Last Monday (04/03/2013) the most exciting and constructive – 4 days – conference was completed! For the first time in Greece, students from public and private universities in Greece were given the opportunity to participate in the first simulation of Greek parliament (http://www.mve.gr). Everything began last year, when Michalis Dagginis and Thomas Tsoulias- given the … Continue reading
Yesterday the Greek Parliament decided to approve the third memorandum since the beginning of the economic crisis. The government implemented the new fiscal plan with 153 votes in favour, 128 votes against and 18 votes “present”, which, in effect, is a blank vote. This happened when the public and private sector were on a general … Continue reading
The genius cleaner from ‘Good Will Hunting’ – Economics not psychology made this a reality. The double dip recession has left a generation of young adults who know that they are lucky if they manage to find minimum wage work after graduating from some of the most prestigious Universities in the world. Some of the … Continue reading
From 2008 onwards the whole world has been experiencing an unprecedented financial crisis. When Lehman Brothers, the fourth largest investment bank in U.SA, collapsed on September 2008, it marked the biggest post-war global economic crisis. You could call it the end of Thatcher-Reagan era. Because of the economic mess that was caused, all the states … Continue reading
Just one month after the so called “make or break” election, the state coffers in Greece are running low as tax revenues continue to miss targets as the economy slows further. The election outcome, dubbed by European political leaders as a victory for The Euro, was supposed to ensure that the bailout programme be implemented … Continue reading
Credibility, Competence and Confidence When policymakers are lacking in the first two the third is likely to be in short supply. This is particularly notable in reference to the Eurozone and its steadily deteriorating economy – most acutely felt by the ’sin states’ of the Mediterranean. With Europe’s leaders now finally in admission of the … Continue reading
The pattern is becoming despairingly familiar. The embattled periphery countries, led by Italy and Spain but also endorsed by France, propose more fiscal integration in the form of mutual debt pooling and shared financial liability. Such reforms are met with resounding rejections from Germany who instead point to the long run benefits of austerity in … Continue reading
