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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

Syriza government proposal for the survival of the pension system in Greece has been delivered to the institutions for consultation. The proposal is structured in a way to serve three major goals: a. protect the current pensioners; b. secure that new generations will receive pension; c. safeguard the pension system and avoid a total collapse.… » read more

  Posted by Dimitris Rapidis

The European Council, under the pressure of the European Parliament, has agreed to establish a High Level Group on Own Resources, with representatives of all Institutions and chaired by prof. Mario Monti1. The group has already produced a first interim report and is preparing a Conference (June 2016) with all National Parliaments before presenting its… » read more

  Posted by Alfredo De Feo European pratictioner and researcher

Since the spark of the financial crisis, Greece has been weak in building a sound business environment. In this fragile context, disastrous austerity came to give a final blow. The last three years of EU funds 2007-13 period were not as efficient as the domestic governments or the European Commission could expect, but this was… » read more

  Posted by Dimitris Rapidis

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