‘Greek misery’, ‘Hellenic precipice’ or unwelcome comparisons with Dubai and Iceland, who both cannot repay their debts. Truly, the headlines about Greece since the start of the New Year could hardly be more telling. They are similar to a Greek tragedy. However, the final act has yet to be completed in Athens.
The macro and microeconomic [...]
In the framework of its European Seminars, the Hellenic Foundation for European and Foreign Policy (ELIAMEP) organized an international high-level conference entitled: “The Delphic Oracle on Europe: Politics and Policies“. In the course of the conference a group of around 40 leading academics, practitioners, think tankers and journalists analysed and evaluated the outcome of the [...]
A question that has arisen during the last months is whether and how irregular migration stocks and flows are affected by the current economic crisis. The current economic and financial crisis is probably yet to reach its highest peak, however a stagnation of economic activity and rising unemployment have been felt by several countries all [...]
* Someone who chooses to receive the benefits of a “public good” or a positive “externality” without contributing to paying the costs of producing those benefits.
The world is facing the most severe financial and economic crisis in the post-war decades. International organisations, like the OECD and IMF, in their latest projections, anticipate that the contraction [...]
British Foreign Secretary David Miliband was right in his recent LSE speech: there is nothing inevitable about globalization. The current crisis puts its continuation into doubt, as protectionist calls grow louder and the policy response by major international players remains somewhat confused. It is important to recognize that the current juncture is crucial, and that [...]
There is no doubt left: it is the worst crisis of global capitalism, at least since the 1930s. The International Monetary Fund forecasts the harshest global recession of the last sixty years. The “masters of the universe”, Wall Street’s golden boys and their indolent regulatory authorities, could have hardly made a worse mess.
Captive to the [...]
In my post of October 31, 2008 I listed a number of possible key political effects of the current financial-economic crisis: (1) relative decline of U.S. hegemonic dominance; (2) redesign of global governance in favour of emerging economic and political powers; (3) increased pressure on Europeans to rise to the challenge of global affairs; (4) [...]
The former German Foreign Minister Joschka Fischer has publicly speculated that the effects of the current financial crisis will be similar to the fall of the Berlin Wall in 1989. This time, however, the consequences would not affect the East but rather the West. In times of severe crisis, like the one we are undisputedly [...]
