, obligatory ownership of a football club, wedges of cash and lo…

They used to say the EU lacks a narrative. The crisis has remedied that. The high stakes poker game being played out by Angela “cool-hand” Merkel and Yanis “motherfucker” Varoufakis has unleashed a colourful social media storm, which continues to throw up surprises, the latest being a successful German attempt at humour. Featuring self-parodying stereotypes: […]

92,3 Prozent – noch nie war die Zustimmung im Bundestag zu einem Hilfsprogramm für Griechenland so groß wie gestern. Doch so unwohl wie am Freitag haben sich die meisten Abgeordneten auch noch nie gefühlt beim Thema Griechenland. Dabei war das gestern im Vergleich zu dem, was noch kommt, bestenfalls eine parlamentarische Fingerübung. Es ging um […]

  The month-long negotiations between the Greek government and Eurozone ended up temporarily with the adoption of a 4-month extension of the current bailout program during which the Greek government is bound to undertake a specific course of action regarding these structural reforms that will convince the creditors that Greece is ready to receive the […]