Thursday, October 22, 2015

The End of German Hegemony by Daniel Gros - Project Syndicate

The End of German Hegemony by Daniel Gros - Project Syndicate

Without anyone quite noticing, Europe’s internal balance of power has been shifting. Germany’s dominant position, which has seemed absolute since the 2008 financial crisis, is gradually weakening – with far-reaching implications for the European Union.
Francesco Saraceno says: "Really?"

Φώτης Γεωργελές για το Συνταξιοδοτικό

the paper - Edito 543 | www.athensvoice.gr



και το άρθρο του Μ.Ματσαγγάνη στην ΑΥΓΗ το Νοέμβριο 1997!

Για τη σύγχρονη Αριστερά, η μεταρρύθμιση δεν μπορεί παρά να κριθεί από το κατά πόσον συμβάλλει στην επίτευξη των ιστορικών στόχων του κοινωνικού κράτους στις νέες συνθήκες: μείωση των ανισοτήτων, εξάλειψη της φτώχειας, κοινωνική προστασία για όλους. Εάν αυτό προϋποθέτει την κατάργηση των πελατειακών προνομίων ορισμένων ομάδων μεσαίου και υψηλού εισοδήματος (με μεγάλη επιρροή στη Βουλή, στα συνδικάτα – κόμη και στα κόμματα της Αριστεράς), κατά τη γνώμη μου πρόκειται για ένα τίμημα αναγκαίο και απολύτως δικαιολογημένο. (ΑΥΓΗ: 23/11/1997)

Monday, October 12, 2015

A fairer approach to fiscal reform - The Washington Post

A fairer approach to fiscal reform - The Washington Post

If we narrowed the gap between federal revenue and spending through significant across-the-board cuts in Social Security and Medicare, we would significantly reduce total retirement income for many lower- and middle-income people

Thursday, October 8, 2015

The Mirage of Structural Reform by Dani Rodrik - Project Syndicate

The Mirage of Structural Reform by Dani Rodrik - Project Syndicate

Every economic program imposed on Greece by its creditors since the financial crisis struck in 2009 has been held together by a central conceit: that structural reforms, conceived boldly and implemented without slippage, would bring about rapid economic recovery. The European Commission, the European Central Bank, and the International Monetary Fund anticipated that fiscal austerity would be costly to incomes and employment – though they significantly underestimated just how costly. But they argued that long-delayed (and much-needed) pro-market reforms would result in a compensatory boost to the Greek economy.
Read more at https://www.project-syndicate.org/commentary/greece-structural-reform-mirage-by-dani-rodrik-2015-10#yxaQkWMVJjy71jY6.99

Thursday, October 1, 2015

Emergency liquidity assistance and Greek banks’ bankruptcy | VOX, CEPR’s Policy Portal

Emergency liquidity assistance and Greek banks’ bankruptcy | VOX, CEPR’s Policy Portal

Discussions continue in some circles as to whether the ECB’s emergency liquidity assistance for Greek banks is legitimate. This column assesses the underlying economics of the emergency liquidity assistance programme and the complex interrelationship between the EU, the ECB and the Greek banks. Economists must focus on the political economy of a monetary union with incomplete fiscal union if they are to understand what’s going on with emergency liquidity.


Link to the SAFE Policy Letter No. 46 (pdf)