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Written by Anouk Canet Luxleaks and the Panama Papers have made awareness about tax evasion issues mainstream. But as painful for the global economy as it may sound, tax evasion still overshadows the broader issue of tax competition – the relative lowering of tax base and tax rate to attract investments – and the subsequent… » read more

  Posted by 1989 Generation Initiative

It is a turning point for the Syriza-led government. After more than one year since the painful agreement on a third bailout for the country has been reached, the society and the business world are suffocating under the burden of tax hikes, lack of liquidity from the banks, weak improvement of macroeconomic factors. Unemployment has… » read more

  Posted by Dimitris Rapidis

The EU is no stranger to crises. It is often said, at least in academic circles, that a crisis can spur necessary further integration (known in Eurojargon as ‘deepening’). At the height of the Eurozone crisis, for example, Member States were willing to accept far-reaching reforms of the Economic and Monetary Union (EMU) that were… » read more

  Posted by ACELG

Faced with yet another woefully pitiful set of growth figures, the European Central Bank (ECB) this week said it expects interest rates to remain at their record lows for a long time to come. Leaving the headline rate unchanged at 0%, the ECB also said it saw no need to alter its program of quantitative… » read more

  Posted by The Euro Economy

The Greek government is introducing an omnibus bill including the establishment of the new Privatization Fund that will absorb the former one, created by the ND-PASOK government under the framework of the second bailout deal (2012-14). This new Fund has major differences from the previous one. Contrary to the previous one, the new Fund is… » read more

  Posted by Dimitris Rapidis

On May 11 the Greek government extended for a fourth consecutive time the law protecting primary residences from foreclosure. This refers to a wide category of non-performing loans (NPLs), covering as well medium-size enterprises with gross annual income lower than 50 million euros, occupying up to 250 employees. This regulation protects 94% of the total… » read more

  Posted by Dimitris Rapidis

Yesterday, a challenge of conditionality did not find favour in the European Court. ‘Conditionality’ is another term for a ‘macro-economic adjustment programme’ that EU Member States have to accept when they receive financial assistance to face down financial stability threats. Greece, Ireland, Portugal, and Cyprus have seen far-reaching policy prescription imposed upon them by (formally:… » read more

  Posted by ACELG

We all agree that the European Monetary Union (EMU) needs a different institutional framework with better governance. We also all agree that EMU economies will never completely converge, but there is actually high likelihood that Greece, Portugal and Italy will continue to diverge from Germany. The mantra of structural reforms is a desperate attempt from… » read more

  Posted by Brainstorm on Politics and Economics of the EU

The Trans-Pacific Partnership was signed on Feb. 4 in Auckland. The TPP member states account for around 40% of the global economy and each have now two years to ratify or reject the agreement. This was to be expected and it is therefore not a geopolitical event. However, it is anticipated that media – and… » read more

  Posted by Global Perspectives - Antonia Colibasanu

As EU has entered in talks with Great Britain towards a more accommodating relationship that would vanquish Brexit prospects, German Finance Minister Wolfgang Schäuble keeps insisting that Greece would be in better economic condition if decision on Grexit had been reached in summer. Obsession of Schäuble to cling in this idea every now and then,… » read more

  Posted by Dimitris Rapidis

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